Maybank, one of the leading local banking institutions today has introduced a new quick and easy investment feature called Goal-Based Investment. This feature can be seen in the latest update of the MAE application and also the Maybank2U website.
Users can choose to invest based on specific investment goals, including retirement, education and even increasing personal wealth. After activating the share trust unit account through your Maybank account, you can choose to start your investment journey by investing an initial contribution of as little as RM200 into the investment fund you want.
Depending on your risk appetite, you can invest your money in a stable or risky portfolio if you want to try to get a higher investment return. Apart from conventional portfolios, Maybank even offers investments into shariah-compliant portfolios if you want.
Syed Ahmad Taufik Albar, Chief Executive Officer of Maybank's Community Financial Services Group said that the Bank understands that those who are just starting to invest can be nervous and may not know where to start, while some may worry about the high fund management or processing fees.
Maybank Goal-Based Investment helps overcome these barriers by making investment accessible and affordable to everyone, requiring only a low amount of investment and providing a guided experience through a digital banking platform.
In fact, Maybank offers flexible contributions without commitment and penalties or restrictions and if you do not feel comfortable with the investment being made, you can change your risk appetite to change to a more stable financial portfolio at any time.
As said before, both conventional and Shariah-compliant funds are available, while the total sales charge is set at a maximum of 1.5 percent. From now until June 25, 2024, customers can also enjoy 0 percent sales charges on their initial investment.