Kenanga Investment Bank Robo Advisor 🤖 2022 New Kid on the Block - KDI by Kenanga Invite Code 👉🏼 100162
Robo-advisors or robo-advisers are a class of financial adviser that provide financial advice and investment management online with moderate to minimal human intervention
Kenanga Investment bank's digital investing app is the latest robo advisor (approved by Securities Commission Malaysia) to be launch in year 2022. The most recent robo advisor launched was last year was Akru , by ex BFM's Julian Ng. The Kenanga robo advisor is called KDI (Kenanga Digital Investing). Interestingly also, Rakuten Trade is a joint partner of Kenanga Investment Bank.
I haven't done much research on this KDI robo advisor yet, I've just done the sign ups online , just needed to upload front and back copy of IC, then answer a series of queries and my application got approved within the same day. From what I read from news is it has 2 products KDI Save and KDI Invest. I sign ed up using the web version of the website but they have mobile app also.
KDI Save is a cash management fund (money market) fund. The indicative return for KDI Save is 2.25% per annum but they are having a promotional rate of 3.00% until December 2022.
Fees (management fees) are free for investments less than RM3,000. Above this limit, a management fee between 0.3% to 0.7% per annum will be charged. Minimum initial investment is RM250. Minimum age to open is 18 years old. Minimum withdrawal amount is RM10 for KDSave and RM100 for KDInvest.
KDI Invest on the other hand offers access to clients to US based ETFs (Exchange Traded Funds) but is dominated in RM. Therefore do expect fluctuations of USD/MYR exchange rates to affect the performance of the robo advisor (eg Forex gains and losses).
From the interface shown, I have yet to see anything that sets it apart from its peers yet. I will park some funds here in a few days time to test out this robo advisor.
🤖Updates 20220217
I just deposited the minimum amount into KDI Save (RM100) and KDI Invest (RM250). Transaction can be done using FPX/Interbank. Let this be the start of my investment journey on KDI robo advisor. Deposits are made into trust account Pacific Trustees.
🤖Updates 20220218
My KDI Save gave a 1 cent interest overnight. KDI Invest still not moving, I suppose the funds are in the process of being invested in US ETFs.
🤖Updates 20220220
KDI Invest is active now with slight negative returns due to initial costs investing into ETFs. My risk profile for KDI Invest is "Balanced". This is the assigned risk profile given by the robo advisor after I answered the series of investor risk profile questionnaire.
I'm not able to see which ETF the robo advisor invests in only the asset allocation and geographical allocation.
🤖Updates 20220222
I topped up another RM500 into KDI Invest. Might not be a good time considering Russia and NATO going to war but I think markets have been beaten down a bit already (US markets). Robo advisor type of investments are quite similar to mutual fund/unit trusts, require dollar (RM) cost averaging over time. The future is always uncertain and nobody can time the market. I'm planning to put like ~RM100 RM200 into KDI Save this month more like a savings plan for me.
🤖Updates 20220302
Time files, march is here and I got a bit of beginner's luck after topping up. Portfolio now in positive territory despite the ongoing Russia invasion of Ukraine.
🤖Updates 20220324
Topped up further my salary to KDI robo. At the moment markets are very uncertain, seem to be beginners' luck or the market is doing a dead cat bounce.
🤖Updates 20220404
So far so good.
Meanwhile in the news, the robo advisor has 100 million assets under management already. That's a big milestone for KDI.
🤖Updates 20220518
World markets getting jittery after Fed interest rates hikes and war in Ukraine makes made my KDI Invest to go into red a bit, I've however topped up KDI save to capitalized on the promotional 3% interest which will end in Dec 2022.
I was monitoring the portfolio on mobile and was happy that my KDI Invest portfolio turned slightly positive recently, partly also due to 1-2 successful referrals. It's no point finding the exact market bottom but better to just do DCA (dollar cost averaging). As for KDI Save, its attractive 3.0% per annum interest rate (valid until Dec2022) is the pulling factor for me to divert my cash into it.
🤖Updates 20220815
I've increased investments into KDI Save a lot to capitalized on the 3% per annum interest rates. In this rising interest rates environment, banks interest rates seems to be catching up with KDI Savé's interest rate.
🤖Updates 20230127
KDI Invest has turned Red for now, the weakening of the USD/MYR is also contributing to this. KDI Invest hedges USD (under currency). Its equities portfolio is fund of funds so I think it's still quite solid despite being in negative territory for now.
Fixed income side is also in US dollars so fluctuations in the US dollar will affect returns.
📍📧Kenanga KDI Robo Advisor Support Email
digitalinvesting@kenanga.com.my
📍Links
https://app.digitalinvesting.com.my/registration/signup?referral_code=100162
https://digitalinvesting.com.my/
https://fintechnews.my/30684/ai/kenanga-robo-advisor-digital-investing
📍Mobile App Download
Google Play Store: https://bit.ly/KDIYoutubeGPS
Apple App Store: https://apple.co/3HR6XgL
📌👉🏼👉🏼Kenanga Robo advisor referral sign up link
Kenanga Investment Bank launched their robo advisor this week. They have a referral (friend refer friend) program currently so you can sign up with my invite link.
https://app.digitalinvesting.com.my/registration/signup?referral_code=100162
Each of us gets RM10 when RM250 invested in Kenanga ETF via the app. My invite link is here.
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