You must give an exact date and amount to calculate, say u bank in RM10K on 21 Dec, and withdraw on 15 April 2010. Then your dividend will be calculated based on the the lowest balance, say u do not touch the RM10K from dec to april, then your dividend will be calculated from 1st Jan 2010 to 31 March 2010, payable by the financial year end of the fund, i.e. 30 Sept 2010.

To enjoy the full dividend on monthly rest products, you need to keep the money for the full month, meaning from 1st day of the month till the last day of the month, so for the above scenerio, dec 09, and apr 10 dividend will not be calculated as u did not keep the for the full month.

if AS1M declare 6% for instant, your dividend earn on 30 Sept will be

(3 months/12 months) x 6% x 10,000 = RM150

This post has been edited by lonelyplanet92: Dec 21 2009, 09:17 AM

thks for enlightening, lonelyplanet92.

Just wondering how secure is this fund as i'm about to park quite large sum of money (to me) before i move them to other investment months or years later, appreciate for any input.

For me, PNB's product is safe as long as BN is in power.

So, let us do not vote for the Pakatan Rakyat on the next election,
to maintain the 'safetinest' of the PNB funds..

This post has been edited by adymfi: Dec 21 2009, 11:45 PM

cheahcw2003,

So, BN has the MAGICAL POWER to replace all the OIL MONEY that will be gone soon??

Dreamer

maybe from what he meant was BN has large influence on PNB funds, which is if they were no longer in control, everything will started to fall apart, that is just my own speculation.

If you had 10,00 on 1 Jan 2009 and you deposit another 6,000 on 15 Jun 2009 and another 4,000 on 10 Dec 2009
you will get Full year dividend for the 10,000 @ 7.5% = 750
and get Jul to Dec or 6 month dividend for your 6,000 @ 7.5% for 6/12 year= 225
you will not get any dividend for your 4,000 as the month is not complete
the basis of calculation of the Bonus for the 1.05% change yearly. I think if you had not kept the investment for more than 5 years you will get less than the 1.05.
I don't think you will get anything for the 6000 and 4000 above.
Depending when you had deposited your 10,000 you may get a varying percentage.
I hope it help


0op...
ASB declared 7.30% dividend and 1.25% bonus for 2009.

This post has been edited by MESTA: Dec 22 2009, 11:55 AM

[quote=cheahcw2003,Dec 21 2009, 08:58 PM]
For me, PNB's product is safe as long as BN is in power.


PNB and BN are direct & indirect link together, particular UMNO which PNB is incorporated for increase the Bumiputera equity ownership. So in conclusion BN(UMNO) = PNB. You can see the board of directors PNB. One person, don't know the proper name is Permanent Head of Umno Disciplinary Board, Director of PNB and also Vice-Chancellor of one Bumiputera owned University in Shah Alam. Not so sure about it, but the name keep popping up in few places. So the political link is everywhere.
Anyway, if PNB keep paying avarage 6 - 9% dividend every year, I will be happy. Don't care where they get the money, haram or halal investment. Just pay my dividend it's ok. If pays lower than 5.5% then drastic action will be taken like invest in other places. Will also ask all my family members, relative and close friends to take out money.

The others have explained for me, BN has big influence on PNB (or PNB is controlled by BN), so when parents in toruble the child will not be escaped.

when AS1M was launched, the message sending to the public was the fund will be used to stimulate the economy, but then the recent annoucement of building a 100+ storey skyscraper funded by PNB make me sick. There are many internal issues that need the government to iron up, like sharp falling of FDI, to control the CPI, rural poverty problems, corruption and etc., we are not in hurry to build the skycraper using AS1M fund.

I will not vote one party for the sake of it controlled PNB. Probably will withdraw the $ weeks b4 the GE.

cheahcw2003,

<<The others have explained for me, BN has big influence on PNB (or PNB is controlled by BN), so when parents in toruble the child will not be escaped.>>

So, basically, you do not believe the parent is in trouble.

<<Probably will withdraw the $ weeks b4 the GE.>>

And, you have TIME until the next GE.

You better guess it right...

Dreamer

or put it in another perspective, lets say it is an investment if the project is a huge success, most probably we will still get 8% dividend while the others in PNB reap the huge $$. if failed, then most probably they will launch another PNB fund... still remember the story behind KLCC Twin tower?

