you can try Public Islamic Bond Fund, or PB Fixed income fund, these funds just won some awards, initial charge is 0.25%, can buy from Public bank or any P mutual agent.

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Added on April 7, 2010, 11:29 pmASQM chinese quota has been 95% subscribed...

PNB Confident Of Full Subscription For Amanah Saham 1Malaysia


KUCHING, April 3 (Bernama) -- Permodalan Nasional Bhd (PNB) is confident that all 10 billion Amanah Saham 1Malaysia (AS1M) units will be taken up by the public.

To date, 3.6 billion had been subscribed, President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said Sunday.

Of the 10 billion units of AS1M launched in July last year, five billion are allocated for Bumiputera, three billion for Chinese and 1.5 for Indian investors, while the balance for others.

Hamad said that of the total units allocated for the Chinese, only five per cent was left.
"This is because the quota for the Chinese community for other unit trusts has been fully taken up, so they take the opportunity to subscribe for AS1M," he told reporters in Kampung Pinang Jawa here. He said that of all unit trust funds managed by Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of PNB, 10.9 billion units were subscribed by 951,000 unitholders in Sarawak.

On the Malaysia Unit Trust Week 2010, he said, it would be held at the car park of Wisma Bapa Malaysia here from April 20 to 26 and officiated by Deputy Prime Minister Tan Sri Muhyiddin Yassin.PNB expects at least 150,000 visitors at the event where prizes worth RM500,000 are up for grabs.

-- BERNAMA


This post has been edited by cheahcw2003: Apr 7 2010, 11:29 PM

PNB's ambition is to sell AS1M and to reach 10billion quota set by our PM Najib. What i guess next for AS1M will be

a) declare 1st year annual dividen matching with ASM/ASW2020

b) increase the Chinese quota or open quota to all Malaysian regardless of race, to attract more ppl to invest, after the 1st year annual income annouced.

everyone has different risk appetite....

yes i agree with you, ASW/ASM/AS1M, i always use it as a saving account where i can temporary book my fund while looking for other opportunity, the pay > 6% in average so it is good to temporary park your fund there. SO the benchmark is 6%, whatever investment lower than 6%, might well park it there.

why every couple of days have different person asking the same question???? the answer is still got 5% chinese allocation.

Najib has set a RM10 Bil target for PNB. For Bumi quota, it is allocated 50% of 10Bil which is rm5bil. The better fund ASW/ASD bumi quota still far from fully sold. Bumi will not try AS1M, since they have many options. Many Bumi not even maximised their ASB.

What will u think PNB will do to meet our PM's target?????

No need to search high and low, just use common sense and think BIG PICTURE.
FYI, PNB only open up ASM for non Bumi, not for the case of ASW2020, for ASW, still have around 0.6 billion units bumi allocation remains unsubcribed. ASD still have 1.5bil.

This post has been edited by cheahcw2003: Apr 14 2010, 10:08 AM

if the deposit amount is big, u can ask your parents to make a will, it will cost your parents a few hundreds only. It they are a public mutual gold members, will written is free.

thanks for the info....

The blog that u read are outdated. This was first imposed by PNB, but later they have weak response then they remove all this unfair t&c, AS1M is the same as ASM/ASW, fixed price, no sales charge. To verify this go to www.asnb.com.my PNB's official website. Personal blog's info cannot be fully trusted.

PNB, CIMB Unveils Online Funds Top Up Service At MSAM 2010


KUCHING, April 20 (Bernama) -- Permodalan Nasional Bhd and CIMB Bank on Tuesday unveiled CIMB Clicks Amanah Saham Nasional Bhd (ASNB) Funds Top Up Facility at the 11th Minggu Saham Amanah Malaysia (MSAM) here.The online facility allows all registered ASNB investors, who have a CIMB Clicks account to make additional investments in five fixed-price unit trust funds managed by ASNB. The five funds are Amanah Saham Bumiputera (ASB), Amanah Saham Malaysia (ASM), Amanah Saham Didik (ASD), Amanah Saham Wawasan 2020 (ASW2020) and Amanah Saham 1Malaysia (AS 1Malaysia).

"As the ASNB funds are very well received by the public, including many of CIMB customers. The bank feels that it can provide more value-added services to its customers by offering hassle-free online investment top up facility," PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said at the launch here.Deputy Prime Minister Tan Sri Muhyiddin Yasin officiated the launch, after the official opening of the 11th Minggu Saham Amanah Malaysia.

To enjoy the online service, ASNB investors just need to register with CIMB Clicks and have active ASB, ASM, ASD, ASW2020 and AS1M membership numbers. Hamad said third party top up is also accepted under this service, thus allowing family members or guardians to invest for their loved one. Minimum investment through CIMB Clicks is RM1 and the maximum is subject to the investors' purchase limit and funds available in the customer's accounts. He said a service fee of RM1 will be charged for every transaction regardless of the amount.

