Money market fund risky?
Where you want to stash your money then?

Simple™ competitor?

Versa Collaborates With Affin Hwang To Launch New Digital Cash Management Solution

Versa Asia has collaborated with Affin Hwang Asset Management to launch a new cash management mobile app that allows Malaysians to earn returns similar to fixed deposit rates on their invested money through money market funds. It also offers them the flexibility of being able to access their funds at any time, with no lock-ins and hidden terms.

Versa works like a savings account, but with returns on par with FD interest rates – and without the need to visit a bank. Once you’ve registered an account with Versa, you can then deposit an amount of money into it, which will be invested into Affin Hwang’s Enhanced Deposit Fund. Returns will then be re-deposited into your account and re-invested until you decide to withdraw them.

Versa allows you to start saving at a minimum of RM100, and it charges no hidden fees, including management, transfer, and exit fees. You can also withdraw your money anytime without penalty, with income distribution calculated up to the day of withdrawal.

Article link: https://ringgitplus.com/en/blog/investment/...abYeXgKSc5RxZKA

Versa link: https://versa.asia/

Add on:
Meanwhile, Versa and Affin Hwang AM have secured a Memorandum of Understanding with a leading global payment network with over 50 million global touchpoints to work towards a real-time balance card linked to Affin Hwang AM’s money market funds.

Article link: https://www.malaymail.com/news/money/2020/0...lutions/1893813

Looks interesting, New stuff to try out.

Here is the FFS for Affin Hwang Enhanced Deposit Fund (target fund for Versa).

https://nadiablob.blob.core.windows.net/fun...FFFS_EDFHCF.pdf

If you want to buy directly from Affin Hwang, the min II is RM 10k.
Interestingly to find out this fund is also EPF-MIS approved.

currently im putting my money into Public Mutual MMF.
If not mistaken, all MMF are having the same rate (more or less the same).

I am more interested to know how fast can I get my money back.
Interest is about 2%p.a. Not very good considering simple is 2.4%, Phillips is 2.3%

Check out Opus. T+1 withdrawal time. Can pick mmf or bond fund (unique among all).

if i am not mistaken, he did mention the uniqueness of tis PMMMF previously few times



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Yes, I know that, I also get to know PMMMF from him.
He is okay with T+1, just not sure is he okay with bond fund (slightly higher risk, slightly higher reward), so I ask him to check out, no harm.

This fund is distributing the profit/interest yearly instead of monthly right?

Based on their 2020 distribution is just 1.8%, a bit lower than the Philips mmf.

the that link earlier...
can see the total returns in % of that fund in 1 month, 1 year, 3 years and since inception
can see the annualized returns in % of that fund in 1 year, 3 years, 5 years and since inception
can see the YTD, calendar returns for 2017, 2018 and 2019




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When I see there is total returns and annualized return, I am a bit confuse which is the indicator that I should use.

depends on your uses for it is just a tool...

What Is the Difference Between Annualized Return and Cumulative Return?
Cumulative return and annualized return are key tools in understanding investment performance.
https://www.fool.com/knowledge-center/annua...ive-return.aspx

Is there any website that I can view Public bank PUBLIC e-CASH DEPOSIT FUND past monthly interest distribution and latest purchase price of the day?

When we want to know the interest rate given by the mmf, we should refer to annual return or distribution per unit?

Here is the link of the fund:
https://www.publicmutual.com.my/ProductHighlights.aspx

for monthly distribution data...
try this
https://www.publicmutual.com.my/LinkClick.a...8%3D&portalid=0

for latest purchase price
try this for latest NAV
https://www.publicmutual.com.my/Our-Products/UT-Fund-Prices

i would see the fund performance for that year instead of distribution per unit

This post has been edited by MUM: Aug 23 2020, 10:52 PM

PM doesn't have monthly fund factsheet (FFS) like other fund managers?

PMMMF rate as of 31/08/2020 is 2.05% pa



This post has been edited by GrumpyNooby: Sep 1 2020, 12:29 PM

Is the return better than Opus money market fund?

This is the latest rate for PMMMF: