Hi, Anyone have seen drop in lifetime gains after payout? Is this normal?  i.e. Yesterday the lifetime gains was rm0.45, today the lifetime gains drop to rm0.21

What are the dates "when the units are cheaper" ?

Just opened my VERSA account.... let's see if it's better than my FDs

As of today everything shows correctly... considered as deposit on 4 Jun 2021.
Even received receipt from Affin-Hwang in my email.

Is the overnight interest given daily  like GO+ ?

Hey there. I'm seeing similar issue:

12 June notification says I got 1.02 units, but
10 June transaction says .87 units acquired

What's more, I just did some calculations on my earning since it's been exactly a month I entered:
RM 1.99 gain with RM 1500 means 1.592% interest p.a.
This is worse than 1 month tenure FD!

FYI, unit nav is 1501.99 ÷ 1282.44 = RM 1.17119709 each
I earned 0.87+0.98=1.85 units, so that means I got RM 2.16671462
This translates to 1.7333717% interest p.a. slightly better, but FD has periodical promotions that offer higher.

So is Versa not that great after all?

FD cannot withdraw anytime you like. You withdraw prior maturity, no interest.
Versa can withdraw anytime you like and still get interest. Big difference.

Idk about that Wednesday adjustment... I'll hold on to your word until next weekend then.
How did you get RM 2.12? I tried 1.85 unit * 1.1713 = 2.166905, translates to 1.733524%p.a. is still nothing impressive to me..
And where did you get 2.08% p.a. fortnightly payout? This app is fancy with its growing tree and all, but the interest/unit calculations are confusing af...
Does that mean a midweek withdrawal is still eligible for a pro-rated interest? Sounds good, but my expectation for Versa is "better than FD short term investment", for me to accumulate my bullets for overseas investment... For emergency funds, I stick to FD for its best liquidity.

FD cannot withdraw anytime you like. You withdraw prior maturity, no interest.
Versa can withdraw anytime you like and still get interest. Big difference.

Idk about that Wednesday adjustment... I'll hold on to your word until next weekend then.
How did you get RM 2.12? I tried 1.85 unit * 1.1713 = 2.166905, translates to 1.733524%p.a. is still nothing impressive to me..
And where did you get 2.08% p.a. fortnightly payout? This app is fancy with its growing tree and all, but the interest/unit calculations are confusing af...
Does that mean a midweek withdrawal is still eligible for a pro-rated interest? Sounds good, but my expectation for Versa is "better than FD short term investment", for me to accumulate my bullets for overseas investment... For emergency funds, I stick to FD for its best liquidity.

Idk about that Wednesday adjustment... I'll hold on to your word until next weekend then.
How did you get RM 2.12? I tried 1.85 unit * 1.1713 = 2.166905, translates to 1.733524%p.a. is still nothing impressive to me..
And where did you get 2.08% p.a. fortnightly payout? This app is fancy with its growing tree and all, but the interest/unit calculations are confusing af...
Does that mean a midweek withdrawal is still eligible for a pro-rated interest? Sounds good, but my expectation for Versa is "better than FD short term investment", for me to accumulate my bullets for overseas investment... For emergency funds, I stick to FD for its best liquidity.

I've won this from Ringgit Plus Versa campaign.
Has anyone received the airpod?

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.

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?

I deposited after office hour on Friday till now not reflected is that normal
My first deposit

Thanks for pointing out about the compounding interest calculation; indeed not a fair comparison to FD then. taking my example (at a 1-month mark so far) however, I am still not getting a 2.09% like you say, can you please show me how you get it?

To keep my calculations simpler, I'm assuming the fortnightly interest to be 1.904% compounding p.a. although that was based on monthly calc. My current calculation returns 1.9215% simple p.a. Breakdown:
There are 52/2 = 26 fortnights in a year
Fortnightly rate, 1 + (0.01904/26) = 1.0007323076923076923076923076923
Annualized, 1.0007323076923076923076923076923^26 = 1.0192153146108898918543119717508

I'm considering to compare other short-term investments so I want to fully understand if I'm using the right methods to calculate.

Can't use that method you're trying to do, all MMFs based products don't compound in an "easy to calculate with single formula" method. You need to treat it like an unit trust: The only accurate way to gauge is to take the total amount of units you have, times the NAV of the day you're calculating, record that amount down, then continue to track it daily over time. In this case because it's a low volatility MMF, you only need to travck it for a month. You'll get a good idea of the growth rate that way.

Guys, to gain the max overnight interests before withdrawal,

best timing is to withdraw on Friday night?

Just checked with versa yes they only invest in FDs

Y wed and Thursday best

i withdrew yesterday but the payout only happened this morning haiyoyo

not sure how it works even after reading some info here, quite complicated the way they use units

Well I registered a week ago got nth .

Can anyone explain why is my available balance diff from total balance?

sorry if noob question, does the daily interest earning based on total balance or principal?

My guess is balance.
https://ringgitplus.com/en/wealth-managemen...et%20Management

No need think about how balance calculated. Just know that can earned interest on any money inside there and can withdraw anytime you like without penalty. Sometimes no need to think so much.

Today I tried to deposit money into Versa using FPX from CIMB Clicks….but the option says Clicks is offline, while other banks are okay….I thought sotong again down, and went to check on actual Clicks website, but no problem there…I could log in.

So, why does that happen in Versa?

i know it does nothing much... it just i feel i buy more units at lower NAV.. right ?

The difference is only 3 to 4 decimals of a ringgit the difference between 'low' NAV and 'high' NAV will make no significant difference to your profit unless you're depositing in hundreds of thousands and you're doing this for decades (if so, why on earth are you investing into MMFs like Versa which cannot beat inflation or even EPF minimum rate, MMFs should be strictly used for short term deposits)