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Investment Kenanga Digital Investing (KDI), KDI Invest, KDI Save

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SUSxander83
post Feb 22 2022, 03:45 PM

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QUOTE(CoolCatToM @ Feb 22 2022, 03:37 PM)
Just wondering, there's no info on KDI in Security Commission Malaysia / BNM?
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https://www.thestar.com.my/business/busines...manager-licence

It is under curren5 IB with digital ib license

This post has been edited by xander83: Feb 22 2022, 03:48 PM
MUM
post Feb 22 2022, 03:45 PM

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QUOTE(CoolCatToM @ Feb 22 2022, 03:37 PM)
Just wondering, there's no info on KDI in Security Commission Malaysia / BNM?
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Maybe this can relates,....
Kenanga Investment Bank has been awarded a digital investment management (DIM) licence from Malaysia’s Securities Commission (SC), according to local media reports.
https://fundselectorasia.com/malaysias-kena...stment-licence/
ehwee
post Feb 22 2022, 04:25 PM

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Hot thread in the investment topic, parking and check!
abcn1n
post Feb 22 2022, 04:27 PM

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QUOTE(tadashi987 @ Feb 22 2022, 09:21 AM)
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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Thanks. Just invested a small amount first to try out

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?  laugh.gif

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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Thanks. Just invested a small amount first to try out

QUOTE(MUM @ Feb 22 2022, 12:33 PM)
jfi, a forummer mentioned the "problem" of this CMF fund just last month....
sweat.gif historically it was "safe", maybe top instructions or circumstances changed overtime, etc...things can change. sweat.gif
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Damn.Scary
iamoracle
post Feb 22 2022, 04:33 PM

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Will it be a good idea moving all the money from other CMF, eg. Versa/SA Simple into KDI Save since it is giving better returns? A bit worried to put everything into one basket.
ronnie
post Feb 22 2022, 04:35 PM

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The referral is not needed if we just use KDI Save, right ?
abcn1n
post Feb 22 2022, 04:38 PM

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QUOTE(iamoracle @ Feb 22 2022, 04:33 PM)
Will it be a good idea moving all the money from other CMF, eg. Versa/SA Simple into KDI Save since it is giving better returns? A bit worried to put everything into one basket.
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IMHO, bad idea. Better to spread it out for safety purpose
Sheng890624
post Feb 22 2022, 04:40 PM

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QUOTE(iamoracle @ Feb 22 2022, 04:33 PM)
Will it be a good idea moving all the money from other CMF, eg. Versa/SA Simple into KDI Save since it is giving better returns? A bit worried to put everything into one basket.
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May be can try to re-allocate deposit portion which suitable for you.
TStadashi987
post Feb 22 2022, 04:41 PM

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QUOTE(ronnie @ Feb 22 2022, 04:35 PM)
The referral is not needed if we just use KDI Save, right ?
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yep
elea88
post Feb 22 2022, 05:00 PM

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QUOTE(iamoracle @ Feb 22 2022, 04:33 PM)
Will it be a good idea moving all the money from other CMF, eg. Versa/SA Simple into KDI Save since it is giving better returns? A bit worried to put everything into one basket.
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diversify is safer.. i put all 3...
Ramjade
post Feb 22 2022, 06:27 PM

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QUOTE(abcn1n @ Feb 22 2022, 04:27 PM)
Thanks. Just invested a small amount first to try out
Thanks. Just invested a small amount first to try out
Damn.Scary
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QUOTE(iamoracle @ Feb 22 2022, 04:33 PM)
Will it be a good idea moving all the money from other CMF, eg. Versa/SA Simple into KDI Save since it is giving better returns? A bit worried to put everything into one basket.
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Don't be ridiculous. I have been using mmf for like almost 7 years and no issue.
Leroi2x
post Feb 22 2022, 06:50 PM

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I have 2 deposit is successful from my site ,but kdi show rejected
And fund is deducted ,i been fill in ticket yesterday til now no response ,and they have no contacts number to call...
Ramjade
post Feb 22 2022, 07:00 PM

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QUOTE(Leroi2x @ Feb 22 2022, 06:50 PM)
I have 2 deposit is successful from my site ,but kdi show rejected
And fund is deducted ,i been fill in ticket yesterday til now no response ,and they have no contacts number to call...
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They will answer your ticket during office hour only. Wait for it.
Leroi2x
post Feb 22 2022, 07:14 PM

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QUOTE(Ramjade @ Feb 22 2022, 07:00 PM)
They will answer your ticket during office hour only. Wait for it.
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Ok ,they just reply my issue via email after 24hour pass from my first email.
They say will refund my rejected transaction fund ,but dint mentioned how long it will take.
elea88
post Feb 22 2022, 08:04 PM

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QUOTE(Leroi2x @ Feb 22 2022, 07:14 PM)
Ok ,they just reply my issue via email after 24hour pass from my first email.
They say will refund my rejected transaction fund ,but dint mentioned how long it will take.
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why is it rejected?
guy3288
post Feb 22 2022, 09:18 PM

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Cant believe it, KDI deposit cut off time (for same day interest) is so early!
Deposit 8.19Am , get interest same day.
Deposit 12.37pm no interest, u only get it next day.

