Fund Type: Money Market (Shariah) / Income
Tto provide investors with liquidity and regular income, whilst maintaining capital stability by investing primarily in money market instruments that conform with Shariah principles.
- invest the cash portion of an investment portfolio; and/ or
- “park” money aside while waiting to make another investment.
It is also suitable for investors who:
- have either a short or medium term investment horizon;
- want a portfolio of investments that adhere to the Shariah principles;
- desire a stream of income;
- seek for security and flexibility in investment; and/or
- want easy access to their funds.
| Application Fees |
Nil |
|
Annual Fees |
Management Fee: Up to 0.50% per annum of the NAV |
| |
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 (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 |
Monthly, depending on the level of income (if any) the Fund generates. |
|
Investment Time Horizon |
Recommended 1 year or more |
| Initial Investment |
Minimum RM10,000. |
| Additional Investment |
RM1,000 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 |
RM1,000 or 1,000 units. |
| Launch Date |
17 March 2008 |
| Approved Fund Size (units) |
100 million units |
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