Dec 20 2014, 06:45 PM
ok, on-topic ... found some details of the maybank q-cash, it's a unit trust style product
QUOTE
4. Key Product Features
Fund Type Income
Fund Category Money market
Benchmark Maybank overnight deposit rate
Manager Maybank Asset Management Sdn Bhd
Management Fee Up to 0.20% per annum of the NAV of the Fund, calculated and accrued
daily and payable monthly to the Manager.
Sales Charge No sales charge will be imposed on Unit Holders.
Redemption Charge The Manager will not impose a redemption charge.
Switching Fee Switching is treated as a withdrawal from one (1) fund and an
investment into another fund. A Unit Holder switching from a fund with
a lower sales charge, to a fund with a higher sales charge will pay the
difference in sales charge between the sales charges of these two (2)
funds. If the Unit Holder switches from a fund with higher sales charge
to a fund with a lower sales charge, and subsequently switches back to
a fund with a higher sales charge similar to the first fund, the Unit
Holder does not need to pay the difference in sales charge between
these funds.
For further details, please refer to item 5.4 of the information memorandum
on Switching Fee.
Transfer Fee Not applicable as transfer facility is not available.
Trustee RHB Trustees Berhad (formerly known as OSK Trustees Berhad).
Trustee Fee Up to 0.02% per annum of the NAV of the Fund. The trustee fee is
calculated and accrued daily and payable monthly to the Trustee.
Minimum Initial
Investment/ Additional
Investment
RM50,000.00 or such other amount as may be decided by the Manager
from time to time.
Distribution Policy Subject to availability of income, the Fund will distribute income to
Unit Holders on a monthly basis.
Unit Holders will be able to obtain the unit price of the Fund from www.maybank2u.com.my
Fund Type Income
Fund Category Money market
Benchmark Maybank overnight deposit rate
Manager Maybank Asset Management Sdn Bhd
Management Fee Up to 0.20% per annum of the NAV of the Fund, calculated and accrued
daily and payable monthly to the Manager.
Sales Charge No sales charge will be imposed on Unit Holders.
Redemption Charge The Manager will not impose a redemption charge.
Switching Fee Switching is treated as a withdrawal from one (1) fund and an
investment into another fund. A Unit Holder switching from a fund with
a lower sales charge, to a fund with a higher sales charge will pay the
difference in sales charge between the sales charges of these two (2)
funds. If the Unit Holder switches from a fund with higher sales charge
to a fund with a lower sales charge, and subsequently switches back to
a fund with a higher sales charge similar to the first fund, the Unit
Holder does not need to pay the difference in sales charge between
these funds.
For further details, please refer to item 5.4 of the information memorandum
on Switching Fee.
Transfer Fee Not applicable as transfer facility is not available.
Trustee RHB Trustees Berhad (formerly known as OSK Trustees Berhad).
Trustee Fee Up to 0.02% per annum of the NAV of the Fund. The trustee fee is
calculated and accrued daily and payable monthly to the Trustee.
Minimum Initial
Investment/ Additional
Investment
RM50,000.00 or such other amount as may be decided by the Manager
from time to time.
Distribution Policy Subject to availability of income, the Fund will distribute income to
Unit Holders on a monthly basis.
Unit Holders will be able to obtain the unit price of the Fund from www.maybank2u.com.my
Though unit-trust vehicle, there are no front or backend fees. Good
Dunno if open or closed-end.
Can't find the daily manager's price on maybank2u as stated. Maybe I didn't login?
Gen-X Did your RM show you how the other fella got 3.95%? From monthly distrib or from capital value on exit?
EDIT... missed the mgt fee... looks like it'll add up to 0.22% pa daily basis. take that as the cost of time flexibility - ok lah imho esp if can get >3% nett
This post has been edited by okuribito: Dec 20 2014, 07:37 PM
Quote
but even if got, gotta find the funds and ballz to execute hahaha
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