Wednesday, 29 June 2022 - Employees Provident Fund (EPF) members with i-Akaun can now purchase AmInvest’s EPF-qualified unit trust funds via the EPF i-Invest platform. EPF i-Invest is a self-service online transaction platform which allows eligible EPF members to purchase, in a single transaction, up to eight unit trust funds from Fund Management Institutions (FMIs) approved by EPF.
“Through the EPF i-Invest platform, investors are provided with greater flexibility, functionality and convenience to invest into AmInvest’s EPF-qualified unit trust funds digitally. They can further optimize their savings potential by taking advantage of the lower front-end charge and diversifying their investments into local and international funds which are available via the platform,” said Ms. Goh Wee Peng, Chief Executive of AmInvest.
EPF members who are below 55 years old may invest up to 30% of the amount in excess of their Basic Savings in EPF Account 1. Basic Savings is a pre-determined amount set according to age in Account 1 to enable members achieve a minimum savings of RM240,000 when they reach age 55. For EPF members aged 55 and above, they are eligible to utilize and invest via EPF i-Invest using Akaun 55 or Akaun Emas by adhering to the requirement of maintaining a minimum of RM1,000 in the account.
Besides purchasing funds and monitoring their unit trust investments, EPF members can also perform transactions such as switching and redeeming, enquiring about their account balances, current value and transaction history, all at their fingertips. With the EPF i-Invest platform, EPF members can take control of their investments digitally and take charge of their financial future.
AmInvest is the brand name for the funds management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd, with more than 40 years of investing experience managing unit trust funds, wholesale funds, institutional mandates, Exchange Traded Funds (ETF) and Private Retirement Scheme (PRS); encompassing both conventional and Shariah-compliant funds. AmInvest is a multiple award-winning fund house - recently it was named the Best Pension Fund Manager, Malaysia (4 consecutive years) by Asia Asset Management1, Best Domestic Fixed Income Fund Manager 2020 by Employees Provident Fund (EPF)2 and Best Overall Asset & Fund Manager, Malaysia (4 consecutive years) by Alpha Southeast Asia3 respectively.
Sources & Notes:
1 Asia Asset Management Best of The Best Awards, January 2022
2 External Fund Managers Awards, October 2021
3 12th Annual Fund Management Awards, June 2021
