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The Futurizts Profile picture
@TheFuturizts
May 2 • 13 tweets • 5 min read Twitter logo Read on Twitter
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Amanah Saham Malaysia (ASM) has recently increased its fund size by RM5 billion.

The investment is open to ALL investors on a first come first serve basis.

Here’s a breakdown of everything you need to know about ASNB. 🧵 Image
1. Amanah Saham Nasional Berhad (ASNB) is a unit trust company established in 1979.

There are currently 16 types of funds offered, each with a varying degree of risk.

For today’s purposes, we’ll focus on the ones with the lowest risk - ASB and ASM. Image
2. ASB and ASM are fixed-price funds that are always sold at RM1 per unit.

This means that you can plan your investments without worrying about market volatility or price swings.
3. ASB and ASM both pay decent dividends.

The payout averaged 6.92% and 5.68% in the past 11 years for ASB and ASM, respectively.

During the height of the pandemic in 2020, both funds managed to deliver dividends above 4%. Image
4. ASB and ASM dividends are not taxable!

There are also no sales charge or upfront costs when you start investing, unlike other ASNB funds, which charge up to 5%.
5. Redeem anytime, instantly.

You can withdraw up to 2,000 units (or RM2,000) from ASB or ASM every month through the myASNB app online.

For bigger amounts, you can do so at an ASNB branch. Image
6. What are the risks?

• Returns are not guaranteed. ASB and ASM dividends fluctuate based on market conditions and interest rates.

• All funds by ASNB are not insured by PIDM.
7. How do I register?

i. Download the myASNB app and enter your personal details.

ii. Take a photo of your IC and be ready to take videos/selfies for verification.

iii. Setup your username and password.

*It took us only 10 minutes to register and get approved. Image
8. Additional things to note:

When you login for the first time, ASNB will request you to complete a one-time risk assessment.

After that, you’ll be prompted to make an initial investment of RM10 via FPX. Image
Thanks for reading till the end!

We hope this thread was helpful to you.

Follow us @TheFuturizts to stay updated on the latest market movers and financial matters.

Subscribe to our weekly newsletter for free:
thefuturizts.beehiiv.com
Further readings and sources:

i. ASNB:
asnb.com.my/onlineredempti….

ii. MisterLeaf:
misterleaf.com/11708/amanah-s…

iii. NoMoneyLah:
nomoneylah.com/2022/01/23/int…
You may also be interested in:
More things to note about ASM:

Link:
asnb.com.my/img/banner/202… Image

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More from @TheFuturizts

The Futurizts Profile picture
Apr 14
The ringgit is currently trading at 4.391 against the dollar.

It is up by over 3% in the past 35 days from a 4-month low of 4.529.

Here’s why this is happening. 🧵 Image
1. The biggest reason for the ringgit’s strength comes from the downtrend in the dollar.

The Dollar Index (DXY), which compares USD to a basket of other currencies such as euro, yen, and yuan, shows that the dollar has declined significantly since its peak in September. Image
2. Why is the dollar weakening?

Released on Apr 12, the latest US inflation data came in at 5.0%, well below forecasts of 5.2%.

The declining pace of inflation is a signal for the Fed to adopt a more lenient monetary policy, which is bad for the dollar and good for the ringgit. Image: Watcher Guru
Read 11 tweets
The Futurizts Profile picture
Apr 12
1. The voluntary contribution limit for the Employees Provident Fund (EPF) will be raised from RM60,000 to RM100,000 per annum, according to PM Anwar Ibrahim.

The date for the implementation will be announced soon, he said. Image
2. Anwar explained that 55 y/o retirees must have at least RM240,000 to cover their expenses for 20 years.

He hopes that the voluntary contributions, apart from the mandatory 11% employee contribution, will help to ensure that citizens have sufficient retirement savings.
3. Anwar said that the tax relief of RM3,000 for life insurance premiums will be expanded to cover voluntary EPF contributions from YA 2023.

This is to encourage members to save for retirement.
Read 7 tweets
The Futurizts Profile picture
Apr 3
Best Fixed Deposit Rates (Apr 2023 edition):

- Affin: 4.25% pa, 12 months, min RM10,000

- Alliance: 4.20% pa, 12 months, min RM1,000

- RHB: 4.10% pa, 6 months, min RM5,000

- CIMB: 4.05% pa, 12 months, min RM1,000

- Public Bank: 4.05% pa, 12 months, min 5,000

Links 👇
1) Affin Bank eFixed Deposit/eTerm Deposit-i Campaign (ends 30 Apr):

Minimum Deposit: RM10,000
Yield: 4.25% pa
Tenure: 12 months

Link:
affinalways.com/en/promotions/…
2) Alliance Bank Dash4Cash eFD Campaign (ends 30 Jun):

Minimum Deposit: RM1,000
Yield: 4.20% pa
Tenure: 12 months

Link:
alliancebank.com.my/promotions/ban…
Read 8 tweets
The Futurizts Profile picture
Apr 3
PTPTN is offering a 20% discount to borrowers who repay their debts in full and a deferral for those earning RM1,800 and below per month.

Announced in Budget 2023, the discount period will last until May 31.

More details. 🧵
1. If you repay your debts in full by May 31, you will receive a 20% reduction.

For instance, if you borrowed RM30,000, you would only need to pay RM24,000.

Before making any payments, be sure to obtain a Loan Balance Confirmation Letter from PTPTN:
ptptn.gov.my/PengesahanBaki…
2. Next, borrowers who pay back at least half of their debts will enjoy a 15% discount.

Similarly, you will need to obtain a confirmation letter from PTPTN to see the exact amount you need to pay.

The discount will be imposed on the remaining balance after payment.
Read 8 tweets
The Futurizts Profile picture
Mar 31
The dollar is America’s superpower.

It gives the US unrivaled economic and political control over the world due to its status as the world’s reserve currency.

But the dollar’s reign is soon coming to an end.

This is the story of its epic rise and inevitable downfall. 🧵 Image: Tom Stoddart/Getty Images
1. Let's travel back to the year 1915.

The world was in chaos due to the First World War.

The United States, however, remained neutral during the early stages and traded munitions, food, and necessities to Europe and other warring nations for gold.
2. Similarly, during the WWII in 1939, the US emerged as the primary supplier of weapons and goods to the Allies.

These two wars, when combined, significantly displaced other global powers such as Britain and Europe, resulting in the US becoming the largest holder of gold.
Read 22 tweets
The Futurizts Profile picture
Mar 30
1. China and Brazil have agreed to ditch the US dollar and trade in their own currencies, the Brazilian government announced on Wednesday.

This move marks the significant shift away from the dollar as nations look for alternatives to reduce their dependence on the United States.
2. The deal will enable both nations to use the Chinese yuan and Brazilian reais interchangeably for financial transactions instead of going through the dollar.

To date, China is Brazil’s largest trading partner, recording a whopping $150.5 billion in bilateral trade last year.
3. The deal is but one of many between China and other nations as Beijing picks up the pace in de-dollarization.

Similar agreements have been struck with Russia, Pakistan, India, and several other countries.
Read 5 tweets

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