I just started using Versa Cash and Go+.

In Versa, after deposited RM300, I can't see any changes to my amount, etc.

In Go+, I can see daily earnings straight to my total amount

For Versa, how do I know how much can I gain? Do I have to wait for 1 year?

Won't Go+ be better than Versa?

Go+ interest is credited daily but limited to rm9500 in terms of the amount you can deposit.

Versa Cash works more like traditional unit trusts where returns are reflected by fund price and dividends. There is a promotional 4% p.a. return for this month of Feb, so if you deposited on 31st Jan and withdraw all of it on 28th Feb, you will get 4% returns divided by 365 days multiplied by 28 days. A portion of that 4% payout will only be paid out to your account roughly by mid March 2023. The 4% promotion is valid for the first RM30k deposited. Any amount above RM30k will earn the prevailing fund rate, e.g. 3.45% last month... the AHAM fund performance is similar to TNG's underlying Principal fund performance, which was around 3.5% on average last month.

This post has been edited by gooroojee: Feb 2 2023, 01:24 PM

After deposit in Versa check back after 3 working days to reflect the changes in units

The units will change every few days in pricing and the paid out is given by the last week of the month if the fund pricing doesn’t hit the base return

Sometimes your generation is too impatient and expect quick returns in seconds 🤦‍♀️ Like I said earlier read and understand before asking and depositing and expect quick returns

Try KDI also?

Can see daily interest

Not suprising because it easier to streamline into AHAM EDEP otherwise higher reconciliation costs incurred from Versa end 🤦‍♀️

Versa 4% extend to 30-Jun

Why still cap at 30k max…

Of course they have to cap otherwise they would have closed down a long time ago 🤦‍♀️

Versa returns for Feb 2023 is reported to be 3.9%... so they only needed to top up 0.1% for the 4% promotion, but any amount above rm30k you placed in Versa cash would still have gotten 3.9% ... higher than KDI or other MMF out there.

This post has been edited by gooroojee: Mar 3 2023, 09:05 AM

Any referral code?

Sent you

How fast is Versa withdrawal? For KDI, if I withdraw before office hour, usually I can receive it around 8pm-10pm.

Read as posted before T+1 before cut off time 🤦‍♀️

how much do u guys recommend putting in?

anyone got a referal?

got the referall thanks

This post has been edited by rubrubrub: Mar 3 2023, 11:44 PM

while waiting for responses, perhaps you can try this for some added info while you wait for response

Beginners’ Guide to Asset Allocation, Diversification, and Rebalancing
https://www.investor.gov/additional-resourc...ers-guide-asset

Max RM30k. Anything more will earn you less than 4%p.a. If you want to be safe, rm29k. That way you know you are always getting 4%p.a even with the interest every month.

Thanks for sharing. which fund is this that generate this 4%?

very useful indeed. thanks! just got some money from FAMA and wondering where to invest