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.

U kena 6% gst when u purchase variable price fund.
Dividend distribution are tax exempted for asnb's fixed price fund.

The best time to try is at ASNB's office early morning when it just open. No guarantee but at least banks are not open yet and less people to grab your family's sales of ASx units. But first u must get an officer who is willing to do it.

Last week, I went to ASNB to open a AS1M account but the unfriendly counter guy said funds fully subscribed for non-bumi so refused to try. I then see an Officer to subscribe for the 'Peristiharan Amanah' service n at the same time I requested to open a new AS1M account for my nominee/child, she instructed the same guy to do it n I managed easily to get rm100 for the new account. I think it is not hard if you try small amount but u must 'bodek' them to at least try it.

Thanks.

I thought I missed that one out.

You have good eyes for details!

I assume you meant whether I sold RM100 units from my account and my daughter bought that RM100 unit so that she could open the account.

No, I did not sell any. I think there are a lot of AS1M, ASM fishes around due to the 1MXX concern. Some people prefer to get out of ASX to be safe, risk of ASNB dipping into its pockets to help 1MXX.

Process is like this:

* he will enter the data from the form you have completed into the computer.
* print the passbook
* then check to see if there is any RM100 unit available
* if yes, then the account opening is a success
* if no RM100 unit is available, then he will have to cancel the account and cut the passbook

Yes, after all the hassle, cut the passbook? Yes, that is their SOP.
P/S One observation. When waiting for my turn, one elderly chinese man came in to the office and asked one counter staff XYZ whether he could open an account. I heard the reply, "sudah penuh", meaning cannot. This chinese did not even get his queue voucher, he just interrupted the staff who was processing another customer. Rude of this chinese. Incidentally, I am also a chinese and I am not a racist. Ha.

Now the punch line. It was the SAME staff XYZ who helped me to open the account! Ha. Earlier, sudah penuh and later no problem, as smooth as silk!

Be fearful (AA) when others are greedy (BB)
Be greedy (AA) when others are fearful (BB)

With the current ASX sellout, I am still buying. Wonder which one am I, AA or BB?

Tough and confusing world to live in. Ha.

Lol no point ad. If fall like that you still need cash to buy thing rite. Haha. But I think that wont happen la. Those only in movie.

I supposed u have some assets in Bolehland
Wat u gonna do if it happen?

Yes

Dividend is calculated based on min bal in a month
If u deposit on 1/6, u get Dividend from Jun to Sep
If u deposit on 2/6, u get Dividend from Jul to Sep

Was at Shah Alam, left my kid at INTEC for JPA registration.

I went round town, tried the ASNB Shah Alam  - told same thing!  no quota?!

Then surprisingly Pos Office Seksyen 14 said can open. easy with IC only, but kid must be there. so done one, one more to go.

got some as1m and asw today, i think whoever tries nowadays high chance can get.

It just shocks me how gullible people can be. If only these people understood how unit trust works and stop listening to rumours, they might be able to avoid making such stupid mistakes that some are making right now