Hi All,

I am not sure if any SIFUs here have mentioned this before.
This is regarding ASG (Amanah Saham Gemilang).
Sorry I am very new in this, so Im here to seek some of the sifus here...

Due to cannot get ASN (fix priced funds), I may consider to take up ASG.
Before I take up, I really need more understanding from u all here instead just listened to the bankers. (you know there might be some hidden charges which she/he didnt/forgot to mentioned)

The banker told me variable is based on NAV per units, and it is count by units not by how many RM you would like to invest. Plus there is 5% service charge once you enrol into the ASG.

For example :
ASG-Kesihatan (Price per unit on specific Day1 : RM1.122)
If I want to buy 10,000 units,
RM that I need to pay is : RM1.122 x 10,000 = RM11,220 x 1.05 (5% service charge) = RM11,781

So after 12-months (lets say dividen out is 7%)
I told the banker, if 7% dividen, if I withdraw after 12-months, which means 7% (dividen) minus 5% (service charge during I start my ASG) = I only get 2 % dividen for the 1st year...
The banker agreed and asked me to consider to invest for long term in order to get higher dividen...
So I am not sure how true it is, can any sifus here clarify?
Is there any hidden charge like Annual service charge per year?

I have few scenarios in mind to ask all sifus here.

SCENARIO 1
NAV (as of 1.1.2015) : RM1.1000
Sales Charge (Non EPF) : 5%
Bought units (as of 1.1.2015 NAV) : 10,000 units

Calculation :
Cash need to pay = 10,000 units x RM1.1 = RM11,000 + 5% = RM11,550

After 1 year investment,
Dividen = 7% per unit,
NAV (as of 1.1.2016) = still at RM1.1

Calculation :
Units = 10,000 x 7% = 10,700 units
Profits = 700 units x RM1.10 NAV (as of 1.1.2016) = RM770
Nett profit = RM770 - RM550 (paid for 5% sales charge paid during purchase) = RM220 only.
--------------------------------------------------------

SCENARIO 2
After 3 years investment, lets say 7% dividen for all 3 years, NAV = RM1.1
1st year = 10,000 x 7% = 10,700 units
2nd year = 10,700 x 7% = 11,449 units
3rd year = 11,449 x 7% = 12,250 unts

Calculation :
Units = 12,250 units
Profits = 2,250 units x RM1.10 NAV (as of 1.1.2018) = RM2,475.00
Nett profit = RM2,475 - RM550 (paid for 5% sales charge paid during purchase) = RM1,925.

My QUESTIONS :
1) ASG is only worth to be invest for long term in condition NAV price during withdrawal is higher than during purchase/same, am I correct? ~17% profit after 3 years based on above calculations.
2) Lets say, if NAV price bought RM1.10, after 3 years NAV price drop to RM0.50, if withdrawal done I will loss 50% of my capital, am I correct?
3) Is there any annual fees/charges during these 3 years of investment that affect my profits?

Sorry for the long post. I hope some sifus here can guide me as I am newbie.
And sorry too if some terms used above is not appropriate.

TQ!!

ASx Mega Sale soon?
I overheard that some people are planing to withdraw their ASx & some savings money, then park @ transfer to other countries like SG. Maybe for investment purpose I think

Basis of calculation remains the same
Dun worry so much

I will reply you this weekend with detail now I busy. No worry.s

Tq XING... Will wait for ur reply.. Take ur time...
Really appreciate it...

I heard that it could be troll

Y suddenly troll?

Good choice. I just invested in kenanga growth fund today. Hope can get better return. Thanks ya cybermaster.

are u also invest in ut?

Sifu,

Can I buy am gemilang?? I m a chinese?

Yes

huh?

I think I overheard corrrectly the conversation unless my hearing got problem

Hi,

1. I want to ask, is ASW2020 really unlimted and fix price fund?
2. Is it open for chinese?
3. Why people want as1m if asw2020 is same like as1m?

This post has been edited by nexona88: Jan 7 2015, 08:13 PM

bro,

not easy to open an acc. must wait till got announced subscription. I m considered lucky coz I know someone work for bank.

got express lane to open account. that was 5-6 yrs ago. not easy...haizzz...you know who we are.

that s i only buy but never ever withdraw no matter what happened.

bro will-i-am..can you write longer...dont give so short answer. some of us here are newbie.

other bro / sister, if i wan to have as gemilang, only need to wait till got special announced subcription too?

why dont u spend time to look at their website.

FOR fixed fund u cant buy cause everytime what the teller will tell is full full full no subscription now unless you know someone who is willing to work for you just like real time monitoring. otherwise wait for an announced placement. on a side note, new placement can be snapped up very fast like 30mins after opened.

For variable fund like ASG(gemilang) for non bumi, u can buy anytime you want. the amount of shares you want is prepared steadily for you to buy (want buy 500k on the spot also no problem) because we are quite risk adverse investors.

This post has been edited by theberry: Jan 7 2015, 09:45 PM

I saw the website before and asked the counter..but dont understand why the teller always say dont have. feel like giving up.

luckily i have as1m, asm and asw2020. that s y i wrote in the forum for guidance. thanks anyway

so does that tell you that non-bumi in malaysia are very rich?

next time u ask teller "saya nak buka akaun baru saham gemilang", "harga naik turun punya". don't tell ASG. sometimes they confused

but u already have those 3 fund passbook. It's much more easier to "try luck". There's people out there only have 1 fund only

Yeah. That's me. I oly have ASG. But I spread out my money between the ASG.