Amanah Saham 1Malaysia Confusion!!

Posted by Kris | Friday, August 07, 2009 | , | 5 comments »

Woot!! Amanah Saham 1Malaysia is the top google search word in Malaysia!!!

TO BUY OR NOT TO BUY - That is the question lingering on the mind of potential investors.

A lot of my "1st timer" friends that wanted to buy Amanah Saham 1Malaysia are either very confused or scared to buy it because of the rumor that is not capital guaranteed and the 1% service charge.

After reading some blogs and using some common sense minus the enormous fear factor. Below are my opinion:

1. Most funds under ASNB is not capital guaranteed per se but it a fixed price fund. Meaning you buy RM1 you sell RM1. The price does not fluctuate. BUT...there is always a but, the dividend may vary from year to year. Thus, if the return is less that fixed deposit, you lose out the opportunity cost to get higher yield elsewhere.

2. The 1% service charge is only after the offer period and it depends on the discretion of the fund manager. Basically, this is a cover you ASS clause, if the administration costs starts to become too high for the participating banks in the future. According to my sources in the industry, the banks earn peanuts serving/spending their own resources to horde of queueing customers.

3. Since this is a government issued and backed investment, it is relatively safe. Low risk because if one day (touch wood) the government collapsed, do you think you have the chance even to withdraw your Fixed deposits in the local bank!!

Fear and confusion is a good thing so that the queue is so short that if you want to buy , you don't need to queue for a long time :P

Since Amanah Saham 1Malaysia is a new thing, it is natural that people are suspicious about it. Heck , no one ever bothered checking out Amanah Saham Malaysia or Amanah Saham Wawasan 2020's prospectus. They were snapped out like hot cakes , fresh from the oven. Typical human nature in the works.

So the decision is up to you all, readers.


  1. ChampDog // 9:31 PM  

    Top Google search in Malaysia? Then, you must be getting a lot of traffic. :)

    Yupe, I think it is good to invest too. Is there a fund that capital guaranteed? I think no right?

    Hot cakes always nicer?

  2. Kris // 4:08 PM  

    Sadly higher traffic does not mean higher income, unless readers like you support me :P

    Yes, there is a capital guaranteed fund from the government.

    See here.5% per annum for 3 years. And the your capital is liquid should you want to cash out. There should be a part 2 of it.See detail below.

  3. kampunginvestor // 6:20 PM  

    I couldn't care less about this Amanah Saham 1Malaysia. I did made a posting about it on my blog but nonetheless, i am not putting a single penny on this fund.

    Hell knows what they are doing with our money. I would rather invest myself. If my investment don't work, at least i blame on my own skills rather then i don't know what's happening to my money.

    Just my 2 cents!

  4. Kris // 11:45 PM  

    Kampunginvestor, i believe everyone has their own right to their own opinion.

    One man's food is another man's poison. =)

  5. Kris // 11:45 PM  

    Thus, i respect everyone's opinion :)