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Deduction
Can anyone help to explain why will it have deduction in my account? Will this be frequently happen? Althought theres a cash dividend is coming but my money ady deducted
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希望是股王 : Normally they deduct some to offset the incoming dividends
105704862 OP : I see, do you know how often this will be occurring?
Felix Thian : May i know why need offset incoming dividend, will it recover back? As currently, the deduction is on principle amount
105517982 : Dividend is coming that's the reason
ChtMY : Actually after deduct and pay dividend, there are same to daily interest received
ChtMY : No lose and no special gain
希望是股王 105704862 OP : With this one it’s monthly, Versa’s AHAM money market fund does the same thing also
Kind of like stocks, they take the money out and then offset to us
They do this to maintain the Net Asset Value of the fund because these are all unit trusts
1 unit = RM1.00, if they do not do this RM1.00 will cost more than 1 unit as the value accumulates