Not the branch that I go

Guess affin bank still the best

Never heard anyone top up in rhb/ambank/bsn?

In asnb website at least, although I can only confirm that alliance bank only have VP product.

Ambank and bsn not sure

Oo my experience is that get the forms required to fill up, if no unit then I keep the form.

Having said that holding the form cycle through cimb and pos office once, then only land on affin when they say asm got unit, then only pass them the form to proceed everything

i got mine from cimb, but no chop on it

But mine is the orange form, when I register at affin, they do need the four forms as well but they help me complete the forms since I completed the form I hold with my info inside

And for the record they didnt register the passbook to us unless there is unit for the fund.

guess I was lucky to have the registration smooth af

for cimb, islamic savings account, be it bsa wadiah or other islamic account, as long as it belongs to cimb islamic, do not have the feature to top up asnb fund via cimbclicks

I am also in that situation

Dont know why they wont allow, is it because fixed price funds are not shariah compliant? just saying

This post has been edited by AIYH: Oct 6 2016, 11:32 AM

Seeing how fierce the competition is in grabbing these units.

If we can see the amount of units available in real time, I hope the system won't crash for such huge traffic

Caj jualan is sales charge, which is the charges that is commonly found when purchasing unit trust, the point when you invest in the fund.

Besides sales charge, there might be a repurchase charge in the future.


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actually the dividend is calculated based on monthly minimum balance.

Your calculation for dividend is correct

And no, you will get the pro rated dividend as long as you dont withdraw everything from the fund

This post has been edited by AIYH: Oct 6 2016, 05:25 PM

ASNB Labur Online T&C

Who wants to try some luck for this?

Small fry amount but better than nothing

EDIT: this is a recycled campaign, I only realized on this but still something to try again

This post has been edited by AIYH: Oct 7 2016, 11:29 PM


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ASNB does not have the practice in providing english t&c

oh my, thank you very much

My bad, because I never switch to the english version of the website to access the T&C

But the previous twitter campaign do not have english T&C

This post has been edited by AIYH: Oct 8 2016, 02:42 PM

Fund Super Mart (FSM) is an online platform that serves as an agent to many fund houses' unit trust fund investment.

FSM Malaysia Official Site

FSM @ Lowyat Forum

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

This post has been edited by AIYH: Oct 13 2016, 11:12 PM

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

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

This post has been edited by AIYH: Oct 14 2016, 01:10 AM

Of course, I am comparing between eGIA and Asx FP, UT liquidity confirm lose 9 roads compared to either of them

This post has been edited by AIYH: Oct 14 2016, 01:20 AM

Hmmm.........

Forgive me for having such a long conversational explanation

Just a recent graduate style of talking to prevent miscommunication

Yes

Never have a mortgage before, but roughly understanding its feature, depends on your priority.

If you want to be debt free as soon as possible, dump all into full flexi loan account can reduce your interest charged and overall loan amount. In case anything happen that affect your income, you won't need to pay back as much. Liquidity should be about he same as Asx FP and eGIA..

But if you want to take advantage of return, i suggest don't depend only on Asx FP, understand more about other investment options and diversify it to achieve potentially higher return However it will not be as liquid, so make sure you know what you are doing

This post has been edited by AIYH: Oct 14 2016, 07:37 AM

Case Study:

You interested to invest in Fund A.

Currently Fund A having NAV @ RM0.50

Assume the fund does not have sales charge (for simplicity )

You decide to invest RM 1,000.00 into it, which grants you 2000 unit.

One year later, the NAV is @ RM0.60, with your unit holding, your current fund value is RM 1,200.00, 20% return (again, imgainary )

Scenario 1:
The fund manager decided to declare distribution of 5 sen per unit (arbitrary), which in turn, you current holding will entitled you RM 100.00, and right after the distribution, the NAV dropped to RM 0.55 due to distribution.

Choice 1:
So, if you decide to cash out the dividend, you will get RM 100.00 in cash/cheque.
Your unit holding will still be 2000 unit, however now NAV @ RM0.55, so you fund value is RM 1,100.00
Fund RM 1,100 + Cash RM 100 = RM1,200

Choice 2:
If you instead opt for reinvestment (which is the default option for most UT in Malaysia), your RM 100 will be reinvested @ NAV RM 0.55, which granted you 181.82 unit (rounding), so your holding will have 2181.82 unit.
Your fund value = 2181.82 unit * NAV @ Rm 0.55 = RM 1,200.00

Scenario 2:
The fund manager decided not to declare distribution and everything BAU (business as usual), NAV remained @ RM 0.60

Another year later, the fund has a return of 10% for that year (again, imgainary ), assume no distribution occur yet.

Scenario 1 Choice 1:
NAV rose to RM 0.55 * 1.1 = RM 0.605
You will have fund value of 2000 unit * NAV @ RM 0.605 = RM 1,210.00
Along with the cash distribution of RM 100 you have last year (assumed you didnt touch it or you spend it)
Total value = Fund value RM 1,210.00 + RM 100 = RM 1,310.00

Scenario 1 Choice 2:
NAV rose to RM 0.55 * 1.1 = RM 0.605
You will have fund value of 2181.82 unit * NAV @ RM 0.605 = RM 1,320.00
Total value = Fund value = RM 1,320.00

Scenario 2:
NAV rose to RM 0.60 * 1.1 = RM 0.66
You will have fund value of 2000 unit * NAV @ RM 0.66 = RM 1,320.00
Total value = Fund value = RM 1,320.00


As you can see, Scenario 1 Choice 2 and Scenario 2 showed that distribution is irrelevant as they will result in the same value whether regardless of distribution.

However, Scenario 1 Choice 1 showed that if you do not utilize the RM 100 by reinvestment or other better investment, you will end up losing compared to reinvestment choice

The problem is quite some UT agents intentionally/unintentionally decided to use dividend (distribution) as the means of describing the performance of the fund to misleads customers, who they thought the meaning of dividend in UT is the same as stocks and reits, which is not