It's still a good and safe plan for those with low risk aversion.

Much better than FD, and all the cut-throat unit trust funds out there.

Mr Amaltea's product is 7.5% for 990 days. Which means if you deposit RM1000 , you will get RM1075 after 990 days. That's 2 years 9 months.

AS1M, assuming you can get 6.38% this year, and the next year (2 years of 6.38%) , your return of RM1000 will become RM1063.8 for first year, and RM1063.80 x 6.38% for the second year = RM 1131.6.  It's compounded interest of 13 % in 2 years instead of his product only 7.5 %.

Don't get cheated by those numbers.

Unit trust companies like to play with 3 years (*) average return of 15%, 20% etc, but if you take into account their annual service fee, their trading fee... it's much lesser than that.

Take ASW2020 for example, their return has been consistently above 6%. Take 6% and compound it for 3 years, you get 19% return with NO annual service fee, no selling fee whatsoever. Any unit trust fund can beat it? hardly

guys, just a noob question.

How long after the declaration of dividend of AS1M before we can go update our passbooks?

i am happy but i was hopping it would be closer to the magic 7 number.... but it is better than fd..

Actually if know some bankers very well, u can put in asm anytime. But maybe need duit kopi lah

And why is it my ASM balance is zero after 7 years i didnt update my book. I check at the counter my balance cause i lost the book. I dont remember how much i put in.

the 7 years rules only apply on the bank deposit s account, ASNB is a mutual fund company, so not apply.
th ASM account cannot be zero, as the rule is u need to keep a certain small amount say RM10 (not sure abt this pls clarify) to keep the account alive.

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

put asb better if you are malay since higher interest.

Better chance if someone withdraw the dividend tomorrow

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 ?

Just went to update my AS1M passbook , no chance for a topup, the counter staff just said ''no more units'', didnt even at least check.

Went to update my book & top up little bit money in as1m.... 30min waiting all is done... no problem. also got extra bit dividend... i don't know, maybe they calculate 13 months period because i put on 5th august 2009... some my friends also got extra bit.. they must get RM63.80 for 1k, but they got RM64.05 for 1k.... confuse bit.. anyway i'm happy....

TO all who misssed investing in as1m, too bad for you.... who ask u to listen to rumours that as1m gives 3 - 4% only.... see yourself as1m 6.38% not 4%....heheheheeh

wow, you're very lucky......

i guess banks (as agents) dont really care about money going into these pnb funds.....i'm sure if i tell them i want to deposit money with the bank, they'll be more than glad to help 

yea me too.

Not sure. You can find out your ASB account status at any agent banks, post office of PNB office.
Please refer to the post below :

Heard that some of the people already go to withdraw

Yay! Managed to top up my AS1M. Not much though, only RM 1,000.

When the lady at the counter checked, there were no units available. After updating my passbook, suddenly 1,000 available. She quickly bought for me. 

poor chinese.....Indian.....

Did they specify the NAV of the fund ? More than or less than RM1?

ASB and ASW/ASM/AS1M are similar type of funds but ASB has consistently given better returns, wonder what is the reason?

don't think anybody knows