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.

Better payout for ASN investors
KUALA LUMPUR: Permodalan Nasional Bhd (PNB)'s subsidiary Amanah Saham Nasional Bhd (ASNB) has announced higher income distribution for investors of its Amanah Saham Nasional (ASN) growth fund.

PNB chairman Tan Sri Ahmad Sarji Abdul Hamid said the better payout was due to the healthy performance of the local bourse and promising economic conditions.

"The ASN fund's (good) performance was a result of the Composite Index which touched an all-time high of 1440.39 points on Dec 6," Ahmad Sarji told reporters at a press conference on Thursday.

"The initiatives undertaken by the Government in developing the country's economic growth also contributed positively to the fund," he added.

For its financial year ending Dec 31, ASNB would be making an income distribution of 6.25 sen per unit for its ASN fund, an increase of 0.75 sen per unit compared with the income distribution of 5.5 sen per unit in the previous year.

Ahmad Sarji said the income distribution would involve a total payment of RM86.81mil that would benefit 1.21 million unit holders subscribing to 1.39 billion units of ASN.

"(The income distribution) would be reinvested into additional units of ASN calculated on the Net Asset Value of ASN as at Dec 31 and be automatically credited into the unit holders' accounts," Ahmad Sarji said.

He also said that up until Dec 24, 2007, ASN had grossed 12.33% higher income to RM129.02mil from RM114.86mil in the previous financial year.

Of the total income achieved, profit from the sale of shares accounted for RM75.99mil or 58.9%, followed by dividend income of RM41.67mil or 32.3%, with the remaining RM11.36mil or 8.8% was derived from short-term investment instruments.

Ahmad Sarji added that transactions of ASN at the ASNB offices had been suspended from Wednesday to facilitate calculation of the income distribution.

Transactions would resume on Jan 2, 2008.

URL: http://biz.thestar.com.my/news/story.asp?f...53&sec=business

PNB declares 6.25 sen dividend for ASN fund

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) subsidiary Amanah Saham Nasional Bhd (ASNB) has announced a higher income distribution for investors of its Amanah Saham Nasional (ASN) growth fund.

PNB chairman Tan Sri Ahmad Sarji Abdul Hamid said the better payout was due to the healthy performance of the local bourse and promising economic conditions.

"The ASN fund's (good) performance was as a result of the (KL) Composite Index, which touched an all-time high of 1,440.39 points on Dec 6," Ahmad Sarji told a press conference yesterday.

"The initiatives undertaken by the Government in developing the country's economic growth also contributed positively to the fund," he added.

For its financial year ending Dec 31 (FY07), ASNB will be making an income distribution of 6.25 sen per unit for its ASN fund, an increase of 0.75 sen from 5.5 sen per unit in FY06.

Ahmad Sarji said the income distribution would involve a total payment of RM86.81mil to 1.21 million unitholders subscribing for 1.39 billion units of ASN.

"It (the income distribution) will be reinvested into additional ASN units calculated on the net asset value of ASN as at Dec 31 and be automatically credited into the unitholders' accounts," he said, adding that up to Dec 24, ASN had grossed 12.33% higher income to RM129.02mil from RM114.86mil in FY06.

Of the total income achieved, profit from sale of shares accounted for RM75.99mil, or 58.9%, followed by dividend income of RM41.67mil, or 32.3%, with the remaining RM11.36mil, or 8.8%, derived from short-term investment instruments.

Ahmad Sarji added that transactions of ASN at the ASNB offices had been suspended from Wednesday to facilitate calculation of the income distribution. Transactions would resume on Jan 2, he said.

On another note, PNB president and chief executive Tan Sri Hamad Kama Piah Che Othman also commented on the group's foreign investment strategies.

"PNB currently uses its own funds for overseas investment, but we are looking to invest the money from the funds if we feel the returns would be promising," he said.

PNB planned to launch new products in the first quarter next year to cater to more non-bumiputra investors, he added.

URL: http://biz.thestar.com.my/news/story.asp?f...77&sec=business

Do you guys deposit your salary/money automatically into your ASB/ASW/ASM/ASD/ASN etc account?I just want to know how.Do I have to go to the bank and tell them to do so or I have to deal with the human resource department in my company?It's much more convenient if a portion of my salary automatically transfers to my ASB account rather than going to the bank and deposit it myself.

