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%?

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

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.

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.

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.

Are you refer to the Philip mmf?

But based on current return it is the highest mmf. Am I right?

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.

When I see there is total returns and annualized return, I am a bit confuse which is the indicator that I should use.

Is there any website that I can view Public bank PUBLIC e-CASH DEPOSIT FUND past monthly interest distribution and latest purchase price of the day?

When we want to know the interest rate given by the mmf, we should refer to annual return or distribution per unit?

Here is the link of the fund:
https://www.publicmutual.com.my/ProductHighlights.aspx

Are you guys using Versa and Allocate Plus to buy the Affin Hwang Enhanced unit trust fund?

The return is in uptrend.

Any reason to buy this UT?

Now is SA simple vs Versa. Let's see who will win.

Today cutoff time is 12pm.

Here is their notice:
Dear Users,
Due to Hari Raya Aidilfitri ☪️ , there will be an early cut-off time in processing your deposit and withdrawing funds. The cut-off time for 12 May 2021 (Hari Raya Eve) is revised to 12 pm.
Please be reminded that any transactions made after 12 pm on that day will be processed on the next business day 17 May 2021. (To those who are depositing or whose deposit is in process, you’ll still be earning Overnight Interest) 😊
We apologize for any inconvenience

Any reasonse why SA simple change from Eastspring to amincome fund?

I am interested to know about KID Save and Invest.

If "purely" compare to get higher interest, maybe SSPN, ASNB or EPF are better, disregard the withdrawal rules and interest availability.

Do they mention about the withdrawal timeline?

Also need to clarify with the Fixed return of 3% during promotional period.

3% is for the KDI Save, no management fee for KDI Save.

The management fee charged is only for KDI Invest.

What does both party get?

Just clarify on the compounding. As long as we do not withdraw from KID Save then it is still compounding based on the said interest. Am I right?

Anyone unable to receive OTP during account opening?

I tried on desktop and app also having the same problem.

Notified them and they requested my name, telco network and mobile number then no update from them.