$Maybank Retail Money Market-I Fund (MYU0100A2266.MF)$ I red...
$Maybank Retail Money Market-I Fund (MYU0100A2266.MF)$ I redeem but can't withdraw, why ?
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Ping1986 : Withdrawals must wait until the next trading day, but you can trade stocks directly or apply for an IPO.
Zoriannn Ping1986 : wait are you saying that I can use this mmf to buy stocks/apply ipo?
胡空 HuKong Zoriannn : It's not cash, but a money market fund. This is a fund that provides you with stable income, with T+1 provided enough. The reason for T+1 is that the fund needs to adjust its portfolio daily to ensure that its percentages are similar. Due to its rapid liquidity, some people use it as a temporary cash account instead of putting it in a fixed deposit, because once the interest is withdrawn from FD halfway, it's gone.Money Market Fund - Google Search