And ignore the fact that your capital is not protected? And the fact that they have around 5% charge (difference between the buy and sell price)? Be careful bro... A sudden drop in the stock market will wipe lots of your money out, eventhough the number of your units appear intact.

To make it simpler

Dividend : Calculated based on Average Lowest monthly balance for the year.
1. find out your lowest monthly balance for all the months in the year
eg :
Jan 1000
Feb 2000
mar 3000
etc

2. Add them all
eg 1000+2000+3000+etc

3. devide by 12, you get the "Average Monthly lowest balance".
4. Times by the dividend rate, you should get the dividend figure


Now for bonus, it average montlly lowest balance for the last 10 years (as compared to only 1 year in dividend).

1. Find out your lowest monthly balance
eg.
jan 1997 = 1000
feb 1997 = 2000
etc
until Dec 2007 = 20000
(for 10 years)
2. Add them all up.
3. Devide by 120 (120 months in 10 years)
4. TImes the bonus rate.

You should get the dividend.

ASD dividend this year is 7%. Just announced.

To top up you should not require ID, i think, just like you can bank in some one else account in bank. But open account will require id.

ASB is for bumi only and it is open anytime. Limit 200k per person.

I've warned you previously.

ASB maximum RM200,000 per person (Akaun Dewasa), RM10,000 per person (Akaun Remaja).

This post has been edited by vergas: Sep 4 2007, 04:54 PM

RHB Bank....

I think that's for variable fund (eg ASN, ASG), not for fixed fund(ed ASB, ASW, ASD).

Bumi's portion for ASW should still be there. Do check out ASD first then ASW.

Correct, don't confused between bumi portion and non-bumi potion. Bumi portion normally is always there (except for ASD sometimes). Non-Bumi always finished on the same day.

You mean 3.7% instead of 4.7% FD rate.

2007 Dividend and Bonus not yet announced.

No limit for the fund size. ASB is the only fund that I am aware of that has no limit. However, individual limit, ie each person can buy maximum RM200,000.

End of the year around middle December.

Something wrong with the link above.

Anyway ASB dividend 8%, bonus 1% as per newspaper.

Dividen calculated at average monthly balance for the 12 months, while bonus calculated at average monthly balance for last 120 months (ie 10 years).

So bonus is more to reward loyal long term investor.

Must be typo, it should be :
As long as ASB loan rate is lower than ASB dividend rate, you make money.

Yes.

At lease you know that for ASB, ASN, ASW and ASD your capital will be protected. ASN however is variable prices so like other variable unit trust its value may go down.

Try to go to PNB's agent ie RHB Bank, CIMB bank, Maybank or post malaysia and ask them first. Try bringing your book and IC and Surat Beranak. Maybe your mother need to come as well, but better you check at the agent first before dragging your mother there.

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Added on February 11, 2008, 4:53 pmFor bumi anytime. But why not ASB instead? Better dividend based on historical data.

This post has been edited by vergas: Feb 11 2008, 04:53 PM

20 million x 25k equals 500 billion, if my maths is right. Thats really a lot of fund to manage. Around 5 times what PNB is currently having and much bigger that EPF's current 312 billion. It will be a real challenge to do so.

This post has been edited by vergas: Mar 13 2008, 08:12 AM