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!!

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

Hey Ancient-XinG-,

THank you very much for your precious explanation. Now I have the total picture of it after I take times to understand how ASB works which I feel quite complicate at 1st.

I went through the infos from the net and the banker I met previously, I have few questions to ask :

1) There is 5% service charge. (From banker she mentioned this will charge during your purchase the units, but from some site info, it mentioned 5% service charge is on during your cashout time)

Example :
a) I bought 10,000 units (NAV : 1.10) = RM11,000
Actual cash I need to pay = RM11,000 + 5% = RM11,550?
*above is the banker calculation for me if I purchase 10,000 units

b) Based on your calculation example above, cash out amount is RM 13338.58.
From website info, there will be 5% service charge which means,
RM13338.58 - 5% = RM12,671.65 --> This is the exact amount to cash out.

Do you know which one above is correct? 5% applicable during the units purchase OR during cashout the units?

2) Aside from 5%, there are also annual charge + some kind of other tax. Do you have any information on this?

I am not sure how much are these annual, service charge, tax will effect on this ASG investment but I am pretty sure there are quite a big sum.
Hope you can help.

This post has been edited by piscesguy1314: Jan 10 2015, 02:22 PM

Icic, alright will go and ask again... Thanks bro!

Ok another question :

From the banker and some infos here, there will be no pro-rate dividen distribution.
If that is the case, (lets say the year end for ASG-Kesihatan is March)

I buy 10,000 units on February and I will get the full dividen for 7% and units based on the NAV price that day?
If like this I can cash out all the units after get the dividen, then wait till again next year February to buy units in order to get the dividen?

Ok. Understood! Will update and share mroe here if I got any new information. Thanks!

When additional buying units after some certain month, there will be no 5% / additional service charge right?

I think you can update your passbook so you will see how many latest units you have after dividen..

But since you just bought few moths ago, there ll b no dividen until 31 march...
So the only way is you do the calculation by ur own with ur units on hand multiply the price of NAV per unit on that day if u intend to withdraw...
But bear in mind there will be service charge if u do withdrawal

I am not sure... I have yet go to the bank and ask.
Yes the banker told me too for 5% charge during buying the units...
But if this is the case, everytime we wanna buy some extra units also subject to 5% service charge each time we top up some units?

I am not sure if withdrawal is subject to charge as well... Will confirm again with banker...

Which means everytime you want to top up some units will be subject to 5% charge right?

By the way, do u know how the annual charge and handling fees works?