Overview
Objective
AmIttikal is designed as a medium to long-term investment with an objective of producing "halal" income and to a lesser extent capital growth through investments principally in undervalued shares, bonds and other instruments with good growth prospects, which conform strictly to the Principles of Syariah.
* Annual Management Fee is based on Al-Mudharabah (profit share) of up to 20% of net realised profit.
Financial Year End: 30 Sept
Distribution Policy: Half-yearly, if any.
Investor Profile
Best suited if you:
- seek for a positive return through a regular flow of halal income,
- seek for a diversified portfolio with a conservative investment strategy that conforms to the Principles of Shariah,
- have a medium to long-term investment goals and are not planning to have access to your money in the next 3 years.
Strategy
In seeking to achieve its investment objective, AmIttikal can under normal circumstances, invest:
- up to 95% of its net asset value in equity and fixed income securities that conform to Principles of Syariah.
- adds value through active tactical asset allocation,
- selects securities based on current income, prospects of growth and capital appreciation potential.
- In normal market condition, the Fund may invest 70% to 95% of the NAV in equities while in an adverse market condition, the Fund may invest up to 40% on the NAV in equities.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 6.00% |
| Redemption Fee | None |
| Switching Fee | 6% (However, it may be waived or varied at Manager discretion.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 2% |
| Management Expense Ratio (MER) | 2.66% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 / 1,000 units Additional: RM500 / 500 units |
| Regular Investment | Initial: RM1,000 / 1,000 units Additional: RM500 / 500 units |
| Account Balance | 1,000 units |
| Switching | None |
Investment Return
| Investment Return as at 2010-09-09 | |
|---|---|
| 3 Month Return | 6.65% |
| 6 Month Return | 1.80% |
| 1 Year Return | 8.42% |
| 3 Year Return | 5.70% |
| 5 Year Return | 51.43% |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Related Funds
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