cash management fund. think of it as your pay pal wallet to collect money from your sales or to facilitate purchases of your funds. I find it faster and reliable as compared to fpx as sometimes banks have server issues like the one we had just an hour ago.

I had to call ocbc and send a formal complaint how come the one time password cannot be received in both our accounts and both their phones. imagine you wanna do your purchase and your bank cannot transfer your money. diew

To use your Cash Management Fund to buy unit trusts, you need to ensure that there are sufficient holdings in the Cash Management Fund.
Simply select the Cash Management Fund as the payment method during the buy process.
The investment amount payable will be deducted from your Cash Management Fund immediately and it will be reflected in your View Holding webpage.
https://www.fundsupermart.com.my/main/faq/0...nt-Methods-2409

Q: What can I do with my Cash Management Fund?

A: There are 6 main types of Cash Management Fund transactions:

1) Buy into the Cash Management Fund
2) Sell your Cash Management Fund holdings
3) Buy Unit Trusts using your Cash Management Fund holdings
4) Park proceeds from a sell order into the Cash Management Fund
5) Switch your Cash Management Fund holdings into UT; this is similar to placing a unit trust buy order using your Cash Management Fund holdings
6) Switch UT into the Cash Management Fund; this is similar to parking the proceeds of a unit trust sell order into the Cash Management Fund

You may buy or sell the Cash Management Fund at any time. The minimum initial and subsequent investment amount is RM500 and RM100 respectively. There is no lock-in period. The minimum redemption amount required is RM 100, should you wish to place a partial sell order.
You may buy a unit trust via the Cash Management Fund with ease, as long as there is sufficient holdings in your Cash Management Fund. You may simply specify the ‘Cash Management Fund’ as the payment method during the buy process. The invested amount will be deducted from your Cash Management Fund holdings, and it will be used to buy a unit trust immediately as long as the buy order is placed before 3pm on a business day.
When you sell a unit trust, you may also specify the ‘Cash Management Fund’ as the redemption method. The sales proceeds will be used to invest in the Cash Management Fund, without incurring any sales charge.
You may place an inter-switch order to switch your Cash Management Fund to another unit trust without any lag time. The sales proceeds of your Cash Management Fund sell order, after deducting the prevailing FSM sales charge, will be used to buy into the fund which you have chosen to switch-buy, without any lag time. This transaction is equivalent to placing a buy order using the Cash Management Fund.
You may also place an inter-switch order to switch your unit trust into the Cash Management Fund. The entire sales proceeds of your unit trust sale will be used to buy into the Cash Management Fund, upon receiving the sales proceeds of the fund you have chosen to switch-sell, on the settlement date. There are no sales charges in doing so. This transaction is equivalent to placing a sell order and selecting the Cash Management Fund as a redemption method.
Do take note that an intra-switch is not allowed for cash management fund. Please refer to the correspondent fund prospectus for more information.

https://www.fundsupermart.com.my/main/faq/0...t-Fund-2-9718#3