cookie monster, i do not mean to be rude but your blutant comments and over confidence without checking properly only show stupidity
http://www.icicibank.com/interest-rates.html
check this it is 7.5% p.a for 990 days
just like the local bank FDs they have different rate based on how long you wanna keep them but all interests are p.a.

If Najib transformation program successful, ringgit shoots up to RM2.50 to US dollar? habis lo.

guys, just a noob question.

How long after the declaration of dividend of AS1M before we can go update our passbooks?

That is highly unlikely though.
Starting from 1/10 morning every year.

Im selling 30K Chinese quota, get ready if you want to buy~

Im selling 30K Chinese quota, get ready if you want to buy~

You can't compare returns in different currencies just like that. That's in India.  At least convert it using forward rate. Then adjust country risk etc...

Im selling 30K Chinese quota, get ready if you want to buy~

Mr Amaltea's product is 7.5% for 990 days. Which means if you deposit RM1000 , you will get RM1075 after 990 days. That's 2 years 9 months.

AS1M, assuming you can get 6.38% this year, and the next year (2 years of 6.38%) , your return of RM1000 will become RM1063.8 for first year, and RM1063.80 x 6.38% for the second year = RM 1131.6.  It's compounded interest of 13 % in 2 years instead of his product only 7.5 %.

Don't get cheated by those numbers.

Unit trust companies like to play with 3 years (*) average return of 15%, 20% etc, but if you take into account their annual service fee, their trading fee... it's much lesser than that.

Take ASW2020 for example, their return has been consistently above 6%. Take 6% and compound it for 3 years, you get 19% return with NO annual service fee, no selling fee whatsoever. Any unit trust fund can beat it? hardly

guys, just a noob question.

How long after the declaration of dividend of AS1M before we can go update our passbooks?

i am happy but i was hopping it would be closer to the magic 7 number.... but it is better than fd..

Yes, i certainly agree on the return part..

Many unit trust companies reported the average return without considering the service charge of 5% (normally charged at this range)..

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Added on September 24, 2010, 9:22 am

1st of October 2010

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Added on September 24, 2010, 9:37 am

Me too, but after recalling about their dividend policy, i do realize that they are going to set apart of the earnings for retained earnings..

Thereby, the dividend become less than 7%, but however, still better than the thoughts of other people who keep mentioning the dividend is 4% last time during its launching..

Now, many of the people are regretting on their perception that leads to the lost of opportunity.. 

Actually if know some bankers very well, u can put in asm anytime. But maybe need duit kopi lah

So far, 100 per cent of the quota given to the Chinese community has been subscribed while the units for Bumiputeras and Indians have remained largely unsubscribed.

"While it has taken time, we are now beginning to see growing interest from the Bumiputeras," he told a media briefing Thursday.

On a monthly average, some RM30 million worth of units are sold to Bumiputeras, he added.--Bernama

AS1M chinese quota sudah full?

If i'm correct, this thing actually happen in the case of asw 2020 few years back where the non-bumi quota fully subscribed (49%) & there are lot of unsold bumi units (51%) still unsold (currently even bumi units sold out).  So this thing of unsold bumi, indians & others units floating where the chinese quota fully finish is normal....

Confirm still sold out ? As far as i know, there were many Bumiputra selling back their units to ASNB in the last few weeks. Me being one of them