Dadacai wrote a post · Aug 18, 2022 23:30

Cash Plus - a possible vehicle to park your idle funds

Scroll down to How to Subscribe if you just want to know when your subscription is processed and when your returns are updated.

I started subscribing to $Fullerton SGD Cash Fund (SG9999005961.MF)$
when moomoo offered SGD 90 cashback for starting a Regular Savings Plan (RSP) of at least SGD100. In total, I placed SGD500. There was another SGD8.80 cash coupon for investing at least SGD100 in any fund so I subscribed another S$100.

While investing in funds carries a degree of risk as the capital is not guaranteed or protected by SDIC, $Fullerton SGD Cash Fund (SG9999005961.MF)$ is considered low risk as it invests the money primarily in SGD bank deposits and government-related bills. Below shows its historical pricing from Feb 2009 to Aug 2022.

Updated: Feb 2009 to Oct 2024

The fund itself has given me a return of SGD1.17 to date.

My total return to date is around SGD100 (16.67%) on my initial capital of SGD600. Thank you, moomoo! @Moo_Rich

Update:

Calculating Your Total Absolute Yield

Number of units purchased*: Amount invested/NAV applicable at the time of subscription**

Current value of units : Number of units purchased x current NAV***

Total Yield: Current value of units - Original amount invested.

*You can also find this information in your daily statements (Account > More > Statements)

**Refer to the timeline at How to Subscribe below to determine the date of NAV applicable

***Historical NAV figures for $Fullerton SGD Cash Fund (SG9999005961.MF)$ can be found at Fullerton’s official website here. For $Fullerton Fund - Fullerton SGD Liquidity Fund (SGXZ40088619.MF)$ , click here.

Note: Revenue Details is moomoo’s way of showing the day-to-day change in the NAV for the number of units you currently hold. No interest or dividend is actually paid out to your moomoo account. The return can therefore become negative if the current NAV falls below the NAV of the previous dealing day. The chance of this happening is low for this particular fund due to the nature of the underlying assets (SGD bank deposits, MAS bills, etc) but it can happen.

Trading Rules

Go to the fund page and scroll to the bottom > select Trading Process and OperatIon Fees.

How to Subscribe
Click Wealth and then Cash Plus. Click on the fund you want.

Apply applicable Fund Coupon.

Weekends, public holidays and funds closed dates are non-dealing days. Subscriptions submitted before 12pm will be based on the NAV on the same dealing day (T). Your return will start the following dealing day (T+1) but shows up in the app one day later (T+2) as moomoo’s figures are delayed by one day. Subscriptions after 12pm will be based on the NAV on the following dealing day.

Accounts > Funds tab > Fullerton SGD Cash Fund > Revenue Detail

How To Redeem (Withdraw to your moomoo account)
Go to Accounts > Funds tab > Fullerton SGD Cash Fund

If you redeem before 12pm, the NAV is the one announced on the previous dealing day (T-1) i.e. transactions on weekends and before 12pm on Mon use the NAV announced on the previous Fri. The amount will be posted to your moomoo account the next working day. If you redeem after 12pm, the NAV is the one announced on the dealing day (T). The amount will be posted to your moomoo account the following working day before 8pm. Check Accounts > More > Funds Details

Suspending or Stopping RSP
If you are on a RSP, go to Funds > RSP(s) > My RSPs > click on the relevant fund > Management at the top right corner.

End will result in the RSP plan being terminated permanently. It cannot be restarted. You can set up a new RSP in future.

Pause will suspend RSP until you choose to restart it.

Smart Save

This is a new feature that auto subscribes to $Fullerton SGD Cash Fund (SG9999005961.MF)$ and/or $CSOP USD Money Market Fund (SGXZ96797238.MF)$ using uninvested funds in the Universal Account. It also auto redeems when the Universal Account is in deficit. Click on the below blue link for more information as well as learn how to activate or suspend it.

SmartSave-moomoo Help Center

Money Market Fund for USD
$CSOP USD Money Market Fund (SGXZ96797238.MF)$ is an option to consider for those who have idle USD. I have yet to study this in detail as I don’t keep a ready pool of USD.

Poll

Before you leave, please click the below if you find this post helpful.
Disclaimer: The above sharing is for educational purposes. It is not financial advice or a recommendation to invest. Please consult a financial advisor and consider your investment objectives, financial needs, financial position and risk profile before making any investment decision.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

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What is your name : very informative and nice !

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Dadacai OP : @quiet Anteater_7034, you can find the answer to your question in my post.

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Dadacai OP What is your name : Thank you :)

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Shuseido : Better if you can include the Redemption and Withdrawal process, waiting time, etc..

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Dadacai OP Shuseido : Thanks, updated.

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Shuseido Dadacai OP : Perfect!

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quiet Anteater_7034 Dadacai OP : Do you have the link to your post? My kopi coupons keeps saying redeemed ( it is not by me)... is my account hacked?

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Dadacai OP quiet Anteater_7034 : My post is right above (you can click the message bubble below to jump to it). If they have been redeemed, moomoo could have done it for you automatically for this promotion. How many coupons do you have? Wait for 1-3 working days for the cash to come in.

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Milk The Cow : Yar, moomoo offered MMF is quite good .
I think I preferred the $Fullerton SGD Cash Fund (SG9999005961.MF)$ more than $CSOP USD Money Market Fund (SGXZ96797238.MF)$ .

I invested in $CSOP USD Money Market Fund (SGXZ96797238.MF)$ too because I got idling USD & I wanna compare the both MMF .

However, there's a downside to CSOP is that u need take T+1 day to transferred USD to the US margin account from the Universal Account after redeeming the funds... In just 1 day, u may lose a US stock buying opportunity .

Had suggested to moomoo to allow the option to credit the redeemed USD sum into US margin account instead of only one option, to the Universal Account.

Welp, I guess the redeemed USD can still be used to buy others funds (equity/bond/balanced USD funds) in the Universal Account instantly .

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Milk The Cow Milk The Cow : To be more specific, the T+1 day is not referring to the transferring day required but is the day needed to be able to mobilise the funds for currency exchange or withdrawal to bank ...
(Transferring idling cash between account is instantly )

I was thinking if moomoo allows us to credit redeem USD funds into the US margin account instead, I can trade stock without leverage (Actually I'm not even sure I can leverage with $0 cash in US margin account . But it's too dangerous to leverage as I may triggered a margin call if my stock position dropped too much...).

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Dadacai

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