Public Bank’s wholly-owned subsidiary, Public Mutual, is launching a new fund named Public e-Islamic India Global Equity Fund (PeIIGEF) on 24 September 2024.

PeIIGEF aims to achieve capital growth over the long term by investing at least 30% of its net asset value (NAV) in the India market and the balance in the global markets. The Fund will invest 75% to 98% of its NAV in Shariah-compliant shares or Shariah-compliant securities equivalent to shares, with the balance to be invested in sukuk, Islamic money market instruments and Islamic deposits.

PeIIGEF seeks to leverage India’s strong economic growth potential, underpinned by higher investment and consumer spending. As one of the fastest-growing economies in the world, India’s real gross domestic product (GDP) grew by 8.2% in Fiscal Year (FY) 2024¹ and is projected to grow by 7.0%² in FY2025, supported by its increasingly technology-literate young and growing working-age population. Additionally, the Indian government has undertaken various initiatives and reforms to enhance the competitiveness of its manufacturing sector as well as boost domestic and foreign investments.

The Fund also seeks to tap into long-term growth opportunities in the global markets, while growth in the U.S. as well as selected European and Asian economies are envisaged to remain resilient.

The initial issue price for PeIIGEF is RM0.25 per unit during the 21-day initial offer period from 24 September to 14 October 2024. The minimum initial investment and the minimum additional investment amount is only RM100. In addition, investors will also enjoy a special sales charge of 3% when they invest RM30,000 and above per transaction or register for Direct Debit Authorisation (DDA) of at least RM100 into PeIIGEF during the initial offer period. Terms and conditions apply. Please visit our website at www.publicmutual.com.my for detailed information about the campaign.

All statements of transactions, investments and reports regarding PeIIGEF will be made available online to unitholders. Investors can obtain reports of the monthly/quarterly fund reviews and market outlook on Public Mutual Online (PMO). For more details on PeIIGEF, please get in touch with Public Mutual’s Unit Trust Consultants (UTCs) or visit any of Public Mutual or Public Bank’s branches nationwide.

Public Mutual is Malaysia’s largest private unit trust company, with more than 170 funds under its management. It is also an approved Private Retirement Scheme (PRS) provider, managing nine PRS funds. It has a total of 31 branches/customer service centres nationwide.

¹ Fiscal Year ending 31 March 2024
² Bloomberg consensus

Investors are advised to read and understand the contents of the Prospectus of Public e-Islamic India Global Equity Fund dated 24 September 2024 and the fund’s Product Highlights Sheet (PHS) before investing. Investors should understand, compare and consider the risks, fees, charges and costs involved in investing in the fund. A copy of the Prospectus and PHS can be viewed at our website. Investors should make their own assessment of the merits and risks of the investment. If in doubt, investors should seek professional advice. Please refer to our investment disclaimer.