The email received is different but the time is correct. How I know? Bought at 30/9 at 250pm, all fund price as of today is of 30/9. If time is off, it will be showing 4/9 price which it was not.

And no. I don't intend to use CMF as the interest is lower than eGIA-i. Will only use CMF if eGIA-i rates drop lower than CMF because of liquidity issue (require 2 working days to get the money out instead of instant)

That's from one of my experience hahaha, may be I was unlucky

If one has maybank2u, eGIA-i is the better instrument for savings in terms of return and liquidity compared to CMF

Sounds like you are quite sold on eGIA-i.

Have you considered using a bond fund such as libra anista for the purpose ? Historically 5-8% and also low volatility wor .....

Personally I treat libra asnita as my short term FD (albeit a bit fluctuation but libra asnita is consider the more stable and reasonable return among its peers and other short term alternatives as of now)

I only keep eGIA for about 1 month expense for liquidity needs

And CMF only for RSP Bridge and keep a small amount for fund maintenance and libra asnita platform fee

This post has been edited by AIYH: Oct 6 2016, 05:38 PM

Sounds like a good plan, as cash out funds will take about 1 week or so before can see real cash.

Can libra asnita buy on the spot or need few days? Eg. Today want to buy at 2pm, use asnita bond to buy, will the price be today's price or few days later price?

Same like other funds, payment received beofre 3pm will transact today based on today's price

Actually rhb bond/islamic bond fund have slight better return than libra with similar volatility.

However I dare not due to their 1% redemption charge within a year

Doesnt suit me as I forsee numerous substantial amount required to withdraw within a year, so libra asnita suits me more

Thanks for highlighting this point on 1% redemption charge. Otherwise might be caught.

No worries bro. Sometimes I just like having some fun here.

Welcome to the forum!

Isn't need to wait a few days for the FM to liqudate your holdings?

The process is like this:

If they received ur pament b4 3pm, your order will be transacted on the same day (T)

But due to most funds nature of forward pricing (CMF is the exception), you won't know todays price until T+1 days

By T+2 days, you will know your unit price you bought (which is the prce of the day u invest) and the amount of units u bought, in this stage, you partially own the investment because this investment is yet to appear in your holdings

by T+4 days, u will see the investment I your holding, means now you fuly own it

So whenever day u transact, the price will be based on that day provided is b4 3pm

EDIT: irrelevant explanation to the question ps

This post has been edited by AIYH: Oct 6 2016, 08:51 PM

so your eGIA-i is like your emergency funds but at a better interest rate than saving account?

Yes

Because it is almost as liquid as saving accounts with almost unconditional FD return

I have a feeling that you misunderstood the question. Switch sell and buy should be no payments.

did he ask for switch sell and buy?

See the reply below. For me, whenever I need the money, just uplift it without penalty transfer to SA and go to atm/IBG/IBFT out. Who needs SA/CMF when eGIA-i exist.

Actually I am asking about if I use libra asnita to buy fund A (switch buy), will it be instant like FPX or do we need to wait a few days if we do the transaction before 3pm of that day.

This post has been edited by Ramjade: Oct 6 2016, 08:46 PM

erm, when OPR increase to the extend that bond yield falls below FD rate, you will go back to fd

Switch sell is instant the same way as you use CMF to invest in other funds, just also take 4 days to show your holdings

Er, if FD is 15% p.a, I withdraw all from UT lo.

No delay in few days for FM to liqudate my funds first?

You gotta wait for high official inflation for that to happen, hint hint brazil

this is from FSM FAQ:


Q: HOW LONG WILL THE WHOLE INTRA SWITCH PROCESS TAKE?

A: Cash investments
The switch-sell and switch-buy orders will be transacted on the same business day the order is received before 3pm. Otherwise it will be transacted on the next business day.

However, please note that there are 2 business days lag time should you switch buy into RHB Money Market Fund, RHB Income Fund 2, RHB Institutional Islamic Money Market Fund and 1 business days lag time if you switch buy into CIMB-Principal Equity Growth & Income Fund, CIMB-Principal Greater China Equity Fund, CIMB-Principal Income Plus Balanced Fund, CIMB-Principal Global Titans Fund, CIMB-Principal Australian Equity Fund, CIMB-Principal Strategic Bond Fund, CIMB-Principal Asia Pacific Dynamic Income Fund, AmSchroder European Equity Alpha Fund and Kenanga Asia Pacific Total Return Fund.

From the above, seems like if you do switch sell and switch buy before 3pm, you will sell libra asnita at today price and buy example EI small cap at today price too

do take note some switching will charge switching fee depending on funds

p/s: why so many popular cimb funds have 1 day lag

pps: sorry for yet another irrelevant explanation

This post has been edited by AIYH: Oct 7 2016, 07:43 AM