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BSN Dana Dividen Al-Ifrah

 

Fund name BSN Dana Dividen Al-Ifrah
Fund type / Category: Income / Islamic Equity
Min initial investment: RM500
Investment Objective The Fund seeks to provide consistent income* by investing in Shariah-compliant equities with attractive dividend ** yield and/or potential dividend yield.
*Note:- Distribution of income will be done by way of reinvestment into additional Units.
**Note:- "attractive dividend" refers to stocks of companies which have provided an average gross dividend of at least 3% for the past 3 years from the latest financial year. 
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 will be invested in Shariah-compliant equities listed on Bursa Malaysia. The balance of the NAV that is not invested in Shariah-compliant equities listed on Bursa Malaysia will be invested in Islamic money market instruments, Islamic deposits and any other form of short-term investments/instruments which are Shariah-compliant.
Distribution Policy Subject to the availability of income, the Manager will distribute income once a year
Benchmark

FTSE Bursa Malaysia EMAS Shariah Index (FBMSHA) Source : www.bursamalaysia.com

Sales Charge per Unit 4.50% 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 0.06% 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