How is the Cash Fund’s Net Interest Rate calculated?
The ‘net interest rate’ of the Cash Fund is derived from the underlying deposits in which the fund invests, after deducting an expense ratio of not more than 0.35%. This will be reflected in the changes in the fund’s daily unit price or net asset value. The daily unit price of the fund will vary with the interest rates offered by the various underlying bank deposits in which the fund invests.
