Mutual Funds
An investment that allows investors with similar investment goals and objectives to pool their money in a diversified portfolio.
A professional fund manager will manage and trade the pooled money in securities, such as stocks, Sukuk and money market instruments to match the fund’s investment objectives.
Eligibility
- Brunei Citizens / Permanent Residents / Foreign Citizens with valid work / student permit.
- Minimum age of 18 years old.
- Account holder of BIBD.
Requirements
Open BIBD Wakalah CA Trading Account (no initial deposit and minimum amount is required). This account will be used solely for the settlement of your trade with BIBD Securities and sale or income proceeds from your investments.
Required Documents
- Original identity card or passport.
- Original birth certificate (for dependent account)
How to apply
- Open a BIBD Wakalah CA Trading Account at any BIBD Branch.
- Visit BIBD Securities.
- Start investing.
Fees
- You may refer to our Schedule of Tariffs.
Benefits
Professional Management
Mutual fund is managed by professional fund managers who have the expertise, experience and resources to actively buy, sell, and monitor investments.
Affordability
Allow you to access investment opportunities, which may be too costly for you to invest as an individual.
Diversification
Mutual fund can invest in a wider range of assets such as cash, stock and Sukuk. The diversification allows you to reduce the risk of one particular stock or sector.
Liquidity
Provide you with easy access to your money with the redemption of the shares of mutual fund at a relatively short notice.
List of Mutual Funds
SNB Capital Funds
SNB Capital Asia Pacific Index Fund
SNB Capital Europe Index Fund
SNB Capital Global Health Care Fund
SNB Capital North America Index Fund
Franklin Templeton Shariah Funds
Franklin Global Sukuk Fund
Templeton Shariah Global Equity Fund
Arabesque Q3.17 SICAV
Arabesque Global ESG Momentum Flexible Allocation
LionGlobal Investment Funds II
Lion-BIBDS Islamic Enhanced Liquidity Fund
Lion-BIBDS Islamic Income & Growth Fund
Manulife Investment Management
Manulife Shariah Global REIT Fund
Monthly Investment Plan
A Monthly Investment Plan (MIP) allows you to grow your wealth gradually by buying units of mutual fund on a given date each month. You can take advantage of Dollar Cost Averaging by buying fewer units when the price is high and more units when the price is low. Investing a fixed amount every month over a period of time manages market risks and fluctuations and allows you to benefit over time.
Below illustration shows you the benefits of Dollar Cost Averaging.
Assuming you invested a lump sum of $1,000 in Month 1 and $200 every month into a MIP for 5 months. The average unit cost of MIP is lower than lump sum investment.
| Month | Price per Unit | Lump Sum Investment | MIP | |||
|---|---|---|---|---|---|---|
| Units Purchased | Invested Amount | Units Purchased | Invested Amount | |||
| 1 | $10 | 100 | $1,000 | 20 | $200 | |
| 2 | $8 | - | - | 25 | $200 | |
| 3 | $6 | - | - | 33.3 | $200 | |
| 4 | $8 | - | - | 25 | $200 | |
| 5 | $5 | - | - | 40 | $200 | |
| Total | 100 | $1,000 | 143.3 | $1,000 | ||
| Average Unit Cost | $10 $1,000 ÷ 100 units | $6.98 $1,000 ÷ 143.3 units | ||||
* For illustration purposes only
Wakalah
You appoint BIBD Securities as your Wakil (Agent) under the Shariah contract of Wakalah, to purchase, sell, switch or transfer mutual fund on your behalf. As an agent, BIBD Securities is entitled to a Wakalah fee.
Refer to the relevant Mutual Fund’s Prospectus for more information on the investment risks.
- Minimum BND1,000 in the respective fund currency for lump sum investment.
- Minimum BND100 in the respective fund currency for Monthly Investment Plan.
Please read this Product Disclosure Sheet before you decide to invest in mutual fund.
Click to view the Terms and Conditions of Mutual Fund.
Disclamer:
This is not a prospectus but an advertisement and investors should not subscribe for any securities referred to in the advertisement except on the basis of information in the prospectus.