was at CIMB today, just tried my luck at the counter for ASW,ASM, AS1M.
None for ASW and AS1M, but got lucky with ASM- got RM10k at 1 shot - time: 1413hr.

Was at CIMB bangsar yesterday. Managed to open ASB2, AS1M and ASW2020 accounts yesterday. Hopefully these investments will give decent returns. The cimb staff very helpful. i was a bit blur about the procedures but they were patient and friendly towards me. Got everything done in 1 hour!

Why not? Who would give u 60k dividend p.a with such low risk investment. It's dividend rate also higher than most FD / low risk investment u can find in Malaysia. This only applied for the fixed price fund & if you're bumiputera. Non-bumi is out of question because mostly are sold-out 

Managed to get RM100 for ASM this afternoon.

Is El nino season (draught) back now for AS1M & ASW? Not a single purchase for the past few weeks. Ha.

Cheerio.

If u know the right person, you can put any amount you want.

Sorry, silly of me to ask in that way. Anyway, I've made my 1st investment in ASN..and it's in ASN3...bought from RHB and currently they have a promotion whereby they will rebate 50% of the sales charge, e.g. 2.5% after 1 mth. Variable funds like ASN3 and ASG are generally on a rising price trend and today's price vs Wed's price, there is a 0.4% rise. It's now selling at 1.1998 and I believe on Mon, it'll be 1.2XXX. Price changes once a day.

It is just too troublesome to try to get the fixed funds like ASM, AS1M and ASW. These funds offer a slight financial advantage....main adv being no 5% sales charge...but for ASN3, with the rebate, we pay just 2.5% sales charge and I think with the possibly higher dividend rate and the capital gains (from the generally rising price)...I think ASN3 almost as good as the fixed funds in terms of yield.

I duuno what it started and when will it end. The staff told me only RHB offer this rebate and it's only for ASN3.

It is not ASNB offer SC discount. It is the agent...in this case RHB which is offering to earn less by rebating 50% of the SC back to the accountholders... I see this as a win-win situation...RHB get more sales and accountholders get the rebates.

erm, then who will tanggung the remaining 3%?

Agent banks got commissions for selling the ASNB's variable funds, RHB pays back to the investors.

Last visit to CIMB Preferred banking center, saw one Relationship Manager selling ASB2 to a Datuk/ Tan Sri, overheard the Datuk invest few hundred thousands with 5% sales charge, i guess the bank get commission for selling ASN2/ ASN3, like selling other unit trust. The only different is RHB give the commission back to investors as rebate.

I think these agents are just bank employees with title Relationship managers and thier job is to sell ASN funds and maybe also insurance like endowment plans (at least this is what the relationship member in RHB Taipan Subang Jaya does). So they just earn a salary and not pocket the sales charge of ASN funds....and they have a target to meet like all sales agents. If they managed to sell say RM500,000 worth of ASN funds to a rich Datuk, RHB might get the 5% sales charge which is a whooping RM25,000......but the relatoinship member will have no share to this.

No, I prefer their fixed price fund.
For The variable price funds, many other fund houses outperformed asnb's variable price funds.
Can check the overall fund performance at the following independent website:-
Http://My.morningstar.com

Good comparison.

But I have my suspicion that the magic hand in there may be removed or reduced with a new govt. E.g., no more special IPO allocation for ASX funds, plus other sure-win deals from the govt.

Of course, ideally one will want the fund managers to do their job with a high return without any hidden/special treatments from other companies/govt.

Just speaking my mind.

Cheerio.

Finally opened ASB2 yesterday at Maybank. But didnt see the additional 10 units? Is that credited at the end of the financial year?

Can chinese open ASM? Seems like got units left.

What has El Nino got to do with ASN?

Intrnet bankng for PNB fnds wil never b implmnted. Pnb thnks thre is more security if unthlders go to th brnch to update and to prfom ther trasctions. Ths is the main reson.

so the difference is there is a fee there for ASG/ASN3. Better stick to trying the fixed price products, got 3k ASM and 1k AS1M yesterday at CIMB. I repeatedly refused their offer to sell me ASN3.

Congratulations!

Kosong for me at PM this afternoon. There was a Chinese guy 2 number ahead of me. So, the counter staff told me no more units when my number was called. Unlucky day for me.

Don't quite understand your question.

PM here has 1 or 2 counters for ASNB customers. Get a ticket number and wait.