Money market fund
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 Jun 1 2020, 09:19 PM
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#1
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Junior Member
275 posts Joined: May 2020 From: Kuala Lumpur  
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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? |
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Feb 5 2021, 10:22 AM
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#2
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Junior Member
275 posts Joined: May 2020 From: Kuala Lumpur
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QUOTE(ericlaiys @ Feb 4 2021, 02:33 PM) allocate plus T+3 days buy and sell (for each of activities) so far versa deposit is T+3 days. Got interest when did not commit buy (sat,sun, public holiday). Allocate plus - no interest if u bank in sat,sun, public holiday. withdrawal - just tested today. will update when reflect  QUOTE(ericlaiys @ Feb 4 2021, 11:08 PM) Update- my bank account updated and approved hi ericlaiys, hope you don't mind, but i was monitoring your post because I'm interested to keep some cash in Versa for its alleged T+0/1 withdrawal timing.can i confirm that your statement in bold is about Versa? so meaning: i) It takes T+3 days to bank in the money into Versa. ii) You requested withdrawal from Versa and got the money in your bank account on the same day? If yes, do you mind telling us what time you withdrew from Versa and what time you received the money in your bank account? |
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Feb 5 2021, 10:41 AM
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#3
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Junior Member
275 posts Joined: May 2020 From: Kuala Lumpur
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QUOTE(ericlaiys @ Feb 5 2021, 10:36 AM) Yes. Versa very nice, thanks for the clarifying! do let us know when you do get your Versa money in the bank today i) - refer for the transaction to complete. Money deducted after FPX. Process of buying UT and reflect in system so far is 3 days. Confirmed on my 2nd deposit ii) Withdraw done on morning -7am. 1 day - for bank to approved - get an email around 6pm. $$$ ... should be coming in today. Still waiting. Update status when money in the bank... 1st time withdrawal cannot count as first time enter bank info. so they count 1 day for validation.  |
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Feb 5 2021, 11:13 PM
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#4
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Junior Member
275 posts Joined: May 2020 From: Kuala Lumpur
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QUOTE(ericlaiys @ Feb 5 2021, 09:26 PM) Yup bank in already very awesome! what time did the money come in, if you don't mind me asking? |
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