Is this capital protected?
Hi, I am interested but new to this.
1. Is this capital protected just like fixed deposit?
2. How is the 3 days at 15% fund coupon works?
Thanks!
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Moomoo Lily : @Moo_Rich please help to answer this problem.
ShuseidoOP Moomoo Lily: Thanks for calling out @Moo_Rich.
However @Moo_Richhas not been answering many questions recently.
Appreciate your quick response so I can make my decision.
102782243 : the deposit is not capital guaranteed as there's a super unlikely chance it might return negative for one day, a statistical probability, hasn't happened before.
I think I got that from the fund factsheet
ShuseidoOP 102782243: Thanks for answering.
Do you happen to know how the fund coupon works?
102782243 : fund coupon works seperately, think of it as a reward.
they will deposit seperately, no need to redeem.
P0tato : Check the T&C for maximum principal accrual amount for maximum benefit. If it's 20k, you will get $X in 3 days. $X = 20,000 x 15% / 365 x 3 days = $24.65.
Reward is credited daily at 8pm. If you redeem on the 2nd day, then you'll get 2 days worth of reward.
P0tato : Check the T&C for maximum principal accrual amount for maximum benefit. If you place 20k, you will get $X in 3 days. $X = 20,000 x 15% / 365 x 3 days = $24.65.
Reward is credited daily at 8pm. If you redeem on the 2nd day, then you'll get 2 days worth of reward.
COBRACONDA :
SOHAN MD : today i subscribed
ShuseidoOP SOHAN MD: How much you have subscribed?
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