Aug 19 2021, 08:41 AM
QUOTE(rocketm @ May 16 2020, 10:51 PM)
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%?
FD have tenure. Get the dividend when tenure mature. Some impose penalty if not yet mature. 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%?
MM no tenure. Some dividend annually some monthly. Up to 2.4% p.a. rates almost same with FD.
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