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Maybank eGIA-i 3.45% p.a., Rojak of SA + FD + MMF
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leo_kiatez
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 Sep 6 2017, 08:24 PM
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QUOTE(ytan053 @ Sep 4 2017, 01:11 PM) Switched to Philip Mutual Money Market Fund (PMMMF) instead of Maybank GIA after GIA has lose its flexibility. Only moved the funds to PMMMF if I have touched my GIA, otherwise, it is still pretty good to have the 3.55% for GIA. For Aug'17, PMMMF gives 3.52% p.a. It was good considering its flexibility and since I have many cc from diff banks, I can save the ibg cost by selling the units in PMMMF to my stand chart / HLB savings account (which offers free ibg and instant transfer) while buying the units with the savings account which my income was credited into. I guess this is better than FSM RHB Cash Management in terms of interest and flexibility, as PMMMF gives me same day redemption (is use Maybank account) and T+1 redemption (for other savings account) when i redeem the units before 9:30am of the day. What are the fees involved for placing to PMMMF? Why not choose FSM and can we uplift the fund if placement less than 1 month? This post has been edited by leo_kiatez: Sep 6 2017, 08:25 PM |
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leo_kiatez
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Sep 6 2017, 10:18 PM
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QUOTE(Ramjade @ Sep 6 2017, 08:31 PM) PMMMF same day uplifting + higher interest. Thanks for the reply. How is this Management Fee =0.5% and Trustee Fee =0.03% on NAV or a minimum of RM18,000 per annum , calculated annually? |
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leo_kiatez
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Sep 6 2017, 11:39 PM
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QUOTE(Ramjade @ Sep 6 2017, 10:22 PM) Management fees is already calculated into the NAV. So if a fund give 3.55%, actual return is 3.6% Oic.. That's good! Correction ,so actual return is 4.05% (3.55+0.5) if based on your explanation. actually thought it accumulated til end year then it start charging the fees 0.5+0.03% based on my total transactions! So 0.03% trustee fees also already calculated in when fund gives 3.55%? How does the trustee fees charges? |
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leo_kiatez
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Sep 7 2017, 08:50 AM
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QUOTE(Ramjade @ Sep 6 2017, 11:41 PM) Basically the NAV is already included all the fees needed to run the fund. What you see is what you get. No extra fees out of some where (like quarterly platform fees) Thanks for your info. |
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leo_kiatez
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Sep 8 2017, 10:53 AM
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QUOTE(ytan053 @ Sep 4 2017, 01:11 PM) Switched to Philip Mutual Money Market Fund (PMMMF) instead of Maybank GIA after GIA has lose its flexibility. Only moved the funds to PMMMF if I have touched my GIA, otherwise, it is still pretty good to have the 3.55% for GIA. For Aug'17, PMMMF gives 3.52% p.a. It was good considering its flexibility and since I have many cc from diff banks, I can save the ibg cost by selling the units in PMMMF to my stand chart / HLB savings account (which offers free ibg and instant transfer) while buying the units with the savings account which my income was credited into. I guess this is better than FSM RHB Cash Management in terms of interest and flexibility, as PMMMF gives me same day redemption (is use Maybank account) and T+1 redemption (for other savings account) when i redeem the units before 9:30am of the day. Tried submitting documents through email to phillipmutual@poems.com.my for account registration. However keep getting bounced email reply saying file size exceeded. I just attached <500kb size file also cant pass. How do you register for the account? |
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leo_kiatez
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Sep 9 2017, 12:05 AM
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QUOTE(fruitie @ Sep 8 2017, 12:18 PM) Same here.  When I tried to upload via website, Internal Server problem. Annoyed. CS replied, sent to this email instead : eunittrust@poems.com.my |
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leo_kiatez
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Sep 11 2017, 11:13 PM
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Shifu, how is the daily interest calculate for PMMMF? Need to deposit before 9.30am so that calculate for that 1 day's interest?
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leo_kiatez
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Sep 12 2017, 11:25 AM
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QUOTE(fruitie @ Sep 12 2017, 12:59 AM) Thanks. I got my account this morning. I gotta plan for this month's salary crediting on how to play with the fund. What's your plan?  |
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leo_kiatez
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Sep 20 2017, 07:27 AM
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QUOTE(ytan053 @ Sep 18 2017, 06:24 PM) It is stated funds must be in before 10:45am. to play safe (since need to click so many things), do it before 10:30am of the business day for same day interest. Ic... Thanks. |
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leo_kiatez
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May 18 2020, 06:00 PM
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QUOTE(Ivan113 @ May 18 2020, 03:33 PM) what do you mean not covered by principal? meaning the principal could go bust? Yes, if you scare your principal go bust. |
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