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 Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)

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cheahcw2003
post Apr 2 2015, 01:15 PM

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QUOTE(ISawYou @ Apr 2 2015, 11:00 AM)
Thank you. One last question, any minimum amount needed to open the account?  thumbup.gif
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Please always refer to the 1st page or ASNB website before you raise any question.
We want to keep the thread clean and lean.
cheahcw2003
post Apr 2 2015, 06:46 PM

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QUOTE(wil-i-am @ Apr 2 2015, 04:07 PM)
Returns from fixed n variable price Funds will be affected by GST
http://www.asnb.com.my/pdf/NOTISPENTING/Su...disclaimer).pdf
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Variable price funds investors will be badly hit.
Assuming every RM1000 worth of investment, 5% sales charge involved. Hence, RM50 goes to the fund manager. And RM3 (6% of RM50) goes to the government.
Meaning U pump in gross RM1000, only RM947 goes to the investment. The rest goes to PNB/IRB.
cheahcw2003
post Apr 2 2015, 06:47 PM

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QUOTE(Ancient-XinG- @ Apr 2 2015, 06:16 PM)
So, we still pay the normal 5% and it is inclusive the  GST?

Damn I pening ad this thing.
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Consumer/ investors are the one who absorbs the 6%
cheahcw2003
post Apr 2 2015, 06:51 PM

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QUOTE(Ramjade @ Apr 2 2015, 06:48 PM)
Is this for depositing time or withdrawing time? Does it affeect the payment of the dividen?
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U kena 6% gst when u purchase variable price fund.
Dividend distribution are tax exempted for asnb's fixed price fund.
cheahcw2003
post Apr 3 2015, 02:09 PM

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QUOTE(plumberly @ Apr 2 2015, 02:17 PM)
Follow up from my frustrating experience yesterday.

Called the ASNB here. Initially I was told that I could not buy ASM due to system upgrading. I explained the ASNB memo on ASN (1-5 Apr) and ASX (5 Apr). Then she said with the system upgrading, it would be slow in getting ASM.

First it is this, later that. Reminds me of MAS (Mana Ada System)!

Asked about going to banks and was told it would be the same with the slow speed.

Giving up. Now they don't deserve the title of being the branch with the highest ASX transactions in Malaysia! Ha.
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I can understand your frustration.
Today I went to a red color bank branch in KL. The customer service told me all Pnb system bank down nationwide. Apply to all agents bank till next week

Thereafter I went to another red color bank in PJ. Problem solved. Transaction could be done as usual. Sometimes the staff just lazy and not helpful.

This post has been edited by cheahcw2003: Apr 3 2015, 02:10 PM
cheahcw2003
post Apr 4 2015, 04:59 PM

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QUOTE(bbgoat @ Apr 4 2015, 02:32 PM)
RHB only. Banks do not show all offers on their website or may show it later. Call up RHB branch or go there to visit the branch.  biggrin.gif
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CIMB Bank also have similar products
Their equity funds include the ASNB variable price fund

http://www.cimbbank.com.my/en/personal/pre...e-campaign.html
cheahcw2003
post Apr 8 2015, 10:25 AM

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QUOTE(ic no 851025071234 @ Apr 7 2015, 08:50 PM)
If one day Amana sham say bankrupt then we already invest 100k how r?
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From your question ask, probably u are 19 yo?

First u need to know what is amanah saham (unit trust), and how it works. To put it in a sentence, unit trust invest in 30-50 stocks counters, some invest in property, cash/ money market, bonds, treasury bills.
A unit trust can only go bankrupt if the invested stocks/ bonds all kaput. Study the annual report to find out more.
cheahcw2003
post Apr 11 2015, 10:35 PM

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QUOTE(lucifah @ Apr 11 2015, 04:22 PM)

plus, insider info: there will be a new ASB2 financing scheme (ala ASB financing) for eligible holders
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Maybank talked about it 1 year already
cheahcw2003
post Apr 15 2015, 02:52 PM

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QUOTE(honkkydorry @ Apr 15 2015, 02:48 PM)
Is there GST imposed if we add investment via counter? I saw that there is a RM1 service charge + GST 6% if making additional investments via Maybank2U for ASB and AS1M.
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so u pay RM1.06?? No big deal
Can save RM0.06 doing i over the counter
cheahcw2003
post Apr 17 2015, 10:47 AM

