FSM Buzz  
Fundsupermart's Cash Management Fund is on Board! September 17, 2008
Fundsupermart.com's new Cash Management Fund offers convenience to our investors while earning returns on par with bank savings.
Author : iFAST Content Team

Untitled Document

Fundsupermart's Cash Management Fund Is Available!

In our continuous efforts to bring even more benefits to our investors, Fundsupermart.com is offering a Cash Management Fund. This money market fund is managed by OSK-UOB Unit Trust Management Bhd and available only for Fundsupermart.com’s investors. 

Cash Management Fund offers returns, convenience, security, liquidity and ease to investors. Your investment here earns an annual yield (interest rate). The current rate of 2.96% (as at 17th September 2008) is benchmarked against Maybank Berhad’s savings account, but is expected to outperform. For the latest Cash Management Fund rate, click here.

To make things even better, there are no sales charges to be paid when placing money in the Cash Management Fund. When you feel that it is time invest in a particular unit trust, you can utilise funds in your Cash Management Fund at anytime to conduct a buy transaction.

Investing in the Cash Management Fund is easy as it only requires a minimum first-time investment of RM500 and RM100 for the subsequent investments. There is no lock-in period and the minimum redemption amount is RM100.

To purchase Cash Management Fund, kindly login to your FSM MY account, click Transaction > Cash Management Fund > Buy Cash Management Fund.
For more information on Cash Fund, kindly refer to the Fund factsheet and prospectus.

Cash Fund Quick Facts:

  • Introduction Date: 4 September 2008
  • Min Initial/ Subsequent Investment: RM500
  • Minimum Holding: 500 units
  • Minimum Redemption: RM100
  • Minimum RSP Amount: RM100
  • Fees: Zero sales charge; expense ratio of not more than 0.40% p.a.

This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any fund. No investment decision should be taken without first viewing a fund's prospectus and if necessary, consulting with financial or other professional advisers. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Past performance and any forecast is not necessarily indicative of the future or likely performance of the fund. The value of units and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer in the website.