At the moment, KDI products are not Shariah-compliant but they are hoping to offer Shariah-compliant products in the future.offers daily returns and zero management fees. There’s no lock-in period and according to KDI, you can cash out to your bank account within 1-2 days. You can start saving from RM100, and you can top-up your savings subsequently in increments of RM10.
As part of its introductory promo, KDI Save now offers a 3.0% per annum fixed interest rate until the end of the year. The rate is definitely higher than your typical savings account or fixed deposit. According to the T&C, the promo 3.0% per annum interest rate for KDI Save is applicable up to RM200,000. The return rate for any investment above RM200,000 has a lower return rate of 2.25% per annum.
Most investment products offered by robo-advisors would typically charge a management fee. KDI says because they are confident in their AI, they are allowing customers to invest up to RM3,000 with zero fees. For higher investment amounts, KDI claims to offer the lowest fees in town with fees ranging between 0.3% to 0.7% per annum, versus the 1.5% annual management fees charged by other conventional asset management products.
Utilising AI technology, KDI says there is minimal human intervention that can be affected by human elements such as emotions and the lack of ability to process a large volume of data efficiently. It claims that its AI Factor Analytics Machine Learning Engine can accurately estimate a portfolio’s volatility and rebalances your portfolio when necessary to optimise returns and manage risk.
KDI is also available as an app but it is nowhere as polished as StashAway or Wahed invest. The user interface has a couple of hits and misses, especially for its