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

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

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

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

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

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).

Cash as in hard cash?

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

June ROI

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

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

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

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

He's a huge fan of PMMMF.

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

PMMMF return as of July 2020

How long you bought this money market fund?
Based on the distribution history, how fast they credit the "new" units provided distribution is reinvested?

You buy directly from Maybank?

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/