All right, my bad. The clear statement that AS1M was not capital guaranteed led me to believe the other funds were guaranteed since there were no such warnings when I bought them. Turns out the Security Commission's guaranteed fund guidelines was created after ASB, ASW & ASM were launched so right now there is nothing which indicates that those funds are capital guaranteed or not, most likely they are not.

Info from this site: http://nbh.novabankinghall.com/nbh/

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Added on August 12, 2009, 4:36 pmBy the way I had wanted to withdraw money from ASN3 and put into AS1M, buy the maybank staff said system for ASN3 rosak, last week they said cannot update ASN3 because system was closed for dividend payment, damn annoying.

This post has been edited by cic.lemur: Aug 12 2009, 04:36 PM

For all you anti-goverment bailout of GLCs, conspiracy theorists out there, according to this poster panasonic88, AS is buying up a lot of TM shares. See http://forum.lowyat.net/topic/1125244/+680

is it true for as1m the bumis got 9% per annum and non bumis only got 6% per annum as dividend?
im curious..just asking

no such thing, PNB cannot declare different dividen for the same fund to different group of people.

i guess what u mean is different dividen to different funds. FYI, A.S.Bumiputera (which is only open for bumi investors) pay average dividen rate of 9% per year since its inception. The 9% is inclusive of bonus, for eg, FYE 31 Dec 2008, it declared 7% dividen +1.75% bonus. This dividen is the highest among all the fixed price products of PNB.

AS1M/ASW/ASM open for all races, so the dividen will be the same to all unit holders, regarless of race, subject to fund performance.

If that's the case, then they should name it as AS2M. Don't think that's true, if there are 2 classes of share, it should be made known up front.

okay..thanks guys for clearing that up

How is buying shares on the open market a 'bailout'? The company doesn't get any of the money. Get your facts straight la before saying anything.

If you at least said they want to jack up the price so that a certain 'shareholder' can exit at a higher price, then it makes more sense.

Please note that not all ASB account holder will get the full bonus.


This is all part of the government's stimulus package.

Any news about the availability of AS1M unit? Right now we doesn't know the the dividend range before it was declared right, or any news about the dividend?

AS1M is going to invest in equities aka stock market. So their investment has not started yet nor how well stock market is performing in the coming future will be known, no answer for the dividend part.
Stop looking for dividend rate, never will be known until it is due.

Just like haven't sit the exam, how do you know the result.

sorry folks ... this sounds a stupid question .. but i juz wanna get some clarification ...

Is it the thumb-print a pre-requisite for opening an ASM/ASB/ASW a/c ? i understand that their counters use bio-recognition system..

But i have a rough thumb until their system cannot detect n verify my thumb print against my IC .. Havce tried in different branches also same ..

So for ppl whose finger skin spoilt a bit, is it really no hope to apply for above funds ?

Life_house, i guess not many bankers in this Thread, only investors that may not able to solve your problems.
For your question, u shd call PNB direct, or pay a visit to their nearest PNB branch. The response of the AS1M just so-so, only 16% of the fund was sold (rm1.6Bil against total fund size of rm10bil), they will try every effort to take in funds from any potential investors.

This post has been edited by cheahcw2003: Aug 13 2009, 01:53 PM

That is also because Bumiputera has many options besides AS1M.

PNB: Over 6 Bln Units Available For Purchase from Bernama.com 10 Jul 2009

"KUALA LUMPUR, July 10 (Bernama) -- Over six billion units from various funds under Permodalan Nasional Bhd (PNB)'s Amanah Saham are still available for purchase by Bumiputeras.
PNB president/group chief executive, Tan Sri Hamad Kama Piah Che Othman, said among the funds available for Bumiputera investors included Amanah Saham Wawasan (1.7 billion), Amanah Saham Didik (1.6 billion), Amanah Saham Nasional (921 million), Amanah Saham Nasional 2 (2.2 billion)"

These funds are 100% allocated for Bumi (except for ASW), the common sense will tell u that these funds will perform better than other funds that only have 51% bumi allocation. So this also explain why Bumi is not interested in ASM and also AS1M.

Are both your thumb print just as bad. If not maybe you can opt to have your right print instead of left.
But then again... when I got my AS1M... RHB bank did not check my thumb print against my MYcard... or did they? hmmmmmmm

I shouldn't be surprise about this.

I will be surprised if the 30% fully taken up in days

yeah /.... both my thumb print r bad ..

i went to 1 of d RHB branch b4 ... they follow d same procedure ... nd thumd print ... i went to PNB hq, d counter staff said can't help .. after a few tries ..

wat i only know is that, to apply for any funds under PNB, need to open an a/c 1st .... in which they need thumb print ...

So if RHB did check ur thumb print, then how did u apply ur AS1M ? mind to share ?

I did put down my thumb print when I apply AS1M... but the counter staff at the bank didn't check it against my MYcard. Maybe cos my print look okay. Well for your case maybe you can request to use your index finger instead??? check with PNB again lar. I'm sure there are other options.. if not.. "orang cacat" how?

the thumb print is better if you stamp on it, i am not sure wheather is must or not, as i seem all of the depositor is do so

wat it meant by 'stamp' on it ?>