102601340
commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$
Have a question. if lets say i put in 100k. i get about $10 a day in interest. will i get interest on the $10 the next day? i understand that 4.5% PA on $10 per day is not much. But just want to clarify.
Have a question. if lets say i put in 100k. i get about $10 a day in interest. will i get interest on the $10 the next day? i understand that 4.5% PA on $10 per day is not much. But just want to clarify.
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102601340
reacted to and commented on
102601340
commented on
$CSOP USD Money Market Fund(SGXZ96797238.MF$
why is there no return on 1st and 2nd may?
why is there no return on 1st and 2nd may?
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102601340 OP WilliamCyf : My question is, on the second day, will I get interest on 100k or 100,010 ?
102601340 OP : So let me try to get this clear. If let’s say the NAV today is 100, and I purchase 10 units of it, I would have invested $1000.
Assuming yield is 4% PA. Instead of paying out dividend or interest, the NAV will be 104 next year, and my investment will be worth $1040.
Now, let’s say another investor, Peter, would like to invest $1000 next year. He would have gotten 1000/104 = 9.615 units.
In the third year, the NAV will grow by another 4% to 108.16, and my investment will be worth $1081.60 and Peter’s investment will be worth 108.16 x 9.615 = 1039.95.
Is my understanding correct ?