Yes the capital is 200K. Ive already got about RM250K in there. Was wondering whether i could increase the capital limit of 200K.

Wow, your friend's uncle might be a very high income earner..

Anyway, its true that there would be a few big withdrawal expectable..

This post has been edited by smartinvestor01: Aug 24 2010, 02:58 PM

Nah...he is a retirees, instead of letting his $$ sitting in the FD, so he transfer some to the ASW as and when there is an availlability.

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Added on August 24, 2010, 4:12 pmTrue enough, i was told the same, but if u r a new account (less than 1 year) still cannot pump in more money, how far u can go beyond 200K depends on how long u had been maintaining the account....i have come accorss one depositor has > 500K in his ASB account

This post has been edited by cheahcw2003: Aug 24 2010, 04:12 PM

then will the added dividend be compounded as well?

say you already max out 200k, plus the divident lets say 15000, then the next year will the divident calculated at 215,000 or 200,000?

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Added on August 24, 2010, 8:58 pmoh!
so the dividend will be calculated from 400-500k?
woah, then if 9% divident return can get 45000 free money a year??

This post has been edited by ah_suknat: Aug 24 2010, 08:58 PM

yes the interest is calculated based on your total balance available. But you cant top up more cash once your principle investment reaches 200K. The dividends can continue to increase.

let say one shot throw in 200k max...how long it will take for it to reach 500k, let say at 8 percent fix pa. I don't know how to calculate compounding interest....

12 years

u may find the following website useful:
http://www.1728.com/compint.htm

Any latest update that which fund still available?

Do you guys know how the interest is calculated?

Assume that the dividend declared is 6 sen, how is the dividend calculated?

Its a big question for me because i have many transaction at different months..

Thanks in advance..

the dividend is monthly rest, base on the lowest balance of the month.

i bought this one last year when it first came out

matured on 8th August this year and still nothing . no news on the dividend / distribution amount .

since PNB states ( Tahun Kewangan Berakhir 30 September ) then wait for 30 sept for it to be announced .

more info :http://www.asnb.com.my/as1msia.htm

anyone else bought this ?

there is no maturity of the AS1M. If their financial year end is 30 Sept, means they will annouce the dividen prior to that and will be credited to your account on 1st Oct, just bring your AS1M passbook to update with any agent on or after 1 Oct.

thanks for the heads up

are you in this as well ?

No i invest in their other fixed price funds, i.e. ASW2020

let's hope they will open the as1m in near future.

got some cash at the moment but put in FD ( 1 monthly). don't dare to go into stocks atm, looks very expensive now. where to put money ah?

property? people say got bubble building up there.

ayo yo..

dont think they will open the bumi quoto to non bumi for AS1M, or else PERKASA will make a big issues...
1 year ago when PNB open unsold AS Malaysia bumi quota to Non bumi, Utusan Melayu already make noise.
If u really want to top up AS1M/ASW/ASM, i will suggest u to try and error with any agent bank that u know well, some tellers are very helpful.

True what you say.... BUT MONEY is more important.... AS1M only 40%++ subscribed of 10 Billion (30% fully by chinese, some 8% by indians & 2% by malays/bumi) still have around 6 Billion++ left.... need to fill that 6 billion..... if my prediction is correct, pnb will announce little bit higher dividend rate for AS1M at maybe around 6.5% - 7% to attract people at the fund. after announce the dividend rate & after credited by 1st OCT, maybe around 5th or 6th OCT pnb announce subscription for remaining unit.... this happen in past few years ago, if you all remember, it started around year 2005 & lasted until year 2008...... i can remember this because in the year 2005 & 2006 (asm & asw2020) i did't get any chance to buy because sold out within 20 - 40 minutes after PNB counter open.... that time no quota ie. 20k per person/week.... thats why finished fast.... still remember the person infront me at maybank took out around rm 120k to invest in asm & after that when my turn came, all asm fund sold out!!!!!!!!!!

hi all, can i buy as1m now? or have to wait till 4th sept as annouced in asnb ? http://www.asnb.com.my/index.htm

Right now you can try to ask at the counter on the availability of the AS1M fund at the banks and the other PNB agents.

If you are talking about waiting for the 4th September, for us chinese, we would be waiting for a miracle, because its not much hope..

First, is if the dividend announced were attractive, the next day after the fund had paid the dividend, all the chinese will queue for it, early in the morning..

Secondly, we never know whether the PNB is going to open up some of the other quotas for subscription..

the 4th september date on asnb is 2009 lar when asnb decided to remove the 50k cap per person