So when will the interest be declared every month? Has the interest for July been declared already?

Yup just declared today, I checked just a moment ago, I believe the nett interest rate is 3.6865%.

3.6865%*5days/365*RM10000 = RM5.05 interest

Yup its basically that interest for month of July in calculation. Do they actually tell us anywhere that the month of July's interest is 3.6865%?

Yup. Received my payment. I noticed they have been paying on the 1st of every month.
It's available on https://www.eunittrust.com.my/
Scroll down and you can see how much is the rate for the month.

Another place you can check is fund factsheet of the fund.
https://www.eunittrust.com.my/Home/FundDetail/?fcode=001100

This post has been edited by Ramjade: Aug 1 2018, 10:43 PM

Yup I see it, Thanks!
Btw, the interest given is calculated based on how much you have on each day of the month right, i.e. 5 July $100, 10th July $80, 20th July $200? I'm assuming its not based on the whole month's lowest amount correct?

I know there is a fee for purchasing PMMMF less than RM500 through FPX. How about selling tho? Will there be a fee charge for selling below RM500?

For full withdrawal on Phillip Master Money Market Fund within the month, any income distribution shall be paid on the 1st working day of the following month only if there is a balance after deduction of RM 5.00 for administration fees.
http://www.phillipmutual.com/wp-content/up...g_Form_2014.pdf

No fee charged for selling below RM500, I just withdrew RM5.05 of interest on Aug 1.

Oh I didn't know there is a RM5 admin fee, perhaps the total shown in the account is reflected after the RM5 deduction?

I got no idea....(but the wording from that earlier sentence suggested to be "YES")
but since you had the $$ in that fund, and you had withdrew the RM5.05 of interest on Aug 1,....try do the reverse maths on the estimated amount of dividend you should get with the amount of $$ you have in that fund?

As above, so I doubt there's a RM5 fee, and I managed to withdraw the RM5.05 interest.

Did yiu redeem all yr available unis or just the rm 5.05 equvalent units?
Full redemption or just partial withdrawal?

This post has been edited by MUM: Aug 9 2018, 09:27 AM

full redemption of 10k few days before the 1st Aug, then RM5.05 on 1st Aug

This post has been edited by Sumofwhich: Aug 9 2018, 02:15 PM

10K if at 3.75% pa
abt RM7.20 per week of interest

Here you go. Interest changes more or less every month but they have been more than Egia since Egia drop to below 3.5.

Check the fund fact sheet. Yes take slightly longer time. Keep in mind each transaction better be in RM500 (have to read the TnC again). For me doesn't really matter as well my transaction with them memang >RM500.

No one is going to give you 3.xx/day. Is 3.xx/year.

Thanks mate, will vet through the mentioned and the thread as only 17pages here.

Just submitted online application, unsure it still require me to submit the signed form, as at the end it said required sign account opening form and IC copy to be emailed to the company address, but there is a attachment file plugin for me to upload IC, uploaded IC only. But it said the representative will contact me soonest possible.

You need to print the form, sign and email to them along with your scanned IC. I think online application is just to facilitate the form filling so that you no need to fill in the form manually

You are right, I have received email from the office request for signed application via fax or e-mail.

More info can be found in this thread. I wrote a short summary at this link.
https://forum.lowyat.net/index.php?showtopi...post&p=89986305

Just reply to this thread.

This post has been edited by Ramjade: Aug 19 2018, 09:28 AM

Bro, based on the tnc, we should be charged RM5 if we withdraw full amount? I understand you don't get charged despites few times done with full withdrawals.

So by right, how much should be left in to avoid the RM5 charges ya?



OT: in Singapore, any place could be like this fund that good to park for temporary fund? Thinking to park while in the midst of learning to invest in SREITs.

I saw you mentioned Citibank MaxiGain is the easier, but min 70k oh, right?