has just launched its Goal-Based Investment feature which aims to make it easy for Malaysians to get started in long-term investment while boosting financial literacy and education. Available on theand Maybank2u website, the GBI feature aims to empower users to achieve their financial goals through a seamless digital experience. The entire process can be done on the app and you won’t need to visit a physical branch.
At the moment, the 0% sales charge is offered until 25th June 2024 and Maybank says its fees are competitive between 0-1.5% sales charge. GBI will offer both conventional and Shariah funds, but at the time of writing, only Shariah funds are available. Existing MAE customers can get started almost immediately and new investors are required to create a new Unit Trust account which can be activated digitally in just a few taps. Once that’s done, they can choose their portfolio based on their risk appetite and then create a goal for their investment.
When setting goal for education, you can even select the type of course and the targeted country. As expected, the set goal to study in the UK versus Malaysia and Singapore. You can try the simulator on Maybank’s
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