is this mutual fund or what? is it covered by PIDM?
ICT Zone Ventures - 8% p.a. yield, Highly not recommended to invest
ICT Zone Ventures - 8% p.a. yield, Highly not recommended to invest
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Aug 17 2011, 12:13 PM
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#1
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Junior Member
31 posts Joined: Oct 2010 |
is this mutual fund or what? is it covered by PIDM?
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Aug 17 2011, 02:06 PM
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#2
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Junior Member
31 posts Joined: Oct 2010 |
QUOTE(spikyz @ Aug 17 2011, 01:20 PM) Lets read first and discuss. What i found. so is it safe to invest? is it too good to be true? 8% nett per annum for 9 years till 20201. What is the minimum investment value per unit? They are referred to as ICT Interests and the minimum investment value per ICT Interest is RM5,000. 2. Is there a limit to the number of units that I can invest? No, there is no limit to the number of ICT Interests that you can invest. 3 . Is there a buy-back guarantee? Yes, there is a buy-back of ICT Interests after a three-year lock-in period. 4 . How safe is my investment? A scheme trustee approved by Bank Negara and Suruhanjaya Syarikat Malaysia - My Premier Trustee (Malaysia) Berhad [719395-T], has been appointed to oversee the Scheme and your capital is protected by a cumulative nine-year Redemption Reserve Fund managed by the approved scheme trustee. An independent consultant, PKF Accountants (AF 0911) has been appointed to audit the Scheme every six months to ensure its governance and transparency. Added on August 17, 2011, 1:22 pm |
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Aug 18 2011, 01:03 PM
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#3
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Junior Member
31 posts Joined: Oct 2010 |
so is this good to invest?
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