Overnight interest are only given out on weekends and eve of public holidays to compensate you on for the lag in processing of buying the units

While GO+ is basically converting your TnG credits into Ecash while giving you rubbish returns of lower than daily OPR rate minus 0.45% expense ratio fee hence you will only get between 1.3 to 1.47% pa

The differences is their period methodology while GO+ is daily, Versa is weekly payout and SA Simple is monthly

Erm, why the payout units different from "transaction" post in Versa apps compare to "notification" pop up?

anyone facing this issue? I deposit RM500 and receive 0.34 units in notification. But in actual in transaction only show 0.29 units.

The 0.34 is the distribution you received, it should be RM 0.34 not in units.

The distribution(RM 0.34) reinvested then you get 0.29 units.

Hey there. I'm seeing similar issue:




12 June notification says I got 1.02 units, but
10 June transaction says .87 units acquired

What's more, I just did some calculations on my earning since it's been exactly a month I entered:
RM 1.99 gain with RM 1500 means 1.592% interest p.a.
This is worse than 1 month tenure FD!

FYI, unit nav is 1501.99 ÷ 1282.44 = RM 1.17119709 each
I earned 0.87+0.98=1.85 units, so that means I got RM 2.16671462
This translates to 1.7333717% interest p.a. slightly better, but FD has periodical promotions that offer higher.

So is Versa not that great after all?

Wait until Wednesday as unit price adjustment has not been completed yet after payout when the new price is 1.1713 which after adjustment which means more units at a lower price

Your final readjusted is RM1502.12 which is 1.696% pa which is simple interest not compounded by fornightly payout which is higher at 2.08% pa

This post has been edited by xander83: Jun 14 2021, 09:10 PM

FD cannot withdraw anytime you like. You withdraw prior maturity, no interest.
Versa can withdraw anytime you like and still get interest. Big difference.

Idk about that Wednesday adjustment... I'll hold on to your word until next weekend then.
How did you get RM 2.12? I tried 1.85 unit * 1.1713 = 2.166905, translates to 1.733524%p.a. is still nothing impressive to me..
And where did you get 2.08% p.a. fortnightly payout? This app is fancy with its growing tree and all, but the interest/unit calculations are confusing af...

Does that mean a midweek withdrawal is still eligible for a pro-rated interest? Sounds good, but my expectation for Versa is "better than FD short term investment", for me to accumulate my bullets for overseas investment... For emergency funds, I stick to FD for its best liquidity.

Agreed as Versa is for liquidity

No need to hold my word as the unit is priced changes every 3 days

2.12 based on after payout with adjustment

2.08%pa is fortnightly payout with adjustment and you can checks from AHAM daily price changes as it was to be even better during month of March and April as it was high as 2.12% pa which seems like due to honeymoon phase onboarding of Versa as the units were as high as 1.1722 before payout adjustment

Anytime withdrawal is available because the unit price accumulation changes with every unit accumulated 0.00009 per unit at every price change since daily

Agreed as Versa is for liquidity

No need to hold my word as the unit is priced changes every 3 days

2.12 based on after payout with adjustment

2.08%pa is fortnightly payout with adjustment and you can checks from AHAM daily price changes as it was to be even better during month of March and April as it was high as 2.12% pa which seems like due to honeymoon phase onboarding of Versa as the units were as high as 1.1722 before payout adjustment

Anytime withdrawal is available because the unit price accumulation changes with every unit accumulated 0.00009 per unit at every price change since daily

I've won this from Ringgit Plus Versa campaign.
Has anyone received the airpod?

Update your app to the latest version since there is bugs on the earlier version

Pricing today has been reflected as 1.1714 so your amount is already been readjusted

Congrats

versa user can register for i-access? or you originally already got account with affinhwang asset management?

I am a versa user, I've received an email to activate i-access

I only receive email for the tax voucher, bottom there they mentioned "The temporary User ID and Password is only valid up to 90 days." but I didn't saw any temp ID inside the email...

anyway, I manage to register/link my account using iaccess (don't know why there exist i-access and iaccess)

i-access and iaccess

heard they are merging the system, but I dont concern much, as my investment there is minimal

Yes, as you're selling the units in MMF at higher NAV, so technically you're cashing in on the pro-rated profit before they actually give it to you in the official payout/distribution.

I've been tracking my Versa since February and comparing to my 1-month auto-renewal FD in Affin, and Versa does actually give slightly more due to compounding and overall higher interest (at around 1.9% p.a.), which is decent considering the relative liquidity, without the hassle of "hitting goals" like for high yield savings accounts. For short term cash storage it's a decent vehicle.

You can track the underlying fund here actually: https://my.morningstar.com/my/report/fund/p...px?t=0P00008ME1 without reading too hard into Versa's way of tracking which is confusing as hell.

Checked Playstore, Versa last update was 9 June so that probably shouldn't be the issue here. I guess it's just their pricing update delay...

The website only has 2 decimal points, unfortunately not helpful to my puny amount tracking lol.

Just checking in today, my account sits at 1502.38/1282.44 units, which translates to pricing of 1.1715012, 1.904% p.a. Indeed looking a lot better... But the ever changing value is confusing and it's giving a perception that I can lose money 😵 does this mean the NAV can only stay or go up in price? Else if it can go down then I assume we should be given equivalent units in return, because my understanding of Versa is like any MMF, there is no negative return.

Hi im new to versa
I deposited 1k on 15/6 and it reflected 0.12 lifetime gain today. Is this normal? How to maximise the interest gained?