Don't worry...
1k can achieve with 3 funds instead of 1...
Because I done before...

U needed to be smart too.. I mean if u see members reporting units availability.. then shift focus to the fund temporarily first..

oh yeah, if split into fractions of 1k, even easier. it's just that your HIStory will be filled with a lot of transactions. shouldn't matter though - once he's comfortable in getting bigger units, then only go for it.

This post has been edited by beLIEve: Jul 12 2019, 10:48 AM

I finally put some efforts to read the Prospectus after blindly buying all the ASM* funds

Apparently, only ASM2 still have racial quota. ASM1 and ASM3 no racial quota. The additional Indian-reserved units is simply additional units that can be re-sold by the Indians to any race.

Perhaps those quotas were for the initial launch.

These Prospectus are dated 2017+.

Edit : Forgotten to add these from the 4th Supplementary Prospectus :
● ASB
● ASM 2 Wawasan
● ASM
● ASB 3 Didik
There is no sales charge imposed when you purchase Units.

● ASM 3
● ASB 2
The sales charge of up to 1% of the invested amount may be imposed by the
Manager at its absolute discretion. Currently, the Manager does not impose any
sales charge.

This post has been edited by beLIEve: Jul 12 2019, 12:36 PM

Ooh interesting information...
So finally asnb remove the quota for AS1M @ ASM3.. they said for 1 year till 2010 only... Then keep extending... Now no more quota 👍

i didn't know it was repeatedly extended. but either way, you can verify the Master Prospectus under "Fund Allocation". The First Supplementary also has info on eligibility but they look the same at a quick glance.

Eligibility != racial allocation.

Ain't have time to read all those long statement....
As long they give dividends & don't lose my $$ like TH or Felda... I'm fine with it... Beggers cannot be choosy 😑😒

Only thing I want to know is the SC extension for NAV true value.....

This post has been edited by nexona88: Jul 12 2019, 12:48 PM

ok loh. thought can have 2nd set of eyes in case I missed something important.

Winning or Losing also in the disclaimer whenever you buy from portal.

Hehehehe...
Chill... Later I check it out...
This weekend if possible....

because the pro-rated dividend is calculated based on the lowest units you have each month. If they sell on 1st, they get dividend for the entire previous month. if they sell on 30th of the month, they lose entire month's dividend.

So, if I wait and bought 1st August, I can have bigger chance tembak some units?

yes. but if you have the time now, why wait?

What’s this ASM3 sales charge?
1% charge when buy or sell unit? Although haven’t start to impose yet.

I think it's when you buy, same like those VP funds. They didn't charge me anything when I sold my VP fund.

Not that much, I'm working now, can't captcha for long and I'm running out of cash for expenses, so when next month salary out then I'll try again.

Yes. It's SC just like VP fund 3.5% or 5%. But it's way lower...
Been there's since day 1 but keep delay.. already 10 years 🤣🤭
So for now 0% SC

Please plan your investment wisely. Keep some cash on hand, and prepare for the unexpected.
I learned that in hard way.

Newbie here and need sifu here to enlighten my below question.

If I do not put a nominee for my ASM account but I do have a will which indicate all my investment will be inherit by my next kin. Can the will applies to my ASM account and distribute to my next kin?

Thanks!

Yes..if u have indicated ASNB account number in your Will..then no need ASNB Pengisytiharan Amanah.

Other members..pls correct me if I'm wrong.

Can, however take note on the total time taken for the whole process:

Also via will is a cash redemption whereas nomination can opt for transfer or cash redemption

Thank you to all sifu for the helpful info 😊