Are you refer to the Philip mmf?

He's a huge fan of PMMMF.

But based on current return it is the highest mmf. Am I right?

2.4% pa as of June 2020.

I think Simple™ with Eastspring Investments Islamic Income Fund also can offer that:
https://www.eastspring.com/my/funds-and-sol...s?fundcode=E026

https://www.stashaway.my/simple

Can but they don't offer near instant same day withdrawal.

are you also taking into the factor such as below?

Rates + speed of withdrawal is my main criteria. I am ok with say higher returns than Phillips but maybe need to wait one day to get the money out.

PMMMF return as of July 2020

I apologize for the slight departure from the OP's post, but has anyone gotten July's dividend on Maybank's Money Market Fund yet??? I lost some money on it Lol

losses can it be bcos of the extra units from distribution not yet in?, Ex date just few days ago?

How long you bought this money market fund?
Based on the distribution history, how fast they credit the "new" units provided distribution is reinvested?

Yeah, July's distrubution is not in yet, weird, it's been 6 days since the ex date, June's was credited on the ex date, only this time it's been omitted



A few months, sitting there waiting for the next crash. Usually they're pretty fast, annouce ex date, same day or next day already reinvested, this time oddly enough my account was not credited with the distribution 6 days since the ex date.

PH, Sat and Sunday...already 3 days not working

Yahoo! Just checked and it's now credited, guess they took a few days off huh haha.

You buy directly from Maybank?

Yeah, since I use Maybank as my local broker, I could just transfer my balance to my Maybank account and just dump straight into MMF there without jumping another hoop and transferring to FSM.

Even if use other bank, it takes one working day to withdraw provided the order is submitted before 9.45 am.

For purchase order, within one working day if the order is submitted by 10.30 am

This post has been edited by Gabriel03: Aug 11 2020, 06:35 PM

Remember that the principal fund invest in money market and Islamic FD which are suspectible to the OPR. With recent drop of OPR, the projection should be amended.

But Simple™ didn't change the projection; i.e. they're confident of securing the projected rate.

Could the Simple projected rate ever change?
Yes, depending on economic conditions, your StashAway Simple™’s projected rate may change, as its underlying fund is affected by Malaysia's economic health and trajectory. We will always notify you in the case of a change in the projected rate. The risk level to which your money is exposed will never change within StashAway Simple™.

This post has been edited by GrumpyNooby: Aug 11 2020, 06:42 PM