QUOTE(Takudan @ Jun 18 2021, 06:23 PM)
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.
It is part of their pricing mechanism which is normal because most MMF are priced in order to extract the profit to payout early 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.
Your calculations are wrong because are using simple method just like FD when the yearly rate is currently at 2.09% after compounded every fortnight because it is not a simple interest calculation
NAV price will go down readjusted but you gain in units as the payout is given as unit basis
Even GO+ only can tracked 2 decimal points when the payout reaches rm0.01
In Versa if you’re are holding term just check every fortnight on Wednesday or Thursday on your units holdings will do
QUOTE(CoronaV @ Jun 18 2021, 08:20 PM)
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?
Deposit during long weekends and public holiday eve to gain overnight interest with every rm100 will be rm0.01 interestI deposited 1k on 15/6 and it reflected 0.12 lifetime gain today. Is this normal? How to maximise the interest gained?
This post has been edited by xander83: Jun 19 2021, 04:42 AM