CIMB is having a new promotion for their long-term investment fund, Max InvestSave. This is the third promotion since the fund was launched in October 2008.
CIMB Max InvestSave Bonanza Promotion period are from 4 April 2011 until 31 August 2011. During the promotion period investors will earn free bonus units up to 30% for every investment or top-up made. However, it is only applicable for minimum investments of RM5,000 plus a minimum Periodical Payment Instruction (PPI) of RM200 monthly.
On top of bonus units promotion, investors also can earn 5% p.a Preferential Profit Rate on 3-month FRIA-i Maturity Returns. The minimum combined amount for 3-month FRIA-i Maturity Returns & Max InvestSave is RM10,000, with a 50:50 ratio between the two products.
Finally, for those who sign up for a new PPI with a minimum of RM200 monthly, will receive a complimentary Passport Holder.
Unlike ordinary investment funds, Max InvestSave locks-in the highest returns refer by Reference Index Value (RIV) achieved during the chosen tenure. At maturity, you are protected on your maximum returns as well as from any adverse fluctuations that may have occurred.
The fund was launched in October 2008 but so far the performance is not so encouraging, the latest RIV still below the launching price of RM1.