{"id":51892,"date":"2022-03-10T17:05:11","date_gmt":"2022-03-10T09:05:11","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=51892"},"modified":"2024-02-05T16:55:30","modified_gmt":"2024-02-05T08:55:30","slug":"kenanga-digital-investment","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/kenanga-digital-investment","title":{"rendered":"Simplify How You Save And Invest With This Robo Advisor"},"content":{"rendered":"

In partnership with \"\"<\/a><\/strong><\/p>\n

Investing used to involve making appointments with financial planners, driving through traffic to meet them and it may even take several meetings before you can even get started. Not to mention having to come up with a big sum of money you need to put aside, often thousands of ringgit or more before you can actually invest.<\/span><\/p>\n

Today, there is a simpler way to start investing – with a robo advisor. This is a great alternative to traditional investment options especially if you are new to investing. For most of us who are not looking to be professional investors but just looking for ways to grow our wealth, a robo advisor is a less intimidating way to start.<\/span><\/p>\n

Which bring us to the next question, which robo advisor should you try? Choosing the right one which suits your needs starts with knowing what to look for before you commit your time and money to it.<\/span><\/p>\n

<\/span>What to consider when choosing a robo-advisor<\/b><\/span><\/h2>\n

While robo advisory services have been around for over a decade, they officially entered Malaysia when the Securities Commission issued licenses in 2018. Today, there are several robo advisory platforms registered in Malaysia.<\/span><\/p>\n

A robo advisor is like your automated investment manager which you give your instructions through a digital investment platform. However, you still need to pay fees for this investment service so it\u2019s best to know what you need, whether you are looking for lower fees, minimum balances, portfolio rebalancing or access to certain funds before you pick one.<\/span><\/p>\n

Here’s a quick checklist to help you find the best robo advisor for your investment needs.\u00a0<\/span><\/p>\n

    \n
  1. \n

    Management Fees<\/strong><\/h3>\n<\/li>\n<\/ol>\n

    In general, local robo advisors\u2019 fees range from 0.2% to 0.8%. Besides management fees, there may also be annual fees and these fees may vary depending on the type of investments in your portfolio.<\/span><\/p>\n

      \n
    1. \n

      Minimum\/initial investment\u00a0\u00a0<\/strong><\/h3>\n<\/li>\n<\/ol>\n

      Some platforms start as low as RM5 while others start from RM100. Either way, they are all extremely affordable. Which is why depending on what you are using the robo advisor for, having a low or flexible minimum investment amount may work better to your advantage when you want to start investing.<\/span><\/p>\n

        \n
      1. \n

        User features<\/strong><\/h3>\n<\/li>\n<\/ol>\n

        Check on the portfolio allocation options, and the type of technology used by the robo advisor to manage your investments. Can the robo advisor connect to your local bank and allow you to easily switch, buy or sell your investments?<\/span><\/p>\n

          \n
        1. \n

          Licensing<\/strong><\/h3>\n<\/li>\n<\/ol>\n

          Finally, all robo advisors in Malaysia are regulated by the Securities Commission (SC) and must be licensed to provide robo advisory services.\u00a0<\/span><\/p>\n

          <\/span>So which robo advisor should you choose?<\/b><\/span><\/h2>\n

          If you want low or even zero management fees, interested to buy, switch, and sell your investments at no cost and start with just a few hundred ringgit, <\/span>Kenanga Digital Investing<\/span><\/a> (KDI) checks all the boxes.<\/span><\/p>\n

          Let\u2019s have a closer look at the products offered under the KDI umbrella, KDI Save and KDI Invest.<\/span><\/p>\n

          \"Kenanga<\/a>

          Image source: Kenanga Digital Investing<\/p><\/div>\n

          KDI Save<\/b><\/h3>\n

          KDI Save<\/span><\/a> is a Cash Management Fund (CMF) that is designed to help you save money and provide fixed returns, while also offering you the flexibility to deposit and withdraw your money at any time without any penalties.<\/span><\/p>\n

          Here are the highlights of KDI Save you should know:<\/span><\/b><\/p>\n