$Maybank Retail Money Market-I Fund (MYU0100A2266.MF)$ Why ...
$Maybank Retail Money Market-I Fund (MYU0100A2266.MF)$ Why is it i lost rm13.56 but still have net asset at rm5100?
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102410652 : This MMF distributes dividends every month, with an expected payment date of 30 Sept.
Francis LAI S H : Today is the ex-dividend date, dividends will be distributed. Maybank does this at the end of each month. The interest is automatically deposited into your moomoo account, not here in the fund.
Hamed Hazretere : well explained thanks
104335952 OP Francis LAI S H : Oh, I was confused because I saw that the net asset was still the same at 5100, so is this 0.01 each day the NAV rising or is it also a type of interest?
104266827 : invest RM10015 now decreasing?
Moomoo Buddy : Hi! On Sep 27th, Maybank Retail Money Market-I Fund experienced negative returns, but your holdings did not actually incurred any losses. The main reason is that:
1. The NAV of the fund was 1.0153 on Sep 25th and decreased to 1.0126 on Sep 26th, a reduction of 0.0027; However, the fund initiated monthly dividend distribution on Sep 26th, with a dividend of 0.0028 per unit.
2. As a result, there were no actual losses to your holdings. When dividends are distributed monthly, the dividend amount will be deducted from the unit NAV, resulting in a decline in the unit net value of the fund on the ex-dividend date, Sep 26th. Therefore, [Daily Chg] were displayed as negative. At the same time, the expected dividend amount will be displayed in [Assets in Transit]; on Sep 30th, the actual dividend amount will be credited to your Universal Account.
3. You can click on the icon next to [Assets in Transit] to view the details, or compare [Daily Chg] with [Assets in Transit] to see that the actual cumulative returns are positive.
103485432 : How exactly is it calculated????