Nope, I am not worried about tax. I've never said I am. Tell you the truth, "worry" is the last thing I have in mind with this AS1M fund. If you care to read what I have wrote in response to besiegetank on Feb 26 2010 at9:46pm message above, I have said I have "...emptied all my F.D.'s into this AS1m.." That alone speaks for itself.

So... I am just trying to put it on record that as at this point in time not all the PNB Funds ARE EXEMPTED from tax as you have put it to us. At least Not AS1M. In future, yes may be it's going to be included with the others as Tax Exempted.

I haven't been following AS1M recently. Just wanna know whether there are any charges for any transaction at the moment (i.e. buying or selling).

Since AS1M for non-bumi is still availabe, was thinking of whether to buy some more of AS1M a few months before the interest is declared and wait and see how much the interest is. If interest damn good, will keep the money there. If no good, take out for other investments.....

Be careful not to wait too long or else you have to wait forever. As of 24/2/2010 from the horse's mouth PNB President moentioned some 89% of the non-bumi/chinese' portion has already been sold. So more or less 10% left. Since it's a fixed price unit, I would first take up now and wait after the dividend declared to sort out the mess later. I think it cannot be less than the banker's FD rate. may be not as good a return as buying stocks. But mind you our KLSE is now almost if not already peaked this time round, we may be on the other side of the hill on a one-slippery-road-downhill. who knows!

About this charges thing. as of last week, I have bought inot some more units and there was no handling charges yet.

sorry my oppology, dont think too much, there is no reason for PNB to exchude this from tax exemption, or else they will not achieve even 50% sales target.

Cool. Hope they don't implement the handling charges ever!!!

My bullets will only come end of this month..... hope the 10 billion 3 billion will still be available.....

This post has been edited by kmarc: Mar 2 2010, 11:10 AM

ASM FYE is at 31 March. So PNB is going to annouce its yearly dividend a week b4 the month end, anyone want to have a wild guess on the return of ASM??? PNB's fund somehow correlated to the return of EPF. Last year EPF get 4.5%, this year advanced to 5.65%, so can we expect the same increment on ASM's dividen?????

ASNB umum tambahan 300 juta unit baru ASD[SIZE=7]

KUALA LUMPUR 8 Mac – Amanah Saham Nasional Bhd. (ASNB) hari ini mengumumkan tambahan 300 juta unit baru bagi Amanah Saham Didik (ASD).

Presiden dan Ketua Eksekutif Kumpulan Permodalan Nasional Bhd., Tan Sri Hamad Kama Piah Che Othman berkata, tambahan unit-unit baru itu bagi membolehkan lebih ramai melabur dalam dana ini.

ASD hanya ditawarkan kepada pelabur Bumiputera berusia seawal enam bulan. – Utusan

This post has been edited by qpalzm87: Mar 8 2010, 04:16 PM

What ? Even before the increase, it was far from being fully subscribed

PNB Offers 300 Million Amanah Saham Didik Units

KUALA LUMPUR, March 8 (Bernama) -- The size of the Amanah Saham Didik (ASD) has swelled to 3.8 billion units following the announcement by Amanah Saham Nasional Bhd, a subsidiary of Permodalan Nasional Bhd (PNB) that it is offering an additional 300 million units.

The offer of new units was the 11th since ASD was launched in 2001, with the initial 300 million units, said PNB, Malaysia's biggest fund manager, in a statement Monday.

As of Jan 31, 2010, 3.36 billion units were subscribed by 271,226 unitholders, said PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman in a statement.

Of the total, 89.92 per cent unitholders were aged 18 years' old, who invested in the scheme for education financing, he added.

ASD is an equity fund offered to Bumiputeras from as young as six-month-old at RM1 per unit. There is no limit to maximum units subscribed but subject to units available.

-- BERNAMA

I also do not understand why PNB increase the 300mil unit, the approved fund size is already RM4.5mil as at last financial year, the up-to-date subscribed unit was only rm3.36bil, more than rm1bil still remain unsubscribe.....

Maybe its a ponzi Scheme where new money will be paid as a dividen to ASM. just my 23 cents

When u see how aggressively the government pushing these PNB investments it makes me feel a bit wary. Many nations in Europe are already in bad shape economically.. usually governments will issue more and more bonds when they have liquidity problems. Last years Credit crunch is just the tip of the iceberg.. Governments are forced to bail out banks last year.. but who will bail governments if budget deficit are ballooning?

If not mistaken.... ASM will soon to announce its return rate ?

am i right ?

Correct !

I am hoping at least 5%......and would be happy if more than EPF recent declaration ....

EPF with it's portfolio of about 27% in equity and the rest (over 70%) in Bonds, Govt Securities, money market instruments etc if can give a return of 5.65% from last year's bull market, PNB's ASM being an equity fund cannot be preforming worst than the 5.65% mark. It would be most embarassing if it cannot perform better than the EPF's 5.65%..

If ASM's dividend is anything less than 6.50%, then it's time to consider sending all the money out of this country. No point putting in PNB anymore.

ASM was declaring 6.25% while EPF is declaring 4.5%, this year EPF dividend is 5.65% so ASM shd do better

Yes, good reasoning there. Thank you.

When will AS1M declare the dividend?

31 march

---

Added on March 14, 2010, 10:33 amPNB has been encouraging their investors to withdraw the money from EPF to invest in ASW, ASD, ASN3, and ASG series. If PNB declares lesser dividend that ppl expecting, than this campaign will not success....

This post has been edited by cheahcw2003: Mar 14 2010, 10:33 AM