Hi peeps,

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

KDI Web Account Login:
https://app.digitalinvesting.com.my/user-login

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.
T should be working day, If you make deposit or withdrawal on weekend or holiday, then it will follow upcoming working day



Cut-off / Turn-around
(according to forummer's sharing here)

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 KDI Invest, this info will only be available in your next month's statement
2. Login engine doesn't have 2FA
3. Mobile app doesn't have fingerprint/face ID login

Fee
https://digitalinvesting.com.my/invest/


This post has been edited by tadashi987: Apr 7 2022, 11:02 PM

Bravo... Thanks for taking the initiatives to start this new thread. 👏👏👍👍👍

Checking in n parking for added investment info

Thanks for starting a new thread! This seems like a rushed launched looking at the lack of information on the platform itself hahah

After you login, and you click KDI save, under their terms and condition, it's mentioned the 3% is until 30th June 2022. Not sure who's lying. KDI team or all the newspaper.

If is until 30th June 2022 why mentioned until end of the year.

from the all the sources i read is until end of this year tho
Official: https://digitalinvesting.com.my/save/

News:
https://www.theedgemarkets.com/article/kena...esting-platform
https://soyacincau.com/2022/02/16/kenanga-a...tment-products/

Money market funds, relatively easier to move your funds around. just move when the promotional rate ends.

by the way, i am still waiting for my account to be approved.

how long does it take for your account to be approved?

Got mine approved and transfer the money...

Saw that using MBB can use CC to add cash...

Anyone knows will it be counted as cash advanced and charging additional interest? If no cash advanced, then not too sure will it be earning points or not...

got mine approved in an hour



you can try, i tried and the transaction will be failed eventually, was trying to give some trouble to them but no luck

This post has been edited by tadashi987: Feb 17 2022, 02:23 PM

Haha, thought of trying and but found the answer... that's quick from you

Anyone unable to receive OTP during account opening?

I tried on desktop and app also having the same problem.

Notified them and they requested my name, telco network and mobile number then no update from them.

Update: Account approved. Should have asked for one of your referral code, this way, both of us got 10 bucks in our etf portfolio later.

so far no such issue, they take a while to reach, but also in a matters of seconds. not too long though.

I got their reply but they need to rely on the vendor to solve this issue.

this issue is with your telco?

i still waiting after 24 hours

should be pretty fast already. it's coming!

this OTP yes.. sometimes work sometimes delay so long

I registered yesterday and I can login this afternoon... Perhaps you can try to login now..

Just that, I am still waiting for the money to in Kenanga

The 3% is per year, right? If I put say for 3 months, meaning the interest will be pro rated??

of course.

Not sure what is the cause. They still waiting from vendor.

I have this problem during midnight and I tried again on this morning and afterday but not getting even late OTP.

just like FD

6 hrs still not registered, no hurry actually

the interest paid daily, gain another 1 sen today hahahaha

yeah got another 8 sens from my $1k investment
it seems their return is calculated and distributed daily.

btw i just invested min amount RM250 into their KDI invest (risk profile- Balanced) just trying it out

Can someone just double check the mobile number under profile, is it correct? Mine still missing 2 digits even after correcting it.

I emailed them already. Waiting for reply.

This is from deposit page after login.


This is from https://digitalinvesting.com.my/save/

please update later the performance, tempted to invest with my next month salary hahaha

The interface is so problematic for me. Email mentioning I have my account application approved but when login still said pending zzz

It is daily compounded so even Better than pro rated

It is daily compounded so even Better than pro rated

Not even like FD as it is daily compounded

nice, can rotate stingy pbb efd 1.7% to this.

Wah this is better than Versa, Stashaway and PMMF,
must join. hopefully that till end June meant promotional rate only if registered by then, not 3% rate ending. and the limit 200k is quite something for some meaningful return.

Just hope that it is not some unscrupulous setup after collecting all our money go close shop.....but when Ramjade is in, pretty sure it must have been thoroughly checked. so hantam lah.

Deposit since yesterday 2pm, and still pending

So Ramjade is your diligence check lah?

you can see he is the first to detect why 3% rate tenure end June...and not 31.12.22
i know he is the type will look into details anything he is going to invest unlike me mostly just hantam follow hearsay

As in post 7801 of sspn thread

What is the KDI Save, withdrawal to actual receiving of money duration?
Wondering should I go for KDI Save or Sspn?

hahaha i saw that 3% is until the end of this year too.

