Is the return not 8.21 with 3% (100,000x0.03/365)? How is it 30.39? Need sifu enlighten me

Edit: unless it is not "daily return", but "total return"?

This post has been edited by Vickyle: Mar 8 2022, 02:07 PM

"from" is a typo right?

This post has been edited by Vickyle: Mar 9 2022, 08:47 AM

First time invest in MMF. Fund reflected on account takes so slow. Wanna test withdraw before dumping all remaining fund in, but afraid it gonna drag until next week? Should I just deposit first?

deposited yesterday night, reflected today around 4:36pm. Guess their works cover anything from 11am to the following day's 11am, and the system will reflect the change on account after 430pm?

Why would you want to do that?

Is it normal that KDI request for the sources and value of my wealth? I have only placed in FD before. The banks never request for such info. Why do KDI need it for? Mind sifu share experience please.

email. digitalinvesting@kenanga.com.my

None of the above mentioned.

Anyway, will just declare. Just feel annoyed that they cannot check themselves through their own means. I thought all financial institutions have some kind of "shared" system to know the profile of one person?

Good to know. I see I see.

This post has been edited by Vickyle: Mar 17 2022, 08:57 AM

Checked my profile. It indeed is the problem with my profile. The monthly income stated is less than RM1k. I don't remember I picked that value No wonder AMLA gets triggered

Some fast some slow. Mine waited 26 hours.

200k also can If you trigger something, come share story

Even when withdrawing, KDI invest needs to take up to 6~7 working days, compared to KDI save with 1~2 working days. Wonder why. Sifu tolong explain?

High possibility, yes, tomorrow around 4:30pm

Any idea how to calculate the "Return" and "Net Deposit" after making a successful withdraw? Only the "Current Value" is correct.

10,000*((1+0.035)^(1/365)-1) = 0.9425

10,000*0.035/365 = 0.9589

Why is there a difference between the above two formula when both has the same rate 3.5%? FD and Kenanga's way so different.

With the implementation of the new formula, the rate is no longer as advertised. From today onwards, the existing money, that is invested at 3% previously, is actually invested at a lower rate, not 3% anymore. 3.5% is just a cover up.
Edit: I'm referring to amount greater than 50k.

This post has been edited by Vickyle: Oct 3 2022, 07:16 PM

But... but... I apply the new formula onto my previous daily records/data. The new formula actually generates lower values. If amount greater than 50k, that's quite significant
Anyway, already plan to move the excessive amount. Guess Kenanga just want to hasten my decision.

This post has been edited by Vickyle: Oct 3 2022, 07:41 PM

Is this true? I checked my records. Sat and Sun was still on 3%. Only Mon was on 3.44% (50k) and 2.956% (>50k). If they updated on Mon, why Sat and Sun is not updated too?
Kenanga should have an announcement section to update "what's new" to prevent confusion. Their feedback section has weird number-of-words limitation. Cannot even describe my problems. wtf.

Mine remains in the negative for nearly a year too.

Have been away from Kenanga for quite a while. I remembered their EAR terminology has different definition. So, what's the actual EAR of the advertised 4% EAR?