If base on opus fund factsheet
https://www.opusasset.com/wp-content/upload...v=1604143129848,

it would seem Opus slightly better (2.05% vs 1.9%) at least for this YTD.

YTD may not be accurate as OPR has been in the downward trend.

Try use 1-week or 1-month figure for rough estimattion:

1-week: 0.03% or 1.56% pa
1-month: 0.18% or 2.16% pa

Thanks. But I think no point as Philip Money Market Fund is also based on YTD. I think maybe likely Opus will perform better as we are not paying any fees as compared to other money market fund

Accoding to the article from The Edge on 3rd Nov 2020: https://www.theedgemarkets.com/article/fint...est-both-worlds

The Versa app will allow investors to withdraw their money within a day, similar to what is already being offered by some of the existing fund houses.

However, Teoh plans to allow Versa’s users to spend the money they have invested in AHAM’s Enhanced Deposit Fund instantly, starting the second quarter of next year.

Also, Versa has signed a memorandum of understanding (MoU) with a global payments technology company, an international financial services company that facilitates electronic fund transfers globally, which will allow Versa’s users to make payments starting next year.

“If the plan is successful, subject partly to regulatory approval, our users will receive a debit or prepaid card that will allow them to spend the money invested in AHAM’s fund instantly. You may walk up to a merchant and make payments with your card. The money will be deducted from the pool of money you have invested in AHAM’s fund. You can also make online payments to purchase stuff by keying in the card details.

“If the plan pans out, it will be the first of its kind in Malaysia,” says Teoh, adding that Grab Holdings Inc launched a similar initiative called Grab Invest in Singapore recently.

Three companies - Pay:Watch, Versa, GetHyred – showcased their solutions to improve employability and financial health among gig workers at the Apec Virtual Finance Ministers’ Meeting (AVFMM) on Sept 25.

The Star > https://www.thestar.com.my/business/busines...aid-gig-workers

BNM > https://www.bnm.gov.my/index.php?ch=en_pres...n_press&ac=5139

PMMMF return as of October 2020:

Good. Hoping the best for Versa

PMMMF return as of November 2020:

Damn it's pathetic now. I have switched to stashaway simple for the mean time. Cant wait for versa. Instant withdrawal.

Some said SAMY is subsidizing the projected return of Simple™.
Real return from its underlying MMF is just 1.9% pa.

Well will enjoy it while it last.

Versa is here!

https://www.malaymail.com/news/money/2021/0...other-w/1944827

Had just registered and pending for personal account verification, wanna try how is this Versa doing
Looks like can only buy 1 MMF.. No other available funds to see there.
For me the important is the redemption processing time The MMF rate is the the extra bonus

PHillip Master mmf still have the fastest redemption time T+0

This is what I captured from Versa apps,


This post has been edited by CSW1990: Jan 28 2021, 05:50 PM

Can fund using credit card?

Not sure, didn’t find this info
When make deposit to Versa the money is used to purchase Affin Hwang Enhanced Deposit Fund. What I know is AH fund do not support credit card top up, don’t know about Versa

This post has been edited by CSW1990: Jan 28 2021, 05:58 PM

do update ur review here.....

if link with affin hwang, i just wait my Allocate Plus settle la.....

It is only restricted to cash management funds.

Ya I know,
If affin can solve my problem, sure I use allocate plus to purchase this MMF, not need middle man. I do saw this fund too in the apps. This fund is the reason I try allocate plus bcoz MMF, easy redeem.
But until today no news 😭😭

Allocate+ seriously is a joke with the app

I thought Wahed and Mytheo was bad enough

any reason to use versa?