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

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tehoice
post Feb 17 2022, 02:18 PM

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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?
tehoice
post Feb 17 2022, 03:37 PM

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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.
tehoice
post Feb 17 2022, 03:38 PM

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QUOTE(rocketm @ Feb 17 2022, 03:03 PM)
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.
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so far no such issue, they take a while to reach, but also in a matters of seconds. not too long though.
tehoice
post Feb 17 2022, 03:45 PM

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QUOTE(rocketm @ Feb 17 2022, 03:43 PM)
I got their reply but they need to rely on the vendor to solve this issue.  sad.gif
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this issue is with your telco?
tehoice
post Feb 17 2022, 03:48 PM

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QUOTE(elea88 @ Feb 17 2022, 03:47 PM)
i still waiting after 24 hours
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should be pretty fast already. it's coming!
tehoice
post Feb 17 2022, 03:51 PM

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QUOTE(annoymous1234 @ Feb 17 2022, 03:51 PM)
The 3% is per year, right? If I put say for 3 months, meaning the interest will be pro rated??
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of course.
tehoice
post Feb 18 2022, 09:23 AM

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QUOTE(guy3288 @ Feb 18 2022, 09:18 AM)
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.
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So Ramjade is your diligence check lah?
rclxms.gif
biggrin.gif
tehoice
post Feb 18 2022, 09:35 AM

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QUOTE(guy3288 @ Feb 18 2022, 09:27 AM)
you can see he is the first to detect why 3% rate tenure end June...and not 31.12.22 thumbsup.gif
i know he is the type will look into details anything he is going to invest unlike me  mostly just hantam follow hearsay
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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.
tehoice
post Feb 18 2022, 05:11 PM

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

really notbad.jpg!
tehoice
post Feb 21 2022, 11:42 AM

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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.
tehoice
post Feb 21 2022, 12:28 PM

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QUOTE(tadashi987 @ Feb 21 2022, 12:07 PM)
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  tongue.gif
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no idea, hopefully they can clarify it through their updated FAQ next time.


QUOTE(bcombat @ Feb 21 2022, 12:08 PM)
feels kind of insecure because app never disclose the detail of asset they invested
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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 tongue.gif
tehoice
post Feb 21 2022, 12:33 PM

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QUOTE(Medufsaid @ Feb 21 2022, 12:30 PM)
do you even have the same confidence with Public Mutual? associated with Public Bank kan 😂😂
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cry.gif
cannot comment though, no experience with them....
tehoice
post Feb 21 2022, 05:09 PM

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QUOTE(Hoshiyuu @ Feb 21 2022, 04:24 PM)
Deposited 18-02-2022, 08:25 PM, processed 21st 4:20pm, credited with 1 day worth of interest. So probably just 1 day at best (the day it's processed)?

Inb4 some dumbass shows up and talk about how he's been milking this  doh.gif  doh.gif  doh.gif
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Deposits
I deposited some on Friday evening. (batch a)

I also deposited some this morning. (batch b)

Both batches processed and are now in the account.


Interests
Batch a - interest accrued from last Friday and is shown in the account already. (3-day worth of interest)

Batch b - no interest, as it was only deposited today, tomorrow should see the interest earned being reflected.


tehoice
post Feb 21 2022, 06:30 PM

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QUOTE(bcombat @ Feb 21 2022, 06:14 PM)
transparency is needed regardless of the company background and past achievements. For example, StashAway invested significant amount in Kweb but price kept dropping, if investors disagree with it then they can pull their money out ASAP.
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you got a point there. thumbsup.gif

QUOTE(Hoshiyuu @ Feb 21 2022, 06:19 PM)
Can I know how you calculated Batch A interest? Because I deposited Friday evening I for sure only received one day's worth of interest (~2.9X% p.a.)
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I basically just take that [n] amount multiply 3% / 365 x 3 days.

n x 3% / 365 x 3 days = very very close to the returns reflected in my account.
tehoice
post Feb 22 2022, 10:05 AM

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QUOTE(iamoracle @ Feb 21 2022, 08:24 PM)
Opened account at about 10:40am today and received approval email at 6:09pm.

Considered fast. Don't you think so?
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Yes indeed they are quite fast. but i think it is also because they are only slowly starting out, so they have "less" to handle in the beginning.
tehoice
post Feb 22 2022, 10:06 AM

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QUOTE(Davidtcf @ Feb 22 2022, 10:02 AM)
if we start losing our principal.. nobody will dare invest in MMF funds already.
Interest rate not guaranteed then more likely.. could fluctuate between 1-3%.

PIDM protected means if the company go bust, you get to claim some amount based on their limit.
For these online MMF funds don't have such protection so there's a risk on that.
Most of them are tied to big banks anyway.. so easy to go bust?  laugh.gif

still best to diversify your investments, don't put all in one basket.
anything happen to 1, you still have others that are ok.
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if it busts, then we are probably in one of the recessions already.
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.
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
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.
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.

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