CSOP cash fund

may i know what is this fund?

how to deposit and is that like fd?

Just share info

My wife just open the new account and deposit rm10000 for apple share. Now need to maintain for 60 days. But I think it still worth. Coz u need to join as well 2pa cash return event. At least u mantain 10k for two month and u also can get interest . Remember u enrol it after u deposit 10k. Event link as below.

Selamat Hari Raya and good morning, to enroll into this event, you need to maintain a total assets ≥ RM6000 before 23:59 April 30th. You will need to enter event page and click the "Enroll Now" button to complete the registration and enjoy a 90 days 2% p.a. cash return. (Calculation are based on the account daily cash asset value, maximum cash asset value to earn 2%p.a. return is RM200,000).

Event Link：https://invest.my.moomoo.com/cash_return

Cash Return Calculation:
Within 90 days from the date of successful registration, daily returns =(daily cash assets * 2%)/365 days.
*Within 90 days of the benefits, funds can be deposited at any time, with a daily cash asset limit of RM200,000.
*Exchange rate: If cash assets consist of USD, will be uniformly calculated in MYR. (Exchange ratio 1:0.21).

Check Cash Return:
You can enter the activity page at any time and click on "Revenue Details" to view the current "total returns", "yesterday's earning", and "pending for this time".
【Revenue Details】 It is expected to settle and update the previous day's data at 19:00 (MYT) daily, and cash assets will be calculated once a day at 9:00AM.

Earning Issuance:
Starting from the day of registration, the earnings will be settled every 30 days, with a total of 3 times distributions within 90 days.
Earnings will be issued in the form of cash vouchers and automatically used to the account within 3 working days after settlement. You can view it in the [Fund Details].

Example:
Assuming there is RM10000 cash on Monday, the daily return is (RM10.000 * 2%)/365=RM 0.56