I put in only RM300 to just test test i guess my mgmt fee will be really expensive as they gonna deduct RM1.50
Thinking of switching to a lower risk portfolio and dump more money then after 1 year come back see result

1.5 out of 300 = 0.5%pm...
1 yr is about 6%pa....
will yr fund generate >6%pa?

just test test water ma
as off today my fund shrink again RM300 starting now only left with RM298 (1 week performance)
then i go in change portfolio from Aggressive to Conservative as off 10 mins ago
their system really need to improve to allow multi portfolio ma so i can maintain all 3 then try try see which one better

follow this thread first, already registered my account this morning...

good luck

I sold some today to take a gauge on how long does it take for funds to reach bank account.

Sold 23.06.2020
Funds in maybank 26.06.2020

FYI those who wants to be liquid

But takes time for them to verify my account?

Which profile are investing?

Raiz Malaysia is using Special Purpose Vehicle for getting more Malaysian to invest PNB funds via Instreet Investment Limited based in Australia to run their robo investing. Low management fee is due to agreement being signed with PNB with them which is nothing as their main goal is to raise capital to shore up their bonds portfolio which actually investing fixed money instruments like PNB,etc which usually give a returns between 1-8%(market dependant) and cutting down on actual sales management fees hence their predatory strategy to win the markets at the moment.

The reason why super high management is usually imposed is due to market conditions which have inflated when the market is on hawkish and bullish run.

Raiz is good for diversification on smaller and stable investment on the long term more for 3 to 5 yrs gain on smaller portfolio.

It was previously callled Acorn before it was listed in ASX hence the name change to fit in their marketing for the Strawberry generation.

Portfolio diversification would be difficult due to regulatory and compliance laws as it is based in Malaysia. Will be interesting if their are gonna JV with other portfolios like Principal, Eastpring or Amundi Malaysia.

From S&P

Raiz Invest Ltd.'s joint venture subsidiary Raiz Malaysia Sdn. Bhd. has secured a digital investment management license from the Securities Commission Malaysia.

Following the grant of the license, the Australian financial services company will be able to market its products in the country.

The regulatory approval marked the completion of Raiz Invest's joint venture agreement with Jewel Digital Ventures Sdn. Bhd., a wholly owned subsidiary of Malaysian asset manager PNB Equity Resource Corp. Sdn. Bhd.

By mid-June, Jewel Digital Ventures is expected to complete its share purchase in Raiz Malaysia for 7.2 million Malaysian ringgit, or 30% of the joint venture. The remaining 70% will be owned by Raiz.

From the apps can we see how many unit and what price we bought the ASN fund?

No apparently. I can only see the rough percentage of which fund I have in my portfolio and value. Can't see the NAV or number of units

Its same issue like wahed not transparent at all on the unit we hold

Is that necessary to know? Newbie here

Yes its important.
Else how do u know whether the fluctuation is correct or not

right on, else its just basically handing money to someone and hope they tell you it increased...
supposed most people just testing it out then

When I press at Account value, it shows my total unit X current market value of the UT. Surely it would be great to show daily movement of the UT price

Just discovered this. Apparently, it does tell you how many units, value and UT price over time. Didn't realise i had to tap into the name of fund to see this info

Below is my holdings in their conservative portfolio. I have about 6k invested.

This Robo only can funding using maybank acc?
Can use maybank MAE to funding?
Feel lazy go to Maybank to open the savings acc just bcoz wanna test this Robo.

cannot cause need tie debit card
-----------additional comment--------------
so far i have throw money inside, withdraw money out and i would say slow la
UT always slow la
deposit money is like immediate they will potong your account
but till the money actually get invested is like up to 3 to 4 days le.. sometimes 5 days - really dont know why since i am still new
i also go try switch portfolio and that itself take 7 to 8 days
the only thing i yet to see now is their charges of RM1.50 or their statement
the part on cannot see the number of unit own is not true, we can see it
Go to "today", performance details, go to the bottom can see 2 "dots", scroll to right, then hit the fund name, then again go to the bottom can see 2 dots then scroll to right
you will see shares own, holding value, todays price
i think is very transparent

-------question------------
here in Raiz regardless of amount, number of times you put money in take money out, they charge a flat 0.3% / RM1.50 which ever higher
if we buy this UT from myASNB app, what is their charges?
i dont have ASNB at all