for me...it is the
1) ease of moving monies to investment assets in FSM and out (temporarily)
    no need to goto banks to transfer monies (if more than allowed by online transact limits)
2) no lock in period where else FD has minimum (1 month?)
3) FD has higher minimum amount for initial investment...CMF RM 500
4) FD has higher subsequent reinvestment amount...CMF RM 100
5) FD has higher withdrawal redemption amount...CMF is RM 100
6) can view my non investment monies (CMF) and investment monies (FI/EQ) at a same page in FSM

for more info.....

http://www.fundsupermart.com.my/main/faq/faq.svdo?id=9718#1

  some drawbacks I can think of...
1) FD can get monies FAST (if on working hours)....CMF have to wait a few days.
therefore one is recommended to get Saving & FD a/c too...just incase one needed to get faster.
2) .....

additional drawbacks
3) Technical drawback: Not PIDM insured. Pls read-up on PIDM and max insured ya - may not be a big factor to consider for some

Unit Trusts are governed/regulated by Securities Commission.

The fund management is overseen by its Trustee.

The underlying assets IS PIDM insured - CMF only have fixed deposits and bank deposits and a bit of money market placements. I'd say, >90% assurance. The 10% is...all hell break lose risk

I think this question has been answered in the past. Taking CIMB Global Titans fund as an example, this fund has benefited from the MYRUSD appreciation.

Depends. Do you think the MYR will fall even further against the USD?