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

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tehoice
post Feb 23 2022, 02:07 PM

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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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QUOTE(abcn1n @ Feb 23 2022, 02:00 PM)
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.
My transaction since yesterday still pending. Thanks for the 11am cut off time info
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yup, this was highlighted by MUM earlier too.
c64
post Feb 23 2022, 02:34 PM

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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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Pretty sure they use 365 rule because mine correct based on 365 days.

Btw, i banked in last nigh 7pm+ some funds, till now still PENDING. A bit slow.

This post has been edited by c64: Feb 23 2022, 02:36 PM
cybpsych
post Feb 23 2022, 03:02 PM

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updated T&C biggrin.gif

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abcn1n
post Feb 23 2022, 03:57 PM

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QUOTE(tehoice @ Feb 23 2022, 02:07 PM)
yup, this was highlighted by MUM earlier too.
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When I mentioned 'mum', was referring to MUM as per what you posted (not my mom) smile.gif
tehoice
post Feb 23 2022, 04:52 PM

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i just did a test withdrawal from KDI Save this morning at around 10am. Now it's been completed. that's very speedy! thumbup.gif

As for the withdrawl from SAMY Simple, which I requested since Monday morning, is still sitting in the account now, waiting to be executed cry.gif
Ramjade
post Feb 23 2022, 04:54 PM

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QUOTE(tehoice @ Feb 23 2022, 04:52 PM)
i just did a test withdrawal from KDI Save this morning at around 10am. Now it's been completed. that's very speedy!  thumbup.gif

As for the withdrawl from SAMY Simple, which I requested since Monday morning, is still sitting in the account now, waiting to be executed  cry.gif
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That's fast. SAMY is always very slow and their rates suxks. That's why I stop using them all together.
ultimate93
post Feb 23 2022, 06:39 PM

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the web interface simpler than my FYP LOL
ericlaiys
post Feb 23 2022, 07:00 PM

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i thought kdi invest is 0% for less than 3k investment.
I deposit RM500. On app, only show RM 492
SUSxander83
post Feb 23 2022, 07:04 PM

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QUOTE(ericlaiys @ Feb 23 2022, 07:00 PM)
i thought kdi invest is 0% for less than 3k investment.
I deposit RM500. On app, only show RM 492
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Around 2% FX spread which is why
abcn1n
post Feb 23 2022, 09:02 PM

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QUOTE(tehoice @ Feb 23 2022, 04:52 PM)
i just did a test withdrawal from KDI Save this morning at around 10am. Now it's been completed. that's very speedy!  thumbup.gif

As for the withdrawl from SAMY Simple, which I requested since Monday morning, is still sitting in the account now, waiting to be executed  cry.gif
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Wow. Fast withdrawal for KDI Save

lim47
post Feb 24 2022, 08:09 AM

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QUOTE(xander83 @ Feb 23 2022, 07:04 PM)
Around 2% FX spread which is why
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So have to pay fees also ? Forex exchange rate
SUSxander83
post Feb 24 2022, 08:38 AM

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QUOTE(lim47 @ Feb 24 2022, 08:09 AM)
So have to pay fees also ? Forex exchange rate
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Anything less than 3000 still 0 fees but FX spread 2% every time you deposit you won’t get full rm amount

So you need to check your portfolio in USD to see the ETF being bought at your monthly statement
TStadashi987
post Feb 24 2022, 08:51 AM

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For u guys information
ericlaiys
post Feb 24 2022, 11:10 AM

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QUOTE(xander83 @ Feb 24 2022, 08:38 AM)
Anything less than 3000 still 0 fees but FX spread 2% every time you deposit you won’t get full rm amount

So you need to check your portfolio in USD to see the ETF being bought at your monthly statement
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here is their response
The charges are zero management fees for anything that is RM3000 and below.
For KDI Invest, there is still charges for expense ratio and fees conversion costs involved. Kindly also note that returns for KDI invest may dip due to fund performances of your selected risk profile's ETF portfolio.
You will be able to see the breakdown of charges in your monthly report that would be emailed to your registered email address
TStadashi987
post Feb 24 2022, 11:39 AM

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QUOTE(ericlaiys @ Feb 24 2022, 11:10 AM)
here is their response
The charges are zero management fees for anything that is RM3000 and below.
For KDI Invest, there is still charges for expense ratio and fees conversion costs involved. Kindly also note that returns for KDI invest may dip due to fund performances of your selected risk profile's ETF portfolio.
You will be able to see the breakdown of charges in your monthly report that would be emailed to your registered email address
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yep i think not only the FX rate, but also because marketing keep going down for these this week, so u bought, then it drops
Hoshiyuu
post Feb 24 2022, 11:53 AM

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Withdrawal from KDI Save is probably the fastest on the market at the moment I feel? Very smooth in my experience of withdrawing twice.
tehoice
post Feb 24 2022, 12:25 PM

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QUOTE(Hoshiyuu @ Feb 24 2022, 11:53 AM)
Withdrawal from KDI Save is probably the fastest on the market at the moment I feel? Very smooth in my experience of withdrawing twice.
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Yes very very fast. if you withdrawl from KDI Save before the cut off date, you will get your money on the same day.

On Simple, I am still waiting for my money despite having the instruction carried out on Monday morning before 11am.
cybpsych
post Feb 24 2022, 12:44 PM

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QUOTE(tehoice @ Feb 24 2022, 12:25 PM)
Yes very very fast. if you withdrawl from KDI Save before the cut off date, you will get your money on the same day.

On Simple, I am still waiting for my money despite having the instruction carried out on Monday morning before 11am.
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aik? not T+1 (withdraw before cutoff)?

if same day, roughly what time received fund in your bank?
tehoice
post Feb 24 2022, 12:53 PM

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QUOTE(cybpsych @ Feb 24 2022, 12:44 PM)
aik? not T+1 (withdraw before cutoff)?

if same day, roughly what time received fund in your bank?
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late in the day in my experience.

T+1 you will likely to have received it already.
SUSCoolStoryWriter
post Feb 24 2022, 01:17 PM

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Anyone has any thoughts what may the ETFs be? I read somewhere it's all USA based

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