MyCIF is a fund administered by the SC on behalf of the Ministry of Finance (MoF).
The SC said the RM165 million is larger than the given allocation of RM100 million due to continuous reinvestment of P2P notes, fixed deposit interest and ECF dividends.
In a statement today, SC highlighted that the ECF and P2P campaigns had benefitted approximately 1,197 Malaysian micro, small and medium enterprises (MSMEs).
“Since its October 2019 inception, these co-investments were deployed alongside private-sector investments, which totalled RM431 million,” it said.
According to MyCIF’s inaugural annual report published today, the fund also generated a positive net return on capital as at the end of last year.