MIDF Amanah Shariah Money Market

MIDF Amanah Shariah Money Market
Type
Bond (Islamic)
Company
MIDF Amanah Asset Mgmt Bhd
Investment Manager
Amanah SSCM Asset Mgmt Bhd
Launch Date
05-Apr-2004

Overview

Objective

The investment objective of the Fund is to provide a stable income stream and an opportunity for capital appreciation over the medium term horizon. The Fund will mainly invest in Islamic Debt Securities and money market instruments that are Syariah compliant.

Financial Year End: October 15.
Distribution policy: Annually, if any.

Initially known as AUTB Bon Amanah, then changed to MIDF Amanah Islamic Bond Fund.

Investor Profile

The Fund would be suitable for investors who have an investment horizon of 5 to 7 years and who prefer investing in instruments that provide relative safety of principal and a consistent stream of income that conforms with Syariah principles. It is also suitable for investors who have a preference for a conservative investment approach and who wish to minimise speculation on interest rate cycles.

Strategy

The investment strategy is one that recognises managing interest rate cycles and credit risks as being of paramount importance in any fixed income portfolio. The Fund will therefore seek to minimise risk on capital depreciation by utilising the built-in risk management tools of limited tenure, portfolio diversification and value investing methodology. At the same time, the Fund will seek to maximise the potential for capital appreciation in the medium term. Medium term refers to a time frame of 5 to 7 years. The Fund will follow a strict selection process to ensure that only quality investments with risk return profiles that match the Fund's requirements are selected for investment.

Asset allocation:

  • Up to 90% in Islamic Debt Securities and Islamic money market instruments.
  • Up to 20% in Syariah compliant futures contract as part of its hedging strategy.

Fees & Transactions

Fees & Charges
Sales Charge 0.00%
Redemption Fee1% (if redeemed within a year of purchase.)
Switching Fee1% (within the 1st year. But switching after the first year - $25.00 per transaction.)
Free Switches YearlyN/A
Annual Management Fee1%
Transactions (Minimum)
InvestmentInitial: RM1,000
Additional: RM500
Regular InvestmentInitial: N/A
Additional: N/A
Account Balance 1,000 units
Switching 1,000 units

Downloads

Fund Documents
Prospectus Prospectus - AUTB Dana Bon Amanah

 

Compare MIDF Amanah Shariah Money Market with:

CategoryCompany
Bond (Islamic)
Funds:
MIDF Amanah Asset Mgmt Bhd
Funds:























Copyright on names and logos used in this page belong to respective fund management companies.

Information in this fund profile page is compiled by Signalpoint Sdn. Bhd. based on the individual fund management company's public information, including but not limited to fund prospectus, fund fact sheets, etc, and are meant for information only. While best efforts have been made to ensure its accuracy, we cannot guarantee that the information presented here is completely accurate and without ommissions. Please contact issues@signalinvest.com if you believe there are errors or ommissions on this page.

Investors are advised to read and understand the fund's prospectus before investing.