Principal Islamic Deposit Fund (formerly known as CIMB Islamic Deposit Fund)

Fund Performance

As at date :
As at date :
Fund Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (MYR million)
Principal Islamic Deposit Fund (formerly known as CIMB Islamic Deposit Fund) 1.17 % 3.04 % 10.03 % 16.94 % 34.19 % 1.0000 2,389.40
Benchmark 1.11 % 2.88 % 9.54 % 16.56 % 36.54 %
Benchmark : Islamic Interbank Overnight Rate

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
May-2020 0.21 2.52
Apr-2020 0.22 2.64
Feb-2020 0.24 2.88
Jan-2020 0.25 3.00
Dec-2019 0.26 3.12
Nov-2019 0.25 3.00
Oct-2019 0.26 3.12
Sep-2019 0.25 3.00
Aug-2019 0.27 3.24
Jul-2019 0.27 3.24
Jun-2019 0.27 3.24
May-2019 0.28 3.36
Apr-2019 0.27 3.24
Mar-2019 0.29 3.48
Feb-2019 0.25 3.00

Disclaimer : Annualised yield is calculated as the most recent monthly dividend distribution multiplied by the Fund’s dividend frequency and divided by the latest NAV.

General Information

Aims to provide investors with liquidity and regular income, whilst maintaining capital stability by investing primarily in deposits that comply with the Shariah principles.

Fund is suitable for investors who:
  • seek liquid and low risk investment with a short-term investment horizon;
  • want a Shariah-compliant investment;
  • seek preservation of capital* and flexibility in investment; and/or
  • want to set money aside while waiting to make another investment.
Note:
*The Fund is neither a capital guaranteed fund nor a capital protected fund.

Fund Details

Distribution Policy Monthly, depending on the level of income (if any) the Fund generates.
Investment Time Horizon Recommended up to one (1) year.
Initial Investment Minimum RM10,000 or such other amount as the Manager may from time to time decide.
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 Principal 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 aninvestor who is investing with Principal Asset Management or any Approved Distributor for the first time. However, corporations/institutions,

Principal Asset Management’s staff and person(s) registered to deal in unit trust of Principal 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.

Minimum Withdrawal Minimum 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

Fund Partner

  • CIMB Bank Berhad
  • CIMB Investment Bank - Retail Equities
  • CIMB Private Banking
  • Principal Distributors
  • Kenanga Investment Bank Berhad

Click here to know more about our fund partner(s). 

Fund Fees

Application Fees Nil
Annual Fees Management Fee: 0.45% of the NAV of the fund
Trustee Fee: 0.04%* per annum of the NAV of the Fund
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 (2) 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 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.