However, unit holders may only update their passbook at all ASNB offices, CIMB Bank, RHB Bank, Maybank and Pos Malaysia branches nationwide the next working day after the validation is done. All transactions performed on Saturday, Sunday and Public holiday will be processed on the next working day.The online facility also available at Maybank2u, he added.

-- BERNAMA

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Added on April 22, 2010, 1:37 pmNow no need to queue at the counter, can do the transaction online.

This post has been edited by cheahcw2003: Apr 22 2010, 01:37 PM

Good move. My friend withdraw all his money from ASW/ASM when KLSE at 800 points, dump all buying banking stocks. Now he sold all his stocks when the index reach 1300 points and park his profit + fund in AS1M/ASM, waiting for the next round of correction.....

not really, for non bumi, u can only registered for AS1M, as ASM/ASW already fully sold out for non bumi quota. if u registre ASM/ASW, it will show "application rejected" status.

for bumi, u can register all the fixed price fund including ASB/ASW/ASD/AS1M. you will only know the "status" on the following day. So u cannot see the available unit "live" online.

cimb will confirm to you whether the transaction is successful or not, u dont have to update it immediately.

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Added on April 28, 2010, 12:15 pm
Hmm.. newbie here, wanna check to register an account and purchase AS1M, I will only require to bring IC and $ to Maybank, right?
(YES)
I have few questions here, hope sifu here can help.
1) Is there any charges like sales charg, withdrawal charges or deduction by Maybank or asnb ?
(NO service charge,no withdrawal charge)
2) Is there any bond period like I am not allow to withdraw within how many months?
(You can withdraw anytime)
3) Is there any advice for newbie like me (actually all your questions are in PNB website which is www.asnb.com.my Read thoroughly and understand b4 you decide)

This post has been edited by cheahcw2003: Apr 28 2010, 12:15 PM

ASW and ASN are different products, ASW is fixed price and ASN is variable price, same like the equity fund in any private unit trust in the company, ASN performance is in accordance to the KLSE performance since as at todate, PNB has no exposure to foreign market yet to date.
ASW is a fixed price and the performance is ranging from 6-8% since it was launched. ASN for bumi only whereas ASW for 51% Bumi quota, and 49% for non bumi. The non bumi quota has been fully sold out.

Munchinks, if u r a non bumi you can try your luck any time if someone sold their ASW when u walked in to the bank, then u can buy. But chances is very slim. If u r a bumi, u can buy anytime, there are still 600 millions units available for bumi investors.

1) what do u meant by reduction? ASW has no sales commission, and it is tax exempted.
2) AS1M is a fixed price product like ASW, but the return could be different as they have different investment portfolio.

yes, subject to the availability.

i tot u already bank in gradually? didn't u?
in fact, chinese quota of rm3bil already sold 90% as at end of Feb, after 2 months (from Feb till Apr 30) took up another 10% considered slow already. I guess the quota will be open up to other races soon.

This post has been edited by cheahcw2003: Apr 30 2010, 06:36 PM

Last Year in March ASM that did not sell, open for all races what. i was able to buy RM20K, the max amount allowed per head

The below is what i got from the OLD NEWS from The Edge,
http://www.theedgemalaysia.com/business-ne...om-july-21.html

Unsold ASM units open to all Malaysians from July 21

Tags: Amanah Saham Malaysia | Hamad Kama Piah Che Othman | Permodalan Nasional Bhd

Written by Gan Yen Kuan
Wednesday, 15 July 2009 14:51

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will open the remaining 1.6 billion units of Amanah Saham Malaysia (ASM) for subscription to all Malaysians beginning July 21, after the expiry of quota-based offer period on July 20. These unsold units are part of the 3.33 billion additional ASM units announced on April 20. Of the 3.33 billion units, 50% was allocated for bumiputras, 30% for Chinese, 15% for Indians and the remaining 5% for other races.

"PNB had placed the quota for a period of three months in an effort to promote this fund to all races and to diversify investors' profile. We think this three-month period was sufficient to enable all to invest," PNB's president and group chief executive Tan Sri Hamad Kama Piah Che Othman said at a media briefing here on July 15.

"The quotas for Chinese and Indian had been fully taken up. But beginning July 21, those who want to invest more can do so," he added. To ensure fair distribution to the investing public, each investor will be allowed to buy maximum 20,000 ASM units from July 21 to 27. The investment limit will be void after July 27. The purchase of ASM units will be on a first come first serve basis.

ASM is an equity-income fund launched in 2000 with a fund size of two billion units, which were fully subscribed in 21 days. Since its introduction, ASM had offered six additional launches with total units of 7.63 billion. On the upcoming Amanah Saham 1Malaysia new fund announced by Prime Minister Datuk Seri Najib Razak on July 11, Hamad said it would be launched soon but details should be announced by Najib.