EPF Releases Revised List Of Unit Trust Funds For 2024/2025
KWASA DAMANSARA, 2 APRIL 2024: The Employees Provident Fund (EPF) has released its Revised Qualified List of unit trust funds under the EPF Members Investment Scheme (EPF MIS), effective 1 April 2024.
Under the EPF MIS, there are 296 approved funds from 18 Fund Management Institutions (FMIs). Based from the annual evaluation as at 31 December 2023 position, 189 funds met the minimum qualifying criteria and are qualified to be offered to EPF members for 2024/2025 offering period. Of the qualified funds, 151 funds, or 79.9%, are local funds; 107 funds (56.6%) are equity funds; and 76 funds (40.2%) are Shariah funds.
EPF Chief Investment Officer Rohaya Mohammad Yusof said, “The EPF continues to provide option and flexibility for qualified members toexplore wider investment opportunities through EPF-appointed Fund Management Institutions. This scheme enables qualified members to diversify a portion of their EPF Account 1 fund into qualified unit trust funds offered for investments in local and global markets to enhance their retirement savings.
“The list includes Sustainable and Responsible Investment-based (SRI) unit trust funds to play a role in driving sustainable investment agenda at the EPF as we empower members to make informed investment decisions through a wide range of funds,” she added.
The funds approved under the EPF MIS are evaluated annually based on EPF’s established criteria approved by the Ministry of Finance. The two qualifying criteria for funds evaluation includes the consistency of performance and its relative performance against benchmark. The qualifying threshold set for these criteria are reviewed from time to time in order to ensure only funds with the highest quality are listed.
The list of qualified unit trust funds offered for the period of 2024/2025 are detailed in Table 1 as follows:
Table 1: List of Funds and FMIs by Category
Fund Category |
2023/2024 (As at 31 March 2024) |
2024/2025 (Effective 1 April 2024) |
||
Qualified Funds |
FMIs |
Qualified Funds |
FMIs |
|
Equity |
108 |
15 |
107 |
14 |
Mixed Assets |
47 |
13 |
50 |
14 |
Bond |
15 |
6 |
14 |
6 |
Money Market |
19 |
12 |
18 |
11 |
Under the EPF MIS, members are given the option to invest with the FMIs up to 30% of the amount in excess of their EPF Account 1 savings. This includes investing with Unit Trust Management Companies and Private Mandate Companies, depending on their eligibility based on the Basic Savings Quantum (refer to Table 2).
“Since the launch of the i-Invest platform in 2019, around RM2.5 billion has been transacted as at December 2023. The EPF encourages more members to take advantage of the i-Invest facility following enhancements to the platform made early this year that enabled transactions for private mandate portfolios. The enhancements allow members to transact approved private mandate portfolios, in addition to qualified unit trust funds offered currently, on the i-Invest platform.” said Rohaya.
She added, that the private mandate portfolios and unit trust funds under the EPF MIS provided flexibility for members to delegate their investments to professional asset managers based on their individual investment objectives, preferences and risk tolerance. Members can easily transact through i-Invest where the initial sales charge payable by members to FMIs is capped at 0.5% per buy transaction.
Members are advised to exercise caution when making any investment decision and seek the right information or professional advice before committing to any transactions. Members may consult the EPF’s Retirement Advisory Service, available at any EPF branch nationwide, prior to participating in MIS. While EPF has approved these funds, it neither endorses nor recommends any individual fund for members to invest in.
For the full list of funds offered under each appointed FMI, members may refer to the EPF website at https://www.kwsp.gov.my/member/savings/i-invest.
Table 2: EPF Basic Savings
AGE |
BASIC SAVINGS QUANTUM |
AGE |
BASIC SAVINGS QUANTUM |
18 |
2,000 |
37 |
68,000 |
19 |
4,000 |
38 |
74,000 |
20 |
6,000 |
39 |
80,000 |
21 |
8,000 |
40 |
86,000 |
22 |
10,000 |
41 |
93,000 |
23 |
13,000 |
42 |
101,000 |
24 |
15,000 |
43 |
108,000 |
25 |
18,000 |
44 |
116,000 |
26 |
21,000 |
45 |
125,000 |
27 |
24,000 |
46 |
134,000 |
28 |
27,000 |
47 |
144,000 |
29 |
31,000 |
48 |
154,000 |
30 |
35,000 |
49 |
164,000 |
31 |
39,000 |
50 |
175,000 |
32 |
43,000 |
51 |
187,000 |
33 |
47,000 |
52 |
199,000 |
34 |
52,000 |
53 |
212,000 |
35 |
57,000 |
54 |
226,000 |
36 |
62,000 |
55 |
240,000 |
Issued by the EPF Media Desk
Corporate Affairs Department
2 April 2024
About the Employees Provident Fund (EPF)
The Employees Provident Fund® (EPF®) is Malaysia’s premier retirement savings fund, helping its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s vision to help members achieve a better future and its mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from a transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.