Versa

Who is eligible to invest with Versa?

Only Malaysian citizens who are 18 years old and above and have an NRIC/MyKad can open a Versa account. Malaysian Permanent residents are not eligible for a Versa account.

What are the fees and charges?

The Versa platform does not charge any fees to their user. However, there are management fees, trustee fees and fund-level fees paid to the fund managers, which differs based on the portfolios. Please refer to respective prospectus.

Is Versa Save PIDM protected?

Money market funds are not protected by PIDM. However, the Versa Fund places / diversifies our customer’s funds in multiple short term deposits of multiple Malaysian banks. In an unlikely case that one bank were to go under, it would only slightly affect the return of the fund.

Are Versa's portfolios Shariah Compliant?

Yes. Versa currently provides seven Shariah Compliant funds, which are Versa Cash-i, Versa Gold, Versa Growth-i, Versa Moderate-i, Versa Global-i, PRS Conservative-i, PRS Moderate-i, and PRS Growth-i.

Are there any minimum investment requirements on Versa?

The minimum amount required to Cash In into a Versa Save account is RM10, while the minimum Cash In for Versa’s investment and PRS portfolios is RM100. No minimum balance is required to maintain the account.