My own bet. Shd be safe till next GE. I invest not because i like BN, i invest merely because it gives me stable return (higher than FD) for the last 10 years, and liquidity (just withdraw when i need money). i always treat it as a saving account that can temporary park my money while i have better opportunity with better return then i will withdraw partially.

Where can we find more details to the above ann't please ? Thank you.

PNB Looking At Possibility Of Building 100-storey Skyscraper

KUALA LUMPUR, Dec 14 (Bernama) -- Permodalan Nasional Bhd (PNB) is looking at the possibility of developing a 100-storey building near Stadium Merdeka and Stadium Negara here if the project is viable, said group chief executive and president Tan Sri Hamad Kama Piah Che Othman. Speaking after the announcement of dividend and bonus for Amanah Saham Bumiputera (ASB) Monday, he said the board of directors of PNB will study all possibilities before making any decision.

"We have to go through the board of directors first. God willing, we will make an announcement accordingly," he said when asked to comment on news reports that PNB is planning to build a skyscraper in the area.

The report, quoting sources, said construction work on the building was expected to commence in the first quarter of next year. It said the proposal the building had been also submitted to the Ministry of Finance and that it was being studied in detail. This building could rival the highest structure in the country - the 88-storey Petronas Twin Towers, completed in 1997 at a cost of US$1.2 billion (RM4.05 billion).

PNB is planning to develop the 72-hectare area surrounding the country's oldest stadiums into a mixed-development project. "The plan to develop the place is ongoing...but, I'm not saying that I confirm whatever figures quoted by the media. What we want to do is to rationalise whatever properties we have, our investments to make sure that we got merit," Hamad Kama Piah said. At end of 2008, PNB was estimated to have some RM120 billion of assets under its management, including its proprietary funds.

-- BERNAMA

I hope this is not true..since when fund manager start to build building? 100-storey building somemore..Haha. Don't think those construction company under PNB stable have the expertise to do it. Do KL really lack of office space? They stick to fund management and not going into something they have no expertise and build a 100-storey.

hi ppl !
sorry i m a newbie have noob questions here .
I see these unit trust offered by ASNB , they have like 5-7% return per year , which is more than the FD offered by banks .
Why dun ppl just put thier money in ASNB instead of banks ? just wondering.
And how do u invest in these ? go office and deposit ur money ?

thanks for the info !

everyone have their own preference. FD is fixed rate and guaranteed by PIDM, whereas ASNB's products are equity based and has no fixed return plus "not guaranteed" by PIDM or government. Some forumers here do not invest in ASNB products because they do not trust PNB or not confident with the government, how the money being managed and run.

As for how to invest pls check the ASNB website.

oh i see ,thanks for the info . I checked their website , it stated that ppl just need to go to the office , register and deposit the money thats all . I should give them a call then .

December 23, 2009 15:36 PM

PNB May Extend Deadline For Subscribing AS1M Units

KUALA LUMPUR, Dec 23 (Bernama) -- Permodalan Nasional Bhd (PNB) may extend the period for subscribing the Amanah Saham 1Malaysia (AS1M) share trust units which has a December 31 deadline. PNB Group Chief Executive and President, Tan Sri Hamad Kama Piah Che Othman, said the extension might be given as the allocated quota of units given according to the communities have not been taken up.

So far, 82 per cent of the quota given to the Chinese community has been subscribed, while another 20 per cent quota for Indian investors have been bought, and the units for Bumiputera meanwhile are largely still left. Hamad Kama Piah said this when asked to comment on the latest development in the subscription of AS1M units, here Wednesday.

AS1M, a fixed price fund with a size of RM10 billion units, was launched on July 31 this year by Prime Minister Datuk Seri Najib Tun Razak. It was opened to all Malaysians with an allocation of 50 per cent for Bumiputera, 30 per cent for the Chinese community, 15 per cent for the Indian community and five per cent for others.

Todate, a total of 2.96 billion units of the AS1M have been subscribed by 235,032 investors.
On the proposed multi-development project around the Stadium Negara and Stadium Merdeka, Hamad Kama Piah said the group was in the final stages of making a decision on the project.

-- BERNAMA

Comments: seems that PNB is very likely to build the 100 storey skysraper. AS1M dealine extended, in order to collect more fund to build the 100 storey skycrapper?????

anyone knows when can you withdraw money from your ASB again?
I need to collect hutang from my friends but the keep saying that can't withdraw money from ASB yet. Is that true? I wander why.