Dear all, I'm starting to read this thread, now at Page 22

Went to Maybank branch last Friday to ask how to open accounts for ASW, ASM, AS1M.. Staff informed me they cannot open account because they cannot see if there is any fund available. Advised me to open at PNB branch because they know real time of fund availability. Maybank staff then informed me that once I have an account, I can top up fund OTC as they can check whether there is any fund available. I konfius, why now can see when if there is any fund available when to open account they cannot see the funds availability.

Went to post office, told the same thing, advised to go to PNB office to open account.

Call up PNB office, was told no fund available and there are two person waiting to open account there (in other words, don't waste your time coming here)

A few questions which I hope experts here can clarify:
1. Does it mean that I have to camp at PNB office to open account, before I can do the topping up at agents? This is a problem due risk of holding too much cash as I won't know how much fund is available on that day.

2. Can I view availability of fund if I link my newly opened account to M2U and buy online? The MBB staff told me can sell online, but to top up I must do it OTC.

3. Was told by Maybank, I need to open separate accounts for ASW, ASM, AS1M. True?

Thank you for your answer. I reckon that if I bring RM2000 to the PNB branch, I should buy use it all to buy whatever units are available, as they might not be available once I get home to go online, correct?

By the way, to top up account means to buy units, correct? It's not like those stock broker platform where we park our money there to use it to pay for our shares when we buy them later, right?

1. Thank you for your reply. I approached MBB information counter to inform them I wanted to open account for ASx. Was told "cannot open account as can only open account when I buy units, and they (MBB) don't know if there are any units in the market". Straightaway suggested I go to PNB.
Post office also told me the same thing "cannot see available units in the market", asked me to try banks or PNB office.
I will go on Mon or Tue to open account at PNB office as you suggested.

2. After opening account, do we have access to Myasnb by default, and payment is by internet banking? I thought it can be done in M2U after I googled and got directed at M2U page.
Edit: just remembered what you wrote about the RM1.06 by MBB regardless of success or failure.

Once again, thank you both for your time and explanation. Much appreciated. Meanwhile, I shall continue reading this thread.

This post has been edited by mushigen: Aug 27 2017, 11:35 AM

Unfortunately, both banks you suggested are not convenient to me. Just wondering how come MBB told me the opposite about buying OTC, selling online

Learned more here than the two visits to MBB and Pos Malaysia. Thank you so much.

I am thinking of trying the next two days and 4-5 Sept as per your suggestion. Learned from this thread people tend to sell their units before long holiday period and after dividend is declared (as in the case of ASW).

It's all thanks to experienced investors like you and the rest who are willing to share the knowledge here.

Hi Ramjade, thank you for your clear explanation. Much appreciated.

I suppose they really are not interested in selling ASx, or they are not well-trained.

I was still chasing after FD promo but I realised my money could be made to work harder without having me running to banks to do OTC FD deposits. I keep procrastinating going to the bank to chase promo FD, hence some money is parked in MBB GIA account earning peanuts (and now they are doing away with daily interest). I even have some eFD (6-month) earning a paltry 3.05% simply because it could be topped up online.
In addition, none of my FD interest can match what ASx are offering.

Went to PNB office today to open my account, managed to buy RM100 worth of ASM and AS1M each.
Registered at myasn and managed to buy some more units.
Should have proceeded to register at PNB office last Friday as advised here, as ASW is frozen from 26/8 till next Monday. Will have to go again.

Thank you all for our advise and help. Further questions (I've read until page 40 of this thread, so have not come across the answers). Thank you in advance:

1. Since my money meant for ASx is limited, does it make any difference if I just dump all the money into AS1M and ASM, and forget about opening account for ASW? After all, if I buy ASW, I am left with less money to buy AS1M/ASM.

2. Now that I have an account with PNB for ASM and AS1M, can I go to the agents to try to buy ASW which I haven't bought at all?

3. Between the 3 funds, which is the one you guys are more keen on investing, and why? All I know so far is the different dividend payment dates for the 3 funds.

Thank you for sharing.

I was able to top up AS1M before 2pm today.

Trying to buy AS1M now, RM100 per effort habuk pun don't have.

Hi all, queries on the dividend calculation. I googled and understand that the minimum amount for the month is taken into account.

1. I intend to open account for ASW next week, say 5th Sept, possibly only getting RM100 by default at PNB office.
Now, if I can only top up the account on 6th Sept, does that mean my dividend calculated for Sept would be based on RM100 balance? Does it matter if I manage to top up the account to say, RM20k, by 30 Sept?

2. If my balance for ASM and AS1M is say, RM10k each on 31/8/2017, which will carry over to 1/9/2017, does it mean my dividend for these accounts will be based on RM10k regardless of how much I top them up in Sept?

Thank you very much for your clear reply.

Thanks to the explanation given in this thread, I now know how the dividend is calculated.
That was why I kept trying to top up my asm and as1m during my balik kampung drive on Wed 30/8 - while resting at R&R. And managed to top up RM1k too.

If topping up online requires multiple attempts and can cause some frustration, I can imagine the hassle you guys have faced trying to top up otc. I guess late starters like me can consider this as consolation, lol.


Learned another new thing today. Thanks a lot. What if the balance is less than RM100 but > zero?

Bought some today. Seems very easy to get.

SRS superior? If you are a foreigner, you may want to find out how much you are taxed upon withdrawal.

At PNB branch now to buy my first RM100 ASW. Saw steady stream of customers holding red form. Good news for me.

Dear All,
May I know if the dividend is compounded monthly? Example, if I keep RM1000 for one whole year until dividend is declared, will the dividend be calculated based on RM1000 per month for 12 months, or compounded from month 2 onward?

Thank you for your clarification. Since it is not compounded monthly, it makes sense to me to pump more fund into ASM instead of AS1M and ASW, as I get the dividend earlier for ASM (31/3) and the dividend will earn more dividend from April onwards. Is this approach correct? I'm assuming the average dividend is 6 sen across the board.

Oh, lets say I have a limited fund of say, RM10k (er, who doesn't have a limited fund) to invest in ASx now. If I buy ASM, I will earn dividend on 1/4/18. It means I will have more fund on 1/4/18 (principal + dividend earned) in my ASM account, compared to if I dump the RM10k into AS1M or ASW, or split the RM10k between AS1M/ASW.