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@susier Usually yes, but not all platforms do the same thing so you need to do your own research. e.g. Hatch puts wallet money into DAGXX which counts towards FIF. There's an example of the bottom of this page: https://www.hatchinvest.nz/articles/what-is-a-money-market-fund

@andrewn Probably good to also note that in most investment platforms, your money in your wallet is put into a money market fund which counts towards FIF. So, if you have $49,000 in stocks and add $2,000 to your wallet or receive $2,000 in dividends, this will put you under FIF.