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QUOTE(prince_mk @ Apr 17 2015, 10:38 AM)
I had done Pengisytiharan Amanah lately. It was very simple fast and efficient.
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i was told they need the photocopy of the next of kin/ beneficiary of the will
It seems very inconvinience to me, because you may not want to alert them they are the beneficiary.

cheahcw2003
post Apr 17 2015, 04:23 PM

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QUOTE(guy3288 @ Apr 17 2015, 01:47 PM)
there is benefit if beneficiary knows. if they dont know about it, your assets may be lying idle not claimed till they find out. may be much later.
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each case is different. We shall have the rights to disclose it or not
the ASNB's will service is not practical
cheahcw2003
post Apr 20 2015, 08:26 PM

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QUOTE(nexona88 @ Apr 20 2015, 04:07 PM)
looks like ASB2 is getting "hot" nowadays.. overheard some unker talking about it in bank.. saw few pipu also open new account..

I wonder how much ASB2 has been sold  hmm.gif
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Yeah...Bumi investors would withdraw from ASW/ASD/AS1m to fill up ASB2 first.
Then only consider other fixed price funds.
cheahcw2003
post Apr 22 2015, 08:36 PM

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QUOTE(guy3288 @ Apr 22 2015, 02:02 PM)
you are right. MBB also said no, cant open account, later cant get any unit, very difficult to reverse account.
Fact is there were so many units of ASM and AS1m available just now. Finished all my cash in hand, still got some more! sigh....they just  dont want to open new account...i said RM100 sure can get, they are just not willing..
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Talk to the branch manager, take down the name of the officer and teller, threaten them to complain to ASNB, and their HQ for the reluctance to open account.
cheahcw2003
post May 5 2015, 11:55 PM

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today visited the red color bank, and was told that they received the instruction from ASNB not to open new account for ASM, AS1M, ASW for Non-bumi because all units are sold. But the agent banks have their own discretion whether to allow top up for existing accounts for non-bumi account holders.
cheahcw2003
post May 7 2015, 10:28 PM

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QUOTE(hyelbaine @ May 7 2015, 12:08 PM)
Looks like its TH and not PNB is the one that's more associated with 1MDB rather than ASNB's AS1M fund

A new deal for Malaysia
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TH suppose to be only involve in the HALAL business. Hmmmm rclxub.gif
cheahcw2003
post May 12 2015, 12:00 AM

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QUOTE(JustcallmeLarry @ May 11 2015, 07:00 PM)
Is there any plans to have asbn atm? Something like those passports readers at airports? Few days ago I really needed the money but bcs bank was closed I couldn't get money.
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bear in mind this is the unit trust/ mutual fund, not a bank account.
No unit trust in the world allow withdrawal via ATM
cheahcw2003
post May 18 2015, 07:07 PM

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QUOTE(utellme @ May 18 2015, 05:37 PM)
Managed to top up for my AS1M  today again and I believe there are seller now day.  Another still have confident with PNB, you can continue top up. 

BTW, anyone know the max limit for each individual account for AS1M, ASM, ASB and ASW?
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Very generous to show your account total balance
cheahcw2003
post May 19 2015, 02:58 PM

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QUOTE(hyelbaine @ May 19 2015, 09:31 AM)
That would be the drawback for bumi's I guess. 7% income distribution yet capped at 200k (for initial investment) while the other funds while only giving around 6%, does not limit one's ability to invest.

I did some quick calculations; 200k @ 7% vs 300k @ 6% over 20 years... The latter actually yields you more than the former at the end of 20 years although that wouldn't be a surprised now would it tongue.gif
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Not to forget ASB2 another 200K limit which also paying > 7%.
Bumi owners can always top up the other fixed price fund. ASD and AS1M are always available for bumi investors.
cheahcw2003
post May 21 2015, 01:07 PM

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QUOTE(nexona88 @ May 21 2015, 12:08 PM)
I heard tat Najib announce today that EPF holders can use their money in account 1 to invest into ASB2  icon_rolleyes.gif

reason is to increase bumi participation in equity holdings yawn.gif
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Everyone scared and have second thought when he starts to speak
cheahcw2003
post May 21 2015, 01:09 PM

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QUOTE(wil-i-am @ May 20 2015, 10:50 PM)
U seems to b buying non stop
Ensure u dun put all Eggs in 1 basket
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He has unlimited eggs and unlimited baskets.

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