Baru reflect
Now need to wait for them to verify my bank account (up to 3 business days), then I can try to withdraw 1 unit to test water



This post has been edited by cr7jyej: Feb 4 2021, 06:30 AM

Mine appeared on versa on day 3. Allocate plus also has portfolio with fund.
On allocate, cannot sell. It say cannot redeem or switch.on that portfolio , no buy button. If I want to invest, must select that fund and buy. Don't think it will reflect same portfolio.
On versa, has my initial deposit and overnight interest. Now trying adding bank account as well.

I got my overnight interest on Versa. Testing the app also.

Update- withdrawal minus money from versa.
Now waiting for money to deposit.
Allocate plus still showing full money

This post has been edited by ericlaiys: Feb 4 2021, 07:32 AM

Allocate plus set redemption to sell

Any difference from Versa and allocate in terms of deposit and withdrawals?

Thanks for the replies.

Like I mentioned, I'm very new to MMF. If you ask me, I think barely know about the implication of OPR.
Tried my best to understand the concept, but it's still very abstract to me.
I'm not a professional in finance, economy, you see. The product fact-sheet is filled with finance-jargons. That's why I am asking.

Thanks to you, I manage to know that MMF allocation consists of interest-imposed products available in bank.
Btw, what's TIA? My search results are not helpful at all.

And it seems that the amount of returns from those products was determined by OPR, I presume.

May I know if all the following products/instruments depending on OPR as well?

Asset allocation: 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.


Section Allocation as at 31st Dec 2020:
100% Cash, The Fund invest in Short-term Money Market Instruments and Placement in Short-term Deposit only

May I know what's the significance of different weightage of cash/bond in a MMF product?

TIA = Term Investment Account

Example of such product: https://www.cimb.com.my/en/personal/day-to-...-account-i.html

If opr goes down, bond yield (but price goes up), fixed deposit interest, loan interest, savings account interest all drop.

Since mmf invest in FD and bonds, if interest rate drop, MMF is getting paid back lesser. Hence return in MMF also drop.

Opr is basically central bank interest rate. Dropping interest rate is thought to stimulate the economy as debt now become cheaper which means company save more by getting cheap debt. The savings use can be use to expand business.

Of course if interest rate drop, savers lose. You don't even need to know the details of it or how or why it happend. Just know that opr drop, all interest drop. Less headache.

Amount of cash is important. Cash doesn't give any interest. Hence the more cash a unit trust keep, the lesser the return as you are keeping something which does not increase overtime.

I have no background in finance or economy but this simple stuff is simple. Just keep it simple.

This post has been edited by Ramjade: Feb 4 2021, 12:14 PM

allocate plus T+3 days buy and sell (for each of activities)
so far versa deposit is T+3 days. Got interest when did not commit buy (sat,sun, public holiday).
Allocate plus - no interest if u bank in sat,sun, public holiday.
withdrawal - just tested today. will update when reflect

This post has been edited by ericlaiys: Feb 4 2021, 02:34 PM

Deposit still slow no matter what only thing now see how’s fast withdrawal is

BNM unlikely to cut OPR further in 2021 — Affin Hwang

KUALA LUMPUR (Feb 4): Bank Negara Malaysia (BNM) is unlikely to cut its overnight policy rate (OPR) any further from the current 1.75% in 2021.

During a question and answer (Q&A) session at Affin Hwang Capital’s Malaysia Economic Outlook and Construction Sector Briefing today, Affin Hwang chief economist Alan Tan said that as it stands, BNM cut the OPR by 125 basis points (bps) last year, and that the central bank feels the current OPR is supportive of economic growth.

“Therefore, we believe that the central bank would likely leave the rate at 1.75%."

https://www.theedgemarkets.com/article/bnm-...%94-affin-hwang

what info and steps for them to activate it?

Just select the fund and buy

Update- my bank account updated and approved

oh im asking him regarding those of us who already invested in affin hwang via fsm, whereby we are not allowed to open an account via allocate plus directly.

I can. I got FSM account and allocate plus.
Also have fund on both. No issue

that's strange. when i try to verify my account, it says my IC has been used (ie for affinhwang via FSM). then can't proceed d.

Affin Hwang just sent me an email and want me to activate my i-Access account cause i bought units thru Versa 🤔

so can buy directly via i-access also?