is the return rate min 7%';

No one knows for sure yet

4% dunno got or not ~

Please remember this is not guarantee...it may fluctuate below RM1 but hopefuly gomen can jaga us...propective interest would be around 3.7 to 4% and may not more than 5%...
Invest wisely

i tot is capital gurantee ? bukan ?

i stayed in PJ,the ASM1, still available?
the minimum to buy is rm1k right?
is that mean after 1year will get 3.7-4% of rm1000???
thanks

I believe the minimum is RM100. The talk among the public is that it's around 4%.
Now, I'm not sure about the capital guarantee part, though. Hmmm... Makes me re-think of my decision to purchase some units earlier today...

i went to PNB Putrajaya Branch just now, not many customers, many customers are Malays, most of them carrying blue and purple books doing other transactions like ASN/ASB/ASD, not even one of them opening AS1M. Dont think the response is good

I will not invest in AS1M, just stick to ASW and ASM.

I think still available.I went to Post Office during lunch.Nobody buying also..

After 1 year u will get 3.7-4% out of RM1000

I thought this only applies to Maybank Islamic Account ? I believe for conventional savings account, one can cash out any amount he/she likes.


Blood sucking !!!! I was told that i can withdraw any amount i like at any HSBC Malaysia branch without incurring any extra charge But too bad HSBC is not a PNB agent.


It is a fixed price fund. According to a "finance guru", fixed price is actually better than capital guaranteed. To learn more please click the link below :
ASNB

Not definite, right? [deleted additonal comment due to explanation above]

This post has been edited by lowyatben: Aug 6 2009, 04:53 PM

for me ,AS1M is just a funny fund. in the website say it is equity fund type. but the return is just like bond type fund... and expected return is so low.

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Added on August 6, 2009, 4:54 pmalso the interest is lower than my housing loan interest... why shall i invest in it?

This post has been edited by truth_seeker_09: Aug 6 2009, 04:54 PM

Please check ur facts before you simply make misleading comments publicly. There are many uninformed people seeking advice here, so please exercise descretion unless you are really sure of your facts.

First u claim there could be 1% charges, when there clearly isnt any charges durring the promotional period. Charges may only appy after the Promotional Period.

Secondly, says who that after a year u will get 3.7%-4%? That is just a YIELD. An average 5 year yield benchmarked against the Malaysian Government Securities. Not the return on investment or the percentage in which it will declare ok?

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Added on August 6, 2009, 4:59 pmAs I said, ppl who dunno anything, pls dun mislead the public with WHAT YOU THINK. For the uninformed, pls check the facts. There are so many ppl posting here who don't check their facts before they post.

This post has been edited by jolene812: Aug 6 2009, 04:59 PM

Well, if you look closely, the benchmark return for all other PNB fixed price funds (ASW,ASM) is KLIBOR which is way below MGS rate that AS1M uses. So, what is the issue? The reason your banks, you sales advisers, your fund managers create rumours about 4% return, 1% sales charge is to discourage you from withdraw your money from their funds, FDs etc. It's as simple as that, outflow of RM10 billion will hurt them the most hence the origin of the rumour.

Remember, this is long term fund... like somebody said earlier, the objectives is to try smoother the return i.e. 6-7% in terms of dividend each year. Just take a look at last few years KLCI performance:

2007 : 31.8%
2008 : -39.3%
2009 : 34.0% (as at July 31, 2009)

Tell me whether its logic or not to get 6-7%. Whatever profit PNB makes in 2007 was saved for the rainy days (we get 6-7%), it happens that the particular rainy day was year 2008. Now, probably there's a small hint of sunshine in 2009.

This post has been edited by Psyker: Aug 6 2009, 05:06 PM

the rate is higher than bank~ so if have extra money u invest lo~

For me like Fixed Deposit only ~ heheh not investment~ + rate higher than FD now..

It's true that there are many people trying to mislead others with no solid proof... If they hate AS1M so much just stfu and not buy.....but dun be a kiasu person by asking others not to but buying it themselves

I'm smelling something fishy with AS1M, so I'll be staying away from it.

Points to note:
1) It's going to invest in equity (70%) but the benchmark return is KLIBOR (which is about the FD rate), and maybe just slightly higher. Being an equity fund, shouldn't it be benchmarked against the KLCI?

2) (Hear-say) I didn't read it first hand, but the prospectus/brochure available at some branches mentioned in its fine print that this is not capital protected, but a fixed priced fund. Well, basically its the same, but they're playing with words... I don't like how "smart" people twist with words.

3) Why is our government trying to take so much money from the citizens recently? Sukuk, ASM, ASW, and now AS1M, and they're even trying to get some from our EPF. Where are all this money being invested?

Well, just my 2 cents... It's your hard-earned money.

This post has been edited by hocklai8: Aug 6 2009, 05:21 PM

To fund BN's grand stimulus plan

I still don't get the difference between fixed priced and capital guaranteed. Say I put in RM1K. THe price per unit is always going to be RM1.00. So no matter what happens, I still get back at least RM1K, right?

WHat about capital guaranteed? I invest RM1K, so shouldn't I also get back at least RM1K at the end of the day?

guys,, how's the response today?..

sold out?.. hopefully, I can try to get to maybank tomorrow morning.. today too many meetings.. cannot run away.. haihhzz..