Money Market Fund (MMF) is a mutual fund option that prioritizes stability by investing in low-risk, high-quality, and easily-liquid assets. These funds offer investors the ability to quickly access their money and aim to maintain capital while still earning a nominal return.
At Versa, your funds are invested in the AHAM Enhanced Deposit Fund (Versa Cash) / AHAM Aiiman Enhanced i-Profit fund (Versa Cash-i). This money market fund primarily invests in secure, low-risk assets such as fixed deposits with Malaysian banks.