ASM, ASM 2 Wawasan and ASM 3 will remain open for subscriptions at irregular intervals at 2am, 5am and 8am daily. If you are interested in buying ASNB’s fixed price funds, you may consider buying through the app during these hours.
According to the information provided by users, all 3 funds under ASNB, namely ASM, ASM 2 Wawasan and ASM 3 are open for sale from time to time at 2am, 5am and 8am. Those who are interested can buy them through myASNB APP.
It is understood that ASM, ASM 2 Wawasan and ASM 3 are all substantially open during these hours and investors can buy the number of units they wish to purchase as long as they have the financial means to do so. Simply put, if you wish to deposit RM1,000, then you can buy RM1,000 and if you wish to deposit RM10,000, then you can definitely buy RM10,000.
However, it is important to note that the funds that are open may vary from day to day, sometimes ASM is heavily open for subscription, sometimes ASM 2 Wawasan, sometimes ASM 3, and sometimes 2 or 3 funds are heavily open for subscription at the same time.
Investors who want to buy units of ASM, ASM 2 Wawasan and ASM 3 funds at other times have to try repeatedly and many times they cannot even buy 100 units. If you also encounter this situation, you may consider buying through myASNB APP during these 3 periods.
In addition, some people may think that ASNB funds are no longer in demand now that you can already find 4.50% p.a. time deposit offers. This thought may also be right, but it may also be a miss, because with the rebound of the domestic stock market, ASNB’s dividend payout in FY2023 may also increase, not ruling out a payout of more than 4.00%p.a.
*The information is for reference only and there is no investment advice.
