EPF Upgrades i-Invest With New Features To Help Members Make Informed Investment Decisions
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The Employees Provident Fund (EPF) has enhanced the i-Invest web portal with several new features to improve its users’ experience and help members make better informed investment decisions. These include the introduction of a historical investment performance dashboard and an investment simulator – among other things.

In a statement, the EPF noted that the new historical investment performance dashboard – which is the first of its kind to be introduced in the domestic fund management industry – will enable members to analyse investment performance returns across various time horizons. Investors can view the returns based on three key categories, allowing comparisons to be made at the fund, fund management institutions (FMIs), and overall portfolio level.

On top of that, an investment simulator has also been added to the i-Invest web portal so that members can run simulations of their investments based on five key parameters before actually performing it. The five parameters include the member’s choice of initial investment amount, monthly investment amount, investment period, rate of return, and ending investment value.

(Image: Malay Mail/Hari Anggara)

Additionally, the EPF has incorporated Lipper-assigned benchmarks into the upgraded i-Invest web portal so that members can make more accurate comparisons of a unit trust fund’s performance. Briefly, Lipper benchmarks (usually referred to as the Lipper average) are a set of indexes used to gauge how well an investment portfolio is performing against others.

Aside from announcing these updates to i-Invest, the EPF also noted that it will bring various web features of i-Invest over to the i-Akaun mobile app. Some of the web features that will be ported over include transactional functions, suitability assessments, and useful information on approved unit trust funds as well as the FMIs that are offering them. More features are also expected to be added in the upcoming months.

The i-Invest portal was first launched back in 2019 so that EPF members can conveniently invest their Akaun 1 savings directly into approved unit trust funds – provided they meet specified criteria. The facility is meant to offer members greater autonomy over their retirement savings, as well as to simplify the overall investment process.

(Source: EPF)

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