My rm1 put yesterday still cannot see inside

RM 1 can buy?
I thought min initial investment is RM 1000.
Min additional investment (top up) is RM 300.

This post has been edited by GrumpyNooby: Jul 21 2020, 12:24 PM

When i opened my acc last they also asked to try out a transfer of min rm1 from own bank account to them and it will be invested in PMMMF. Cant fully understand the relevance behind this

This procedure is for account validation only right?

i believe so and now my account open
my RM1 hilang
transaction history also no show got RM1
i also dont know how, maybe they cheat
if RM1 also want to cheat let it be la


i have more question, does the below 2 fund also give 2.4%?

or should i just put money inside PMMMF?

Have you checked your bank account if the RM 1 has been reversed?

i just login my maybank check got RM1 deducted yesterday but today tak ada duit masuk balik

Money will appear tonight if it's Maybank.
If not Maybank then it's tomorrow.

This post has been edited by Ramjade: Jul 21 2020, 05:19 PM

no la, the standard is they will take ur RM1 to invest in their money market fund

u havent get to see it because the buy process of MFF take up to 2 days* (i forgot how long but it should be around this)

after that u can sell this holdings and withdraw to ur bank

thanks for all sifu info
so my next question is both PMMMF vs PMICF same same?

For now same in terms of returns. Others don't know.

This post has been edited by Ramjade: Jul 21 2020, 08:53 PM

PMMMF Mandate:
Primarily in government / government-backed securities, bills of exchange, negotiable certificate of deposits, promissory notes, call deposits and other short-term government/ bank-backed securities and money market instruments. There is no minimum asset allocation for Phillip Master Money Market Fund as it is 100% invested in fixed income securities and / or money market instruments.



https://www.eunittrust.com.my/pdf/Factsheet...00072020_fs.pdf

PMICF Mandate:
1. At least 90% of the NAV of the Fund will be invested in Islamic money market instruments and Islamic Deposits which have a remaining maturity period of not more than 365 days.
2. Up to 10% of the NAV of the Fund will be invested in Islamic money market instruments and Islamic Deposits which have a remaining maturity period of more than 365 days but fewer than 732 days.



https://www.eunittrust.com.my/pdf/Factsheet...06072020_fs.pdf


I don't see much huge difference between them.

Thanks for the info learn something new today

Good morning today it reflected 2 units of PMMMF so they did not cheat my money
2 units mean rm1

😁 Uncle, morning.
They cannot cheat u punya,
Sudah lama operate ma.
Nanti mrk fikir apalah uncle ini kasi rm1 aje.
Cepat2 kasi boom 10k 😝

This post has been edited by ironman16: Jul 22 2020, 09:28 AM

If there's element of fraud, can always lodge a complaint to SIRDEC.

No fraud don't worry

actually the user interface is not as bad as i have read here. still acceptable to me.if they have an app for this in future then would be even better.