KDSave guarantees the principal sum right?
Investment Kenanga Digital Investing (KDI), KDI Invest, KDI Save
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 Feb 21 2022, 07:42 PM
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Senior Member
2,379 posts Joined: Sep 2017 
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Feb 21 2022, 08:09 PM
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Junior Member
711 posts Joined: Sep 2021 
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Just pumped in some money today. Wait for tomorrow.
This post has been edited by c64: Feb 21 2022, 08:09 PM |
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Feb 21 2022, 08:24 PM
Show posts by this member only | IPv6 | Post
#103
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Senior Member
614 posts Joined: Nov 2011
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Opened account at about 10:40am today and received approval email at 6:09pm.
Considered fast. Don't you think so? |
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Feb 21 2022, 09:22 PM
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#104
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Senior Member
2,106 posts Joined: Jul 2018
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QUOTE(abcn1n @ Feb 21 2022, 07:42 PM) KDSave guarantees the principal sum right? risk similar to MMF |
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Feb 21 2022, 11:25 PM
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Junior Member
149 posts Joined: Dec 2008
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QUOTE(Hoshiyuu @ Feb 21 2022, 06:26 PM) ~2.957% p.a. , that's about the same as mine which was 1 day worth of interest (on Monday), weekend isn't counted or processed at all. I am in the same predicament, only 1 day interest based on last Friday deposit. What a joke with the self proclaimed digital investing...fpx deposit should be automated, not validated by staff during office hours |
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Feb 21 2022, 11:29 PM
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Senior Member
1,210 posts Joined: Nov 2011
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QUOTE(bm_kia @ Feb 21 2022, 11:25 PM) I am in the same predicament, only 1 day interest based on last Friday deposit. What a joke with the self proclaimed digital investing...fpx deposit should be automated, not validated by staff during office hours [citation needed] The deposit itself is automated, but the consolidated MMF/underlying asset purchase order isn't - and since that isn't traded on weekends, it does kinda make sense. ah well.Happy to have confirmation that you too only received 1 day of interest. This post has been edited by Hoshiyuu: Feb 21 2022, 11:29 PM |
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Feb 22 2022, 01:07 AM
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Senior Member
2,379 posts Joined: Sep 2017
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QUOTE(tadashi987 @ Feb 21 2022, 09:22 PM) risk similar to MMF Thanks. Principal not guaranteed then. |
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Feb 22 2022, 09:21 AM
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Senior Member
2,106 posts Joined: Jul 2018
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QUOTE(abcn1n @ Feb 22 2022, 01:07 AM) Thanks. Principal not guaranteed then. you can say it is not guaranteed since it is not FD or saving account protected by PIDM.all investment tools are not guaranteed by PIDM AFAIK, but it is very low risk. |
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Feb 22 2022, 10:02 AM
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Senior Member
3,520 posts Joined: Jan 2003
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QUOTE(abcn1n @ Feb 22 2022, 01:07 AM) Thanks. Principal not guaranteed then. if we start losing our principal.. nobody will dare invest in MMF funds already.Interest rate not guaranteed then more likely.. could fluctuate between 1-3%. PIDM protected means if the company go bust, you get to claim some amount based on their limit. For these online MMF funds don't have such protection so there's a risk on that. Most of them are tied to big banks anyway.. so easy to go bust?  still best to diversify your investments, don't put all in one basket. anything happen to 1, you still have others that are ok. This post has been edited by Davidtcf: Feb 22 2022, 10:06 AM |
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Feb 22 2022, 10:05 AM
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Senior Member
5,529 posts Joined: Oct 2007
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QUOTE(iamoracle @ Feb 21 2022, 08:24 PM) Opened account at about 10:40am today and received approval email at 6:09pm. Yes indeed they are quite fast. but i think it is also because they are only slowly starting out, so they have "less" to handle in the beginning.Considered fast. Don't you think so? |
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Feb 22 2022, 10:06 AM
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Senior Member
5,529 posts Joined: Oct 2007
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QUOTE(Davidtcf @ Feb 22 2022, 10:02 AM) if we start losing our principal.. nobody will dare invest in MMF funds already. if it busts, then we are probably in one of the recessions already.Interest rate not guaranteed then more likely.. could fluctuate between 1-3%. PIDM protected means if the company go bust, you get to claim some amount based on their limit. For these online MMF funds don't have such protection so there's a risk on that. Most of them are tied to big banks anyway.. so easy to go bust? still best to diversify your investments, don't put all in one basket. anything happen to 1, you still have others that are ok. |
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Feb 22 2022, 10:35 AM
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Senior Member
3,520 posts Joined: Jan 2003
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QUOTE(tehoice @ Feb 22 2022, 10:06 AM) if it busts, then we are probably in one of the recessions already. yeah.. whole Malaysia affected that time.as long they well managed then no issues.. so far I see local banks all doing ok. if still concern then read through a bank's financial report. Any public listed company will have that at their website. This post has been edited by Davidtcf: Feb 22 2022, 10:36 AM |
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Feb 22 2022, 12:33 PM
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#113
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All Stars
14,854 posts Joined: Mar 2015
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QUOTE(abcn1n @ Feb 22 2022, 01:07 AM) Thanks. Principal not guaranteed then. QUOTE(Davidtcf @ Feb 22 2022, 10:02 AM) if we start losing our principal.. nobody will dare invest in MMF funds already. Interest rate not guaranteed then more likely.. could fluctuate between 1-3%. PIDM protected means if the company go bust, you get to claim some amount based on their limit. For these online MMF funds don't have such protection so there's a risk on that. Most of them are tied to big banks anyway.. so easy to go bust? still best to diversify your investments, don't put all in one basket. anything happen to 1, you still have others that are ok. QUOTE(tehoice @ Feb 22 2022, 10:06 AM) if it busts, then we are probably in one of the recessions already. QUOTE(Davidtcf @ Feb 22 2022, 10:35 AM) yeah.. whole Malaysia affected that time. jfi, a forummer mentioned the "problem" of this CMF fund just last month....as long they well managed then no issues.. so far I see local banks all doing ok. if still concern then read through a bank's financial report. Any public listed company will have that at their website.  historically it was "safe", maybe top instructions or circumstances changed overtime, etc...things can change. This post has been edited by MUM: Feb 22 2022, 12:57 PM Attached thumbnail(s) 
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Feb 22 2022, 12:43 PM
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Senior Member
6,427 posts Joined: Jan 2003 From: Autobiography!!!
