You can forget about Stashaway simple. Lousy. It takes 2-3 days to withdraw your money.

IMO Versa best because fastest relative to gains (StashAway slow withdrawal at least 3 biz days to arrive back in bank account, TnG GO+ fast transaction but gains bad)

You can invest in MMFs through conventional investment platforms like Public Mutual, Affin Hwang, HLAM, FSMOne etc. Just that compared to the 3 you listed, starting capital + minimum deposit is quite high. The three options you listed because they essentially "pool" users money together and invest on behalf, you can deposit as low as RM1.

Also I recall FSMOne go their own MMF called Cash Solutions, but I never used so I'm not familiar.

This post has been edited by DragonReine: Apr 1 2021, 02:40 PM

Breakdown on terms in daily returns, Versa beats them hands down with RM1 returns is RM0.0009 while GO+ is the lowest at RM0.0004

SA simple forget about because the underlying fund is lousy coupled with slow redemption. You will be better off with projected Versa returns this year and better flexibility in withdrawals as it only takes 1 business day to received the money

I thought SA simple and versa has the same projected 2.4% pa? Did i miss something?

Projected returns doesn’t means guaranteed returns for YTD as the projected as based on 2020 returns

Current projected rate for Versa is 3.0% pa for the month of March while last February was the highest at 3.1%

MMF are flexible returns hence you need to track every 2 weeks to see your returns are better or not because the impact of fund movements will have impact on the returns which is why Versa if the trend is following Q1 for the next 3 quarters you will be probably see the returns for 2021 as high as 3.25% while as low as 2.65%

Don’t look at too much projected returns are most of the rubbish just look every quarter or YTD for better analysis

"projected" isn't really useful indicator of how much funds will return

MMFs fluctuates like any other unit trust, just that fluctuation isn't very high.

If you want to guess at MMF returns, you need to study the past distribution, YTD, 3-months and 1 year returns.

Versa's partner fund HWAEDEP at the moment is leading ahead of StashAway Simple's PRUISIN very slightly.

Thanks for the info

Just wondering how does it work and how Versa gains better than StashAway. From what I read on their respective website.

Versa's interest is 2.46% minus 0.30% Management Fee and 0.05% Trustee Fee = 2.11%

Whereas, StashAway interest is 2.4% minus 0.165% Management Fee = 2.23%

Don't read Versa and StashAway's projected rates. They're predictions that look nice to attract customers. The real tracking is following the underlying funds HWAEDEP and PRUISIN, you can follow on sites like MorningStar. Study the 1M, 3M, YTD and 1Y returns, look at the portfolio, and you can make a more educated guess on the actual returns.

PRUISIN (StashAway Simple): https://my.morningstar.com/my/report/fund/p...px?t=0P0000GEZP

HWAEDEP (Versa):
https://my.morningstar.com/my/report/fund/p...px?t=0P00008ME1

PRUISIN's heavier weight in deposits is most likely going to bite the fund's earnings unless low interest environment improves abruptly in later half of the year

Versa 2.46% in 2020 is after minus the management and trustee which the actual returns in 2020 was at 2.7% before OPR was dropped hence which is they are still able to return that amount

When you invest MMF pls don’t look a thing 1yr as it misleading most of the time because if 1 to 6 months timeframe because it short term gains not for long term yield

Yeah, YTD and 3mths are my benchmark in terms of returns but looking after q1 performance seems like Simple going to below 2 for this year for sure while Versa should be able return 2.3% unless rate hike which should push it to 2.7%

PRUISIN the problem the Shariah rating hence returns are should be 0.3% lower than Versa which is not surprising

Agreed with the above. I'm only using Simple for simplicity in transferring into their main Stashaway ETF portfolios. Park lump sum into Simple to DCA and forget. Could do it manually but too lazy for that small diff in %.

But otherwise, Versa is main MMF for me.

Where were all these low-barrier money management/investment platforms all those years ago? All the youngsters coming in now have it good lol.

Thanks for this Sifu! Do you have the link to TnG GO+ to monitor?

Opus money plus here anyone?

I'm not sure GO+ is linked to which MMF, Principal e-Cash Fund got Class A and Class B, so can't get comprehensive data.

To think that in those days for those who don't like conditional high yield accounts the best we could do was FD laddering trick to get this level of % earnings without sacrificing liquidity too much even then it's a very imperfect system because minimum usually need RM1k++

This post has been edited by DragonReine: Apr 2 2021, 05:21 PM

Not really because in high interest environment most will use short term FDs which is still high at 0.5% per month while MMF in those days were 0.2% per month

But now in low interest environment MMF is only good for short term because you will hold to wait opportunity

Should be class A but with go is rubbish because the underlying fund price is RM1 while returns fluctuating the range of 1.35 to 1.6 which ridiculously useless as their rates is just minus 0.33% on average over OPR

since Versa is buying fund from affin hwang enchanced deposit fund, what are the differences here if I buy the fund directly from affin hwang enchanced deposit fund instead of going through versa?

can i assume both versa and affin hwang enchanced deposit fund offer the SAME return and also both charge the same expense in term of management fees and trustee fees?

i do know affin hwang enhanced deposit fund incur higher initial deposit but that is not my main concern here, i am more interested in the return

Other than affin hwang enhanced deposit fund, which other fund house in malaysia that offers the highest MMF return? I heard about public bank e-cash deposit fund that is used to offer 3% per annum but not sure it is still true now.

This post has been edited by dummies: Apr 5 2021, 10:18 PM

Could be speed of withdrawal. The only other good MMF is Phillip Masree Money Market fund.

Versa only advantage is faster withdrawal which is next business day while everything else including returns are the same

Public Bank still Pecef but don’t expect stellar returns from them now as they are known for rubbish returns while locking up ppl’s money you be better off buying their share or Lonpac if you are keen to hold long and dividends return

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