Wednesday, 14 January 2015 01:05
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Kenanga Investment Corporation Ltd. (KICL) – the investment banking and fund management expert – introduced the Kenanga Retirement Plan (KRP), which affords an opportunity for individuals to invest for their retirement from early on.
The formulation of this scheme was a result of a thorough market research, which identified that with the demographical shift the country is gradually experiencing, there will be an increase in the elderly population. And with the increased needs and wants of individuals, children may find difficulties in supporting their elderly parents. It is in this context that KICL emphasises on the vitality of making investments for the future.
The structure of KRP is such that anyone above the age of 18 years will be able to consult KICL and build up their investment portfolio with financial insights from the dedicated fund managers and financial analysts of the company, in order to achieve their purchasing power goals at the expiration of the plan.
The portfolio will be set up taking into consideration each individual’s risk appetite, market environment and the inflation, thus facilitating the potential achievement of a fair return on investment.
The funds will be invested at the equity or corporate debt markets depending on the client’s preference. This could be structured according to a period desired by the customer—be it five, 10 or 15 years or a period specified by the investor.
Once the portfolio is formulated, all the investments will be made in entities selected from a watch-list maintained by Kenanga based on fundamental research. And the funds will be managed under the personal name of the client.
Kenanga also provides the convenience of allowing customers to enhance their portfolios monthly, quarterly, semi-annually, annually or on a basis that is preferred by the client. In return for their expertise in managing customers’ funds, Kenanga will charge a reasonable management fee.
Why should a customer choose KRP over other retirement products in the market? What differentiates KRP from the rest is the flexibility of the plan to individual needs. With a structure that delivers maximum convenience to the investor, KRP allows customers to monitor their portfolios online to maintain the deliverance of a transparent service.
As the money is invested in different entities under the personal name of client, financial market risks can be mitigated, where the security of the investments are enhanced. While clients can withdraw funds in an emergency, they are also allowed to terminate their agreements where they can manage their own funds or give it to another third party manager.
With a proven track record of over four years of investment banking and fund management, Kenanga Investment Corporation has been a service provider to major corporate entities and is an institution that is licensed by the Securities and Exchange Commission of Sri Lanka. Its services spans across the areas of capital markets, corporate restructuring and fund management.
The company’s core strengths are its people and is headed by a dynamic Board of Directors, which include Megat Mizan Nicholas Denney, Rohan Senanayake, Lee Kok Khee, M.S.I. Peiris, Dr. Nasir Razak and Roslan Hj Tik.
KICL is backed by Kenanga Malasiya, the market leader in equity broking, investment banking, listed derivatives, treasury, corporate advisory, Islamic banking, wealth management and investment management.
Kenanga Malasiya’s prestigious clientele speaks for its expertise in the industry, where the Malaysian Government sought the services of the company to manage its strategic investment funds, the Khazanah National Berhad.
For more information on Kenanga and the KRP, please visit http://kenangasl.com.
