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Thursday, 17 February 2011

Is there any exit fee when an investor withdraws his units?

Is there any exit fee when an investor withdraws his units? 


No, there is no withdrawal fee charged except for the following funds:
  • CIMB-Principal Lifecycle Funds
    Up to 1.0% - A Withdrawal Fee of up to 1.0% of the NAV per unit is levied on a withdrawal made within two (2) years from the date the investment is accepted by the Manager. The Withdrawal Fee may differ between distribution channels. All Withdrawal Fees borne by Unit holders will be retained by the relevant Funds.
     
  • CIMB Islamic Kausar Lifecycle Funds
    Up to 1.0% - A Withdrawal Fee of up to 1.0% of the NAV per unit is levied on a withdrawal made within two (2) years from the date the investment is accepted by the Manager. The Withdrawal Fee may differ between distribution channels. All Withdrawal Fees borne by Unit holders will be retained by the relevant Funds.
     
  • CIMB-Principal Multi-Maturity Income Fund 1 (formerly Multi-Maturity Income Fund 1)
    Up to 2.0% - A withdrawal fee of up to 2.0% is chargeable on unscheduled redemptions. Unscheduled redemptions results from investors’ interest to withdraw their investments prior to the Fund’s predetermined scheduled withdrawals. Withdrawal fee will be 2.0% for the first year and will decline by 0.40% every year thereafter.
     
  • CIMB-Principal Opportunistic Bond Fund
    Up to 3.0% - A penalty of up to 3.0% of the NAV per unit is chargeable on any withdrawal made prior to the Maturity Date. All Penalty borne by Unit holders will be retained by the Fund.
     
  • CIMB-Principal Strategic Income Bond Fund
    A Withdrawal Penalty of up to 3.0% of the NAV per unit is chargeable on any
    withdrawal made prior to the Maturity Date. All Penalties borne by Unit holders will
    be retained by the Fund.
Payment will be paid in RM within ten (10) calendar days.

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