EPF members can purchase AmInvest unit trust funds via i-Invest

EMPLOYEES Provident Fund (EPF) members with i-Akaun can now purchase AmInvest’s EPF-qualified unit trust funds via the EPF i-Invest platform. 

“Through the EPF i-Invest platform, investors are provided with greater flexibility, functionality and convenience to invest into AmInvest’s EPF-qualified unit trust funds digitally. 

They can further optimise their savings potential by taking advantage of the lower front-end charge and diversifying their investments into local and international funds which are available via the platform,” said AmInvest chief executive Goh Wee Peng in a statement today.

EPF members who are below 55 years old may invest up to 30% of the amount in excess of their Basic Savings in EPF Account 1. 

Basic Savings is a pre-determined amount set according to age in Account 1 to enable members to achieve a minimum savings of RM240,000 when they reach age 55. 

For EPF members aged 55 and above, they are eligible to utilise and invest via EPF i-Invest using Akaun 55 or Akaun Emas by adhering to the requirement of maintaining a minimum of RM1,000 in the account.

Besides purchasing funds and monitoring their unit trust investments, EPF members can also perform transactions such as switching and redeeming, enquiring about their account balances, current value and transaction history, all at their fingertips. 

EPF i-Invest is a self-service online transaction platform that allows eligible EPF members to purchase, in a single transaction, up to eight unit trust funds from Fund Management Institutions approved by EPF. — TMR / pic by TMR