I made withdrawal from Public Bank FD and went to buy Amanah Saham Malaysia at Maybank branch on Dec 1 2008, Monday. The branch looked like a fish market as more and more people come in by the minute. Hehe…Malaysian Behavior!!! Since I already got an opened account last year, so I just take a number and wait instead of queuing up.
The only thing that I felt unfair is there might have someone who has relationship with the bank officer able to buy even before the bank opening.
Where To Grab The Fund?
iv) Post Offices
The minimum investment amount for ASM and ASW 2020 is 100 unit which equivalent to MYR 100 whereas Public Mutual require at least MYR 1,000 for unit trust investment. And the fund’s financial year-end is fixed on March 31 of every year.
This investment fund gives assurance to people who are already retired and semi-retiring senior citizens. I truly encourage people who are looking for capital guaranteed to invest into ASM. Well, this is the only unit trust fund that can give you pretty good dividend payout around 6-8% annually. Hence, it’s about twice better than your Bank FD rate.
Do you know how often they launch Amanah Saham Malaysia? Based on my personal experience, it is only launched once per year. And it is not possible to buy on the normal days even if someone could have cashed out the units.
How If You Lost Your Passbook
The only thing that you can do is try to get a new passbook, thus you need to get a form from the ASM agent, fill it up and pay the stamping fees of MYR10.
Past Performance of ASM & ASW 2020
Last year the dividend rate for ASM is 7.8% whereas ASW 2020 is 7%. And, it is 0.8% lower than ASM, but next year both dividends should be less than that due to bad prediction on Malaysia share market condition.
Based on the past few years statistic, it seems like the maximum dividend rate is 8%.
Amanah Saham Malaysia (ASM) Dividend Payout
Amanah Saham Wawasan 2020 (ASW 2020) Dividend Payout