As a Versa Cash/-i user, it’s important to understand how your money grows. Did you know that you do not earn returns from the monthly payouts? You earn whenever the unit price increases, which is almost every day! We break it down for you here:
The Low-Risk Investment Funds behind Versa Cash and Versa Cash-i
Behind each of our savings products – Versa Cash and Versa Cash-i – is a low-risk savings fund that pools investors’ money together. When you make a Cash In to either Versa Cash or Versa Cash-i, units are automatically purchased from the respective funds.
Reinvesting for More Returns
Once your Cash In is reflected in your Versa account balance, you’ll start earning returns. You earn returns whenever the unit price of the fund increases, which is almost daily and it is reflected in your balance. So, if your balance goes up, it means you’re earning! Here’s an example:
You don’t earn from the monthly payouts. The payouts are actually reinvestment of your units, helping you earn more overtime. Hence, “Payout” will be changed to “Reinvestment” and this will be reflected in your Versa app’s transaction history.
Understanding Your Earnings
We want to help you understand how much you earn with us, so we display the base net return per annum for each fund on their respective pages. We also show the historical performance of the fund, so you can make informed decisions about your investments.
We hope this article has helped you understand how your savings grow with us! If you have any further questions or concerns, don’t hesitate to reach out to our customer support team.