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  AmanahRaya Islamic Cash Management Fund (ARICMF)

Fund Name
 AmanahRaya Islamic Cash Management Fund
Fund Category
 Wholesale Islamic Money Market Fund
Fund Type
 Income
Approved Size (units)
 1.518 billion
NAV per unit during IOP
 RM1.0000
Financial Year End
 30th September
Investment Objective
 The Fund seeks to provide investors with a regular income stream and high level of liquidity to meet cash flow requirements while maintaining capital preservation.
Asset Allocation
 The Fund may invest up to 100% in short-term Islamic financial instruments with maturity of not more than 365 day. Up to 10% of the NAV of the Fund may be invested in short-term Islamic fixed income instruments, Islamic money market instruments and Islamic Negotiable Instrument of Deposits with remaining maturity exceeding 365 days but no longer than 732 days.
Benchmark
 Maybank Islamic Overnight Repo Rate (obtainable from www.maybank2u.com.my)
Investment Strategy
 The Fund shall invest up to 100% of its NAV in a diversified portfolio of good value short-term Islamic financial instruments carrying a minimum credit rating of AA3/P1 (RAM or equivalent) and Islamic money market instruments, including Islamic Negotiable Instrument of Deposits, Islamic Accepted Bills, Islamic commercial papers and an equivalent form of Shariah based deposit with licensed financial institutions.
Investor’s Profile
 The Fund is primarily suitable for low risk investors who are generally conservative, risk averse and prefer a short-term investment.
Principal Risks of Investing in the Fund
  • Market risk
  • Credit/ Default risk
  • Interest rate or Price risk
  • Liquidity risk
    		•
    Sales Charge
    (% of NAV per unit)
    		 Nil
    Other Charges
    		 Any applicable bank charges and other bank fees incurred as a result of purchasing or withdrawal of units will be borne by the investor.
    Switching Fee
    		 At the Manager’s discretion.
    Transfer Fee
    		 Not applicable
    Redemption Fee
    		 Nil
    Management Fee
    		 Up to 0.5% per annum of the NAV of the Fund.
    Trustee Fee
    		 Up to 0.08% per annum of the NAV of the Fund, subject to a minimum of RM18,000 per annum.
    Fund Expenses
    		 These include audit fee, tax fee and administration expenses.
    Minimum Initial Investment
    		 RM100,000 (to be paid via Telegraphic Transfer – payable to “AmanahRaya Investment Management Sdn Bhd”).
    Minimum Units Held
    		 500,000 units
    Minimum Additional Investment
    		 RM1,000 (to be paid via Telegraphic Transfer – payable to “AmanahRaya Investment Management Sdn Bhd”).
    Frequency and Minimum Units Redeemed
    		 Minimum 10,000 units or RM 10,000 whichever is higher.
    Period of Payment of Redemption Proceeds
    		 Next Business Day after the redemption application is received by the Manager at or before 10.30 a.m. on a Business Day. Any redemption received after the cut-off time will be considered to be received on the next Business Day.
    Switching Facility
    		 At the Manager’s discretion.

    Switching from Shariah based unit trust funds to conventional funds is discouraged, especially to Muslim unit holders.
    Transfer Facility
    		 Transferred is prohibited.

    Distribution Policy

    		 The Fund endeavors to distribute income on a monthly basis by way of reinvestment in the form of additional units.
    The Manager
    		 AmanahRaya Investment Management Sdn Bhd
    The Trustee
    		 PB Trustee Services Berhad
    Past earnings or the Fund’s distribution record is not a guarantee or reflection of the Fund’s future earnings/ future distribution. Unit prices and distributions payable, if any may go down as well as up.

    Prospective Unit Holders should read and understand the contents of the Information Memorandum and, if necessary, should consult their adviser(s).

    There are fees and charges involved and investors are advised to consider the fees and charges before investing in the Fund.

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