I think its 400k...
Not sure FP or not..

Actually KGF beats ASX FP hands down. Both invest in malaysia stock market.

ASB is never full. Or else hoohah

Kenanga growth fund. But because of all kind of issue (xmdb, china, US) KGF, is not performing at the moment. KGF is one of malaysia top performing unit trust. If you want to see the "real" performance of ASX FP,  just look at ASG and ASN3. That will give you general idea how it perform.

Of course we just have to pray that their reserves don't run out.

Yes. Like I said malaysia top fund.

Too bad, non bumi not entitled..

Good demand, almost sold out because it's shariah compliance with 6sen+ dividend yearly paid twice (3sen+). Whatever given already deduct zakat.. Unlike ASB, u needed to calculate own self..

those who purchase online be careful. i made a few transaction online few days back, and it showed approved. today, it turned rejected and refunded. i'm like what ??

Yes. Like I said malaysia top fund.

Not all VP have exit fees. Also if you buy from FSM/eunittrust, entry fees only 2%. Sometimes can get 1%/0.57%/0% besides what is 2% if you are holding for 3 years +? Unless you buy from agent then ya la. Straight up lose 5%+

Management fees is already calculated in the NAV. You won't see it. Besides experience from holding ASG, I don't see them deducting management fees (management fees is already calculated in the NAV - learn that after being told off). But for me, as long as don't see, who cares. If see only heart sick.

Again like I said there are some free funds like RHB Islamic Bond Fund. Even though you pay management fees (calculated in the NAV already), but you still get 7.x% every year. The only downside is not liquid enough for me with exit fees if don't hold for 1 year. Btw, I dont put any money in RHB islamic bond fund.

I am a cheapskate guy too. ASX FP is my FD as is liquid. I already transferred 75% of my FD into ASX FP. No point holding FD when FD rates  dropping like a rock and need to keep running to the bank every yewr. No UT in the market can offer me that acceptable return with that high liquidity. That's why I still hold despite I can get 7.x% there are ways to get UT at 0% SC (buy from eunittrust whenever they have 0% promo).

Stick with saving. Decide when new dividends announced.

How much interest do bank offer?

Yes. FSM is fund super mart.

RHB islamic bond = invest in bond which furfilled islamic priniciples. Same like maybank eGIA-i. Open to all. Islamic here is just islamic principle.

I would never buy ASG anymore again. Already diverted my ASG into ASX FP.

Not sure, you might need to ask RHB bank for their service availability.

But I believe FSM has more option as beside RHB Islamic bond, you can invest in other UT and have every fund you invested via FSM, be it Kenanga or RHB Asset Management etc... consolidated in one account

btw Ramjade I think Asx FP is not as liquid as eGIA at the moment, cos you still need to go to branches to sell the unit to get the money, unless their soon to be online platform can buy/sell from/to your bank account then ok 

Ouch, but glad to hear that I'm not the only one.

I did a similar transaction early last week, and that was successful. So I made another attempt on Friday and was initially glad that it approved, but not suddenly rejected.

Guess we just have to keep trying... 

You need to understand that dividend declared will reduce the asset of the fund, hence NAV will drop.

Since fixed price fund had their NAV fixed at RM1, performance of the fund is irrelevant, and the dividend declare will not bring down the NAV, hence the reinvested unit into your holding will increase the value of your fund

Contrast to ASNB variable price fund (ASn/ASG) and UT in general, dividend declared will bring down the NAV value by the dividend declare. Should you choose to reinvest the unit at the latest NAV, your fund value will remain the same. However, if you choose to cash out the divdend by cash/cheque, your fund value will decrease by the amount of dividend you cash out.

Hence for UT in general (except FP Asx), the fund value will be determine by the amount of unit you hold and the NAV aka return of the fund, dividend declared wont affect you fund value as a whole.

So, RHB Islamic Bond fund, being a UT, performance will be determined by the growth of the NAV. But being a fixed income UT, the fund is generally low risk, hence less volatile to achieve steadily rising performance and have an annualized return about 7% in 10 years historical performance.

Of course, past performance is not a representation for future performance, likewise for dividend declared for FP Asx, but it is a benchmark that it can deliver consistent performance. Moreover, compared to its peers, RHB islamic bond fund was proved to be the pioneer in sukuk (islamic bond) UT fund (it just shariah compliant investment, everyone can invest into it)

Should you sell your holding for RHB islamic bond fund, you will sell according to the current NAV, but I will recommend to put the amount you invested at least a year to prevent redemption charge of 1% of the amount you withdraw (if the amount you invested stay in the fund at least a year, the redemption charge is not applicable)

I will recommend the following strategy:

Highest level emergency fund : eGIA as you can uplift everyday (including weekend and PH) from 6am to 10pm
Comment : Very liquid

Medium level emergency fund : FP Asx as they gave high dividend but only can sell during working days and office hour at the moment (unless online platform change the landscape :lol)
Comment : Traditional liquid (OTC withdrawal)

Lowest level emergency fund : RHB islamic bond fund as they provide consistent higher return (historical) than Asx FP dividend, provided you can take a bit risk and can forgo the FD's PIDM capital guarantee concept.
Comment : Need few days to receive the fund, and the amount invested need to be put at least a year to avoid redemption charge

Yeah, RM1.06 charged per attempt regardless successful or not, that's the worst part of trying online.

I'm using CIMB clicks.
I dunno what is the best logical input. I know it's a difficult process since many people are trying so I might suggest to start with a small amount.

guys, what is the biggest sum u guys succesfully top up online via cimbclick?

To maintain the fund value, that is before dividend = after dividend reinvested to be exact

Regarding to Asx FP, think of it like normal saving accounts which intesrest are calculated daily and credited halfyearly, even though you withdraw some of your savings from it, as long as your account is not closed, you will still get the pro-rated interest at the time of interest crediting

Similarly, Asx dividend is calculated monthly minimum balance and credit yearly

Say for a hypothetical FP which has a dividend distribution date of 30/6/2016

From 1/7/2015, you have 3000 unit in it.

Then on 11/10/2015, you top up 1000 unit into it.

Then on 1/3/2016 you top up another 500 unit into it.

Then on 4/4/2016, you withdraw 700 unit from it.

The dividend is calculated by monthly minimum balance illustrated below:
note: X = dividend distribution yet to known until distribution date

July 2015 to September 2015 : 3000 * 3 / 12 * X

October 2015 to February 2016 : 4000 * 5 / 12 * X

March 2016 : 4500 * 1 / 12 * X

April 2016 to June 2016 : 3800 * 3 / 12 * X

Say on 30/6/2016, they declared 6 sen per unit (which is X)

As long as you still have minimum balance in the fund (much like saving account) by the distribution date, you are entitled the sum of pro-rated dividend calculated as above

This is unlike premature withdrawal of FD (more tahn 3 months) where you get the pro-rated interest upon uplift

Asx FP follows mechanism similar to saving account

CIMB the best. Why? They treat that bank like a pearl (brother of you know who mah). You get more infor on that web site. They are also testing out ASM and ASW in CIMB online. Other banks belum ada.

See ...?