How long does it take for a buy order for Phillip Master Money Market Fund to be completed?

IF TO maybank , it’s the same day. But for the past few days , it has been very slow.

So no need to wait for cheque and money will straght appear back in Maybank account? How slow is slow?

CHEque ? No need , just choose the bank in option into Maybank. For today my money came into my account by 615pm. Usually it’s in before 4 pm.

Anyone want giveaway their tickets to POEMS PhillipCapital 9th Annual Investment Conference 2018?

If i opt to sell my units and transfer to my wife bank account, will it go through?
Or is there a policy to transfer to bank account with my own name?

Has to be under own name. Unless you have a joint account with your wife.

Just opened my eUT account, thanks again ramjade!
Regarding PMMMF on eUT, what is the most efficient deposit method and time, FPX or Maybank fund transfer?
I know they are using a Maybank account and withdrawal-wise using a Maybank account makes more sense.

Email reply from CS:
You may transfer the money to our bank account via FPX/Online Banking/Cheque/TT and cut off time for the said fund is 10.30am.
Other than FPX, you need to submit proof of payment to us via email/fax or you can attached the receipt in our website.
For withdrawal, the cut off time is 9.45am and you will receive the money on the same day if you provide your Maybank account, other than Maybank it will take 1 day for you to receive the money.

FPX

Thanks!

Btw, deposits and withdrawals T+0 are only for working days right?

Yes that's right but you have to do it before the cut off point.

That's for withdrawal part. Never paid attention to depositing part.

Thanks, just did my first deposit, so far all your withdrawals before 945am to Maybank account are transacted and reflected T+0?

I usually withdraw the money in the evening. No time to do anything in the morning. Money will appear next day.

This post has been edited by Ramjade: Jul 25 2018, 08:38 AM

Let's say I deposited at 8am yesterday, received Phillip's receipt at 730pm, does it mean I missed the cutoff time of 1030am?

Don't think you miss it if you use FPX as FPX is instant. Best you experiment to yourself. I didn't gave time to experiment. So I just buy when I am free withdraw when I am free.

Got it, thanks. I've emailed to Phillip Mutual for the exact details on the daily interest part and will report back.

We will declare the interest rate on a monthly basis and after we declare the rate then you can view your profit in your portfolio.

You still entitled for one day interest on 25 July if you withdraw before 9am on 26 July.

Kindly refer below on the PMMMF dividend calculation.

Formula: Amount x Dividend Rate x Day / 365 = Total Dividend

For the T + 0 withdrawal, means that you will receive the money in your bank account (if Maybank account) on the same day you make a redemption transaction.

Nice. I didn't even bother about this. All I bother is
1) I sell, I can get back my money
2) how fast I can get back my money
3) stuff which give me the highest interest

If you want to boost it, can try parking money in amanah saham fixed price fund. Min 6%p.a. To buy and sell is a hassle.

Haha, I'm using this as my temporary savings for the high interest compared to OCBC 360 savings account 2.9% before ASNB top-up/paying loans/bills.