personally tried to apply fixed ASM funds account several times, end up fully subscribed for Chinese holders.

Need to wait until unit-holders sell their units, registrations for Chinese holders closed until units available.

Only non-fixed ASB funds is available

Always no units for fixed funds ASM, can't even register.

Top Up still need to depend on lucks whether units is available.

This is my 5th times to apply ASM fixed units, Here's my story today


I went to CIMB bank, and went to the counter to get ticket to try my luck on apply a registration for Amanah Saham 1Malaysia since the agents in ASNB building told me that i could try my luck after declaration for dividend, as he mentioned, the chance to open account will be high after declaration since there will be withdrawal during that announcement declared.




The CIMB banker told me to go RHB Bank since their bank is full of clients whose waiting their number, it was approximately 2 hour as the banker stated if I want to wait.

Then, I head to Opposite street for RHB bank, ended up, banker say no units available after waiting a period of time.


But RHB banker not even checked their list whether it available and directly told me there was no units. How come that banker know no units if he didn't checked, almost 5 times walk in, only once they checked for me. all they will just say, no units.Some more different branch each times! OMG!

They didn't asked anything then directly say no units, No commission earned so frustrated to check for customer, huh? the most angry part, they never check anything then just directly say, no units. How they will know some withdrawal their ASB account to sell their units and it available?

This post has been edited by adolph: Oct 1 2012, 07:04 PM

Yeah, right

Just hopefully be able to open account

Between Malayan Banking, RHB, PNB and CIMB.

Only CIMB really take into my consideration, and tried to open my account for me by key in all my information into their system. but unfortunately, fully subscribed. I'm proud with their services of excellent. At least they tried everything

Other banks, only say, no funds. without checking their system.

This post has been edited by adolph: Oct 10 2012, 11:36 AM

If government open for Chinese, it should be sold 10 billion units not more than 2 week at least. Since in the past, other Amanah Saham which offer 0 % sales charge and fix fund units can sold out almost 500 million units in less than 24 hours after announced for Chinese quota.

I will buy 20,000 units directly if it happens!

This post has been edited by adolph: Oct 12 2012, 11:15 AM

When did you open your ASNB account?

Several year ago?
Kinda envy you, at least you've the account and already began, I can't even opened account even there's units that can top up.

Most agents from bankers and Pos office told me to tried my luck after yearly dividend announced, but the chance are extremely low. They told me 2nd option, try it in the early of new year, as chance of fund size will be add

This post has been edited by adolph: Oct 12 2012, 04:57 PM

Yes, fixed deposit is relatively safe, but return is as low as 3.25% PA. however, from time to time, some banks offer high interest fixed deposit for a limited time as high as 5% PA. But do mind, there's annual inflation rate for currency. The rate of decrease in the purchasing power of money.

Fixed deposit is covered and eligible for protection of depositors by PIDM (Perbadanan Insurans Deposit Malaysia).

For more info, please refer to this topic.

http://forum.lowyat.net/topic/2451962

if found out that you don't understand very clearly, just use these simple calculator to help you.

http://allbankingsolutions.com/fdcal.htm


http://www.calculator.net/interest-calculator.html


please note that, usually financial constitution have the right to change the content of returns or anything prior to your notice in the future.

Hope the answer will solve your question

This post has been edited by adolph: Oct 13 2012, 02:47 PM

Which mean as low as RM1 = 1 unit per transaction

For more info.

http://www.cimbclicks.com.my/faq_asnb.htm#1

http://www.cimbclicks.com.my/asnb.htm

This post has been edited by adolph: Oct 13 2012, 10:05 PM

Amanah Saham Gemilang is open to all Malaysian.

But there will be 5% sales charge per units, and 3% sales charge for EPF.

The price per unit NAV is fluctuated, up and down. Which mean you will probably gain more or loss due to the fluctuation.
Unlike other fix funds. In the moment, all fix funds has been fully subscribed, only Bumiputra left.

This fund size has 1 billion, never fully subscribed. You can visit any ASNB, CIMB, Maybank or Pos Office if you're interested.

Minimum is 100 units to open.

