Indeed not as good as other fixed price funds managed by ASNB but still a bit better than regular FD.

Yes. You may do so. Do note that there is a non-refundable service charge for each transaction regardless it is successful or otherwise.

Until the government increase the fund size for ASW2020, ASM or AS1M, i guess FD in commercial bank is your only choice for the time being.

Yes. Business will resume on the next day for ASM (1 Apr 2011).

Yes


No one knows for sure. Just read the newspaper or watch the news everyday.

Please tell us if you're a Malay, Chinese, Indian etc. first

Man ... i hope they will increase the fund size for ASW2020 soon. The last time they did so was in late 2008.

I am eager to see how it's gonna fare this year. The first dividend declared (6.38%) was highly misleading but still better than FD nonetheless. Might just go for this if i have no other choice. Just temporarily anyway until they increase the ASW2020 fund size again (praying hard ).

@AS1M holders,
Have any of you tried to sell your AS1M before ? Did they charge you anything ?

It's gonna be a time consuming task. Pretty much the reason why i'm reluctant to try

ASB. No doubt !

There are some Bumi who will ask this kind of question every now and then. It's mainly because they have the options to invest in all ASNB funds and also because some of them have maxed out their ASB quota.

This post has been edited by MilesAndMore: May 29 2011, 08:22 AM

He was just pulling your leg.

Yeah. And there is a service charge for this service. I can't remember if it's RM0.50 or RM2 already.

By the way, any of you have experience in naming a successor for ASB account ? Be it yours or other people you know ? What are the procedures like ? What do we need to bring besides our IC and the ASB passbook ? And is it possible to name a second name for a particular ASB account ? So that he or she can withdraw money from the ASB account without the presence of the actual ASB account holder ?

ASNB office
Post Office
Maybank
CIMB Bank
RHB Bank

1/8 ??? OMG

As expected. Just the same as ASD. Anyway, i'm happy

I'm with cheahcw2003. I don't think the return of AS1M is going to be higher than ASD or ASW2020. Both ASD and ASW2020 declared 6.50% this year.

I went to ASNB office to open the AS1M account today. No more troublesome procedure to get a confirmation from the Jabatan Hal Ehwal Negeri like last time. Any Sino/Native with a Chinese surname can proceed to open the Bumiputra portion of ASD/ASW2020/AS1M and ASB by giving them the MyKad.

And by the way, i was told by the very friendly counter staff that our quota for ASB (supposedly to be just RM200k) will increase every year as they credit the dividend into the account. The increased quota will stay and will keep increasing every year even after we take out all the dividend earned. Yes, it means that we can deposit using fresh cash.

We did discuss about this briefly like 2 years ago and if my memory serves me correctly, most of us thought that once we have more than RM200k inside ASB and withdraw all the dividend earned from the previous year out and leave exactly RM200k inside the account, we won't be able to deposit any fresh cash into the account which is not true. Certainly a wonderful news to me

I did not read the report but yeah, i've got it a few months ago along with the statement

Speaking about ASNB increasing the fund size for ASD, ASW2020 & ASM, i believe this will not happen until the AS1M is all fully subscribed. Just my RM0.02

Agreed