Many here recommends opening account in ASNB branch but the most important thing is still the staff serving you. Just sharing my relative's experience here. Recently, she tried opening the fixed price funds for non-bumi. As expected, many staff from the banks were unwilling to open the account for her. All the usual excuses were given like the fund is no longer open for subscription, must wait until ASNB opens new fund, only existing account-holders can topup, agents cannot open new account etc.

The surprising thing is even ASNB branch staff gave some of the same crappy excuses. She went there 3 times. 1st time, she was told the fund is no longer open for subscription. She told the staff she just wanted to open the account with 100 units so asked her to check for her. The staff went to the counter to check & told her no units available so cannot open account. When she went there a second time, the staff did not bother to check with the counter at all & just told her no units. On her third visit, she was told cannot open account anymore. Only those with passbook can try to topup. This is despite the fact that my relative showed her that she managed to open a new account in an agent bank just a few weeks ago. The staff just pretended not to see and ignored her.

She finally managed to open the accounts in Affin & CIMB. Initially the staff at CIMB refused to open the account for her. She went again on another day to the same branch & managed to open the account with a different staff. So, it depends on whether the staff is willing to help or not only.

I do not agree. Both FD's principal and interest are guaranteed. The principal & return of ASx are not guaranteed.


I agree.

I am not talking about PIDM here. I am talking about the interest being fixed & guaranteed by the bank meaning you will know how much you will be getting back on maturity. As for ASx, we won't know the returns until distribution is declared. This would depend on the performance of the underlying stocks. You risk getting nothing at all if the performance is really, really bad even though the chances of that happening is really low. As for the principal, it is guaranteed by the bank while ASNB does not guarantee your capital although the price is fixed at RM1. So, I would say it's low risk but not as low as FD's.

Are you using a smartphone / tablet to access the portal? If yes, then it is normal. If using PC, it is not. If using phone, you need to tap enter on your phone's online keyboard before you can tap on the 'hantar' button. Make sure to enable pop-ups as well in your phone. Hope it helps.

Your Eg 3 calculation is incorrect. The dividend should be calculated based on RM1000 and not RM500.

No, that is not how it is calculated. All purchases and sales are included in the calculation of the daily balance. Then take the minimum for the month. The dividend is based on the minimum balance of the month.

1/9 - Balance = 1k
2/9 - Purchase 1k, New Balance = 2k
Min. Balance = 1k

1/9 - Balance = 1k
2/9 - Purchase 1k, New Balance = 2k
3/9 - Sell 500, New Balance = 1.5k
Min. Balance = 1k

1/9 - Balance = 1k
2/9 - Sell 500, New Balance = 500
3/9 - Purchase 1k, New Balance = 1.5k
Min. Balance = 500

Your calculation is correct only if you sell first before you buy. The sequence matters as it would result in different min. balance.

Affin Hwang Select Bond Fund is not a good choice for really short-term (less than a month) funds. The price can go up & down as well in the near term and one can only get the proceeds within 10 days after selling it.

I would not say either is better than the other. They are both different. One is a fixed price fund that invests primarily in Malaysian equities while the other is a variable price bond fund that invests in Asia ex-Japan region.

There is no guarantee that the amount it goes up will be more than the amount it goes down. Anything can happen in such a short period of time. If a person can hold the fund for a longer period of time like a few years perhaps, then it would not be a problem if it goes down. Can wait for it to recover eventually. However, for someone who wants to use it in a few weeks time, then he / she might incur losses if it goes down during that time frame.

PIDM only protects bank deposits & insurance. All investments are not covered by PIDM. Even GIA & money market funds are not covered by PIDM.


Perhaps people who are afraid of PIDM not having enough money to cover all depositors' money in a bank should put their money in the smaller banks like Affin. If the bank is small, maybe PIDM can pay back all the depositors. If the bank is big like Maybank, then it would be hard for PIDM to pay back every depositor. It would be really interesting if people start to do that. Hahaha.

Changes to ASNB unit trust funds effective 1/5/2018

http://www.asnb.com.my/v3_/asnbv2_5faq_EN....nkategoritabung