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.....

Principal would remain the same but you will definitely see more in your account as they credit the dividend + bonus into your account every year.

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.

Should be no less than 7% for the dividend. As for bonus, perhaps around 1% or more ... Am still praying for more though