36 terms
Glossary
Terms you will see in the app and the guides, in everyday words.
- AHAM CapitalAccount & Process
AHAM Asset Management Berhad, the manager behind every fund inside Versa.
Read more →- Auto Save (Auto Debit)Transactions
An automatic bank deduction on the 5th of every month, going into the fund you chose.
Read more →- Auto Save Bank Account (ADBA)Transactions
The bank registered for Auto Save. It has a monthly limit called the Maximum Amount.
Read more →- Base nett returnProduct
The fund's actual rate for that month after fees, as shown in the app.
Read more →- BaselineQuest
Your net Cash In amount before tapping Join on a quest.
Read more →- Booster rateQuest
An extra annual percentage on the portion of your Save balance that qualifies, paid out the following month.
Read more →- Cash InTransactions
Putting money in (via FPX) to buy fund units.
Read more →- Cash OutTransactions
Selling your units and withdrawing the money to your own bank account.
Read more →- Cut-off timeTransactions
The last time on a working day for a request to be processed the same day: 10am for Cash-i, 3pm for others.
Read more →- eKYC / verificationAccount & Process
The identity verification process using a MyKad photo and a selfie.
Read more →- Feeder fundProduct
An AHAM fund that channels almost all your money into one overseas fund (the target fund).
Read more →- Forward pricingTransactions
The unit price used is the price after your request is sent, so the final amount can end up slightly different.
Read more →- FPXTransactions
Malaysia's online banking payment system, the only way to Cash In to Versa.
Read more →- Fresh fundsQuest
New money that pushes your balance above your baseline. Switching funds inside Versa doesn't count as fresh funds.
Read more →- GoalApp
A savings target inside the app. Money in a Goal needs to be "broken" first before it can be Cashed Out.
Read more →- Income distributionProduct
A fund's income payout, paid out as extra units.
Read more →- Money market fundProduct
A fund that places money in bank deposits and short-term instruments. Low risk, small but steady returns.
Read more →- MYR-HedgedProduct
A fund class that hedges currency, so movement in JPY/USD has less effect on your RM value.
Read more →- PIDMAccount & Process
Bank deposit insurance up to RM250,000. It doesn't apply to money inside Versa.
Read more →- PPA (Private Pension Administrator)Product
The Private Pension Administrator, the official PRS administrator, charging RM8 a year for the following year's contributions.
Read more →- Private Retirement Scheme (PRS)Product
A voluntary retirement scheme with tax relief of up to RM3,000.
Read more →- QuestQuest
A mission in the app that gives a booster rate once the task is done and Join Now is tapped.
Read more →- RebatesQuest
The name quest rewards show up as in your transaction history, under the Bonus section.
Read more →- Recognised Market Operator (SC)Account & Process
Versa's status under the Securities Commission Malaysia, following guideline SC-GL/6-2015.
Read more →- Referral codeReward
An existing user's code (for example VDAUSDK) entered during registration so both sides get an RM10 reward.
Read more →- Suitability Assessment Test (SAT)Account & Process
A risk-profile questionnaire from AHAM done during registration.
Read more →- SukukProduct
A Shariah-compliant bond. Islamic funds use sukuk in place of conventional bonds.
Read more →- SwitchTransactions
Moving money from one Versa fund to another, without withdrawing to the bank.
Read more →- T+N working daysTransactions
T is the processing day; N is how many more working days before the money shows up or reaches your bank.
Read more →- Target fundProduct
The actual underlying fund a feeder fund invests into, for example the JPMorgan US Technology Fund.
Read more →- Time-weighted returnMeasurement
A performance measure that isn't affected by when you put money in or take it out.
Read more →- Tracker fundProduct
A fund that tracks the price of something (gold, an index) instead of picking individual stocks.
Read more →- TrusteeAccount & Process
An independent party (HSBC, Deutsche, CIMB) that holds the fund's assets, not Versa itself.
Read more →- UnitBasics
A small share of a fund that you buy when you Cash In. Its value follows that day's unit price.
Read more →- Working day / business dayTransactions
Monday to Friday, excluding public holidays. Saturday and Sunday don't count.
Read more →
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