Outline ·
[ Standard ] ·
Linear+
Money market fund
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Hoshiyuu
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 Mar 24 2021, 10:43 AM
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QUOTE(Ramjade @ Mar 24 2021, 10:34 AM) Alright. I thiugh was still in 2.x% range. That's what I thought too, I was told its in the low 2.Xs but when I checked the underlying funds, it's been sad for a while now, and then I saw some rumors of SA Simple is covering the missing projected gain out of their pockets, which made no sense. So after testing it and double checking with other user's replies, I am pretty confident both of them are returning no more than 1.5% at absolute best.... But I am happy to be corrected! |
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blackchides
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Mar 24 2021, 11:36 AM
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https://my.morningstar.com/my/report/fund/p...px?t=0P00008ME1It should be this fund for Versa right? Annual returns look ok. Is it because it's not meant to be linear returns monthly like FD, and you've only observed for a one month window? Not sure, just guessing.
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Hoshiyuu
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Mar 24 2021, 11:41 AM
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QUOTE(Stashaway @ Mar 24 2021, 11:36 AM) I'm happy to clarify it for you! The Dividend Entitlements for Simple are your dividends earned for your funds invested. Dividend payouts happen at the beginning of every other month. The dividends are declared and paid out on a monthly basis, thereafter, the funds received are then automatically reinvested into your Simple portfolio. https://www.bloomberg.com/quote/PRUISIN:MK?sref=g4LS3DvTThis is expected to happen every month. The rinse and repeat cycle plus the rebates we issue every quarter will help you to reach the projected rate of 2.4% p.a. Assuming that you withdraw before the dividend payout date (ex-div date), you will not be entitled to the dividend payout. Having said that, you will be selling at a "high" as the fund value increases until the ex-div date. Seems periodical rebates is needed to achieve 2.4% p.a. Also, given their explanation, seems like I don't need to concern myself too much with deposit date and withdrawal date missing dividend date as it would be reflected in unit price. |
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DragonReine
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Mar 24 2021, 11:48 AM
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QUOTE(Hoshiyuu @ Mar 24 2021, 11:41 AM) Seems periodical rebates is needed to achieve 2.4% p.a. Also, given their explanation, seems like I don't need to concern myself too much with deposit date and withdrawal date missing dividend date as it would be reflected in unit price. Yeah, quite normal for MMF, since dividends are actually paid out of the unit NAV (it's same for dividend paying stocks, stock price will drop when dividends paid out). Generally MMF will perform better than average fixed deposit rates, so if you look at fixed deposits on offer in the market it's a rough benchmark for what the projected % p.a. rate will be. For both Versa and SA Simple they apparently get rebates from their respective fund houses so they can give a higher projected rate than the fund's projected performance. This post has been edited by DragonReine: Mar 24 2021, 11:50 AM |
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SUSxander83
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Mar 24 2021, 05:32 PM
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QUOTE(ironman16 @ Mar 24 2021, 07:38 AM) I read the the info. T day if withdraw to ewallet b4 cut off time. T +1 day if withdraw to bank. 😁 I doubt the bank withdrawal will work with CIMB running the backend Will be disappointing because for sure the returns gonna be low as 1.83%pa with the current market trend Even additional units should be like VERSA a small low as rm1 for these to work |
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ironman16
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Mar 24 2021, 06:27 PM
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QUOTE(xander83 @ Mar 24 2021, 05:32 PM) I doubt the bank withdrawal will work with CIMB running the backend Will be disappointing because for sure the returns gonna be low as 1.83%pa with the current market trend Even additional units should be like VERSA a small low as rm1 for these to work Jgn harap boleh untung besar With this MMF la. Can play the trick in case need urgent money 😜 |
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SUSxander83
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Mar 24 2021, 06:37 PM
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QUOTE(ironman16 @ Mar 24 2021, 06:27 PM) Jgn harap boleh untung besar With this MMF la. Can play the trick in case need urgent money 😜 MMF never gain only good for liquidity I want to see whether how liquid it is Anyhow Versa will still perform better in terms of liquidity and yield for sure  |
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SUSxander83
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Mar 25 2021, 10:33 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:18 AM) Put in rm10 for fun   So fast? Only on Android? |
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ironman16
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Mar 25 2021, 10:37 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:18 AM) Put in rm10 for fun How come u so fast? My android phone no le, every day I press update. U selected customer to test I think 😁 |
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Hoshiyuu
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Mar 25 2021, 10:37 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:18 AM) Put in rm10 for fun Wow already? How to get access? I am on android and I don't see any update or buttons to use it. |
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ironman16
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Mar 25 2021, 10:39 AM
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QUOTE(Hoshiyuu @ Mar 25 2021, 10:37 AM) Wow already? How to get access? I am on android and I don't see any update or buttons to use it. Not only u 🤣🤣🤣 |
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cr7jyej
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Mar 25 2021, 10:48 AM
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Getting Started
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Wow I tot everyone can access already  I can access it since yesterday, looks like I'm one of the "lucky" one  This post has been edited by cr7jyej: Mar 25 2021, 10:50 AM |
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tsutsugami86
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Mar 25 2021, 10:50 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:48 AM) Wow I tot everyone can access already? I can access it since yesterday, looks like I'm one of the "lucky" one After saw your post, i immediately open my app and also found an icon beside the balance I also put in a bit for testing. |
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cr7jyej
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Mar 25 2021, 10:52 AM
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Getting Started
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Yup, there's a GO+ button Just need to answer a few e-kyc question, fund the account (min rm10) then can already, dont have to reupload NRIC (for verified account i think) QUOTE(tsutsugami86 @ Mar 25 2021, 10:50 AM) After saw your post, i immediately open my app and also found an icon beside the balance I also put in a bit for testing. |
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tsutsugami86
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Mar 25 2021, 10:57 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:52 AM) Yup, there's a GO+ button Just need to answer a few e-kyc question, fund the account (min rm10) then can already, dont have to reupload NRIC (for verified account i think) Not sure when will buy the fund, maybe 4 days later ? One thing i don't like, they combine the e-wallet balance & Go+ balance, we can't immediately know how much e-wallet balance left (need to click the balance only can show the detail) |
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ChessRook
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Mar 25 2021, 10:57 AM
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Wow i will try this
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SUSxander83
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Mar 25 2021, 10:58 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:52 AM) Yup, there's a GO+ button Just need to answer a few e-kyc question, fund the account (min rm10) then can already, dont have to reupload NRIC (for verified account i think) IOS wait until Monday At 1.47% pa daily better off putting into Frank or Versa  |
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ironman16
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Mar 25 2021, 11:02 AM
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QUOTE(cr7jyej @ Mar 25 2021, 10:48 AM) Wow I tot everyone can access already I can access it since yesterday, looks like I'm one of the "lucky" one I open many time but no that button at all, Jgn2 pun active batch by batch 😅 |
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doomx
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Mar 25 2021, 11:02 AM
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QUOTE(xander83 @ Mar 25 2021, 10:58 AM) IOS wait until Monday At 1.47% pa daily better off putting into Frank or Versa Im on iOS and i already have it, also funded the rm10 see how it goes agree with the above, they actually showcase total wallet balance, prefer it to be seperated |
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