https://my.morningstar.com/my/report/fund/p...px?t=0P00008ME1

It should be this fund for Versa right? Annual returns look ok. Is it because it's not meant to be linear returns monthly like FD, and you've only observed for a one month window?

Not sure, just guessing.

Any answer to this?

General question - do we expect MMF returns to increase when BNM eventually raises the interest rates?

Basically, will there come a point in time when FD returns will be higher than Versa/Simple?

My understanding is that MMFs have holdings in FDs anyway, so I would expect the returns to also move up in step with any interest rate hike?

Agreed with the above. I'm only using Simple for simplicity in transferring into their main Stashaway ETF portfolios. Park lump sum into Simple to DCA and forget. Could do it manually but too lazy for that small diff in %.

But otherwise, Versa is main MMF for me.

Where were all these low-barrier money management/investment platforms all those years ago? All the youngsters coming in now have it good lol.