What is Versa Cash?
Versa Cash is a low-risk cash management fund, which invests in Affin Hwang Enhanced Deposit Fund. The fund is a money market fund managed by AHAM Capital (formerly known as Affin Hwang Asset Management) and invests in multiple short-term Fixed Deposits.
With Versa Cash, you can
- Save with a minimum of RM10 (As of 1 March 2023).
- Cash Out anytime, with no penalties.
- Grow your idle savings with higher returns
While Versa Cash is not protected by PIDM, your assets i.e. the funds are safeguarded in a separate trust account under HSBC Malaysia Trustees Berhad – AHAM Capital’s custodian.
AHAM Capital also has a great track record, outperforming its benchmark for the past decade. Not just that, Morningstar, a reputable investment research website has rated the fund 4 out of 5 stars!
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