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

This procedure is for account validation only right?

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

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.

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

Malaysia 10-year MGS yields fall to record low

KUALA LUMPUR (July 22): The 10-year Malaysian Government Securities (MGS) yields have fallen to a record low of 2.63%, after the nation registered in June 2020 its highest net foreign inflow in six years since May 2014.

Bank Negara Malaysia said on its website that trading yields for the 10-year MGS maturing in August 2029, fell one basis point to close at 2.63% yesterday (July 21).

https://www.theedgemarkets.com/article/mala...fall-record-low

This may impact those FI funds that invest heavy in MGS and/or MGII.

It may impact OPUS Shariah Short Term Low Risk Asset Fund.

Fund Mandate:
The fund seeks to achieve higher returns compared to the benchmark over the short term* while preserving capital** by investing in sukuk issued or guaranteed by
the government of Malaysia and/or Bank Negara Malaysia.

https://www.opusasset.com/wp-content/upload...v=1595423236551

This post has been edited by GrumpyNooby: Jul 22 2020, 09:43 PM

Go open every fund factsheet and read the fund mandate.
Also observe its top 5/10 holdings.

I don't research in fixed income segment.
Others may help you.

This post has been edited by GrumpyNooby: Jul 22 2020, 09:45 PM

If it has MGS, it'll show "MGS"

Example from IPF:

Why panic? It has only 6.8% holding for a 15-years MGS; not 68%.

That's why it's better for him to just keep the money in FD, EPF and SSPN.
His heart is not that strong to sustain market high volatility.
Spend time at banks lounge and can get freebies if place FD (for instance, FD from Bank Rakyat).

That won't work for him as he said "i just dont want to burn my saving that i kept for myself and my wife"

In unit trust, nothing is guaranteed. Things can go south. For investment, there's always a risk-ratio even with the lowest risk financial vehicle such as MMF which is sensitive to OPR cut (interest rate risk).

That's why EPF, ASx FP, SSPN and FD are the best choices for him. He can sleep soundly at night.

Have you ever play Pokemon Go?
You must catch all of them.

Must be attracted by handsome gain shared by WhitE LighteR in FSM thread.

I read RHB Gold And General Fund used to lost close to 50%.
Somebody shared it in FSM thread.

He seems like contradicting his ownself.
One side said "dont want to burn my saving" and another side keeps dumping money here, there aimlessly with the mindset of "just 10k saja ma".
You get my point?

Well, he has all the time in the world.
Let him be then.
Another thing, he's rather impatient too if you got what I said.

This post has been edited by GrumpyNooby: Jul 23 2020, 11:26 PM

REIT can be in malls rental & management or office space rental.
It depends on the REIT operator portfolio and mandate.