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

jfi, a forummer mentioned the "problem" of this CMF fund just last month....
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


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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/

That is bad, especially in times like this.... All mkts down badly..

While waiting for his response,...
Looking at his calculation....
My guess for that 3 - 2.25 = 0.75%..
The 3% was referencing the 3% given by KDI while the 2.25% is the normal FD rate. Thus the 0.75 will be the variance

You posted earlier,... "The 3% guarantee probably is their marketing cost as they saved the cost of intermediary, call center, fund manager etc"
So after the promo period,... Those cost will come into their operation causing them not able to continue to gives the 0.75% more?

This post has been edited by MUM: Feb 25 2022, 10:24 PM

So it was most probably actually this "It depends if the marketing dept still can get such budget for promotion, but to my opinion not likely continue the same campaign" and not "The 3% guarantee probably is their marketing cost as they saved the cost of intermediary, call center, fund manager etc"

Promotional Money used to spend to market the KDI instead of using the money saved from marketing cost to gives back to the depositors🤔🤔

This post has been edited by MUM: Feb 25 2022, 10:48 PM

try page 6, post 113

Since last year,....there are investors moving out of SA into some other platforms that had heavy US equities portfolio...

and they had been telling that they are very pleased with the result....alot better than what SA had made for them.

From SA....they too have it.

Just a note though, I think Data from the past years would definitely does not contains data on XI or Putin current actions....

Thus that is why some people want an active managed platform that is dynamic... But that would also can be changed just overnight like the case over Interpac funds... From highly aggressive to 100% cash



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👍
For to hv a variant of RM100 pm, between kdi n other similar platform... The deposited amount would hv to be large.
Only limited people has that.

KDI Save offers a promotional fixed return of 3.0% per annum for the first RM 200,000 in cash deposits made until 31 December 2022.
The rates for any placement above RM 200,000 would be 2.25% per annum.
https://kclau.com/investment/kdi-save-review/

So that 200k will get 3%,...what about those interest earned? Will only get 2.25%pa or 3%pa? (as it is not considered as cash deposit... But interest earned or will they consider interest earned as cash deposits too? ) 🤔🤔

This post has been edited by MUM: Mar 28 2022, 03:09 PM

As it is a deposit, then it would be as follows..
"KDI Save offers a promotional fixed return of 3.0% per annum for the first RM 200,000 in cash deposits made until 31 December 2022.
The rates for any placement above RM 200,000 would be 2.25% per annum."

So that means the earlier post by a forummers questioning that if he will get 200k x 3% interest after 10 days.... Is he will not continue to get 3% on all his money for the I terest earned will exceed 200k n the rate will be reduced for any access of 200k...

Wait till the discontinuation of that 3% rate....
Numbers may swings by then

See post 154, page 8
For probable answer.
https://forum.lowyat.net/topic/5243436/+140

Maybe just maybe, they are trying to get on the same train. 😁🤑

"Asia stock stars may see more tailwinds even as world tightens"
(May 8): Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now.

Buyers are touting an economic reopening and the region’s attraction as a hedge against higher commodity prices, which is helping the MSCI Asean Index break out of a three-year relative downtrend versus its global peer. Foreign funds have been net buying Southeast Asia shares every month of this year, with total inflows of US$10 billion so far, Bloomberg-compiled data show.

https://www.theedgemarkets.com/article/asia...-world-tightens

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/

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