Basic rubbish product as it will fluctuate daily hence for gain of rm0.01 to rm250 deposit basically useless to the point to There too many suckers in the platform to be sucked into it

The key is to demand that they should return at 1.8% at OPR rates otherwise suckers who are into it basically just robbed of the returns of 0.33% for doing basically nothing and just making CIMB richer

Principal just basically smoke and mirrors to CIMB

If you’re comparing to Versa itself better liquidity with better rate of returns with 0% expense ratio while Go is just basically 0.33% go out the drain for consumers

Hence consumer awareness and education are important because when there’s no demand they will most likely have to raise the rate of return in order to attract new funds into it with the current climate

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

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

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

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

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

Just to win the grand prize really crazy how much deposit you need to put to be the highest

No point wasting time just to win the earbuds

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

Direct would the data would be available to Versa only even AHAM have no access to it as it is a separate portfolio

Free gifts entice to sell your data to marketing agency hence RP is pure marketing agency which will cross sell to all its clients

Yes there would be earnings but unless the investment it is small you wouldn’t see any returns

For your case because you have withdraw before earning cutoff hence no interest being given on your returns

You should withdraw on Thursday before 12pm instead to see daily interest of rm0.0009 to RM1

Interest only Tuesday and Wednesday as Monday is the deposit to be converted in the funds after 12pm

Tuesday will be interest accrued because adjusted buying price from Monday not on Tuesday

Payout it is every fortnight because they adjust the price and added more units as bonus

If you want better liquidity yet earning interest better off going with Frank because GO+ is rubbish earnings lower than OPR rate

Your overnight interest is only 0.4% while dividends are yet to be payout by this weekend and it’s 0.18% estimated

So your returns this week based on the deposit is only 0.58% in total

Sorry my bad

Yes it is 0.004% per deposit of more than rm100 plus 0.126% every fortnight

This post has been edited by xander83: Apr 15 2021, 10:55 AM

Overnight interest is to compensate 1day delay in processing during weekdays and 2 days during weekend

It’s not a bonus just accrued dividends/bonus to be payout after adjusted units every fortnight

Don’t compare GO+ because it is a fund that invest MMF at a fixed rate of RM1 and the returns are calculated by OPR-Expense Ratio at base rate of 1.35% pa daily

Anything above is because more deposit than withdrawals hence they are able to give you bonus which is not daily by the way as their base rate of return is RM0.0004 per RM10 invested which is a total 1.35 to 1.6% range

Versa is good for deposit after Friday 12pm and withdraw by Thursday only to received by next Friday 7pm but you only can do it during non payout weekends otherwise lose the adjusted bonus units

But if you were put rm1000 with liquidity, flexibility and compounding Frank will lead

It is all the difference in earnings/payout/interests

Frank will save you time and money because you don’t have to reload and Fpx which waste of time for such a small returns

As long as Frank is giving OPR rates at its current offerings it is a good to park for cashflow

Better if they give higher rates

It is not lower but adjusted to base unit rate of 1.17 iinm

Why bother asking as you have already answer own question

Already stated clearly on 13 at buying price at 1.1723

So now you divide the final amount with units and it will give you the current price

Then you deduct current price minus buying price divide by percentage

Why bother to calculate such amount as it gives you rm0.00009 to every RM1 daily

Don’t bother such a small amount and put your money into actual investments like FSMone, StashAway, Akru