CIMB-Principal Money Market Income Fund Back to List
CIMB-Principal Money Market Income Fund
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To provide a low risk investment option that normally earns higher interest than traditional bank accounts.

Fund can be used as a place to:
  • invest the cash portion of an investment portfolio; and/ or
  • “park” money aside while waiting to make another investment.
Fund is also suitable for investors who:
  • have either a short or medium term investment horizon;
  • desire a stream of income;
  • seek for security and flexibility in investment; and/or
  • want easy access to their funds.

Fund Initials MMIF
Fund Code 047
Distribution Policy Quarterly, if any, within 14 days after the last day of each quarter.
Investment Time Horizon Recommended up to 1 year.
Initial Investment Minimum RM10,000.
Additional Investment RM1,000 or more at any time.
Cooling off period You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-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 CIMB-Principal Asset Management or any Approved Distributor for the first time.

However, corporations/institutions, CIMB-Principal Asset Management’s staff and person(s) registered to deal in unit trust of CIMB-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.
Redemption/Withdrawal RM1,000 or 1,000 units
Launch Date 18 February 2004

As at 31 Jul 2017
Fund YTD

(%)
1
Year
(%)
3
Years
(%)
5
Years
(%)
Since Inception (%) NAV


Fund
Size
(million)
CIMB-Principal Money Market Income Fund  2.16 3.46 10.39 16.92 48.42 RM 0.9927 RM 65.85
CIMB Bank Overnight Rate  0.97 1.70 5.11 8.31 26.60




Most Recent Fund Distribution (gross (sen/unit))

Quarterly
2017
June
1.34
2017
June
1.34
2017
March
1.32
2017
March
1.32
2016
September
1.12
2016
September
1.12


Application Fees Nil
Annual Fees Management Fee: Up to 0.70% per annum of the NAV
Trustee Fee: 0.05%* per annum of the NAV
* Subject to a minimum fee of RM18,000 per annum
Switching Fees

Since switching is treated as a withdrawal from one (1) 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 a lower Application Fee. In addition, the Manager imposes a RM100 administrative fee for every switch made out of a Fund. The Manager also has the discretion to waive the Switching Fee and/or administrative fees.

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