How do we get out the dividend only?
as i know this find giving out interest everyday. if i just want to withdraw the interest, how can i do it? and how long it takes?
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Moomoo Lily : Hi, @Moomoo Buddy Please assist. Thanks!
Moomoo Buddy : Dear client, you can redeem the amount via moomoo app--accounts (assets-funds) --click into Fullerton SGD Cash Plus Fund, and then you may find the [redeem] icon. If you redeem by T Day 12:00, you can withdraw that before T+1 20:00. If you have any questions, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry or hotline (+65)-6321 8888 Thank you for your support! Have a nice day！
Dadacai : This unit trust doesn’t distribute interest/divendends actually although the underlying assets which are bank deposits and MAS bills can increase in value due to interests. The daily revenue just tracks the daily change in NAV. When you redeem, you will have fewer units left to generate returns. Cash Plus - a possible vehicle to park your idle funds
SkyInvestor OP Dadacai : Correct me if I’m wrong.
Eg you got 100 units, this 100 units per unit increases in price everyday. So if you redeem the interest. It will deduct from the 100 units?
Dadacai SkyInvestor OP : Number of units purchased = Amount invested/NAV at the point of subscription. When you redeem, the number of units deducted = Amount redeemed / NAV applicable at the point of redemption. To use the stock analogy, when you purchase 100 shares and the prices rises, to take some of the profits, you have to sell some of the shares.