Public Mutual's latest fund called the Public e-Islamic Sustainable Millennial Fund is the latest series of funds launched in November.
This is the first time I've seen a fund designed for Millennial generation in mind. Basically it tries to fit into the lifestyle and financial situation of the millennial youths.
Low entry point
Generally most mutual funds/unit trusts requires minimum RM1,000 as starting investment. This fund only requires RM100 as a starting investment. Very suitable for cash strapped millennial generation and in tune with the microsavings trend. E-series funds are funds that have low minimum investment requirements, statements only available online and can only be bought via PMB online portal.
Investing in sustainable companies
In line with Millennial trend of buying labels that are green and kind to earth, this fund also takes into account these challenges before investing in the company.
Do note that this is an Islamic fund so it will not invest in hotels, cigarette companies, beer companies no matter how sustainable the company is. What I like about this fund is the low entry point and also the prospectus shows that it will invests in ecommerce companies which in my opinion are in a growth spurt (think Lazada, Shopee and Amazon).
I'm testing water 1st and was able to put in initial funds below RM1,000.
