Just a question to ask, if KDI go busted, does it mean all our funds inside will be gone too?
Investment Kenanga Digital Investing (KDI), KDI Invest, KDI Save
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 Apr 19 2023, 11:47 AM
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#1
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Junior Member
276 posts Joined: Dec 2021 
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Apr 19 2023, 12:17 PM
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#2
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Junior Member
276 posts Joined: Dec 2021
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QUOTE(Pikichu @ Apr 19 2023, 12:01 PM) I believe they hold the funds in Philip Trustee but you should check their website / customer service. From what i noticed, most of the people only concern about the interest rate and the withdrawal time. Not many people actually asking how secured this KDI is and it seems no information available where they deposit our money too.The funds are not PIDM insured like bank deposits up to 250k. After all, what bank and investment have 0 risk, correct?  |
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Apr 19 2023, 05:18 PM
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#3
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Junior Member
276 posts Joined: Dec 2021
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QUOTE(xander2k8 @ Apr 19 2023, 04:25 PM) Unker Ramjade is already outdate 😂 Versa and Versa-i are different in withdrawal time?Versa-i offers same day withdrawal by 1030am execution and received money by 630pm the same day |
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Apr 19 2023, 06:14 PM
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#4
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Junior Member
276 posts Joined: Dec 2021
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QUOTE(xander2k8 @ Apr 19 2023, 05:26 PM) Yes Versa-i before 1030am same day withdrawal Then what's the advantage of staying in Versa conventional? |
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Apr 21 2023, 12:59 PM
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#5
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Junior Member
276 posts Joined: Dec 2021
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One big turn off of Versa is it takes 2 days for the money to be in, and another one day for the money to be out....If you don't need high liquidity, Versa, else KDI for same day deposit and withdrawal.
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Apr 21 2023, 01:12 PM
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#6
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Junior Member
276 posts Joined: Dec 2021
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QUOTE(xander2k8 @ Apr 21 2023, 01:09 PM) Not for Versa-I if you want quick liquidity Why on earth you want to deposit and withdraw the same day? If your KDI Save doesn’t have balance and you start deposit and withdrawal the same day it doesn’t work 🤦♀️ which is why KDI Save stated T+1 for that reason 🤦♀️ Same day withdrawal works provided you have an account balance in KDI Save only  too free nothing else to do? kelvinjohn liked this post
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