CMF NAV price will keep increasing. It never drops.

uob e acc have change T&C ...LATEST ANNOUNCEMENTS
http://www1.uob.com.my/announcement-revise...tes-280417.html

Was informed that will get Phillip Money Market Fund within same day if redeem before 10:30am and your account for fund transfer is with Maybank.

i am wondering the same, but i looked into the price history of a random CMF, it seems the price has never dropped (?)

According to their fund factsheet, withdrawal must be done before 9.30 a.m. Btw, what's the return?
https://www.eunittrust.com.my/pdf/Factsheet...00052017_fs.pdf

This line chart also represent the price of your nasi lemak, i.e inflation. It will only go up. If your money in savings account, the line is going horizontal, need around 3-4% to break even with the increasing line chart of your nasi lemak.

Not true. See this page.
http://www.straitstimes.com/asia/se-asia/m...slowing-economy

It's Singapore newspaper.

You mean should be higher than 3-4% ?

As per Fs, 3.5%

Well official inflation is always lower than % increase in cost of living. However official inflation spike to 5.1% in March. Not sure what's the rate for April. So you can imagine % increase in cost of living.

From eUT page, annualised performance seem to be poor at 1-2%. Am I missing something?

This post has been edited by Ramjade: Jun 7 2017, 10:45 PM

So, is this how we calculate the interest from CMF?

Percentage of interest = (Selling Price - Buying Price) / Buying Price x 100%

Any reason for increasing NAV of CMF?

Guess so. FSM will show you the ROI of the fund. So no need to pening kepala go and calculate

Because the fund invest in FD and since when can you lose money with FD. It's not stocks where NAV is determined by the price of stocks.

Your savings account gives you 0% hence horizontal line?

I got a FSM account now and I'm so lost with this CFM thingy... No wonder my Finance paper in university was my worst results, I just cannot comprehend those figures.

Never mind. I gave up on it. Any eFD option to replace GIA-i? If instant withdrawal is not possible, at least one month lo..

Here you go.
https://www.fundsupermart.com.my/main/fundi...Fund-2-MYOSKCMF

You don't need to know how it work. Just put your money with them. Few days before cc payment date, make a withdrawal (before 3pm or else withdrawal will be move to next day) and wait 2 daya before money will appear back in your account. You just need ro know your money have increased

Well if you want the technicals, they invest in short term fix deposit. Profits made from FDs are what give the increase in NAV over time.

Most savings account give close to 0%. 0.1-0.3%

This post has been edited by Ramjade: Jun 8 2017, 07:30 AM

If those that prefer liquidity, perhaps should consider go back to m2u savers account.

Thanks for assisting and I don't wanna OT so much, I will go to FSM thread if I want to.
Really appreciate your help, I just dropped RM 700 to have a feel how it works before shifting my fund there.

Yes, that's what I thought of too but need minimum RM 2k to generate interest.

Well that's a good start.

If really want to use M2Savers, better option would be OCBC 360.

Have you checked your bonus interest for OCBC 360? Does IBFT count as bill payment?

For people who do not have any credit card or not eligible to apply for one, can consider OCBC 360-i Account (islamic version of OCBC 360 account). Can get up to 4.1% p.a. if fulfill all the conditions. Instead of spending RM500 on credit card, one needs to spend RM500 on debit card to get the bonus interest of 1.2%.


It's supposed to be 1k only according to the website but for some reason, the system will only allow min. 10k placement. 1k placement only valid for 2-12 months placement. Can still try to place for 12 months to get 3.25% p.a. after 16/6. I believe can still withdraw without penalty if placed before 1/8.


Actually, banks are required to disclose any changes to their T&Cs with 21 days prior notice. I do not know if it is a BNM requirement or industry standard but most banks would follow this practice.


Other good options to consider: -

i) Affin Hwang Aiiman Money Market - min 5k, last year's return 4.xx%
ii) KAF Money Market Fund - min 1k

These two funds are not available through Fundsupermart but can be purchased through eUnitTrust.

Do note that not all money market funds are exactly alike. Some only invest in bank deposits like RHB Cash Management Fund 2, while others like Pacific Cash Fund invest heavily into short-term bonds. Hence the return and volatility would be different among them.


Pacific Master Money Market Fund is a fixed price fund, so the NAV would not change at all. The distribution is on a monthly basis. In this case, the distribution really matters cause that is the return of the fund. I think this is the closest equivalent to GIA as far as money market funds are concerned. You put the money there, at the end of the calendar month, you get the distribution (equivalent to profit). Unlike GIA though, you will not get the profit immediately upon withdrawal.

Will check it out. For the 360-i right, can open at any branch? Or just branches with Al-Amin ?