IPOH, April 20 (Bernama) — The government is studying an easy loan scheme to enable the lower income group to invest in the Amanah unit trust funds, Prime Minister Datuk Seri Najib Tun Razak said.
The scheme will help the people to invest in the Permodalan Nasional Bhd’s unit trust fund, Amanah Saham 1Malaysia.
“Further details of the scheme will be announced in the near future,” he said in his speech at the launch of the Amanah Saham Malaysia 2011 Investment Week here Wednesday.
The prime minister said the scheme will offer Malaysians the maximum opportunity especially those from the lower income group to participate in the scheme, providing them some assurance for their future. At a press conference later, Najib said the government had been discussing with PNB to create a loan scheme to enable the lower income group to invest in the fund with the loan repayments to be made through the dividends announced by PNB every year.
He said this new measure was being taken considering the effectiveness of PNB’s unit trust funds in educating and inculcating the investing habit among Malaysians.
“The Securities Commission of Malaysia and the Finance Ministry is looking into the finer details of the scheme,” he added.
Earlier, Najib also called on investors not to just look at profits alone but profits that involved the lowest of risks and to be also wary of schemes offered by unlicensed companies.
He also cautioned the public not to be easily taken in by schemes which made promises like “Invest RM1 and get RM1,000”.
“Invest in the unit trust funds operated by PNB as they offered high returns and minimum of risks.”
Source : Bernama