Hi all,

I have some questions.

Recently, FD rates are low now. It is a good investment to consider money market fund since it is low fees as compare to other types of unit trust fund and waiting time to withdraw is probably about 2 days with no charges.

The typical return to investor is 6 months or one year based on the NAV at that time.

Does my understanding correct?

Will it be the return for money market fund will lower than banks FD promo rate about 2.80%?

Possible. You need to see the rate every month. It will change monthly. Highest is Philip money market fund.

This one?
https://www.eunittrust.com.my/pdf/Factsheet...00042020_fs.pdf

Yes.
https://www.eunittrust.com.my/Home/FundDetail/?fcode=001100

It is a fixed NAV fund.
Basically no need to track at all; probably once a month right?

I think distribution is once a month so rate is refreshed monthly

in a way MMF funds somehow rate will be affected by OPR as well.

*I guess only*
The distribution will give you extra units but NAV is still fixed at 0.500.

Correct it is how fixed NAV MMF funds works.

Now I'm more curious on this "Monthly income*distribution (calculated daily)".

Let's say it has a fixed date for monthly distribution on every 30th.
If I deposit RM 1000 on 1st and redeem on 15th, with NAV fixed at 0.500 during buy and sell, I gain nothing.
But at the end of the month, will I still get the "extra units" for the 15 days provided if I still got units in the account.
If I do a full redemption on 15th, do I lose everything?

This post has been edited by GrumpyNooby: May 17 2020, 04:17 PM

Yup you just need to see what's the rate you are getting for that month (once a month)

Even if you putting for one day and sell all, you will get something on pay day. Personal experience.

This post has been edited by Ramjade: May 17 2020, 07:13 PM

*disclaimer * not 100% sure but I think it will

I saw the factsheet it is distributed monthly, but calculated daily

so i think if you sell all, but when come to monthend, ur distribution will still be credited to your account even you have sold all.

I've got some investable money. I'm seeking opinions whether I should park this money in money market fund or invest in Stashaway lowest risk index.

Not looking at Bursa for now as the index has got up substantially

So, if i'm not wrong - this is the best place to park some money right now?

the interest rate for saving accounts are super low right now

Bear in mind that money market fund is also subjected to OPR movement risk.

Depends on the fund asset allocation either how much weightage into short term debt papers (less 365 days or up to 2 years).

Some money market funds are purely into deposits; not debt papers.

Not all money market funds are created equally. Read the respective fund PDS/PHS/FFS.

This post has been edited by GrumpyNooby: May 20 2020, 11:22 PM

Why is Philip money market fund better than let's say Maybank FD rate?

If I compare Maybank 12 months FD, current rate is 2.1% p.a but Philip money market fund 1 year performance is only 0.9%.

Do I miss out something or I don't understand correctly?

Go to https://www.eunittrust.com.my scroll down and you will see returns of the money market fund returns for that month.

curious why nobody talks about the RHB Cash Management Fund 2 offered in FundSuperMart?

Comparing the recent rates vs Philip Master Money Market, quite on par.

I deposited on 28th Jan 2020 till now, my annualised return is about 2.8% p.a.

or is it easier to open account in Philip Mutual?

Rhb takes longer to withdraw money. Phillip is same day if use Maybank and put in withdrawal before 11am.
Last time Philip rates was very high like 4.1% while rhb was like 3 5-3.7%.

This was before feds cut interest to zero.

I think 2.8% is still better than the current promo FD rate. But only if the rate is consistent over then past months.

However, after deducted the management fee and annual fee is it still better than the FD rate?

When you buy with FSM, do you still require to open account with the participating bank/financial company offering the fund?

This post has been edited by rocketm: Jun 2 2020, 02:13 AM

2.8% is after all the fees.
No need to open unless you are buying PRS. If PRS yes you need to open.

For the emergency funds, is it better to keep it in FD or MMF? Or is it better to keep a mix between both?

FD is interest rate is known upfront and locked upon placement but cannot uplift prematurely as earned interest could lose (varies from bank to bank).

MMF is sort of daily interest. Its performance is tied much tied to KLIBOR and OPR movement. Redemption/Repurchase could take days depending on fund manager platform (some could be fast as in T+1 and some could be slow up to few working days).

I don't even bother with FD. I use money market and cash .

Cash as in hard cash?

No la. Put in banks account.

Money market fund for emergency funds and saving account for funds that form part of my monthly budgeted expenses.

Everything else is invested in various asset classes from low - high risk.

Best,
Jiansheng

i try to check what is the latest Phillip Money market Fund interest rate, but found latest rate 2.7% for Mac 2020

Anyone knows where to check the rate for Apr or May 2020 ? Is it still around 2.5% or already below 2%?

From Factsheet:


May ROI:


Fund Factsheet:
https://www.eunittrust.com.my/pdf/Factsheet...00052020_fs.pdf

Fund Page:
https://www.eunittrust.com.my/Home/FundDetail/?fcode=001100

thanks.
looking for avenues to dump my MBSB FD money,
heartache now 3% at BR

A stupid question here. I bought some of the fund and how exactly do I see the interests? It's not really visible from the dashboard. the NAV is always 0.5.. lol

Edit: OK just realized they give payouts on 1st of every month

This post has been edited by MrTaxxi: Jun 29 2020, 11:43 PM

But what if we buy at 1 Jan and sell at 16 Jan, will we still get the dividend?

