Not possible to be either daily or monthly at that rate 🤦‍♀️

It is dividend payout which is automatically reinvested monthly 🤦‍♀️ most MMF will have that structure to grow their units automatically

Not hurts 🤦‍♀️ already mentioned that dividend payout changes monthly at 3.54% and 2.91% for June and then 2nd Wednesday Versa will top it up the difference to 4.3% 🤦‍♀️ so you have to wait middle of the month to correctly calculate to 4.3% with +/- 0.01 bonus then

Just put and and forget about it and then only calculate on 2nd Wednesday of each month

Wait till next promo 🤦‍♀️ then you will be left out again

Not a mistake on your end 🤦‍♀️ just you don’t understand before putting in your money there

It is a simple why 4.3% which anything lower than MMF performance rebate will given to top up to it

In fact Versa-I itself is way better tool because it is accumulating fund rather than Versa which is being paid out every month which makes way more complicated in terms of calculating because you have money in and out

Promo these days got minimum AUM just like for 4.3%

Later they will change the clause to include loyalty bonus 🤦‍♀️ so by the time you bank in again it will be too late 🤦‍♀️

Check on 2nd Wednesday or Thursday each month 🤦‍♀️

It is regulated in the 1st place 🤦‍♀️ by SC itself hence the risks is low but I wouldn’t put in more than 30k because of the rebates

Suspect they waited for BNM news before calculating those rebates and it looks like the promo or rebates might be lesser next month

If OPR goes up they will have to up their promo 🤦‍♀️ plus it is already time for them to revise again after every quarter

Won’t happen for sure that’s why I already mention before 🤦‍♀️ when recession hits next year BNM will be tool less again and slowly will start cut rates while forcing govt hands to spend more and depreciate the money

You can dream it in USD and NZD 🤦‍♀️ but not RM

Yes rebates to be reinvested

The rebate is based on the last payout date or the Versa-I based last day of the month accumulated balance 🤦‍♀️ not daily

I rather go with Versa as Rize is technically has more problems 🤦‍♀️ that take longer to solve rather than Versa which they are committed solve within a proper timeline

Don’t bother with invest 🤦‍♀️ mostly underperforming fund with high annual management fees with buying overseas feeder funds

Should be fixed by now due to rebates being credited today 🤦‍♀️

Already stated 🤦‍♀️ because of fund structure you would have to wait 3 business days for the units to be reflected in the holdings

The problem is not technology 🤦‍♀️ as Versa is app is quite stable

The tiny red flag is got to do with the fund structure itself 🤦‍♀️ as it is clearly stated because of the structure there will be lags in especially during paid out for Versa Cash

So don’t blame technology when the fund itself lagged as there is no app will have the live pricing unless it is brokerage itself 🤦‍♀️

That’s not slow 🤦‍♀️ that’s how the fund structure works any new deposits or rebates are credited after 3 business days

How can it be fraud when it is authorised by SC as RMO 🤦‍♀️

https://www.sc.com.my/development/digital/d...tal-initiatives

Already mentioned many times here 🤦‍♀️ at the month end during rebates or payout processing time

That is why they are able to pay the bonus 6% rebates 🤦‍♀️ as the list of funds are terrible in performance and in fact worse than current FD rates

Stay away 🤦‍♀️ unless you are looking tax relief but all are equally bad and underperforming than FD rates atm

Annual fee depends on the fund itself but is around there

The problem is not until 55 withdrawal 🤦‍♀️ but without tax relief it is worse choice as it underperforming EPF and FD and after deducting management you will be lucky if it is not negative

It will turn negative 🤦‍♀️ because of the fund management fee coupled with depreciation in RM long term