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AS1M/ASM/ASW2020/ASN/ASB and other PNB funds V3, lending your money to the government
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eleven dragon
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Feb 15 2013, 08:46 PM
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Getting Started

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Sorry for noob Q, I always heard ppl said, it's good to max up ur ASM investment, thing is how to max it up, if there isnt even slot to buy? hmm... I know max is 200k, but all these while, it's always full, how to reach 200k then?
Thanks for enlightment...
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eleven dragon
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Feb 15 2013, 09:15 PM
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Getting Started

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QUOTE(adolph @ Feb 15 2013, 09:04 PM) Eleven Dragon, ASM is Amanah Saham Malaysia, this fund have no limit per person to buy units, subject to fund size, as long the fund size still able to capture the amounts, the size fund is depend by percentage of races. Majority holder will be given to Bumiputera 50%, 30% for Chinese and etc. units will be available if any current unit-holders sell off their units in exchange for ringgit. At the moment, it is always fully subscribed if you're saying about Chinese quota. ASB is the fund which capped at 200,000 units, with unlimited fund size. It is good because it a capped price at the rate of 1 units per ringgit without fluctuation. For low risk taker, it is always a good investment while for smart investors, it is not a good investment since they can get a better rate of returns. Ic, thanks for d explanation Hmm, under ASB, there are few schemes, that's mean each scheme has capped of 200k unit each for single individual? ya, agreed with the sentence...smart investors know ways to get better rate of returns, but not me.. --> still in learning process, just waking up from huge mistakes I did last time when i just started to work
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eleven dragon
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Feb 16 2013, 09:33 PM
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Getting Started

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QUOTE(adolph @ Feb 15 2013, 09:39 PM) Eleven dragon, Only ASB (Amanah Saham Bumiputera) is capped at 200,000 per adult unit holders, other relative fund have no limit, which mean you can buy all units as long there's available unit fund depend race quota.There's only a capped normally during initial offer period such as new fund or another fund increment but subject to the limit from time to time. After initial offer, normally they offer in whole lump sums where you can whatever left unit until the fund is fully subscribed within race quota. Let me give you an example, please download annual report as shown below and go for page 2, unit holder section (pegangan unit). Info, http://www.asnb.com.my/ASW2020_AnnualReport2012.pdfGot it Tqvm
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