Investment Objective:

The Fund aims to provide investors with returns higher than Ringgit Malaysia savings deposits while maintaining principal value and a high degree of liquidity by investing in Shariah-compliant instruments.

WHY SHOULD YOU CHOOSE PHILLIP MASTER ISLAMIC CASH FUND (“PMICF”)?

  • Price is at RM1.00 and invested 100% in Cash.
  • Higher interest rate than a normal savings account
  • Computation of Interest shall be based on the number of days within the term of the deposit
  • Monthly income*distribution (calculated daily)
  • Tax-free income.
  • No repurchase charge.
  • Fast withdrawal process: T+0 (before 9.45am); T+1 (after 9.45am).
  • No minimum value of units switched.
  • Target return of 3.30% - 3.70% p.a. to maximize returns
  • Governed by trust deed and regulated by the Securities Commission

*Income from PMICF from distribution, if any will be reinvested.

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Net Income Monthly Distribution Record:

As at 31/05/2020 2.40% p.a *
1.04.20 – 30.04.20 2.60% p.a *
1.03.20 – 31.03.20 2.60% p.a *
1.02.20 – 29.02.20 2.85% p.a *
1.01.20 – 31.01.20 3.02% p.a *
1.12.19 – 31.12.19 3.12% p.a *
1.11.19 – 30.11.19 3.19% p.a *

Average Total Return from Nov 2019 to Apr 2020 – 2.90%

*Verified by RHB Trustees Berhad

Investors who might consider money market funds

  • Seek regular Shariah-compliant income
  • Have an investment goal with a short time horizon
  • Have a low tolerance for volatility, or are looking to diversify with a more conservative investment
  • Need the investment to be extremely liquid

Terms & Conditions

  • Investor must be 18 years old and above
  • Applicable to both individual and joint accounts
  • Only for eUnittrust.com.my’s clients
  • As part of our verification process, you are required to make fund transfer from own Malaysian bank account
  • Successful transfer from your own bank account would be invested into our cash management fund
  • Transfer from third bank account may risk your application of being rejected
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Disclaimer

Important information: This landing page has been prepared by Phillip Mutual Berhad on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated are accurate and the opinions are fair and reasonable, neither Phillip Mutual Berhad, nor any director or employee, shall in any way be responsible for any reliance placed on its contents. Past performance is not necessarily an indication to future performance. The price of the units and income distributions, if any, may go down as well as up. Returns may vary from year to year and is not guaranteed. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. THIS DOCUMENT IS NOT AN OFFER TO PURCHASE UNITS OF THE PHILLIP MASTER ISLAMIC CASH FUND. The Prospectus of the Fund dated 26th March 2018 has been authorised with the Securities Commission and it can be obtained from any of our sales offices and institutional sales agents as listed in the Prospectus. The Securities Commission is not liable for any non-disclosure on the part of Phillip Mutual Berhad, the management company responsible for the said Fund and takes no responsibility for the contents in this Prospectus. The Securities Commission makes no representation on the accuracy or completeness of this Prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. Any issues of securities/units to which the prospectus relates will be only made on receipt of a form of application referred to in and accompanying a copy of the Prospectus. Under all circumstances, investors are advised to read and understand the contents of the Prospectus and consider the fees and charges involved before investing in the unit trust fund. The Manager wishes to highlight the specific risks of the Fund are Interest Rate Risk, Credit/Default Risk, Inflation Risk and Liquidity Risk. These risks and other general risks are elaborated in the Prospectus. A Product Highlights Sheet is available and that investors have the right to request for a Product Highlights Sheet. The Product Highlights Sheet and any other product disclosure document should be read and understood before making any investment decision.