Apr 3 2023, 12:24 PM
QUOTE(Hoshiyuu @ Apr 3 2023, 11:54 AM)
Okay so, since you prompted for a more serious answer, I'll just provide the facts and let readers decide which is which, which I think is a fairer way to handle spirit of the question.
GO+ is the rather no-fuss well integrated MMF with TnG eWallet that has been around for a while, and supports auto cash out when eWallet balance is low when making payments/toll and what not.
It's using Principal e-Cash Fund (Class A) as it's underlying fund. Current pays out a decent annualized yield of ~3.5% or so daily. Very liquid instant deposit and withdrawal (to eWallet). Straightforward, advertised rates are net of fees (On the GO+ page). I believe it has a hard limit of <10k if I recall correctly? Happy to be corrected.
GOInvest is basically a miniapp in TnG eWallet that onboards you to Principle Asset Management and offers you Principal Islamic Money Market Fund (Class D). Cash out takes up to 3 business day to be processed. So far demonstrates strictly inferior returns. It's also very likely to start pushing absolutely worthless unit trust product later on too due to the nature of the miniapp.
On a more subjective note, I find the "EARN 3.7% P.A!***" advertisement right below GO+'s Nett Daily Return Rate of 3.56% (captured 3/4/2023) misleading and reeks of bad investment salesmanship.
Discussion and corrections very welcomed! I'm by no means a smart bean, and I'm happy to learn from my mistakes.
Bro why you compare the income distribution history only? You didn't include the NAV changes in GOinvest? GO+ is the rather no-fuss well integrated MMF with TnG eWallet that has been around for a while, and supports auto cash out when eWallet balance is low when making payments/toll and what not.
It's using Principal e-Cash Fund (Class A) as it's underlying fund. Current pays out a decent annualized yield of ~3.5% or so daily. Very liquid instant deposit and withdrawal (to eWallet). Straightforward, advertised rates are net of fees (On the GO+ page). I believe it has a hard limit of <10k if I recall correctly? Happy to be corrected.
GOInvest is basically a miniapp in TnG eWallet that onboards you to Principle Asset Management and offers you Principal Islamic Money Market Fund (Class D). Cash out takes up to 3 business day to be processed. So far demonstrates strictly inferior returns. It's also very likely to start pushing absolutely worthless unit trust product later on too due to the nature of the miniapp.
On a more subjective note, I find the "EARN 3.7% P.A!***" advertisement right below GO+'s Nett Daily Return Rate of 3.56% (captured 3/4/2023) misleading and reeks of bad investment salesmanship.
Discussion and corrections very welcomed! I'm by no means a smart bean, and I'm happy to learn from my mistakes.
GO+ NAV won't change but GOinvest NAV will increase over time. If you add the NAV changes and income distribution, the GOinvest will be slightly higher than GO+ for that month.
This post has been edited by poweredbydiscuz: Apr 3 2023, 12:24 PM
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