RHB-OSK Cash Management Fund 2 – Better Than Saving Account
RHB-OSK Cash Management Fund 2 – Better Than Savings
March 16, 2011
We, at Fundsupermart.com believe that investors deserve to know of this cash management fund, which offers you more benefits than a savings account.
Author : iFAST Content Team
RHB-OSK CASH MANAGEMENT FUND 2 - BETTER THAN SAVINGS
Generally, most people will allocate a portion of their income and place them in the fixed deposits and savings accounts to grow their wealth while in search of profitable investments as well as for security purpose in case of any emergencies. These products are considered as a safe haven because you earn a steady interest by placing monies into these products. Furthermore, these are products from the bank which are viewed as stable and provide confidence for most people to keep their monies.
What if there is another product that offers you with a more attractive rate to grow your savings than a savings account? We, at Fundsupermart.com believe that investors deserve to know of this cash management fund, the RHB-OSK Cash Management Fund 2, a better alternative for your savings.
THE CASH MANAGEMENT FUND: THE MECHANICS
The RHB-OSK Cash Management Fund 2 is managed by the RHB Asset Management Sdn Bhd and is exclusively made available to Fundsupermart.com’s investors. The fund manager invests into Malaysian Ringgit-denominated deposits from financial institutions in Malaysia.
To invest in this fund, the minimum initial investment amount is RM500 and minimum subsequent amount is RM100. There is no sales charge and no lock-in period too. The fund’s expense ratio is 0.40% per annum (as at 31 March 2014) which is deducted from the net interest rate. To find out more on how the net interest rate is derived, please click here.
The net interest rate of the RHB-OSK Cash Management Fund 2 is 3.155% as at 23 July 2014.
THE BENEFITS OF THE RHB-OSK CASH MANAGEMENT FUND 2
Higher interest rate than a savings account – the cash management fund invests into deposits which pay higher interest rate than a savings account
Parking facility – You can park your money in this fund while waiting for the right time to invest in unit trusts on our platform
No delay in buying unit trusts on our platform – You can buy unit trusts that are available on our platform by using the monies in the fund and there is no lag time as we are able to process your transaction order on the same business day you place the purchase order (before 3pm on a business day)
Zero sales charge
Low minimum initial investment and subsequent amount – Minimum initial investment amount is RM500 and minimum subsequent amount is RM100
Liquidity and no lock-in period – You can sell the fund on every business day (before 3pm) since there is no lock-in period to keep your monies for a specific period of time. The proceeds from selling the fund will be posted to you either by cheque or deposited into your designated bank account in two business days’ time
Facilitates the execution of the Regular Savings Plan (RSP) – Monies can be deducted from the fund to buy selected unit trusts on a regular basis
Visibility of daily interest rate – Investors will be able to know the interest rates on a daily basis since the fund invests into deposits
*The net interest rate of the RHB-OSK Cash Management Fund 2 is derived from the underlying deposits which the fund invests in and also after deducting an expense ratio of 0.40% per annum.
Click here to find out more on the RHB-OSK Cash Managament Fund 2.
Click here to view the RHB-OSK Cash Management Fund 2 factsheet.
Click here to view the current net interest rate of the RHB-OSK Cash Management Fund 2.