Hi Lads and Lasses, for Versa a.k.a Money Market Funds, does the concept of D.C.A applicable for this if I wanna open an account or I can just dump a significant sum into Versa? Thanks in advance.

I was thinking of starting Versa out by dumping in a sum of around RM 1,000 and then after that will be like either RM 100 (bi-weekly) or RM 200 (once a month)

Thanks, also, is it right to be able to consider Money Market Funds a kind of a Fixed Deposit that does not have the PIDM protection? Been reading up on M.M.F's, just wanna get what others think