Yes. Provided the interest don't change cause their interest change monthly.
2.4% is net management fees already. So yes you will get the real 2.4%.
Keep for one day also you will get interest which wi be credited next month.
1000 X 0.024 X 1/365 = RM0.06 per day that's provided next month interest remain the same.

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.

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.

since they have a promotion of 0% sales charge, I decided to try them. Any advice from sifu disadvantage of this eUT compared with FSM?

Don't worry, uncle.
They frequently offer 0% sales charge, only minimum is rm5k start

FI?
Nomura not bad, amincomeplus oso good for short term parking
Uncle can use their sorting filter to filter it ma, find the highest return with lowest volatility lo

Why scared?
The drop is due to distribution???
Check first

Boleh guna FSM tengok le
Uncle go read the fund factsheet
My hp can't upload pic 😂

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 Mandare:
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