Fundsupermart.com v6, Manage your own unit trust portfolio
|
|
 Jun 1 2014, 10:57 AM
Return to original view | Post
#1
|
 
Junior Member
503 posts Joined: Dec 2011 
|
Guys, a question on cmf.
I've invested in cmf for more than 6 months & the profit I earned is 1.5% I checked the FAQ & realised interest earned is not compounded. So, even the net interest is 3% above as stated in the website, the returns is still lower compared to fd due to cmf is not a compound interest fund? |
|
|
Jun 2 2014, 10:37 PM
Return to original view | Post
#2
|
|
Junior Member
503 posts Joined: Dec 2011
|
QUOTE(wongmunkeong @ Jun 1 2014, 11:55 AM) ahem.. Thanks and I hope the lowyat readers are aware that the returns are not similar to fd and heck, lower than savings acct interest!U mean this? Q: WHAT IS THE INTEREST RATE I CAN EARN ON MY CASH PARKED IN THE CASH MANAGEMENT FUND? A: The returns of the Cash Management Fund will be determined by the fluctuation of the daily NAV price. Any profit (interest) earned will be shown in your holding immediately based on the latest NAV price given. The profit/interest earned will not be compounded. If the investors want to get back the profit earned, they would have to redeem the fund. from: http://www.fundsupermart.com.my/main/faq/faq.svdo?id=9718#6 Well, U can take it as U did but did U actually ask this portion: "..Any profit (interest) earned will be shown in your holding immediately based on the latest NAV price given." Taking the whole paragraph, my understanding of what FSM is saying: Look here - everything's in the NAV. We dont guarantee kaka on interest thus the NAV fluctuations will determine yr profits. Yes - profits, not interest. We do NOT guarantee profits nor interest. This is an investment - a money market investment. Just a thought   For me, back to learn more about investing & finance... |
|
Topic ClosedOptions
|
| Change to: |  0.0361sec
 0.27
 7 queries
 GZIP Disabled
Time is now: 4th December 2025 - 04:43 AM |
Quote