Maybank Income Plus Fund 1 ("The Fund") is categorized as a money market wholesale fund (close ended) under the income fund type. The Fund is launched on 22nd September 2015, but is available on Maybank's platform on the 1st of October 2015. The financial year of the fund be on the commencement date of the fund, as this is a 1 year close ended fund. The Fund Manager is Maybank Asset Management Sdn Bhd and the trustee is TMF Trustees Malaysia Berhad. The funds objective is to provide regular returns through investments in money market instruments and deposits.

Fund Information

  • Offer Price during the Initial Offer Period is MYR 1.00 per unit
  • The fund is suitable for Qualified Investors who:
    • Seek higher returns form the investment compared to the benchmark; and
    • Have a moderate risk tolerance.
  • Asset Allocation as follow:
    • Minimum of 70% to a maximum of 99.5% of The Fund's NAV will be invested money market instruments and Deposits.
    • Remaining balance of the Fund's NAV will be invested in liquid assets such as a current account with a financial institution.
    • The Fund's income distributions are non-guaranteed and subject to the continuing abilities of the issuers' of The Fund's investments to meet their respective outstanding obligations. Depending on the level of income The Fund generates, The Fund will provide distribution on an annual basis.
    • The Benchmark is Maybank 12 month conventional fixed deposit rate.
    • Sales Charge per Unit is up to 0.8% of the NAV per unit
  • Transfer fee is nil.
  • The Repurchase Charge per unit is as follows:
    • 3.0% of NAV per unit with exception of the maturity of the fund.
  • Switching Fee is not applicable (no switching facility for this fund).
  • Minimum Balance of Investment is 50,000 units.
  • The Annual Management fee is Nil.
  • Trustee Fee is 0.01% per annum of the NAV of The Fund, subject to a minimum of RM10,000 per annum with a maximum of RM120,000 per annum (excluding foreign custodian fees and charges).
  • Minimum Initial Investment is MYR 50,000 and Minimum Additional Investment is RM 10,000.
  • Redemption Period, redemption monies to be paid within ten (10) days after receipt by the Manager of the request to repurchase.
  • Cooling off period, unit holders may exercise cooling-off rights within six (6) business days of making the investment. This is however, only available on your first investment with the Manager.

 

 

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