Distributor

Name of Fund

Initial Commission

Management Fee (yearly)

Min. Initial Investment

Min. Top Up

NTUC Income

Amanah Fund

3.5 %

1.00 %

$5,000

$1,000

NTUC Income

Takaful Fund

3.5 %

1.05 %

$5,000

$500

HSBC Bank

Takaful Sinaran

5.0 %

1.50 %

$4,000

$500

HSBC Bank

Takaful Global

5.0 %

1.50 %

$4,000

$500

HSBC Bank

Takaful Asia Pacific

5.0 %

1.50 %

$4,000

$500

DBS Bank

Mendaki Fund

3.0 %

4.83 %

$1,000

$100

Important Information

1)  Halal funds are unit trusts such as DBS’s Mendaki fund. Takaful funds contain a very minor insurance component and are single premium investment-linked products (ILPs).  All are approved for investing your CPF ordinary account. 

2) Studies have found past performance of funds is not consistent. This makes it a poor predictor of future performance.  This leaves costs -- such as the management fee and the initial commission -- as an important determinant of a fund's future performance.