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QUOTE(shawnme @ Feb 22 2022, 11:41 AM) Apparently so, as stated on their site. Somehow, I deposited RM 250 on the 18th Feb into Invest, but still "Pending". Markets in US is in holiday which is why " Refer your friends and earn RM10 for you and your friend each when they invest more than RM250 in ETF. Follow the simple steps below: 1. Share your referral link or referral code with your friends. 2. Your friend is required to sign up with your referral link or code during their account registration. 3. Your friend successfully invest RM250 in their ETF portfolio. 4. Both you and your friend will earn RM10 each in the ETF portfolio! " Check back tomorrow then shawnme liked this post
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Feb 22 2022, 12:51 PM
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Senior Member
1,209 posts Joined: May 2005 From: Selangor 
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Hi gang,
If use Maybank credit card to deposit can or will be rejected? There have option in Maybank fpx |
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Feb 22 2022, 01:03 PM
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Senior Member
2,106 posts Joined: Jul 2018
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QUOTE(lim47 @ Feb 22 2022, 12:51 PM) Hi gang, yep trans will fail at the endIf use Maybank credit card to deposit can or will be rejected? There have option in Maybank fpx |
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Feb 22 2022, 01:12 PM
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#117
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All Stars
24,331 posts Joined: Feb 2011
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They fixed the bug inside terms and condition. Now it's showing 3%p.a until 31st Dec 2022
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Feb 22 2022, 03:05 PM
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Senior Member
6,638 posts Joined: Jan 2003 From: "New Castle" 
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Why doesn't KDI give info where funds are deposited before putting amount? I would like to see the performance of the funds mentined. Or I do not know where it is?
So far, the only thing I see is that, the rate is slightly lower at 0.70% and 0.30% compared to wahed 0.79% and 0.39% account maintainance. Aside from that, the diversity is not as big as Wahed. |
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Feb 22 2022, 03:10 PM
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#119
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Senior Member
1,392 posts Joined: Aug 2006 From: Sungai Petani
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QUOTE(tadashi987 @ Feb 17 2022, 12:11 PM) Hi peeps, Going to register this and since you opened the thread might as well use your referral, can you pm me the link?opening this thread for the discussion on Kenanga Digital Investing (KDI) so not to hijack SA (Stashaway) thread Reminder: peep pls do not share your referral outright in the forum, you will get reported by anonymous (not me), it is unspoken rule in FBI session  I already saw several reports on forumer who asking for referral code or replying to such. KDI Official Website: https://digitalinvesting.com.my/ - Login - Account Opening Kenanga Digital Investing (KDI) consists of two investment tools: 1. KDI Invest (Stashaway ETF portfolio alike) - click for more info  Your withdrawal from KDI Invest will take approximately 5 working days to reflect in your bank account 2. KDI Save (seems to be akin to Money Market Funds portfolio like Stashaway Simple/Versa) - click for more info  Your withdrawal from KDI Save will reflect in your bank account: Latest 1 day after the withdrawal day (T+1), if withdrawal made before cut-off time of 11am; or Latest 2 days after the withdrawal day (T+2), if withdrawal made after cut-off time of 11am. FAQ Shortcut https://digitalinvesting.com.my/faq/ KDI Referral Program - not sharing my code to abide forum rule, do PM me or other investor   Experience Sharing: Pros 1. Quick account opening, got it open in one hour (Though there are forumer reported a day or more than that) 2. Quick investment deposit processing for KDI Save, deposit through FPX in the morning, got the units, and return in the afternoon 3. Promotional rate of KDI save 3% Cons 1. BY FAR no details of underlying assets for both KDI Save or KDI Invest, so take it with grains of salt 2. Login engine doesn't have 2FA 3. Mobile app doesn't have fingerprint/face ID login |
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Feb 22 2022, 03:37 PM
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Junior Member
111 posts Joined: Oct 2007 From: Kuching
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Just wondering, there's no info on KDI in Security Commission Malaysia / BNM?
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