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Principal Islamic Deposit Fund (Class AI)

Fund Performance

As at date : 31-01-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Islamic Deposit Fund (Class AI) 0.31% 3.65% 7.91% 13.76% 46.55% 1.0628 4,130.51
Benchmark 0.25% 2.97% 7.11% 12.60% 48.27%
Benchmark : Islamic Interbank Overnight Rate

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
1.0708
0.0001
0.01 %
1.0707
0.0001
0.01 %
1.0706
0.0003
0.03 %
1.0703
0.0004
0.04 %
1.0699
0.0001
0.01 %
1.0698
0.0003
0.03 %
1.0695
0.0001
0.01 %
1.0694
0.0001
0.01 %
1.0693
0.0001
0.01 %
1.0692
0.0001
0.01 %
1.0691
0.0001
0.01 %
1.0690
0.0004
0.04 %
1.0686
0.0001
0.01 %
1.0685
0.0001
0.01 %
1.0684
0.0003
0.03 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Jan-2024 0.00 0.00
Dec-2023 0.00 0.00
Nov-2023 0.00 0.00
Oct-2023 0.00 0.00
Sep-2023 0.00 0.00
Aug-2023 0.00 0.00
Jul-2023 0.00 0.00
Jun-2023 0.00 0.00
Sep-2022 0.00 0.00
Dec-2021 0.14 1.68
Nov-2021 0.14 1.68
Oct-2021 0.14 1.68
Sep-2021 0.14 1.68
Aug-2021 0.14 1.68
Jul-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.
 
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Fund Details

Distribution Policy Anually, depending on the level of income (if any) the Fund generates.
 
Initial Investment MYR10,000 or such other amount as the Manager may decide from time to time.
 
Additional Investment MYR1,000 or such other amount as we may decide from time to time.
 
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 an investor who is investing with Principal Asset Management or any Approved Distributor for the first time. 

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 MYR1,000 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. 
 
Launch Date 9 September 2009

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 MYR100 administrative fee for every switch made out of a Principal fund. However, this MYR100 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.