CIMB Islamic Balanced Growth Fund (formerly Lifetime Dana Barakah)
Fund Type: Balanced (Shariah) / Growth & Income
To grow the value of the Unit holders’ investments over the long term in a diversified mix of Malaysian assets in approved Shariah instruments while providing consistent income.
- have a medium to long term investment horizon;
- want a portfolio of investments that adhere to the Shariah principles;
- are seeking capital appreciation with income being secondary;
- want a diversified portfolio yet prefer a higher exposure to investments in equities for potentially higher returns over the long term; and/or
- accept that investment returns may be negative over the short term, but recognise that a diversified fund tends to produce a smoother return over time than a fund which invests in only one asset class such as equities.
|
Application Fees |
Up to 5.0% on each investment. |
|
Annual Fees |
Management Fee: 1.50% per annum of the NAV |
| |
Trustee Fee: 0.07%* per annum of the NAV
* Subject to a minimum fee of RM18,000 per annum |
| Switching Fees |
Since switching is treated as a withdrawal from one (1) fund and an investment into another fund, you will be charged a Switching Fee equal to the difference (if any) between the Application Fees of these two (2) funds. In addition, the Manager imposes a RM100 administrative fee for every switch made out of a Fund. However, this RM100 administrative fee is waived for the first four (4) switches out of a Fund in every calendar year. The Manager also has the discretion to waive the Switching Fee and/or administrative fees. |
| Distribution Policy |
Once a year every January. |
|
Investment Time Horizon |
Recommended 5 years or more. |
| Initial Investment |
Minimum RM500. |
| Additional Investment |
RM200 or more at any time. |
| Cooling off period |
You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-Principal Islamic Asset Management) to reconsider its appropriateness for your needs. Within this period, you may withdraw your investment at the NAV per unit on the day the units were first purchased and have the Application Fee (if any) repaid. Please note that the cooling-off right is only given to an investor who is investing with CIMB-Principal Islamic Asset Management or any Approved Distributor for the first time. However, corporations/institutions, CIMB-Principal Islamic Asset Management’s staff and person(s) registered to deal in unit trust of CIMB-Principal Islamic Asset Management or any Approved Distributor are not entitled to the cooling-off right.
However, investors who invest via the EPF Members Investment Scheme (where available) are subject to EPF’s terms and conditions. |
| Redemption/Withdrawal |
RM200 or 400 units. |
| Launch Date |
26 May 2003 |
| Approved Fund Size (units) |
500 million |
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