what is wrong with the size of the fund expanding? as the distributed dividend is automatically reinvest.

ASN declares income distribution for AS1M

KUALA LUMPUR: Amanah Saham Nasional Bhd, a unit of Permodalan Nasional Bhd (PNB), declared an income distribution of 6.60 sen per unit for Amanah Saham 1Malaysia (AS1M) for the financial year ending Sept 30, 2012. Chairman Tun Ahmad Sarji Abdul Hamid said on Thursday the third income distribution was an increase of 0.10 sen per unit compared with 6.50 sen per unit announced last year.

He said the income distribution will involve a total payment of RM459.86mil, an increase of 49.1%, compared with the previous year's total payment of RM308.40mil. "A total of 336,411 unitholders, who currently held 8.02 billion units of AS1M, will benefit from the payout," he said when announcing the income distribution. Ahmad Sarji said that as at Sept 25, AS1M has recorded a gross income of RM577.4mil.

He said profit from share sales contributed RM158.1mil or 27.4% while the remaining RM101mil or 17.5% is derived from investments in short-term instruments and other income. "Dividend income from investee companies contributed RM318.3mil or 55.1% of the gross income," he said. He said all income distribution will be automatically credited into unitholders' accounts on Oct 1.

Calculation of the AS1M income distribution will be based on the average monthly minimum balance held throughout the financial year of the fund, he added. AS1M is a fixed price fund with a size of 10 billion units with 50% of the approved size is open for Bumiputera investors, 30% is allocated to Chinese, 15% for Indians and the rest for other Malaysians. - Bernama

some1 already posted few pages ago.

RM1 will still be charged even the fund is not successful. The amount will be credited back to your account.

wrong thread.

interest will be add on and your money will grow more than 200K

no way, it will be taken up by others.

yes, there was once i get the bank 2 counters to do it.
1 counter withdraw from my sibling, i add in another counter concurrently.
ended up 80% amount gone, only able to take 20% what my sibiling withdrawn.

mind your words.

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Added on November 10, 2012, 3:19 pm

This is a serious accusation on PNB, AGAIN, mind your words

This post has been edited by cheahcw2003: Nov 10 2012, 03:26 PM

It is an accusation because indirectly u are implying that PNB is failing to manage/ allowing their staffs who have personal interest to carry their duties. If you are not happy u can write a complain letters to the management.

I do not owe u an explantion why my sibling need to use her money for emegency and i am trying to take up her quota, by sharing with other forumers that dont do it by assuming the quota could be totally transfered.

suddenly we have this "sister from Hamburg" poisoning this thread. We can just ignore her for the time being. Let's back to the topic: PNB funds

U r referring to the cash withdrawals, this is imposed so that the banks can manage their cash liquidity efficiently.
If u have an account with the agent bank and want to make big amount withdrawal, u can always transfer the balance from ASNB funds to your saving/current account and then issue out cheques/ bankers cheques.

yes as i mentioned.

ASW2020 new report is out at ASNB website.
Based on the investors who invested more than RM50K, it shows that 5% of the total investors in this fund own 70% of the total ASW2020 fund size.

Interesting Finding.

No. because the sales charge is 5%.
Other fund hse like CIMB Clicks and Fundsupermat's equity funds (aka variable price funds) are charging only 1.5% to 2%.

LCW is not bumi if he want to invest also need to see the availability of the fund.
ASW and ASM considered the funds that open for multiracials. So we can concluded that the gap between the poor and rich is huge.
ASW- 5% of investors own 70% of the fund size
ASM- 12.5% of investors own 60% of the find size.

Whereas ASD, a fund that only opened for Bumiputera,
ASD - 0.5% of investors own 80% of the fund size.
So the income / saving gaps in Bumiputera is the largest.

I remember last time u said your wife is Portugese thus u invest via her account right?

Not worth the risk.
If u want to leave the passbook to the unknown bank teller to top up ASW fund for u. Better do the following:
a) Get few staffs know abt it, the officer, even the branch manager knows, so that there is a check and balance.
b) Let the officer keeps the saving passbook and ASW passbook, so the teller need to collect from the officer every morning and return to the officer end of the day.
c) Do spot check like go to the branch once a week to tally the deposited amount to ASW vs the debitted amt from Saving accounts.
d) use online banking to trace the debited amount from saving accounts, in case any big withdrawals u can go on the next day to check your ASW passbook.

One need to balance the risk and benefit of doing this take your own risk. Do it at your own risk torelance

I have a family's friend, a retired professor, able to deposit RM1mil in 9 months time into his ASW/ASM for this arrangment.
he is considered lucky for his persistence.

In fact i do not encourange the under table and bribery thingy.

The story that i shared does not involve this unethical thing. What i know is that the retired professor has good relationship with the Branch Manager, and he introduces a lot of mortgage loans and credit card biz to the Manager, thus the Manager return him a favor by helping him in ASNB funds, it is like a Top Down instruction to the tellers to help.

But he as investors do give Mandarin Oranges and kuih-muih to ALL the bank staffs during the festival seasons as appreciation. Win win.

From the AS1M 2012 report.
0.4% of the investors owns 32% of the fund size.
or 10% of the investors own 76% of the fund size.

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Added on December 5, 2012, 1:06 amAS1M Annual Report

AS1M Annual Report

This post has been edited by cheahcw2003: Dec 5 2012, 01:06 AM