Already told you it is lower 🤦‍♀️ At least you go compare with Versa Cash 🤦‍♀️ then you know the difference

Same day withdrawal before 10.30am

Versa I is accumulated fund hence no rebate being paid out other than the price is going up and the extra bonus to cover the difference to 4%

FX is not the double edged sword 🤦‍♀️ but more on the duration itself because you need to right timing to cash in and cash out

Tempted now to cash out due to RM break the resistance going downhill 🤦‍♀️

Cash rebate is being paid into your account directly by units distribution to be added in your account because it is liquid fund


This post has been edited by xander2k8: May 19 2023, 07:17 PM

Of course I got 🤦‍♀️ go read properly as it has stated in the website as well 🤦‍♀️

You earn when the unit price of the fund increases and it is reflected in your Versa Cash-i balance as you’ll see your balance increase.

https://versa.com.my/versa-cash-i/

As if you don’t know even the underlying fund itself 🤦‍♀️ as I have invested it since last Nov 🤦‍♀️ as it class B fund 🤦‍♀️

This post has been edited by xander2k8: May 20 2023, 05:12 AM

Don’t know just say don’t know fool 🤦‍♀️

Don’t even know the class of the fund that they are investing 🤦‍♀️

Go find yourself as if you know everything plus you don’t even know what you are putting in with which class and the current fund price 🤦‍♀️

Go check the detailed transactions 🤦‍♀️ it is under Bonus tab 🤦‍♀️ hence it is topped up by Versa 🤦‍♀️ not paid out from the rebates of the fund 🤦‍♀️

In the 1st place there 2 different classes on that fund and yet would not know and cannot named the class of the fund and the current price 🤦‍♀️

To simplify things rebate is paid out from the fund itself by AHAM while Bonus is paid out by Versa and usually either referral bonus or top up for promo rate hence both are different 🤦‍♀️

Already inform Versa to fix since last year because even now referral bonus shows as rebate as well 🤦‍♀️

Go look properly in the 1st place when you are wrong 🤦‍♀️ when now even Bonus all are showing rebates whether it is referral bonus as well

Versa website already says many times for Versa I so don’t twist turn and turn around instead 🤦‍♀️ as you can’t even differentiate between Versa and Versa I 🤦‍♀️

You earn when the unit price of the fund increases and it is reflected in your Versa Cash-i balance as you’ll see your balance increase. Your money and its earnings will then be reinvested into the fund once more, so you can earn returns from your previous returns.

https://versa.com.my/get-to-know-versa-cash...ey-market-fund/

This post has been edited by xander2k8: May 22 2023, 04:09 AM

Go check and read properly as under pay out rebate 🤦‍♀️ are paid from the fund 🤦‍♀️ while Bonus is paid from Versa using the word rebate 🤦‍♀️

Versa explained that it “may make up for the amount difference” by crediting rebates when the daily returns earned fall below 4%. (inclusive of fees). This way, even when the interest rate of the fund fluctuates, users will be able to consistently earn each month.


This post has been edited by xander2k8: May 23 2023, 09:03 PM

Unlikely 🤦‍♀️ unless the AHAM MMF funds is performing at 4% before the bonus is given but the past month sub par performances

Upcoming 4.5% 👏

Won’t be 5% 🤦‍♀️ unless OPR goes above 3.75% while they can afford to give 5% with lower maximum cap of rm5k just like Rize

Versa because 4.3% is actual return while EAR is at 3.91% actual return

Because Banks are paying the shareholders 1st and followed with higher costs to run a bank platform 🤦‍♀️ and expenses like branches and officers which causes it to give you less because of expenses

If you read the fund information properly 🤦‍♀️ the MMF itself only returning 3.54% and Versa-I is 2.91% last month while the shortfall to 4.3% is funded through Versa itself coupled trailer fee rebates from AHAM

You shouldn’t be scared 🤦‍♀️ because there is no way and not so easy from them to collapse from such promo because it has been accounted for and the limit of the promo is so low that is only up to 30k

Yes physical banks expenses is high and they only make more money when interest rate are low

You cannot compared 🤦‍♀️ to HK digital banks because small population over there while highly saturated mass market with high cost of living over there while the HNW are banking with physical banks unlike Malaysia whereby population is 7times higher with high penetration rate

Don’t forget HK monetary policy are following lockstep with the Fed because of HKD is being pegged to the dollar in this high inflationary era

No need headache because both are separate portfolio and you just need to select which one because by default an account will have both of it

You can’t calculate like this 🤦‍♀️ because fund returns is not fix monthly while the rebate to top up to 4.3% is only paid 2 weeks later after the fund has provided the returns the month before 🤦‍♀️

Don’t forget rebates is the shortfall to cover the promo rate to top it up to 4.3% currently otherwise you will only get actual dividends of 3.54% and 2.91% for I in the month of June

Rebates are paid out 2nd Tuesday of each month while reinvestment being paid out 4th Wednesday of each month which is the fund structure

This post has been edited by xander2k8: Jul 22 2023, 11:47 PM

It will go up and down 🤦‍♀️ when it drops in value you will gain units which is means your money value grows provided you don’t withdraw

All MMF are in these structure when the payout dividends and reinvested in the following month

Not too complicated as you need to look at the number units and a separate graph where your money value grows provided you don’t withdraw 🤦‍♀️

Then you have to wait until after 4th Wednesday of next month then you will see the results is growing more with the referral bonus

I already started Versa since from the start no issues and in fact way more happy as everytime the promo rate grows higher with now faster same day withdrawal

It’s not mutual fund per say 🤦‍♀️ but money market fund

Overall my account has gained because the fund they invested never have posted a negative month before

I suggest you better read instead 🤦‍♀️ of speculating what fund to better understand it

Just read the whole topic as ppl as has been posted before 🤦‍♀️ on the returns

Even if you withdraw you can’t leave rm10 because it is not a bank account 🤦‍♀️ as there is minimum of rm100 otherwise full withdrawal