That's right. The lowest amount of the month will will be used for dividend calculation
That's why some people only topup on end of the month or early of the month to maximise dividend calculations.
In the mean time, they Park the money elsewhere.

This post has been edited by Ramjade: Jun 2 2016, 06:13 PM

y 1st june is counted? so strange....

Because any topup after 1/6 won't be counted. (the lowest amount of the month will be used to calculate dividend)

Eg 1.
You have rm10k as of 1/6. You topup Rm2k on 1/6. Lowest amount for that month will be rm12k

Eg 2.
You have rm10k as of 1/6. You topup Rm2k on 2/6. Lowest amount for that month will be rm10k

Eg 3.
You have rm10k as of 1/6. You withdraw Rm2k on 29/6. Lowest amount for that month will be rm8k. Your rm10k before that not counted as it's not the lowest amount of the month.

This post has been edited by Ramjade: Jun 2 2016, 06:20 PM

the cut off date is end of business 1st of the month? so strange....

Check the eg I give you. Much clearer.

my wild guess is because dividend is credited on 1st after financial year.
so to keep 1year dividend counted, so ASNB count 1st too.

if not, unitholders will lose 1 mth dividend if 1st not counted

All eggs in one basket?

For now yes.

Not risky? All fund without PIDM Protection, not worried?

PIDM only cover up to 250k only ya

Nope. Cause bursa will need to suffer first before anything happen. Besides "invisible hands" at work also help.

250k per account x no of accounts (Islamic, conventional, individual, joint) x no of banks

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remember reading that PIDM cannot cover all accounts. they don't have the financials to pay all account.

they actually can cover 1k+ accounts only (if based on max 250k)

try searching in lyn, I read somewhere of the thread, donno which one

What is the transaction charge for top up online?

rm1.06 regardless successful or failed to get units

Asx return is higher than bank HL interest.

Just thar when i wan shorten the loan tenure, i park some cash in the loan acc. D loan interest is high and take longer time to fully settle the house loan.

I thought bank loans are usually around 4++ only?

Yes. When the loan tenure is long and loan amt is big, the interest portion is quite costly too. Haizzz...

But the additional gain in interest will more than make up for the loan interest...