Malaysian market’s latest fully automated Artificial Intelligence (A.I.) driven robo-advisor, Kenanga Digital Investing (KDI) was launched by Kenanga Investment Bank today.
KDI is licensed by Securities Commission Malaysia and designed to simplify how Malaysians save and invest.
KDI platform offers two convenient products -KDI Save and KDI Invest.
“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 of Kenanga Investment Bank Berhad.
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.
Whilst KDI Invest, customers can grow their wealth with access to global investment opportunities through US-listed Exchange Traded Funds (ETFs) at one of the most competitive fees in the market.
“KDI’s innovative portfolio design is a game-changer for wealth management. The system selects suitable portfolios to help customers achieve their investment goals in line with each customer’s personal risk preferences. The A.I. monitors global market conditions and rebalances customers’ portfolios automatically, giving them peace of mind that their portfolio is being taken care of around the clock,” added Lloyd.
KDI Invest is completely 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, making it one of the most competitive robo-advisor platforms in the market today.
