kasi chan bang, it takes time to launch new hthing, suspect they gonna launch something like Versa Invest perchance

I withdrew from Go+ stack in KDI Save liao..

wait them confirm then see how

Then it's going to be garbage like Versa Invest and their underlying Principal funds then even less reason to kasi chance

This post has been edited by Hoshiyuu: May 12 2022, 04:11 PM

if really bear market, prices will go even cheaper
now wait for bossku kenaga to enhance their app, so u know when is actual buy in

already passed 100mil AUM (assets under management) for KDI Save and Invest.. they better improve the app:

https://www.thestar.com.my/business/busines...gital-investing

1. give us face id / fingerprint scanning.
2. detailed breakdown of the ETFs, before we invest in KDI invest for every risk profile.

just these 2 big things and we will happy liao.

1. Since day 1 I been using fingerprint with the password saved in password vault

2. No likely will get the latest updared ETF portfolio from day to day, if not someone will just copy buta buta

3 months playing KDI save, trying to make some sense out of its numbers...


1)Everytime you withdraw/WD some money, a portion is removed from  your  accumulated interest/returns,
sent to  your capital/Nett deposit

the bigger the  WD  the bigger cut it will send to Nett Deposit

after making 11 withdrawals, my returns dropped down to RM 1249.84 today.
if not it should be RM5877.79.

2)Why KDI must remove some money from your accumulated interest?

Below 200k no reason really, as all returns should earn 3%, i dont know.

Above 200k, i think because it wants to reduce the returns portion that earn 2.25%.
After many WDs, finally it comes to  remaining returns left  all earning 3%
even if you are at RM200k and above.

see my simulation WD for 2 accounts



3)Someone asked above RM200k would my  interest still earn 3%?

The answer seem YES ,looking from my simulation WD attached.

But not all your accumulated interest, only a portion of them.

How KDI decided that out of my total returns of RM5877.79
only RM1249.84 would be entitled for 3% is a mystery.
(Every time i WD, i make sure i dont touch the portion that earn 3%.)

My wife's  smaller account with accumulated returns of RM3187.48
has  RM1309.94 portion entitled for the 3%.

I could be totally wrong in my interpretation,
feel free to share your views.
Need more data, i can share them.




Attached thumbnail(s)

I also tested withdraw and saw 3% and 2.25%. Strange. Why withdraw should display interest?

it is to tell us "dont withdraw that portion that gives 3%........"
and that's is how i used it so far,
reduce the amount to withdraw,
go withdraw the balance from another account..

Withdrawal Terms

You may withdraw your investment at any time with no withdrawal limit.

For investments above RM200,000, withdrawals will be based on the “First-In, Last-Out” principle that is, withdrawals will be made from the investment pool with the lowest return rate first until such investment has been exhausted before withdrawal is applied to the investment pool with the return rate of 3% per annum.
https://digitalinvesting.com.my/save/

I’m using iPhone.. login via password vault auto fill doesn’t work. The login button will be dimmed out. Need to delete 1 character and renter only can.

Stashaway also got show all ETF, is for transparency sake. KDI got statement where other companies can look into and copy.. is not that hard just that need a lot of capital to set this up. Need to have other selling points to make ppl trust it. Kenanga public listed and long time in market liao that’s why people will use it.

Also KDI invest using AI to choose which ETFs to buy. I saw my statements having certain allocations switched also suddenly. As long they can continue avoid losing money and make more I’m ok with this. Hence good if we can see currently today, right now what ETFs they are into.

if u really want, better make yahoo finance simulations of before & after switching, then can see if they're good in that or more of the same "buy high sell low"

Just curious, where is the 2.25% come from?

rate for fund after rm200k.

yes, 3% only for first RM200k, beyond that supposed to get only 2.25%
but in reality not quite so
as i have shown above.

in fact after that "threshold" (RM201,249.84 and RM201,309.94 in above 2 eg)
the amount that can continue to earn 3% rate seem continue to rise everyday!

Just where is the cut off limit that KDI will start using the 2.25% rate
for my above 2 accounts is a wonder...

knowing KDI, cannot ignore the possibility that they got a software bug. forgot to auto-cutoff the promo rate for any amount after RM200k

I report to them on their calculation of total deposit and total return, which any withdrawal will deduct certain amount from total return. And they admitted the flaws.

The bottom line is, I occasionally double check the total account value with 3% for 200k and 2.25% on the remaining balance, it does tally and sometimes few cents better, heheheh

if software bug, shouldn't the 3% be applied to bigger amount?

it seems to me only applied to returns earned from 1st 200k,
200k x 3% in ~3 months
just around there 1249 and 1309 i think..


i believe you also have a portion above 200k that earns 3%

use my method above, simulate a test withdraw all amount above RM200k.

There you can see it.

Note:Today KDI Save returns no update so late already.
KDI Invest updated pulak...

This post has been edited by guy3288: May 14 2022, 06:58 PM

I figured it out how they calculate the interest rate for KDI Save when your total value above 200k

3% on return, regardless how much is your total value

1st 200k of Net Deposit at 3%
Subsequent amount of Net Depsoit at 2.25%

With that, if your Net Deposit at 200k, return let say 10k, you will still get 3% on total value of RM 210k

What about when you hv 210k?
All 210k will get 3%,
Or 200k will get 3%, while the balance will get 2.25%

Isn't it puzzling when
"3% on return, regardless how much is your total value"
Then hv this again?

"1st 200k of Net Deposit at 3%
Subsequent amount of Net Depsoit at 2.25%"

This post has been edited by MUM: May 18 2022, 10:36 AM