Kenanga Investment Bank announced that it has launched its AI-driven robo-advisor that aims to simplify how Malaysians save and invest.
The Kenanga Digital Investing (KDI) is licensed by the Securities Commission Malaysia and offers two products – KDI Save and KDI Invest.
KDI Save allows users to earn daily returns on their savings with no lock-in period and zero management fees.
From now till end of the year, KDI Save offers a market leading 3.0% fixed interest rate.
Meanwhile, KDI Invest allows customers to grow their wealth with access to global investment opportunities through US-listed Exchange Traded Funds (ETFs) at competitive fees.
Kenanga added that the KDI Invest offering is free for investments below RM3,000 while investors above that limit will be charged a management fee between 0.3% to 0.7% per annum,.
“KDI is another step in our vision to make investing accessible to everyone. With initial investments as low as RM250, customers can invest in global equities.
We are proud to launch KDI Save, a cash management product with one of the highest returns in the market, while KDI Invest provides gateway to the global markets at an affordable fee,”
said Ian Lloyd, Group Chief Digital Officer, Kenanga Investment Bank.