The most urgent need for emergency money is usually health related, eg for private hospital deposit fee.
Credit card would be  Number 1, in your pocket anytime.

Urgent hard cold cash? i wonder in what scenario will it be needed urgently nowadays...
even kidnapper also will give you time..

Money in UT or even bonds should not be emergency fund at all, not even the lowest level,
as you are likely to lose out selling to get hurried money.

AIYH

Thanks again for such good lesson! Now I know the dividends/distribution effects on different investment products.

Scenario 1 Choice 2:
NAV rose to RM 0.55 * 1.1 = RM 0.605
You will have fund value of 2181.82 unit * NAV @ RM 0.605 = RM 1,320.00
Total value = Fund value = RM 1,320.00

Scenario 2:
NAV rose to RM 0.60 * 1.1 = RM 0.66
You will have fund value of 2000 unit * NAV @ RM 0.66 = RM 1,320.00
Total value = Fund value = RM 1,320.00
That's the reason why we should reinvested the distribution/dividends into the funds, to "earn more". It's quite different than the concept of stock, but still can understand it with perspective of "compounding interest".

What I get based on above examples, this means the "eventually value"/performance indicator of VP UT funds is depends on the price of NAV.

I shouldn't be tricked/confused/impressed by how those agents describing their distribution or dividends because it's not the same dividends concept compared to Stock/REITS.

I should have look at the "historical price" of NAV to study how those funds performing?