Mega Amanah Link Equity Fund

The Mega Amanah Link Equity Fund (MALef) is a Shariacompliant equity mutual fund that seeks to generate longterm capital growth by investing primarily in Malaysian listed equities that meet Islamic investment criteria. Managed by Mega Asset Management Berhad, the fund aims to provide investors with an ethical investment vehicle that aligns with both financial goals and religious principles.

1. Fund Objectives & Investment Philosophy

Objective: To achieve capital appreciation over the medium to long term by investing in a diversified portfolio of Shariacompliant Malaysian equities.

Philosophy: The fund follows a bottomup, fundamentalsdriven approach. Investment decisions are based on a combination of quantitative screening (e.g., financial ratios, earnings growth) and qualitative assessment (e.g., management quality, competitive positioning). All securities are vetted to ensure compliance with the Shariah guidelines set by the Securities Commission Malaysia and the funds appointed Shariah advisory board.

2. Shariah Compliance

Screened for prohibited activities such as alcohol, gambling, pork, conventional banking, and interestbased income.
Financial ratio tests applied: debttoasset ratio 33% and cashtoasset ratio 12% (as per the AAOIFI standards).
Ongoing monitoring by an independent Shariah committee; any noncompliant holdings are divested promptly.

3. Portfolio Composition

The fund typically invests in the following sectors, weighted according to market opportunities and compliance constraints:

Sector	Typical Allocation (%)
Consumer Staples & Services	3035
Technology & Telecommunications	2025
Healthcare & Pharmaceuticals	1015
Industrial & Construction	1012
Finance (Islamic Banking & Takaful)	810
Others (Utilities, REITs where compliant)	58

4. Risk Profile & Suitability

The fund is classified as a **highrisk, highreturn** investment. Risks include market volatility, concentration in certain sectors, and liquidity risk inherent to equity markets. It is suitable for investors who:

Have a medium to long investment horizon (5+ years).
Seek capital growth rather than regular income.
Are comfortable with the volatility typical of equity funds.
Require Shariahcompliant investment solutions.

5. Historical Performance (as of 30April2026)

Period	Annualised Return	Benchmark (FTSE Bursa Malaysia KLCI Shariah)	Outperformance
1Year	+12.3%	+9.8%	+2.5 pp
3Year	+10.1% p.a.	+8.4% p.a.	+1.7 pp
5Year	+9.6% p.a.	+7.9% p.a.	+1.7 pp
Since Inception (2018)	+11.2% p.a.	+9.0% p.a.	+2.2 pp

Performance figures are net of fees and are for illustration only. Past performance does not guarantee future results.

6. Fees & Charges

Management Fee: 1.75% p.a.
Trustee Fee: 0.20% p.a.
Transaction Costs: Incurred as per market rates, reflected in NAV.
No frontend load; a small redemption fee may apply within the first 30 days.

7. How to Invest

Investors can purchase units of Mega Amanah Link Equity Fund through:

Licensed banks and Islamic financial institutions.
Online broker platforms that support unit trusts.
Directly from Mega Asset Managements website using the einvestment portal.

Minimum subscription amount: RM2,000 (subject to change). Units can be bought in multiples of RM1,000 thereafter.

8. Dividend Policy

The fund follows a **distributionfree** policy, meaning that any income generated (e.g., dividends from underlying stocks) is retained to boost the funds capital base. This approach aligns with the funds objective of capital growth.

9. Tax Considerations

Dividends from Malaysian companies are generally exempt from tax for resident investors.
Capital gains from the sale of fund units are not taxed in Malaysia.
Nonresident investors should consult local tax advisors for any withholding tax obligations.

10. Recent Developments (20242026)

In response to increasing demand for ethical investments, Mega Amanah Link Equity Fund launched an ESG overlay in 2024, adding a scoring system to evaluate environmental and governance practices of portfolio companies while staying within Shariah limits. The fund also increased exposure to the burgeoning Malaysian fintech sector in 2025, capitalising on digital banking and blockchainrelated services that comply with Sharia law.

11. Frequently Asked Questions

Q: Is the fund suitable for a beginner investor?

A: While the fund is Shariahcompliant and offers diversification, its highrisk nature makes it more appropriate for investors with a moderate to high risk tolerance and a longer investment horizon.

Q: How often is the NAV calculated?

A: The Net Asset Value (NAV) is calculated and published daily by the funds custodian.

Q: Can I switch to another Mega Asset fund without redemption?

A: Yes, Mega Asset Management offers an internal switch facility, allowing investors to transfer units between eligible funds subject to minimum holding periods and administrative fees.