I think it has just been pinned?

A quick noobie question, is ASX dividen prorated? As we know AS1M mature every end of September, if let's say I made topup on March, the dividen for the topup 1 will be prorated?

definitely

Ah okay... so it will be calculated in terms of days as well?

I don't think so

lowest balance of the month

Not calculated everyday. If you topup interest on 1st, that interest will be calculated inside. If topup on 2nd, no interest.
If topup on 30/31, you will get interest for the following month.

But I do no know whether you will get interest for that month if you do the following. Eg, Deposit rm1k on 1st, withdraw on the 2nd and then deposit again on the 30/31 to to get interest for the next month. Do not know whether such thing will be given interest. If yes, effective rates can be more than what they give.

So if yes, withdraw out on 2nd and dump into Ambank Truesavers and ibg out to casa on 29. Go to bank on 30 and redeposit via contra. Anyone can clarify if the way I mentioned will still be given dividend for that month?

If lowest level, then the above way won't work to earn more interest.

This post has been edited by Ramjade: Sep 16 2015, 10:30 PM

as mentioned, it will be calculated based on the lowest balance of the month. for example:

on the 1st, total balance = xyz + rm1k
on the 2nd, total balance = xyz (after you withdraw)
on the 30th, total balance = xyz + rm1k (after redeposit)

lowest balance of the month is still xyz

Yes, thats the branch i went to last time..

Yape, to further affirm the statement

New Balance
01.09.2015: RM10,000
15.09.2015: RM 8,000
30.09.2015 RM10,000

RM8,000 will be used as calculation for the dividend for that month as it is deemed as the lower account balance for the month..

This post has been edited by smartinvestor01: Sep 17 2015, 11:38 AM

ASNB unit trust investment promo
http://www.maybank2u.com.my/

Yeah,... I just saw it too. For ASB and AS1M, and need to invest in at least RM100 to qualify for the lucky draw. Is it really that easy to get the units now... since they said need to invest in RM100 'just like that',....

Look at this part of the disclaimer section :-

Before investing, please read and understand the content of the prospectuses. Total return on the investments may go down as well as up. Investments in the funds are exposed to fund management risk, inflation risk and purchasing power risk.

This post has been edited by Hansel: Sep 17 2015, 02:27 PM

But i believe that those clause are always included in all type of unit trusts..

Kind of a standard clause..

Anyone thinking of top-up AS1M via Maybank2u, Please be inform that the Suspension Period start at 19th (5.01pm) to 30th September 2015 (11:59pm)

p/s: yeah rm100 top up via m2u for AS1M is too easy.. some even top-up 10k also can get

Hah, i wished that i am cash rich to pump in the money..

But the problem is I might even need to withdraw as i need some cash at the moment.. ^^

that's why ASx for.. when in need of $$ (after CASA not enuf), we can withdraw to use it

Yape, fortunately it is high liquidity compared to the other unit trusts..

For that, i am really happy.. at least finances become more easier to manage..

ASNB's funds unique on-the-spot redemption honoring is really something you can't find anywhere else in the world never mind Malaysia. How they manage the portfolio while adhering to the investment mandate, managing risks and ensuring enough liquidity to honor redemption is a trade secret that I'm sure many would like to know.

You could say that on-the-spot redemption is one of their product differentiation

However, this time round, these clauses have become very relevant, which,... in the earlier days, were always ignored due to the great returns offered.

Liquidity at RM1 per unit is, by no doubt,....a great characteristic of the ASX funds.

Are there any overseas fund which is fix price? You have been investing a long time overseas, I am sure you could share your experience whether such fund exist or not.

16k asw in 1 shot, a lot more available

Offhand, I can't think of any. Let me digest your question further, and will reply with something closer to the FP funds...