EPF will be launching new EPF e-Members Investment Scheme (e-MIS) i-Invest allowing the public to invest directly from EPF into unit trusts.
Updated: Aug 20, 2019
Contents
EPF e-MIS Highlights
- EPF (Employee’s Provident Fund a.k.a. KWSP) e-Members Investment Scheme (e-MIS) official announcement expected in August 2019. [Update: i-Invest officially launched on August 19, 2019]
- Expected most major Unit Trust (UT) IPDs (Institusi Pengurusan Dana) and 2 unit trust platforms (iFAST and Phillip Capital).
- e-MIS front-end charges as low as 0.5% (no longer 3.0%).
- e-MIS multiple withdrawals can be done within 3 months as long as within eligibility amount (no longer only 1 transaction every 3 months).
- e-MIS Akaun 55 and AkaunEmas can be withdrawn for the e-MIS UT investment. 1
- EPF will launch e-MIS mobile account (i-Akaun).
- EPF will not provide any assistance in choosing the fund. Please consult a licensed financial planner or licensed UT consultant.
EPF e-MIS Impact on Investors
- Investors now have a direct online e-channel for public to withdraw and invest in MIS (no longer need to walk-in at EPF branch).
- Investors can select which IPD (fund management company) or platform.
- Investors save estimated 2.5% on front-end charges (sales fee).
- Investors can now invest in many different funds instead of only 1 fund every 3 months.
- Investors with licensed UT financial advisors will have option to fill in advisor’s code.
FAQ
Q: What is the total amount I can invest?
A: Your EPF e-MIS withdrawable amount is based on a max 30% of amount in excess of Basic Savings (Min balance) in EPF Account 1.
(Source: EPF)
Q: What is the total amount I can invest across different funds?
A: Your EPF e-MIS withdrawable amount is based on the total of the funds you choose to invest in.
Q: Can I Invest in multiple funds at the same time?
A: Yes you select multiple individual funds from multiple fund houses. (However, you cannot buy a basket of unit trust funds as one.)
Q: What would I need to DIY for e-MIS?
A: Besides submitting all necessary processing, you will need to handle rebalancing/switching of funds, and restructuring your portfolio on your own (or with your advisor).
Q: Can investors opt to invest with manual MIS instead of online e-MIS?
A: Yes investors can still invest through MIS offline/physical forms instead of e-MIS.
Disclaimer: E&OE. May be subject to changes and updates pending official EPF announcement. This news was first broken by a local news publication. EPF logo and images are owned by EPF. Visuals and information shared are on fair usage for illustrative and information sharing purposes. This financial education site is NOT an agent or appointed third party of EPF. Please check with EPF directly for any information on EPF products and services.
As Salam & Salam Sejahtera.
Jika kita masih diberikan pilihan untuk gunakan e-MIS atau manual MIS….. kita masih ada harapan colleagues!
Hanya ditakuti pelabur2 tidak diberikan pilihan selain e-MIS ♂
Article di atas ada mentioned ke pelabur boleh ada pilihan?
Yang disebut adalah untuk memilih dana2 yang mana….. sila dapatkan nasihat dari licensed financial planners atau licensed UT consultants
Your clarification please on whether investors will be given choice to do investment via e-MIS or manual MIS through a licensed unit trust consultants concurrently.
Thank you.
Hi, want to clarify, does this mean that if an investors choose to invest via UTC the charges will only be 0.5% or the current 3% ? Just afraid my current UTC will not be servicing any longer considering the fees.
Are everyone prepared regards the funds and how they are going to achieve their financial freedom
just leave the money in EPF..it will grow by itself…