Cash Fund - Cash Plus to max cash returns
$Fullerton SGD Cash Fund(SG9999005961.MF$ is the first cash fund I brought in sg and the only growing fund I am holding right now. (The rest bond funds n equity funds I hold are all decling... ![]()
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Recent return is about 0.5%-0.7%, which is 2 to 10 times of bank base rate. Even though some banks offer bonus interest but there is always a cap and normally quite troublesome to meet the requirements. In that case, cash fund may be a good alternative for cash more than 100k.
The only con is that the redemption would take 3 trading days. So I still keep some cash with bank just in case.
Another tip is to make the best use of fund coupons by subscribing cash fund. At least that's what I did, even though I missed out a few promos and some coupons expired before I notice. Anyway, it's never too late to start.
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Recent return is about 0.5%-0.7%, which is 2 to 10 times of bank base rate. Even though some banks offer bonus interest but there is always a cap and normally quite troublesome to meet the requirements. In that case, cash fund may be a good alternative for cash more than 100k.
The only con is that the redemption would take 3 trading days. So I still keep some cash with bank just in case.
Another tip is to make the best use of fund coupons by subscribing cash fund. At least that's what I did, even though I missed out a few promos and some coupons expired before I notice. Anyway, it's never too late to start.
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zoopy : Hi whats the difference between “subscribe” and “auto invest” in this case?
MM WOP zoopy: Subscribe is like one time purchase while auto invest is regular purchase set with certain schedule like weekly or monthly..
zoopy MM WOP: Thank you
猪儿143 : good
Cyinsect : Me too . All decrease except cash fund.
nukeskull : got a question. you just dump your money in there and grow right?
MM WOP Cyinsect: That's why I think it's the safest place for now.. Plan to see how in May then decide whether to invest elsewhere or not..
MM WOP nukeskull: Yup
skc2021 : So Cash Plus is an investment fund for idle money. Appreciate the info.
Ⓐⓑⓒ MM WOP: wat the min purchase for cash fund?
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