This post has been edited by adolph: Oct 15 2012, 06:08 PM

Hi,

Just check previous comment. You got $30,000 in cash at the age of 22 ? I'm also almost 22 year old soon, but still not $30,000 cash in hand. Probably sell my assets and could be able to catch up, but still 5 digits

the fixed funds is fully subscribed for non-bumi. If you really can afford to risk losses. You can try Amanah Saham Nasional 3 Imbang or Amanah Saham Gemilang. Both funds has 1 billion size units. The better return is Amanah Saham Gemilang, return this year around 7.00 per units. But bear in mind, its price change and sales charge will be imposed for these funds.

http://www.asnb.com.my/english/asn3.htm
http://www.asnb.com.my/english/asg.htm


Since these funds has the compounded returns, should go long terms to enjoy the compounding interests.
It probably because Amanah Saham always fully subscribed and having a hard time to top up, not even mentioned pump in a large amounts of cash. RM300 top up also hard for non-bumiputra. For Fixed deposit, these fixed deposit was eligible for protection by Perbadanan Insurans Deposit Malaysia (PIDM) and relatively safe and secured.

http://www.pidm.gov.my/About-Deposit-Insurance/Coverage.aspx


You could try Bank Rakyat and buy some of their share too. But heard it was full too, and opened for Bumi only, will check about it.
RM1 per share, for the past 10 years. Bank Rakyat offer return as high as 15% to 20% cash dividend payout.

http://www.bankrakyat.com.my/web/guest/member

Cheers

This post has been edited by adolph: Oct 15 2012, 07:30 PM

Exactly,
Assuming, Last year ASG 6.8% dividend payout. $1 / 1 Unit, if you buy $1,200 = 1,200 units

1200 * 5% = 60, So in the end you received $1,140 principle.

1,140 + 6.8% =1,217.52. On the 1st year once dividend declared, you have $1217.52.

And other charge, The direct charges incurred by you when buying units are the initial service charge or sales charge.
Yes. but that not the only part, the fund units, Net Asset Value (NAV) is fluctuated and will be varied each days.

This post has been edited by adolph: Oct 15 2012, 11:21 PM

I didn't say ASG is a fixed price unit funds. For fixed fund price, the units are transacted at a fixed price of RM1.00 a unit. As such, it is not necessary to value the units on each Business Day as stated in prospectus.


It just assuming, the ASG NAV today is RM1 per 1 units, . Other related question, you can ask Tan Sri Dato' Sri Hamad Kama Piah Bin Che Othman or direct to their ASNB HQ.

Some like it, some dislike it. usual

This post has been edited by adolph: Oct 16 2012, 12:08 PM

No, I don't. Just sharing knowledge

Interest earned by an individual from fixed deposit accounts is exempted from tax,

Such as,
i) Period exceeding twelve months or more – any amount of interest.
ii) Period not exceeding twelve months – interest on fixed deposit account of up to a maximum of RM100,000.

More info,

http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=3

http://miart.aseanaccountants.org/new/down...et/2011/B15.pdf


http://www.malaysianpropertypartners.com/i...&do_pdf=1&id=20



This post has been edited by adolph: Oct 16 2012, 12:39 PM

Like usual, please read this topic on the previously.
Amanah Saham Bumiputera (ASB) which known as the best fund returns.
Not Bumiputeras only can apply.However, other minority group will be entitled as well. Such as mix native Sabah, mix native Sarawak, name that are doubted or muslim Malaysian citizen but non-bumiputra. Mix sabah or sarawak included Chinese local that marriage with other local races.
So, if you're muslim. then, you're eligible.

More info,
http://www.asnb.com.my/english/eligibility.htm

ASNB fund is more safety compare with the stock market.
If you could generate $2,500 on your stock market and manage to get 25% return in a short period of time, knowing very well what you're doing and how good the company could earn in the future. Then, probably stock will be your best choices.

As usual, ASNB fixed funds for non-bumi had been fully subscribed. Only normal mutual funds is available, 5% sales charge and fluctuated units price will be imposed.

This post has been edited by adolph: Oct 21 2012, 01:24 PM

5% return ? It's 5% sales charge for normal mutual funds .

Fixed fund return with no charge around 6.35 per unit or higher depend yearly dividend distribution for non-bumi fund. And relatively safe with no sales charge, no fluctuate NAV.

By looking on your nickname, you should be 21 year old. Correct me if i'm wrong.

If you can afford the losses then should be okey, if that is your last golden eggs. Then let it received the power of compounding.

If you really can start from nothing once you loss it. Then, that will be your choices. Happy investing

This post has been edited by adolph: Oct 21 2012, 06:36 PM