Pay yourself first you guys

How to do auto deposits to ASNB unit trust fund?

Here's how.

1. Subject to availability.
ASB to bumi and up to 200k. ASW no limit to bumi. Non bumi can't do so. ASD and ASM cannot do.

2. Type
a. Manual - bank in thru their bank agent or post.
b. Salary deduction - pick up the salary deduction form from their agent/PNB office. Fill in and give to your employer to do their work. If your employer is not registered with them yet, asked them to do so. If they are not/wont do that, you have another option.
c. Standing instruction - if you have bank account with either MBB/CIMB/RHB - good. most willingly going to do it on the cheap. because they will get their commission. Other's, i dont know how much they will charge on it cause they need to do more work.

Bottom line, try doing it by 1st of each month. Then your money will work best for you in ASNB unit trust fund.

TRUST ME.

just to add on...

ASB for Bumi....not necessarily up to RM200K only..
it depends to individuals transaction...
the more transaction you do,the higher limit PNB will give you,some even reach RM350K....

This post has been edited by terryykf: Dec 30 2007, 09:42 AM

Thanks for providing the information.But I must have RM200k in my account to do so right?I don't have that amount of money to be honest.

no....i mean the numbers of your transaction,if you always bank in money into your ASB account,withdraw less,then your limit will go up....not necessarily need RM200K in your account...

Saham Amanah Sabah announces 4% dividends

KOTA KINABALU: The New Year has brought some cheer to the 54,285 investors in the once-troubled Saham Amanah Sabah.

The state-operated unit trust company announced a 4% dividend payout after the company chalked up a gross profit of RM24.7mil for 2007, Chief Minister Datuk Musa Aman said in a statement.

Musa, who is state Finance Minister, said the SAS would make payments totalling RM17.9 mil to the unit trust holders who had been anxiously looking forward to better returns since SAS shared hovered at around 20sen per unit following the 1997 financial crisis.

He said SAS reaped a gross profit of RM24.7mil with main gains coming from the share market (86.52%) followed by income from dividends at 11.04% and financial market earnings making up the remaining 2.44%.

The Chief Minister said that the good performance of Bursa Malaysia in 2007 was the main reason for the higher dividend payout this year.

"After taking into account the expenses and taxes, the amount of profit that could be distributed to unit trust holders is RM22.9mil," he said, adding that the income distribution would be at a rate of 4%.

The 54,285 investors holding 449.3 million units comprise of 84% individuals, 7,407 holders under the Hardcore Poor Scheme, and 1,231 through bank loans and 46 from corporate sectors.

He said payments would be made through warrants but investors through the hardcore poor scheme would be paid in cash or via the Amanah Saham Bumiputera (ASB) accounts.

"After being in operation for 13 years, this is the ninth time SAS is paying dividends," Musa said, adding that a total RM270.8mil had been paid out so far over the years.

URL: http://biz.thestar.com.my/news/story.asp?f...20&sec=business
He said to enable Saham Sabah Berhad to update investor accounts before the payment of dividends, Mayban Trustees Berhad had suspended all SAS transactions for 15 days since Dec 17 and all transactions will resume on Thursday.

you can also start with RM10, why rm200k........my wife started with rm10

quest to all asb professional out there...

let say i take loan asb. eg. RM10k for 10 years. they say we had to pay certain amount per month like ..rm100. All the money we pay (month by month) until 10K. The quest here:-
-1-> when we can get rm10k? after all RM10k fully paid?
-2->RM100/m x 120 mnth = over rm10k . we get net rm10k or over than that?

is it all of above (month by month pay) deducted with (divident and bonus) is the sum we get after 10 years?

thanks for answering this.

yes,start from RM10 the minimum...

Okay,First Of All,you know,if you take loan,Bank will charge you interest rigt??
Let say you take ASB loan of RM10,000 for 10 years,after 10 years when you fully settled the loan,Bank will give you back your ASB cert of RM10,000,you can either keep the cert or go to PNB office to 'cairkan' the cert,then you can get your RM10,000 back lor...

