InvestDaily for mutual funds

The online platform lets you invest small amounts in a flexible manner so you can watch your money grow steadily

Watch your investments grow on auto-pilot

InvestDaily is a systematic savings plan that helps you invest small amounts of your money into mutual funds via an easy-to-use online platform.

You can invest low minimum amounts at regular intervals such as weekly, monthly or quarterly in a flexible manner. Changes can be made at any time to the amounts you invest as well as he frequency. Moreover, your investment is auto-debited from your account so you don’t need to worry about forgetting to invest.

It's easy!

It’s easy to start, manage, and stop

It's flexible!
Choose whichever scheme suits you and withdraw partially anytime

It's liquid!

You’ll always be able to use the money for contingency and emergencies

Please note, you need an Emirates NBD account to use InvestDaily. If you don't have one, you can set one up now in a few easy steps.

Advantages of mutual funds

Diversification: A mutual fund can provide instant asset diversification without large amounts of cash needed to create individual portfolios. It allows you to buy a fund which invests in global equity and bond markets with lesser investment than usual. The investment risk potentially reduces the volatility of your portfolio because it is spread over many securities.

Professional management: A team of skilled, experienced investment professionals will be working to manage the funds on your behalf.

Liquidity: In general, you are able to sell your mutual funds in a short period of time without there being much difference between the sale price and the most current market value.

Divisibility: With mutual funds, you can buy in smaller denominations, enabling you to start investing with minimum amount. Smaller denominations of mutual funds give you the ability to make periodic investments through monthly purchase plans while taking advantage of dollar cost averaging.

Dollar cost averaging makes your money fetch more units when the price is low and less when the price is high. During volatile periods, it allows you to achieve a lower average cost per unit.

How does InvestDaily work?

InvestDaily is a simple investment plan where your money is auto-debited from your account and invested into your selected mutual fund scheme.

Every time you invest some money, additional units of the mutual fund scheme are purchased at the market rate and are added to your goal. Units are bought at different rates and you’ll benefit from dollar-cost averaging and the power of compounding.

What is the power of compounding?

Let’s say you’re 40 years old. If you start investing AED 10,000 a month today, in 20 years you would have saved up AED 2.4 million. If that investment grew by an average of 7% a year, it would be worth AED 5.2 million by the time you’re 60.

However, if you had started investing 10 years earlier, your savings would be AED 3.6 million over 30 years and with a compounding interest of 7%, you would have AED 12 million when you’re 60. That’s more than double of what you would receive if you start ten years later.

How does all this help me?

Disciplined saving: Discipline is the key to successful investments. When you invest this plan, you commit yourself to save regularly. Every investment is a step towards getting to your financial objectives

Flexibility: While it’s advisable to continue this plan with a long-term perspective, you can discontinue it at any time or increase or decrease the amount you're investing.

Long-term gains: Due to dollar-cost averaging and the power of compounding, this plan has the potential to deliver attractive returns over a long investment horizon.

Convenience: It’s a hassle-free mode of investment. You can issue standing instructions to facilitate auto-debits from your bank account.

Features of InvestDaily

Start small

Start with investing as little as AED 8, build confidence and grow. Invest as low as AED 8

Create a goal

Set the reason you’re saving, select funds and set the amount and frequency of your payments.

Subscribe

Be able to allocate an amount at a goal level to buy funds based on a predefined allocation set at the goal level.

No lock-in period

Withdraw cash at a goal level by redeeming from the goal (this happens across funds as % of their market value allocation within the goal).

Switch

Have the ability to transfer cash from one goal to another. This essentially triggers a sell from 1 goal (as a % of market value allocation) and buy into another goal (as a % of allocation amount defined for the goal).

Rebalance

Modify fund allocation within the goal either by reducing exposure of any of the existing funds and allocating to other funds in the goal or add new funds to the goal and set a contribution %.

Lumpsum or frequent

Invest on a lumpsum basis (one time) or set up a regular investment frequency (weekly, month, quarterly, etc.)

24/7 access using Online Banking

No hidden charges; all charges are debited separately to provide transparency.

Transparency

No hidden charges, all our charges are debited separately to provide you with complete transparency

Understanding the risks

When you invest in a mutual fund, a prospectus detailing the risks involved will be given to you. It is important that you go through this document thoroughly so that you are aware of all the general and specific risks involved. In fact, it's better to understand the risks even before you invest.

Market risk: This applies to kinds of mutual funds and it means that the value of investments may decline because of unavoidable risks that affect the entire market.

Country risk: Applicable to foreign investments, this risk may cause the value of a foreign investment to decline because of political changes or instability in the country where the investment was issued.

Liquidity risk: This is when a fund can’t sell an investment that’s declining in value because there are no buyers.

Credit risk: If a bond issuer can’t repay a bond, it may end up being a worthless investment.

Currency risk: Applicable on investments denominated in a foreign currency, this risk will cause the fund to lose value as the other currency depreciates.

Interest rate risk: This risk causes the value of fixed income securities to fall when interest rates rise.

Ready to invest? Let's start growing your wealth right now

Step 1: Log in to Online Banking

Step 2: Complete your registration

Step 3: Create your goal

Step 4: Select funds/Set allocation

FAQs

What are mutual funds?

A mutual fund is usually referred to as an investment vehicle that is made up of a pool of funds collected from many investors like you, for the purpose of investing in securities such as stocks, bonds, and similar assets. Mutual funds are operated by investment professionals, who invest the fund’s capital and attempt to produce capital gains and income for the fund’s investors.

A mutual fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus. When money is pooled, it creates greater buying power; thus making it possible for you to invest in a wider range of investments. Each investor in a fund owns shares that represent a part of a fund’s portfolio holdings.

It's important that you read and understand our disclaimer.

What is the Net Asset Value of a fund?

The Net Asset Value of Fund (NAV) is calculated as NAV: Assets of the fund - Liabilities of the fund/No. of units issued.

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