Funds
Kenanga Shariah OnePRS Conservative Fund
 

Investment objective

The Fund aims to provide income^ whilst providing capital preservation*.

 

Fund Category

Core (Conservative)

 

Asset Allocation

· Sukuk and Islamic money market instruments: Minimum 80% of the Fund’s NAV (with minimum 20% of the Fund’s NAV in Islamic money market instruments).


· Shariah-compliant equities: Maximum 20% of the Fund’s NAV.

 

Performance benchmark

A composite of Maybank 1-month GIA rate (80%) and FBM EMAS Shariah Index (20%)

 

The risk profile of the Fund is not the same as the risk profile of the Performance Benchmark.

 

Member’s profile

This Fund is suitable for Members who

· seek capital preservation* of the invested capital;

· have low tolerance of investment risks; and

· seek to invest in a Shariah-compliant investment.

 

For Members under the default option who are 50 years old and above, their contributions will be allocated into this Fund.

 

Note: Where a Member under the default option makes the first contribution to the Scheme a month before the Member attains the age of 50 years old, the Member’s contribution will be allocated into this Fund.

 

Entry Fee

Cash Investment: Up to 1.50% of NAV per Unit

 

Annual Management Fee

1.55% p.a. of the NAV

 

Annual Scheme Trustee Fee

0.02% p.a. of the NAV or a minimum fee of RM6,000 p.a. per Fund

 

Exit Charge

Nil

 

Switching Fee (between Funds in this Scheme or Funds in another PRS managed by the PRS Provider)

Nil

 

Transfer Fee (to another PRS Provider)

RM25 per transaction

 

PPA Account Opening Fee

RM10

 

PPA Annual Fee

RM8 p.a.

 

PPA Administration Fee (Charged to the Funds)

0.04% p.a. of NAV

 

PPA Transfer Fee (to another PRS Provider)

RM25 per transaction

 

Minimum Initial Contribution

· Lump sum: RM1,000 per Fund

· Regular contribution plan: RM100 per Fund

 

Minimum Additional Investment

RM100 per Fund

 

^ Income distribution (if any) will be reinvested into the Fund.

* The Fund is neither a capital guaranteed fund nor a capital protected fund.

 

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 Provider, the Trustee and PPA 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 Disclosure Document and Supplementary or Replacement Disclosure Document (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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