Money market fund (MMF) is a type of mutual fund that invests in low risk, high-quality, and highly liquid assets.
Investments in money market funds are typically liquid, meaning you can usually get your money out within a few business days. The goal of a money market fund is to preserve capital while obtaining a nominal yield.
At Versa, your money is placed into a money market fund known as the Affin Hwang Enhanced Deposit Fund, a fund that only invests mainly in very low risk assets such as Fixed Deposits to Malaysian banks.