Yes still get.

June ROI

Would like to ask a noob question.

Notice that PMMMF is fixed NAV but with monthly distribution.

However, RHB Cash Management Fund 2 (RHBCMF2) has variable NAV but no distribution.

If I want to know which is better, what metrics do I look at for an apple to apple comparison?

This post has been edited by asil66: Jul 18 2020, 10:23 PM

For performance can try compare by calender year ROI track record?
Is their 3yr volatity% same?

Thanks. Just saw I can compare their cumulative growth % across different periods. RHB is slightly more volatile than PMMMF. But overall I think PMMMF is better.

May I know if we can open a PMMMF account without going thru an agent?

This post has been edited by asil66: Jul 19 2020, 10:27 AM

googled and found this...
maybe you can try explore into this site to see if you can buy it without going thru agent?
How Do I Purchase Unit Trust Funds?
https://www.eunittrust.com.my/Home/HowTo

This post has been edited by MUM: Jul 19 2020, 12:06 PM

Check the returns.
Fsm money market fund return is listed on product page
PMMMF is on homepage.

PMMMF is quoted at 2.4% pa (for June 2020) while RHB CMF2 is quoted at 2.168% pa (upon login - Nett Interest Rate)

This post has been edited by GrumpyNooby: Jul 19 2020, 02:32 PM

do consider Stashaway Simple

It takes 2-3 days to get money out.
PMMMF takes same day if using Maybank before 11am

yup, you are right. no worries ada cc to cover it.... 🤣😂

btw, the return frm sa simple seem a bit higher after deduction of expenses..

anyway, both are good product with pro n con, end of day, depend on individual... which one suit him more

This post has been edited by seanlam: Jul 20 2020, 08:31 AM

Thanks @Ramjade.
On FSMOne, seems like currently the best performing money market fund is Pacific Cash Fund (referring to 1-month & 3-month returns). They are invested 100% in deposits. But seems like their performance is slightly better than PMMMF. Is there any catch that I may have missed? NOtice PCF's volatility is slightly higher as well.

This post has been edited by asil66: Jul 20 2020, 10:32 AM

The downside is depo and withdraw is taking too long and u lost interest per day due to that slowness

hi. total noob here, just stumbled across PMMMF , and would like to get some advice
how would be the best way to "put money" into PMMMF?
eunittrust? fundsupermart?
is there any place i can get a reference on that? thanks..

fundsupermart NO sell PMMMF
for reference try post 28

This post has been edited by MUM: Jul 20 2020, 04:05 PM

FSM doesn't carry PMMMF.
euT is under Philip Mutual.

This post has been edited by GrumpyNooby: Jul 20 2020, 04:05 PM

Ok noted thank you

Alright thanks.

PMMMF is better than FSM CMF as it provide higher return

May I ask buying PMMMF require to open a brokerage account with Philip mutual or any CDS account is fine?

The website mention can open an account online and fund the MMF using bank transfer to the designated account. Yet, I cannot find their online account page.

do you mean this?
Phillip Master Money Market Fund?
sort of UT money market fund?

if yes, i found this in the site...
How To Open Account
https://www.phillipmutual.com/help-centre/h...o-open-account/



This post has been edited by MUM: Jul 21 2020, 09:56 PM

No brokerage or CDS account needed.
All you need to do is go to https://www.eunittrust.com.my/Home/Index, click "Open an Account"

Thanks for both of your reply.

Yes, I saw the information in Philip Mutual page.

For the eunittrust, what are the charges for investors to use the platform to buy fund besides the charges by the fund itself.

try this?
Online Sales Charge
https://www.eunittrust.com.my/Home/FundCharges

also if you are concern of the sales charges and if you are not in a hurry to buy one...periodically they have 0% Sc promo

ok, just to clarify, the page does not stated the amount of each charges but do they no have charges to investor and just a remainder to investor that all fund have charges (exclude promotion)?

For the charges by the fund itself, we need to refer to the fund sheet attached in the platform or from the fund company website.

if you mean PMMMF, then refer to post 28.....
there is a link to the factsheet....as that fund is from Phillip

for other funds...i think should refer to the website,.....before you buy they "should" display the charges to be incurred.
as the Factsheet is by the FH...thus the SC printed "should" be for general use and may not applies to buying from eunittrust

I completely agree. Now is a good time to consider investing in a good money market fund for safety purposes. They're less risky and provide a decent return. See this article for more information: https://growthrapidly.com/money-market-funds/

Why now given OPR is on the downward trend?
Return on money market fund is not affected by OPR trend?

No money market fund will beat FD promos. Especially now with so low FD rates. To earn the 0.5 percent Management Fees they need to climb up to 3.25% compared to the 2.75% Bank Rakyat offers. Thats almost 20%, no fund manager can do this with zero risk MYR papers.

FD promo cannot remove early.
2.4% is already nett fees.

Some money market fund already beat FD promo.

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

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



Attached thumbnail(s)

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.