Interest Gain
$Fullerton SGD Cash Fund(SG9999005961.MF$ is the interest gained automatically reinvested? cause this will affect a lot in terms of compounding
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Moomoo Lily : @Moomoo Buddy Please help assist it.
Moomoo Buddy : Dear customer, When you use a certain amount of money to subscribe for a fund, the NAV (price) of the fund on a certain day will be used to confirm the final units of the fund (quantity) you have subscribed for.
If you do not continue to subscribe/redeem, the unit of the fund you hold will not change, but the NAV (price) of the fund may change on each trading day.
The fund's return is calculated by the change of the fund's NAV, which is the same as the return on stocks, instead of calculating compound interest.
If any further assistance needed, please kindly contact us through Me-Customer Service-Online Inquiry or drop us a call at +65-63218888. Thanks for your support and have a nice day ahead