yes...you can do loan asb up to 400k PROVIDED that your current limit already achieved 400k.How to check your current limit?u can go to asnb, maybank,rhb, or cimb to check....

if your limit is 400k, then you can apply to any bank which offer asb loan...after approved, you have to take out the 400k(u can enjoy this money...haha) for bank to buy the 400k asb certificate...

as for me, i would prefer to put 50k max each into my kids asb account before i explore other investment asset class..if my limit is 400k...but unfortunately, still long way to go to unlock the 400k unit...

no problem...mine already 290k...still a long way to go to do asb loan at 400k

as1m bumi quota still available.

Can use EPF to invest also if you want 

this has nothing to do with whether u start investing around 80s. The limit of ASB has always been 200K, the limit for an individual can only increase through the years by reinvesting the dividends,after u have reached 200K, u are no longer allowed to put in fresh funds ,but PNB allow the dividend to be re-invested and accumulate throughout the years & automatically increasing your ASB limit.

As per current interest rate,you would need to have 200K invested in ASB around 9 years back to achieve 400K limit. Hope that clarifies everything.

Foolc,

Whether Indian or Chinese, they still be able to buy units if any existing unit holders sell off their unit for such redemption, AS1M fund is a newest fund and compare with other funds, this fund have better chance to top up extra units, but for opening such account, it is not easy.

Depend on luck for non-bumi quota.

sometimes you get all amount, partial amount or none at all 

u chinese?

no wonder la
melayu semua boleh dapat



i tried chinese quota but cimb dont even layan.. dont want even check

not at the moment
maybe after 50,  might consider getting a young malay wife

dividend for asn was calculated based on your unit upon dividend declaration...even you put 1 day, you will get the full dividend....for fixed price, its different...if you want the full dividend, you have to invest for 1 whole year

for fixed price PNB fund, dividen is calculated based on the minimum balance of the month...

eg 1
jan...no investment
feb 1 invest 1k...
maintain the balance until 31dec...

thus, dividen for asb=1k*dividen rate*11/12

however, let say you put 1k at 1st day of the month and you withdraw all at 31st day of the month, you will not entitle the dividend for the month as your minimum balance is rm0

i'm not taikor lor...haha
wait, if you invest now, the next dividend will be declared only in Dec 2013... which only once a year...

is it declared twice?

normally i invest during nov for asn...coz no point invest now coz not entitled for dividend...and of course, the NAV will determine my buy/sales...if the priceis 0.70cents today, i would love to invest now...hahaha...

Hi Sifus,

May I know if we should declare ASW and ASM in income tax?? Is it taxable?

You have read it wrongly, i believe, ASN is express in units, not RM. 1 unit in ASN is not the same with RM1, the prices change, so you have to check the price before and after the dividend to get the correct RM worth.

Fookeesan,
At the moment, all fund under Pemodalan Nasional Berhad (PNB) is not taxable nor it will be taxed, it is exempted from taxes.