Funds
Kenanga Islamic Cash Fund
 

Investment Objective

The Fund seeks to provide Investors with regular income stream while maintaining capital stability.

 

Fund Category / Type

Money Market (Islamic) / Income

 

This Fund is suitable for investors who:

·   seek to invest in an Islamic money market fund;

·   seek regular income with capital stability;

·   have low risk tolerance; and

·   prefer a short to medium-term investment horizon.

 

Performance Benchmark

Maybank Overnight Repo Rate

 

Asset Allocation

Up to 100% of the NAV will be placed in Shariah-based deposits and Islamic money market instruments, with at least 70% of the NAV placed in Shariah-based deposits and/or Islamic money market instruments that have a remaining maturity of 365 days or less. 


Entry Fee

Cash Investment: Nil

 

Annual Management Fee

0.30% p.a. of the NAV

 

Annual Trustee Fee

0.02% p.a. of the NAV

 

Exit Fee

Nil

 

Switching Fee

Nil

 

Minimum Initial Investment

RM50,000

 

Minimum Additional Investment

RM10,000

 

Note

·      In computing the annual management fee and annual trustee fee, the Net Asset Value (“NAV”) of the Fund should include the management fee and the trustee fee for the relevant day.


·        All fees and charges payable to the Manager and the Trustee are subject to the goods and services tax/sales and services tax/other taxes of a similar nature as may be imposed by the government or other authorities from time to time. 

 

This is for information only. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Units of the Fund are offered solely on the basis of the information contained in the Information Memorandum and Supplementary Information Memorandum (if any). If you are in doubt when considering the investment or the information provided, you are advised to consult a professional adviser.


Kenanga Investors Berhad 199501024358 (353563-P). All rights reserved.
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