$Fullerton SGD Cash Fund (SG9999005961.MF)$ what the differe...
what the difference between rsp and subscription
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Dadacai : Regular Savings Plan (RSP) allows you to do regular subscriptions at a fixed frequency. The units purchased via RSP are added to the total units you hold and you redeem them the same way as the other units.
104221716 OP : Sorry I am new to this , so how does the subscription and rsp works , I don’t really understand
Tooer : Take subscription like a one time money placement while RSP constantly puts in money at a fixed timing, hope this helps
104221716 OP : 7days yield meaning to say I got to hold for 7days then after that I will get back the 3.7816% based on the sums I put in ?
Dadacai 104221716 OP : That is just an annualised indication of the fund’s performance based on the past 7 days. It is not a guarantee of future performance and there is no lock in period.
The value of your holdings is the number of units you buy when you subscribe (amount invested divided by the NAV at the point of subscription as shown in your moomoo statements) x current NAV so subtract the amount you have invested from that to arrive at your total return. 10K will give around S$1 of return a day at the current annualised rate of return (10000x0.037/365). The rate of return will fluctutate as the interest rate environment changes. The daily revenue is to help you track the day-to-day change but it is not locked in until you redeem the units. This is not a bank deposit although most of the underlying assets in the Fullerton fund are SGD bank deposits and MAS bills so it should be pretty safe (though not zero risk). Under MAS rules, clients’ funds and assets are segregated from the stockbroker’s money and assets. If you invest in a unit trust, the assets of the unit trust are held separately on trust by a trustee appointed by the respective fund houses. Seviora Group which is a wholly-owned subsidiary of Temasek Holdings owns 51% of Fullerton. Income Insurance owns 49% of Fullerton. This is not financial advice.