Deposit on Sat and Sun no benefit, no better than do it Monday early morning.

deposit Friday afternoon is be the worst ,
no interest for Fri,Sat Sun, only get interest come Monday.

ini one same day interest is abit of a farce...must dep very early..




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.
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how you got 2.97%?

i think is 3%-----------> N x3%/365 = 1 day interest
if you put 2.97% you can see amount not correct.

QUOTE(abcn1n @ Feb 21 2022, 07:42 PM)
KDSave guarantees the  principal sum right?
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if get 0% return is considered bad already, mana boleh capital pun hilang
so many things in life we do we dont ask for guarantee.

QUOTE(Ramjade @ Feb 22 2022, 01:12 PM)
They fixed the bug inside terms and condition. Now it's showing 3%p.a until 31st Dec 2022
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thumbsup.gif

PS:anybody experienced opening acc today and unable to get OTP on mobile phone? Change number still cant get OTP.


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T231H
post Feb 22 2022, 09:22 PM

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QUOTE(guy3288 @ Feb 22 2022, 09:18 PM)
Cant believe it, KDI  deposit cut off time (for same day interest) is so early!
Deposit 8.19Am , get interest same day.
Deposit  12.37pm  no interest, u only get it next day.

Deposit on Sat and Sun no benefit, no better than do it Monday early morning.

deposit Friday afternoon is be the worst ,
no interest for Fri,Sat Sun, only get interest  come  Monday.

ini one same day interest is abit of a farce...must dep very early..

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👍👍Good info... Thks
Hoshiyuu
post Feb 22 2022, 09:32 PM

wow i unlocked this
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QUOTE(guy3288 @ Feb 22 2022, 09:18 PM)
Cant believe it, KDI  deposit cut off time (for same day interest) is so early!
Deposit 8.19Am , get interest same day.
Deposit  12.37pm  no interest, u only get it next day.

Deposit on Sat and Sun no benefit, no better than do it Monday early morning.

deposit Friday afternoon is be the worst ,
no interest for Fri,Sat Sun, only get interest  come  Monday.

ini one same day interest is abit of a farce...must dep very early..
how you got 2.97%?

i think is 3%-----------> N x3%/365 = 1 day interest
if you put 2.97% you can see amount not correct.
if get 0% return is considered bad already, mana boleh capital pun hilang
so many things in life we do we dont ask for guarantee.
thumbsup.gif

PS:anybody experienced opening acc today and unable to  get OTP on mobile  phone? Change number still cant get OTP.
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Cut-off time is 11am AFAIK.

I calculated based on my 1 day interest 0.00819875776 * 360 days = 2.9515527936 (if using 360 day rule) or 0.00819875776*365 = 2.9925465824%.

The previous number was probably me randomly rounding my daily interest to get the rough approximation, either way its like a few cents difference, I couldn't be bothered to be accurate tongue.gif
bcombat
post Feb 23 2022, 09:44 AM

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reply from their customer service

This post has been edited by bcombat: Feb 23 2022, 09:44 AM
abcn1n
post Feb 23 2022, 02:00 PM

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QUOTE(guy3288 @ Feb 22 2022, 09:18 PM)
if get 0% return is considered bad already, mana boleh capital pun hilang
so many things in life we do we dont ask for guarantee.
thumbsup.gif

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Would you put 7 figure sum in it? I know you will easily reach 6 figures soon. If capital is pretty much secure, I would dare to put much more but had not so good experience with Opus money market fund last time (can't remember exactly but something like what I withdrew was less than what I deposited for my last round) plus recently mum showed the AmanahSyariah Cash Mgt Fund which plunged because of Serba Dinamik.



QUOTE(Hoshiyuu @ Feb 22 2022, 09:32 PM)
Cut-off time is 11am AFAIK.

I calculated based on my 1 day interest 0.00819875776 * 360 days = 2.9515527936 (if using 360 day rule) or 0.00819875776*365 = 2.9925465824%.

The previous number was probably me randomly rounding my daily interest to get the rough approximation, either way its like a few cents difference, I couldn't be bothered to be accurate  tongue.gif
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My transaction since yesterday still pending. Thanks for the 11am cut off time info

This post has been edited by abcn1n: Feb 23 2022, 02:03 PM
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