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Each of the funds referred to in the Principal Asset Management Berhad (‘Principal’) website is intended only to be made available in Malaysia and offered only to persons in Malaysia. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment. The information it contains does not take account of any investor's investment objectives, particular needs or financial situation. You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision.

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Principal Islamic Deposit Fund (Class AR)

Fund Performance

As at date : 31-08-2021
Fund
Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Islamic Deposit Fund (Class AR) 1.11% 1.68% 7.93% 15.00% 37.11% 1.0000 0.47
Benchmark 1.16% 1.75% 7.63% 14.38% 39.82%
Benchmark : Islamic Interbank Overnight Rate

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Sep-2021 0.14 1.68
Aug-2021 0.14 1.68

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.

Unit Split History

General Information

Principal Islamic Deposit Fund is an Islamic money market fund issued by Principal Malaysia. 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. The Fund is established with a multi-class structure and is allowed to establish new Class(es) from time to time.

This is neither a capital protected nor capital guaranteed fund.

Fund is suitable for investors who:

  • have a short-term investment horizon;
  • want a portfolio of investments that adhere to Shariah principles;
  • desire a stream of income; and/or 
  • seek for security and flexibility in investment.

Fund Details

Distribution Policy Monthly, depending on the level of income (if any) the Fund generates.
 
Initial Investment Minimum MYR10,000 or such other amount as the Manager may from time to time decide.
 
Additional Investment MYR1,000 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 1,000 units or such other number of units as the Manager may decide from time to time.
 
Launch Date 13 August 2021

Fund Partner

  • CIMB Bank Berhad
  • CIMB Investment Bank - Retail Equities
  • CIMB Private Banking
  • Principal Distributors
  • Kenanga Investment Bank Berhad
  • IFAST Capital Sdn Bhd
  • UOB Kay Hian Securities (M) Sdn Bhd

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

Fund Fees

Application Fees Nil
 
Annual Fees Management Fee: Up to 0.30% per annum of the NAV of the Class.

Trustee Fee: Up to 0.02% per annum includes local custodian fee but excludes foreign sub-custodian fees and charges (if any) 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.