Er. Don't know.

This post has been edited by Ramjade: Mar 26 2017, 08:33 PM

1. I think you cna check online at the web portal. Not very sure as I buy and forget.. Once a year go update book.
2. Affin/maybank/cimb/rhb/post office /asnb branches.
3. The locations mentioned above. But if you don't account, and you choose cash, withdrawal limit is RM25k/day. Withdrawal limit for post office is lower.
4. No limit. Limit is based on what's available on the market. If you use cash it's RM50k day.
5.Yes. But now with official free online platform to topup, no need to visit bank.

https://www.myasnb.com.my/

Dividend in ASG is useless

Still useless.

ASG is variable price fund. So eg give you 7% dividend, the NAV of the fund also drop by 7%. So it's the same as before and after dividend. That's how unit trust/mutual funds work.

The fixed price fund is the exception where dividend is very important as this dividend = return of the fund

This post has been edited by Ramjade: Mar 27 2017, 02:57 PM

Then you should consider kenanga growth fund instead of ASN. Only 2% service charge vs 5.5% service charge of ASN.

Didn't you just read what I post? Value of the fund before and after dividend doesn't make a difference. People sell because ASN, ASG is making money now.

Dividend of ASG/ASN3 not important. Value of the fund before and after dividend is the same.

Total ASM dividend = RM1b

Now with online portal, just click click to fish No need to rebut with those who want to withdraw.

This post has been edited by Ramjade: Mar 27 2017, 10:52 PM

Avoid at all cost.

ASM open for transaction again. Those who want to spend the dividend will withdraw and spend. When they withdraw, the units are free for anyone to grab.

ASM returns was just announced at 6%. Which means by 3/4 additional units will be added to ASM. So since there's now more unit in the person's book, some people will take out those extra units for spending.

Some take it out to celebrate, some take it out to go holiday etc. Some just leave it in place. Those who take out may/may not withdraw all. Even if they withdraw 1% out of the 6% given for spending, that 1% is up for grab.

Eg. You hold 10000 units since 1/4 last year. By 3/4 next week, you should receive 600 units making your total 10600 units =RM10600. Now you can leave it there or you can take out the 600 units. So eg you would like to buy yourself a nice dinner because you are RM600 richer, so you take out RM200 for all you eat buffet. Now when you withdraw RM200 for your buffet, 200 units will be available for anyone to buy.

So eg. I am the type who don't sell, but gobble up as much unit as possible (like most people here). I am ready to buy that 200 unit making my total 10800 unit.

Now multiply your scenario (of withdrawing the units) by 100 people, 100 x200 = 20000 units up fro grab.If I have the money, I can grab the 20000 units making my new total at 30600 units = which means I will get more money next year. Now I am not the only one who will do this. Many people are just waiting because this is usually once a year event where you can buy at ease until you are broke.

Now multiply that with 1000 people and you get 200000 units up for grab It now often you will have 200000 units up for grab just like that.

Hope you understand.

This post has been edited by Ramjade: Mar 28 2017, 01:21 PM

Yes and no. Why Yes? ASNB usually give the returns in additional units to it's customer. Hence getting bigger and bigger. Securities commission doesn't like that. So if one day securities commision said no more giving unit. ASNB have to give cheque/bank in to the unit holders.

No. Because not everybody withdraw the 6% out completely. Some don't withdraw at all. Some just take out say 0.1%. So if no one withdraw on 3/4 (unlikely), you cannot buy anything.

Could be more,could be less

Myasnb. Buy via online.

No dividend is calculated monthly. Based on the lowest amount of the month. So if you buy in Jan and Feb, you are only getting 1-2 month worth of dividend. That's also if you can snap them up on the first of the month.

Eg You have RM10k as of 1/3.
1. You topup RM1k on 1/3. No withdrawal. Dividend calculated for month of march = RM11k
2. You topup RM1k on 2/3. No withdrawal. Dividend calculated for month of march = RM10k
3. You topup RM1k on 15/3. Withdraw RM2k on 16/3. Dividend calculated for month of march = RM8k

Will do. Must have miss it. Thanks.