Fund Type: Money Market (Shariah) / Income
The Fund aims to provide investors with liquidity and regular income, whilst maintaining capital stability by investing primarily in deposits that comply with the Shariah principles.
- seek liquid and low risk investment with a short-term investment horizon;
- want a Shariah-compliant investment;
- seek for a security and flexibility in investment; and/or
- want to set money aside while waiting to make another investment.
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Application Fees |
Nil |
| Annual Fees |
Management Fee: 0.45% of the NAV of the fund |
| |
Trustee Fee: 0.08%* 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 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 funds. Switching Fee will not be charged if the fund to be switched into has lower Application Fee.
In addition, the Manager imposes a RM100 administrative fee for every switch made out of a CIMB-Principal fund. However, this RM100 administrative fee is waived for the first four (4) switches out of a fund in each calendar year. The Manager also has the discretion to waive the Switching Fee and/ or administrative fees.
|
|
Distribution Policy |
Monthly, depending on the level of income (if any the Fund generates) |
|
Investment Time Horizon |
Recommended up to one (1) year |
| Minimum Initial Investment |
RM10,000 or such other amount as the Manager may from time to time decide. |
| Minimum Additional Investment |
RM1,000 or such amount as the Manager or the Approved Distributor may from time to time decide. |
| Cooling off period |
You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-Principal) 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 or any Approved Distributor for the first time. However, corporations/institutions, CIMB-Principal’s staff and person(s) registered to deal in unit trust of CIMB-Principal or any Approved Distributor are not entitled to the cooling-off right. |
| Minimum Withdrawal |
RM1,000 or such other amount as the Manager may from time to time decide. You need to keep a minimum balance of 5,000 units or such other amount as the Manager may from time to time decide. There is no restriction on the frequency of withdrawals. |
| Launch Date |
9 September 2009 |
| Approved Fund Size (units) |
400 million units |
Download
Prospectus
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