Meanwhile, i deposited some money into both KDI Save and KDI Invest last night. Let's see when would it be reflected, hopefully today.

I hope it's until December 2022. At least more time to enjoy the 3%p.a returns.

It got SC licence. Published in edge newspaper and run by Kenanga, no issue for me.
Keep in mind I use it as bank account/parking place/versa replacement cause versa is like giving only 1.8%.

Once I collect rm10k+ I am withdrawing it and transfering to sg to be invested in us stocks.

Once they tell me what is the actual expiry date and by expiry date if something better comes along, I will leave it. If nothing better comes I will just hang with it.

It got SC licence. Published in edge newspaper and run by Kenanga, no issue for me.

This post has been edited by Ramjade: Feb 18 2022, 01:22 PM

Any idea on the underlying assets? I'm keeping off until they release the full info.

KDI doing investing forrest gump style ke?
life was like a box of chocolates. You never know what you're gonna get

maybe lesson learnt from stashaway, or else people be like critizing ETF selection, transaction made time

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.

Well, this was what they replied upon my e-mail inquiry on the same question today (for KDI Save):

"It is a short term deposit. Similar to fixed deposits, we are able to guarantee the return rate but we typically do not reveal further info on the placement itself. It is with Kenanga Treasury."

This post has been edited by Yjgpig: Feb 18 2022, 04:23 PM

actually non transparent will cause more problem in the long run. Let ppl then they choose to invest or not. Portfolio and sell-buy execution is clear then only can gain trust for large investment.
edit : what I understand from this thread is based ur risk preference they will generate portfolio for u at least they need to tell u etf the ai bought for u right? How unique the portfolio is if we can gather enough info should be able to figure out how they allocate
So TS got ald ur porfolio with the etf ald.
Edit 2; Ok noted inform from monthly statement aiyoyo

This post has been edited by akhito: Feb 18 2022, 04:23 PM

Kenanga Treasury is most likely done a deal with one of the banks as to why they able to offer that rate up to 200k

Still digging which bank as it is seems familiar with 2.25% rate but my guts suspect it is most likely with UOB

Even MyTheo doesn’t disclose the allocation but they disclose the entire list of ETF under which portfolio

The problem is KDI couldn’t pinpoint and fixed a proper allocation unlike others which have fixed portfolio list to allocate around

No allocation for ETF unless successful depositbis made then only can tell from monthly statements only

Alright successful and so fast earned the interest

put in 1k last night. now reflected in the KDI Save and earned 8 sen already.

really notbad.jpg!

My questions and reply from Kenanga :




Glad they looking into biometric login enhancement. Don't like to keep enter password over and over again.

Also they can't reveal further as it is in regards to their investments or ETFs. Those who have invested in Kenanga Invest do share your results/holdings after one month via the statement!

This post has been edited by Davidtcf: Feb 18 2022, 05:41 PM

They don't have auto debit/recurring deposit/whatever you call it right? Have to manually put in money?

Might be in the future but beware of the mistake happened before at SA

transfer to sg? IBKR? FSM sg?

MY banks -> fintech -> SGD in sg banks-> local transfer to ibkr -> convert to USD inside ibkr -> US stocks

KDI is just temporary parking place.

This post has been edited by Ramjade: Feb 18 2022, 08:47 PM

Check Ziet Invest youtube videos for detailed guides. So far IBKR the best for US stocks and for irish domiciled ETFs
He is Malaysian as well. No other youtuber come close to him on this.

This post has been edited by Davidtcf: Feb 18 2022, 11:47 PM

I wonder is there any good alternatives to IBKR that is licensed locally? I don't mind taking some compromises. Rakuten's fee are not that expensive but the stocks and ETFs are currently limited.. MIDF the fee is expensive at 8USD for <1K USD. However, I am looking to hold for a very long time.. Looking for solutions with simple deposit and withdrawal

Deposited on 17/2 12pm, money in by 18/2 with interest. Not bad.

That's none in Malaysia. If you don't want to use ibkr, use moomoo.

This post has been edited by Ramjade: Feb 19 2022, 01:20 PM

Does KDI processes deposit on weekend? If not I'll just wait for Monday

cklimm deposit via jompay or something? if deposit now/sunday, at least processing will be prioritized on monday morning

just learn to use IBKR.. Ziet Invest youtube already very detailed. Got issues can ask us also.

