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BSN Dana Al-Jadid


Fund name BSN Dana Al-Jadid
Fund type / Category: Islamic Malaysian Equity / Growth & Income
Min initial investment: RM500
Investment Objective The Fund aims to achieve capital appreciation and income distribution by investing in equity and equity-related securities that comply with Shariah requirements.
*Note: The primary focus is to offer capital growth.
Approved Fund Size 800 million units
Financial Year End 31 December
Fund Manager Permodalan BSN Berhad
The Trustee Amanah Raya Trustee Berhad
Asset Allocation A minimum of 70% of the NAV of the Fund in Shariah-compliant equities and equity-related securities - 0%-30% of the NAV of the Fund in sukuk and islamic money market instruments.
Distribution Policy Subject to the availability of income, the Manager will distribute income once a year
Benchmark

a) FTSE Bursa Malaysia EMAS Shariah Index (FBMSHA), based on percentage change of FBMSHA for the period under review.

b) If temporary defensive position is applied - 50% FBMSHA + 50% 12-month Maybank GIA Tier II rate. 50% of the benchmark performance is calculated based on the percentage change of the FBMSHA while the other half is based on the yield of 12-month Maybank GIA Tier II rate for the period under review.

Sales Charge per Unit 3.00% of the NAV per Unit
Transfer Fee A fee of Rm10.00 per transfer is imposed on Unit Holders for any requests to transfer Units
Redemption Charge The Manager does not intend to impose any redemption charge
Management Fee 1.50% per annum of the NAV of the Fund calculated and accrued on a daily basis
Trustee Fee 0.08% per annum of the NAV of the Fund subject to a minimum of RM18,000 per annum calculated and accrued on a daily basis (excluding foreign custodian fees and charges, if any)
Minimum Initial Investment RM500
Min.Subsequent Investment RM100