Except that Capital Guaranteed by Public Mutual you are guaranteed RM1 at maturity, but ASM RM1 anytime.

Can some one clarify this for me?

I have bought a maximum of RM20k for ASM this year April which was the same batch as next Monday(as mentioned by News that this is the balance of the Bumiputra units from last time), so can I still purchase another RM20k?

PS: Today I went to Maybank to make some deposits, and I have asked the staff, they said yes I may purchase another RM20k for ASM but one thing is I scare the staff just simply answer me. I don't want to end up being told "Awak dah beli RM20k, tak boleh beli lagi, tunggu unit baru tahun depan".

Yes, this is your 2nd opportunity to accumulate another 20k units.

If after the 27th July and there is still units available. You can buy everything without limits.

This post has been edited by skiddtrader: Jul 17 2009, 09:19 PM

For the new allocation 21 to 27 July, will they still follow the 50:30:15:5 quota or will it be first come first serve up to the 20k limit? I won't be able to go until 23rd, & scared all allocation taken up only...

if go to pos office to buy ASM, can be pay with cheque or need to be cash??....

IINM, pos office only can receive cash

If i want to buy 20k unit, should i bring rm20k on that day ? Or just open an account with them, and insert money to it ? And when it start ? 20th or 21th ? Can i open new account at any post office ? Or any bank ?

This post has been edited by Cyclone87: Jul 18 2009, 09:40 AM

i'm new in asm, i heard there are fees and charges per year for it, anyone know how much is the fees and charges per year.

No charges

There is a high possibility that this bumi release fund will be fully subscribed within hours, or 1st or 2nd day.

Post offices only accept cash, while PNB offices accept cheque and cash. If you buy from agents like Maybank, CIMB and RHB, you can transfer the fund from your savings, current or FD account.

New account can only be opened when the units are available.

Does the bank accept banker cheque ?

A question need to be clarified,

My living area has two banks which are Maybank and RHB bank, RHB bank just right outside my house while the Maybank I have to take a 15 minutes bus from my area to reach, and some more during ASM/ASW2020 that Maybank usually will be damn pack while RHB bank just has few people's to purchase, so now I'm planning to purchase the ASM at RHB bank, but I doesn't have account at RHB bank but only Maybank, so is there anyway for me to purchase it at RHB bank? I heard there is a service called BankDraft where I can buy through the bank and send the money to another bank account without bringing the cash, does the BankDraft allow me to purchase the ASM directly at different bank? Mean I've bought a BankDraft at Maybank by using my own account then I never credit the money into RHB bank account but just directly credit it to my ASM account at RHB bank? Is it can, some body pro please clarify this for me.

This post has been edited by reevephon: Jul 18 2009, 02:14 PM

Thank for clarify thing up. Can i open a new account at post offices ? And if i decide to go maybank, can i simply go to any random branch to buy it ? Or only certain branch ? ?

Yes. You can.


All Maybank branches are ASNB agent. So you can buy ASM at any Maybank branches nationwide. Same to CIMB Bank and RHB Bank. Good luck !

This post has been edited by MilesAndMore: Jul 18 2009, 02:45 PM

A question guys: Let's say we've bought some ASM units.

1) Is the % interest per annum? If so, for how many years?
2) How do I check my balance? Is it possible to check online?

This post has been edited by Andrew Lim: Jul 18 2009, 03:23 PM

Previously, I bought ASM and ASW at PNB HQ at Jln Tun Razak using cheque. PNB offices accept banker's cheque, payable to "Amanah Saham Nasional Berhad". This time round, I've already purchased a banker's cheque in favour of ASNB on Friday and will go to PNB HQ again early morning on 21st July.

However, I haven't tried this in Maybank/RHB/CIMB, so that I am afraid I may give you wrong information. If I remember correctly, banks don't accept banker's cheque in favour of ASNB. I doubt banks accept banker's cheque in favour of yourself (your name). Although banker's cheque guarantee payment, it still needs time to be cleared. Therefore, if you wanna purchase at Maybank/RHB/CIMB, it's better to get ready with the fund (already in your deposit account in the specific bank) at least 1 day earlier.

Based on my experience, I subscribed SUKUK government bond at Maybank using banker's cheque on the 1st day the fund was launched. However, SUKUK is a different story as the fund was only sold out in 1 week.

I suggest you to give the respective banks a call to enquire whether they accept banker's cheque. As I mentioned earlier, if you plan to subscribe ASM at bank, it's better to ensure your fund is already in your savings/current account at least 1 day before ASM is open to the public.

You can open a new account at post office, provided that you are able to grab some units on time you wish to open the account. FYI, you can't open a "blank" account at any post office/bank/PNB office.

Hi winner, my question may seem a bit stupid, banker's cheque is already stated with a amount right? say RM20K
What if when i buy ASM, they said left less than 20k units already.
Sorry

Bank open door at 9am while post office open at 8am. So is it wiser for me to go post office at 8am ? I just afraid i have to carry big lump sum cash to office if i fail to open my account .

Good question. Something that most people including myself overlook it. I suppose PNB officer at counter will not allow you to buy, unless you have another banker's with smaller amount or cash. Therefore, it is wiser to split your 20k banker's cheque into 2 or 3. But you'd better make an enquiry with PNB 1st before you do this.

Alas...I have already purchased the banker's cheque in 1 piece!

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Added on July 18, 2009, 4:18 pmI'm not sure about the business hours nationwide but in KL and its surrounding, most banks open at 9.15am, post offices at 8.15am and PNB HQ at 8.00am.

For security purpose, I would never bring 20k CASH to que up at a post office in KL. You may bring cash only if you only buy at a small amount or at a post office with less customers in small town.

This post has been edited by winner: Jul 18 2009, 04:26 PM

After we have the asm account book, do we need to fill in forms again or just bring the book&cash and queue up?