CMF2 a teeny bit better than Simple and GO+ but I don't think can beat Versa's HWAEDEP base I might be wrong, I haven't researched thoroughly into RHB CMF2, only know that it's used for FSMOne users to park extra cash for DCA investing

This post has been edited by DragonReine: Apr 8 2021, 08:06 PM

Before further comments. Just to double confirm.

https://support.versa.com.my/hc/en-us/artic...I-pay-any-fees-



So, 2.45% p.a. is the fund's actual return (for illustration purpose of course, return fluctuates all the time), management fee and trustee fee are the fund's fee right? (So far I check with the fund's interim and annual report, the 2 fees tally in number).

https://nadiablob.blob.core.windows.net/fun...2FIR_EDFHCF.pdf

So Versa does not take any upfront cost? (except that they take trailer fee back-end)

If this is the case, Versa actually beats RHB CMF2 by dozens or scores of basis points.

https://my.morningstar.com/my/screener/fund...&sortOrder=desc

Consistent performance for past 10 years, always in top quartile.

It seem RHB failed to hire good fund managers even for their safest fund

This post has been edited by TOS: Apr 8 2021, 08:38 PM

Tried downloading and installing the Versa app. All seems fine. Then after inputting my email for registration, I can never receive the verification code. Check spam and trash mailbox also found nothing.

Very bad user experience lol

i deposit first time to Versa this morning after i registered with them, it has been more than 9 hours, it is still not yet confirmed, how long it will take for versa to confirm my deposit?

You need to wait for account to be approved. You register does not mean account approved straight away. Usually take 1 day.
Now is you wait or message them and asked.

In my opinion: Versa ask few private and confidential questions during new account opening. To avoid money laundering, I think deposit only from bank account with same name is enough. Versa ask the name of the company we work, job title and salary. Due to this few questions, I decided NOT to migrate my money market fund from FSM to Versa.

i think most if not all fintech ask those same questions

are all money market fund having the 'almost same' rate?

Yea mine too. Took few minutes until i received the code.

I just open account on tuesday. Yesterday account approved. Deposit in transit as of now.

Even FSM will ask you for all that info. If you don't have, wait for it. Once a while they ask you to update all the above details

More or less the same. Last time no. Now with interest rate at rock bottom, everyone rates is more or less the same.

After fees the projected rate 2021 is something like 2.15 to 2.2%, based on my speculation and the 1M/3M/YTD performance. 2.45% is 2020's final rate after fees

and yep, Versa takes no upfront cost or fees

This post has been edited by DragonReine: Apr 9 2021, 08:33 AM

FSM does this too. It's part of country's measures to prevent money laundering and opening of mule accounts. Registered fintech and financial entities all have to do this.

Your projection not too far off from mine after Q1 I calculated the final projection would be around 2.18% for this year

Basically the set questions are set by SC as part of eKYC minimum requirements for digital MMF as part of their risk management

no PIDM protected for investment.
wanna protected just go with FD or saving acc

I have received multiple spam messages in whatsapp, following registering for Versa via RPlus, has anyone else receives similar spams?

Nope. I register straight via Versa, no such issue.

same. applied last week

Can chime in, no problem with Versa. BigPay, on the other hand...

Okay, I shall write Diana an email then.

but u have already agreed for ur info to be given to 3rd party the moment u apply via ringgitplus