Maybank has announced a new feature addition to its MAE app, which comes in the form of what is called Goal-Based Investment. It’s pretty self-explanatory, allowing the bank’s customers to dip their toes into investing.
Starting the process is as simple as selecting Goal-Based Investment from the list of actions that can be taken from the MAE app. You will then be asked a few questions to gauge your risk profile, which will affect the types of funds that appear as your investment options.
Once that’s done, you can choose between three categories to start investing in. Which category you pick will determine the method used in calculating the goal of your Goal-Based Investment. Beyond that, the rest of the process is mostly identical.
As mentioned above, your risk profile will determine which finds are presented to you as options, but you can go out of your way to select other funds as well. Of course, all of this is presuming you are aware of the risks involved in the process.
Being a part of the MAE app, this Goal-Based Investment is only for Maybank customers. But being one is as simple as having an account with the bank. To encourage users to make use of the feature, the bank has announced that the usual sales charge that is normally capped at 1.5% will be discounted until 26 June 2024. You can find out more about the Maybank Goal-Based Investment by hitting the link below.
(Source: Maybank)