What is your concern?

hi all, why i Can't find the KDI app in app store?

I am abit concerned on using fintech such as TransferWise to bridge towards the platform... From what I have calculated, the forex rate is roughly equal on MIDF/FSMOne/Rakuten when you do it both ways (RM > USD > RM), as there is fee incurred when using TransferWise. The brokerage fees on our SC regulated services are quite high and the execution is perhaps not good when compared to IBKR. Really hope someday we would see platform with low fees, easy cash deposit/withdrawal. Seems like there is always a drawback and not all is perfect

I am sure MIDF/FSMOne/Rakuten charge you a way, WAY higher forex fee/terrible spread than transferwise...

but when i made deposit just now T&C there said 3% end June 2022 ........

yeah much more efficient than Versa and Stashaway.

signed up Friday 1.30pm, acc approved Sat 5pm.

just opened another acc see how fast they can approve this

deposited 5.30pm just now,see how fast this can be in to earn interest.

now can see only 1 bank account allowed, should follow Versa/SA allow more for convenience

Here's the asset allocation for Aggressive Growth profile/risk. High allocations to real estate



Seems like the highlighted region in the map and the geography invested doesn't tally. Could be a bug.



Need to wait for next statement to see the actual ETF purchased

i found their map display and highlight are so messed up hahaha

Not forgetting the decimal point for geographical allocations... My god, how accurate KDI tries to be or no QC in their apps?

I have just registered an account. Now still pending for verification. Maybe Monday can put in some money.

They told me error on their part. It's supposed to by until Dec 2022. Said they updated the interface yesterday to reflect Dec 2022 but when I check, never change.

I cant find the app in Apple App Store. And when I click the link from their official website, it says not available in this country.

seems to be taken down from App store for the moment, maybe sometimes to do with their deployment agreement to Apple Store

You can try FSMone but beware of the charges

So far so good on them especially withdrawal

Most likely skewed towards IYR or VNQ or VNQI while commodities should have GLD as well

bagus, i want to live in north america one. today i know i'm actually here 🤣🤣

actually computers calculate until that many decimals one. just that if UI is polished, will round up to 2 or 3 decimals. this looks like an app created in a 3 hour hackathon

For fractional it will be rounded up to the nearest 4 decimals

The UI design is fine it is just the data Fromm their database is not matching the site hence got to do with the linkage instead

If gov become like Singapore then that could happen. Else slowly dream. Malaysia gov very conservative about their currency and what also wanna tax when come to foreign investments. Local bursa also a bad place to invest unless experienced and pour in a lot of time to monitor.

This post has been edited by Davidtcf: Feb 20 2022, 03:25 PM

Map and description upside down 🤣

Response from Kenanga FB

Same thing they told me via email but no correction in the KDI account T&C despite them telling me they are correcting it.

Need to see if they will really change the date inside KDI T&C

is that ramjade ?

Which is why FSMone or Rakuten still have stamp duty being charged on US shares or ETFs as they see it as new source of revenue for them

Anybody have trouble login in KDI app today? It keep saying my login password / details is wrong. But using same details I can login the website.

Apple Store - country not available

I noticed that the day you placed your deposits will also earn you interest in this KDI Save.

For others, typically then the money is in the account/on the platform, then only it will start accruing from there.

Kudos to KDI Save.

Wish they could also enable bio-metric login on the app for convenience as well.

Deposit since 18/2 morning still pending

really dunno how is the cut off time works
or it works akin to saving account as long the money is in before 12:00 midnight, u entitle for return

feels kind of insecure because app never disclose the detail of asset they invested

no idea, hopefully they can clarify it through their updated FAQ next time.


We won't know until they share or someone gotten their statement and share.

Meanwhile, I have more confidence in them because they are a listed company, not some small start ups, they are regulated by the SC, your money goes to the trustee and not them directly.

However, do exercise your own diligence whether you would want to invest with them.

P/S: and my ex-com as well

do you even have the same confidence with Public Mutual? associated with Public Bank kan 😂😂

cannot comment though, no experience with them....

Its seriously very annoying. Apps like MIDF under PNB can charge lower trading fees like RM8 instead of USD8. They have an MYR + USD Cash Account and the withdrawal is pretty quick (getting the next day). Their SaxoBank trading platform is quite nice aswell... Lower the fees and people would literally flock to them... Not so hard right...