the dividen for ASNB fixed price fund is on monthly rest, say

scenerio 1
if u bank in your money on 27/4, your dividen will be only calulate from 1st May. For FYE31/8/2009, you will get 4 months dividen (May to August). If they declare 6% u will get (4/12*6%)

scenerio 2
if u bank in on 2/4, and withdrwal on 27/4, then no interest pay for the month. In order to get the full interest of the particular month, u need to bank in on the 1st day of the month, and keep the amount till the month end. If u bank in using bank draft at PNB branch, then they only start counting the dividen when the cheque is cleared, not on the cheque's bank in date. So to play safe u need to allow 3 working days for cheque clearance.

scenerio3
Let say u bank in 20k on 27/4 and withdraw it on 30/6. On 31/8, u still get your 2 months dividen for 20k (calculate from 1/5 to 30/6) but the dividen will only pay out on 1/9, provided u still keep your account open.

cheahcw2003

Yeah, I understand it's not monthly paid but just wanted to know how's the distributions calculation method only..

Informative..thanks guys.

cheahcw2003,

So, the BOTTOM LINE is you were NOT telling the TRUTH when you said that ASW is 51% owned by BUMI.

Dreamer

Wow, hostile much?

Snowcrash, i dont care that much, this dreamer guy he think he is the smartest guy of all, everyone is stupid and he tried to finger poiting on everyone when what u said is something he disagrees. Try to read this topic from the begining then u will see how he rudely and arrogantly responded to others' comments, i am not the only one whom he is trying to find fault with.

What i am trying to say is that if u check ASW brochures, it is stated 51% for bumi, and 49% for non bumi. When they offered 2 billion additional units in April 2009, non bumi unit which is (49%) 998million sold out in 4 hours, whereas bumi unit (51%) 1.02 billion still not fully sold till to date, and PNB is not planning to release the unsold bumi lots to non bumi, but i guess bumi will slowly buying up the unsold units as ASW is the 2nd /3rd options fund after ASB.

I was told that billions of Bumiputra ASW2020 units still available

yes, i got to know from other forum website that 1.6 Billion Bumi unit for ASW still remain unsold. For details pls check with PNB.

cheahcw2003,

1) Anyone can read through your post and my post reach their own conclusion.

2) You have CONSISTENTLY making statement without checking your fact. And, you done it again and again.

The latest episode.

<< i guess bumi will slowly buying up the unsold units as ASW is the 2nd /3rd options fund after ASB>>

Which is not consistent with

<<I was told that billions of Bumiputra ASW2020 units still available >>

BUMI lot of ASW2020 has been around for A LONG LONG time. And, it has NOT been fully subscribed. So, how likely that ASM which is not as good as ASW2020 will ever be fully subscribed?? Common sense will tell you that it will not happen.

Do your homework before posting something.

Dreamer

Uh, dreamer, maybe you should re-read those 2 quotes. cheah doesn't mention ASM in those quote, only ASW. The quote are internally consistent.

Regarding your query about how ASM is fully subscribed when ASW isn't, keep in mind that ASMs Bumi quota is released to public after a while, ASW (AFAIK) is not. As such, ASM is fully subscribed as for many non-bumis, it is their best option when ASW becomes unavailable for them (while simultaneously still being available for Bumis).

Deleted.

Dreamer

This post has been edited by dreamer101: Jul 28 2009, 01:48 AM

For all who interested to invest in AS1M:-

Just now i called up PNB, they told me the latest news about AS1M. this fund will be launched tomorrow, the annoucement of the details will be on tomorrow also, here are the other points that he shared with me,

a) it will be start selling only next week in August on 1st come 1st serve basis.

b) as the name is 1Malaysia, there will be no quota for any races, only individual quota applies. anyone above 18 years old and below 55 years can invest upto RM50K per account. Senior citizen that above 55 years old can invest upto RM100K

c) it is a fixed price products sell at 1ringgit per unit, like ASB/ASW/ASM, it is an equity fund with around 70% (of fund size) exposure to equity

d) fund size is rm 10billion
The officer that told me is En. Mohd Razali from PNB.

Hope this info is helpful.

Thanks dude. Prepare bullet again. Hehehe....!!

wonder what is the average return like? between 6 - 9%?

No real way to tell during 1st year launch period.

Personally, gonna have to hold off as I'm no longer looking to park money, thinking of dipping my feet into share market instead during any upcoming dips. Maybe next year, once the returns are in....

Too Bad. All my money is tight with FD and unit trust now. Cant take out or esle rugi interest.

I doubt on no quota...

Source: http://www.utusan.com.my/utusan/info.asp?y...ni&pg=bt_08.htm

Oh....then the PNB officer told me wrong info....if got quota, then another "HUHA" in the banking hall already......

This post has been edited by cheahcw2003: Jul 31 2009, 12:11 PM

http://www.themalaysianinsider.com/index.p...able-from-aug-5



from different source

biggest fund? something is really wrong here...

1) it dont make sense to put a quota when they know the bumi quota will never be full
2) 1Malaysia with quota? what the difference with NEP, all this is for show only
3) bigger fund than other more stable fund?...eg. ASB, ASN
4) benchmarked with 4%? this is ridiculous, even sukuk give more return

my money would never be on this fund...i rather wait for another ASM/ASW

This post has been edited by uNeVErwaLkaloNe: Jul 31 2009, 12:31 PM

so, it will be open for sell on 5 Aug 2009. With quota? What is the max invest this time?

Since this is the first release, the return rate is still unknown, I wonder how's its performance....

Bernama

Key points:

AS 1 Malaysia will be opened for public subscription... beginning Aug 5, 2009 till Sept 3, 2009,"

fund will be invested in Malaysian companies with its yield benchmark according to 5-year Malaysian government yields which currently hovers around 3.7 to 4.0 percent.

"During the offer period, subscription of the units is subject to an allocation of 50 percent for Bumiputeras, 30 percent for chinese, 15 percent for Indians and the remaining five percent for other minorities,"

The maximum investment limit during the 30-day offer period has been set at 50,000 units per accountholder for those between the ages of 18 and 55... for those above 55, is set at 10,000 units per account holder

So racial quota still in place (but only for offer period), & now offer period limit is 50k....