hi guys, can i open a new AS1M tomorrow, 1st October, if i am a malay? (just checking, of course not for myself)

Maybe u have to ask directly..

For the Malay quota, i am not very sure... Maybe there is some chance..

put asb better if you are malay since higher interest.

Agree with that... ^^

Most likely he has maxed his ASB to be asking this question.

For all Bumiputra, the answer is YES

if chinese?
i think for indian there are still so many left right?

The Chinese quota has long been fully subscribed. Chinese only stand a chance only if someone sold his/her tomorrow.

indian how?
i have close friends in 1malaysia.
i can buy under them and transfer later right?

Money ruins friendship. Do not even think of doing that. Just my RM0.02.

No, be careful here, you CANNOT transfer. The moment someone sells his/her units, they're out in the open for others to buy if such units are limited.

There is only one way to "transfer" - via inheritance and a will in the event a holder passes away.

Tomorrow will be a slight chance that Chinese quota for AS1M will be available due to people selling it, right ?

Better chance if someone withdraw the dividend tomorrow

No harm to try at the counter while updating the passbook..

If the Chinese are in it for wealth accumulation, then I would think the chances are very low for any freed-up units this morning.

If there is continous income to be generated from this line, why sell-away so easily ?

Yes, that went through my mind..

Most of the chinese might not touch their investments here.. Since it consistently generates income for them every year, no reason for them to sell it..

Unless, some of them are in debts to settle some issues.

I got one question. Is it possible that the par value @ RM 1.00 per unit will fall in value below RM 1.00 since it is non guarantee fund? As far as I know the fund is know as fixed price fund. Sorry for repeating if some forumers have raised up this question before.

The non guarantee is refer to the return (dividend) which is not guarantee. For the fund price is fixed as u said.

Indeed, I m still quite confuse with the mechanism operation of " Fixed Price Fund"!

Let say, if unexpected bad economic persist for many years and the funds incurr a substantial losses in investments. Then, most investor will start to sell-off the funds. When this occur is it possible that PNB will buy back below RM1.00 as PNB has insufficient fund available even it sell all the investment in hand ?

Besides, it's hard for the Chinese to buy such funds. Therefore, most of them will not sell it