Not recommended to take a loan because the interest is high. If you want to take loan, better topup for some amount of money into that ASB e.g you pay RM100 for the loan + add extra money RM250 or other amount to your ASB. then its better...for me better don't take loan.just keep save your money directly to ASB without any loan...

hehe.. but i got question..don't know much about ASW n ASB but i got both..only got RM20.20 for 2007 dividend because only have RM1000 in ASB which i put on September last year..just update my ASB today but no dividend for ASW..when r will get dividend?i taught early in every year..my target is to keep RM1000 every month so for 2008 hopefully i will get RM9++ dividend.. wish me luck..

You mean the interest is from like i said over 10k.?? that over?

http://www.irwan.biz/asb-take-a-loan-to-invest/

not sure about your question..basically what i understands you take loan from letsay maybank for 10k..and you pay for interest rate for the loan to maybank..maybank will put 10k into your ASB and you will get dividend from that..but plus minus dividend / bonus / interest..then u still rugi wooo...from what i read laa..correct me others if im wrong..

This post has been edited by slackware07: Jan 2 2008, 09:47 PM

All,

It is SO SIMPLE that it only take common sense to figure this one out. As long as you understand simple plus and minus, you can know this.

If the bank loan you money at 6.9% and ASB pay you dividend of 7%, you make (7% - 6.9%) = 0.1% every year. This does not take into account of bonus and so on. This is FREE MONEY. You put NOTHING in and you get 0.1% of the whatever loan amount you take. And, if you are discipline enough to do not spend the dividend. Eventually, you will get the ASB free and clear.

The ONLY question that you need to ask is will the ASB dividend ALWAYS HIGHER than bank loan rate?? If yes, you take the ASB loan.

In the old days, the ASB dividend rate was 14% while ASB loan only at 9% to 10%. There is NO REASON why a BUMI cannot be rich in Malaysia with FREE MONEY from ASB.

Dreamer

Noted, dude. I like the way you think and discover . Not many people will speak out from their mind as what dreamer101 did. We all should take it under consideration and reconsider about what he said. Thankz for a very useful tips my friend

This post has been edited by doremon: Jan 3 2008, 08:57 AM

It is not advisable to take the loan in huge amount for example RM100k. What if you want to take another loan (house loan)? The ASB loan would be detrimental in this situation.

Another thing, when was the last time ASB made any losses or did it even happen?

If anyone of you wants to do autodebit for your ASB,ASW all you need are:

1)Photocopy of the first page of your account book (ASB,ASW) which contains all your particular.

2)Photocopy of your ic.

3)Pay slip (For government servers).

4)Approval from your employer.

For government workers, the forms must be sent to any ASNB offices or banks (If im not mistaken) but for private workers, send the form to your employer/head department.

This post has been edited by amirbashah: Jan 3 2008, 02:51 PM

i wonder who on earth told you this. its been noted for a long time the ceiling is 200k.

---

Added on January 3, 2008, 4:00 pmnot exactly i think. credit officers from the bank youre applying the loan can see the asb loan (assuming 100k) is with collateral. they could figure your monthly commitment is not as much even though you take 100k the most you pay monthly is around RM600? basically asb is a very safe investment. as good as fd but with more than double the returns. bumis who have excess funds are advised to invest in asb.

This post has been edited by mrcloud9: Jan 3 2008, 04:00 PM

Limit for ASB is still RM200k. Never more than that. But i knew people which has more than RM500k in ASB. How come? Accumulate dividend. U can't invest more than RM200k since their system have a mechanism to control how much you have bought/sold.

"Another thing, when was the last time ASB made any losses or did it even happen?"

this is just my personal view.

I think most prob, ASB has made some loses during the last financial downturn. they must have lost millions if not billions during that time when share market drop down to 200-300 points only. only thing is that, they must have use their BIG reserved accumulated for 17 years to give out dividend during that time. without any reserved, i'm sure that they wont be paying anything during those bad time.

Read thru your account statement that will be sent to you in March. See how much is the reserve. If you are comfortable wit it, invest. if not dont.

It's already 10 years so the cycle is coming. How bad it will hit Malaysia, nobody know. Invest your money properly.

This post has been edited by kriel: Jan 3 2008, 04:28 PM