(Part 1) Introduction on Money Market Fund "MMF"

Thanks for you email to checking up with us. First of all would like to said sorry for not be able to consistently update this blog as currently we are fully occupied for parenthood life with our new born. But this is not an execute anyway, where in my 2021 resolution updating this blog is one of TOP 10 item i need to accomplish this year.

Back to the personal finance topic. There is a lots of blog talking about stock market, option, warrants but i observe that there is very rare blog discuss about how you going to manage your emergency fund or short fund. There is actually a good ways to keep growing your short term fund instead keeping at saving account which only give you as low as 0.05% (Singapore POSB bank) or 0.25% at major commercial bank such as CIMB or Maybank Malaysia.

Let discuss about what is Money market fund? : Explanation by the Investopedia, "A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries). Money market funds are intended to offer investors high liquidity with a very low level of risk. Money market funds are also called money market mutual funds" - In short, Money market fund or MMF is a low risk investment tools (Risk level 0 - 1) which able to give a 1% - 2% p.a. return to your account daily. Each market input and withdraw will take you a maximum of 3 working day for this money back to your account.

Personally i start to put my short term cash at Money market fund through Fundsupermart.com since year if 2010. This was introduce to me by one of my investment mentor during my college time. To initial the money market fund you may need to have a minimum a sum of RM 1,000/RM5,000 to enjoy the yield return from 1.32% to 1.98% depending which MMF product you invested. Below is a MMF comparison i abstract from FSMone.my in excel :-

Above money market fund you can found in Fundsupermart.my

Personally i invested in the MMF highlighted in "yellow" which provide me the best yield after minus of those fee (Annual + Trustee fee). 

Recently Malaysia Touch and go had launch the Go+ feature which allowing user to enjoy the money market fund services. To enjoy the interest yield of 1.24% to 1.61% you can initial this feature by transferring a minimum of RM10 to enjoy the interest which the maximum fund you can put in is RM9,500. There is also a annual fee of 0.45% + Trustee fee of 0.03% will be charge per-annum.

Personally i quick like this function as you get to see your interest return daily in your Touch n Go application. 

I will explain more in next upcoming blog for where your money will go after you invest into money market fund. Above is purely for Malaysia MMF invesment tools, for Singapore i will be introducing Grabs investment feature, Syfe which i use as my MMF tools in next few blog stay tuned.

Below is my reference code, you are more then welcome to use this :-

1) Fundsupermart.com.my : https://www.fsmone.com.my/public/account-opening/personal/account-info?referrerRefno=M0088240&referrerName=Jimmy-Chai-Yow-Kang

2) Touch n Go , Go+  feature : 5mz6Tn

Hope you enjoy this short MMF introduction, do not hesitate to drop me an email or comment of the chat box below. Have good investment journey and make every penny counts !