How do I withdraw money from Kenanga?
Yes, you can make cash withdrawals with the Card at
- Submit the form to your servicing adviser or;
- Submit the form at our HQ in Jalan Tun Razak or at any KIB branches nearest to you or;
- Email to investorservices@kenanga.com.my and send the original form to our HQ within 5 working days of the submission date.
How long will it take to get my KDI Invest and/or my KDI Save funded? For online deposits, it will take up to 1 to 2 working days for KDI Save to reflect the funds deposited from the daily cut-off time of 11 am every working day.
- Online Payment via KenTrade FPX services.
- JomPAY.
- Interbank Transfer.
- Cash/Cheque deposit via ATM/bank counter/Kenanga branches.
Online brokerage is fully negotiable and our standard brokerage rates are 0.42% or minimum RM28 per contract. Other charges are stamp duty (0.1% round up) fees and clearing fees (0.03%). Standard GST of 6% is applicable to brokerages and clearing fees.
Utilizing a Broker or Distributor
Contacting your broker and requesting a withdrawal are options. You must complete and submit a withdrawal request form if you want to withdraw offline. The state would be given to the Asset Management Company by the broker.
If you have purchased your mutual fund units through your personal demat account, the process here is straightforward. Investors can simply log in to a securities account through the internet (or through the bank or financial institution's mobile application) and make an application for redemption.
In the case of Kenanga Investment Bank Berhad, it has a TSR of 77% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
Your KDI funds are safe and secure
Rest assured, your KDI Save and KDI Invest funds are secure and unaffected by the SVB crisis. Kenanga Digital Investing (KDI) has no relationship with SVB.
| Tier | Investment Amount (RM) | Effective Annual Rate (%) * |
|---|---|---|
| Tier 1 | RM0.00-RM50,000.00 | 4.0% |
| Tier 2 | RM50,000.01 to RM200,000.00 | 3.5% |
| Base Tier | RM 200,000.01 and above | 3.0% |
What is the minimum investment in Kenanga?
| Portfolio objective | To deliver potential consistent return through investments in Kenanga Investors Berhad approved money market, fixed income and equity unit trust funds. |
|---|---|
| Investment | Cash |
| Minimum initial investment | RM5,000 |
| Minimum Top up Investment | RM1,000 |
| Underlying Investments | Kenanga Investors Berhad funds |
The maximum brokerage that can be charged by a broker has been specified in the Stock Exchange Regulations and hence, it may differ from across various exchanges. As per the BSE & NSE Bye Laws, a broker cannot charge more than 2.5% brokerage from his clients.
The amount charged by a brokerage firm for its services can vary greatly. Some firms may charge a flat fee for their services, while others may charge a percentage of the overall value of the transaction. The average fee charged by brokerage firms is typically between 1% and 2% of the total transaction value.
Use an ATM
Every ATM is slightly different but you simply insert your debit card, enter your PIN (personal identification number), select the account you wish to withdraw money from (if you have more than one), enter the amount, and then wait for the ATM to give you your cash and a receipt.
- Use a Withdrawal Slip. If you're near an open branch of your bank or credit union, this is one of the easiest ways to get cash. ...
- Cash a Check at Your Bank. ...
- Cash a Check at a Retailer. ...
- Use a Cardless ATM. ...
- Use Your Digital Wallet. ...
- Use a Check-Cashing Service.
In order to withdraw money from your brokerage account, you will have to visit the app or website of your brokerage firm and look for a 'withdraw funds' option. Upon clicking this, money will be credited to your bank account within a certain duration.
Mutual Fund Redemption Time is as follows: When you redeem your mutual fund, you will typically receive your unit's funds within 1 to 3 working days. If you redeem a debt-related fund or a liquid fund, you will get your money within 1 to 2 working days.
Most mutual fund investments are open-ended investments - that is money can be invested or redeemed at any time without restrictions.
The mutual fund withdrawal process involves submitting a redemption request through the fund house's online portal or physical form, specifying the number of units or amount to be redeemed, followed by the crediting of funds to the investor's registered bank account.
- Best Equity Malaysia Diversified – Malaysia Provident Funds over 10 Years. Kenanga Malaysian Inc Fund.
- Best Mixed Asset MYR Flexible – Malaysia Provident Funds over 3 Years. ...
- Best Mixed Asset MYR Flexible – Malaysia Provident Funds over 5 Years. ...
- Best Mixed Asset MYR Flexible – Malaysia Provident Funds over 10 Years.
Why choose Kenanga?
Kenanga provides conventional and Shariah-compliant investment management and portfolio management solution ranging from collective investment schemes, private retirement scheme, portfolio management services and alternative investments for retail, corporate and institutional clients.
Established for more than 45 years, Kenanga Investment Bank Berhad (the Group) is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing with strong ...
You can make online deposits by logging into your KDI account where you will be able to transfer funds from your bank account via FPX. A minimum deposit of RM250 is required for KDI Invest while and a minimum of RM100 is required for KDI Save.
| Company | Revenue (TTM) | Employees |
|---|---|---|
| Kenanga Investment Bank Bhd | 333.31m | 1.36k |
| Crest Ventures Ltd | 85.53m | 118.00 |
| Asia Plus Group Holdings PCL | 336.43m | 613.00 |
| Chayo Group PCL | 193.36m | 189.00 |
The Edge has recently published an article entitled A better future for the silver-haired generation, features insights from CEO and Executive Director of Kenanga Investors Berhad Datuk Wira Ismitz Matthew De Alwis, who was a panelist for the fireside chat on the state of retirement in Malaysia.
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