Starting 1 August 2023, the maximum amount that an investor can put into Amanah Saham Malaysia (ASM) is RM 300,000.
Dividend history
The latest dividend rate of this fixed price fund is 4.5%. For its previous dividends, you may refer here.
No limit after 31 October 2023
After 31 October 2023, there will be no restriction on the maximum investment amount, but subject to the unit availability at the time of investment.
To invest or not?
It depends on you yourself. This fixed price fund is quite safe and the dividend rate is acceptable. Going forward, I think it will be able to provide at least 4% dividend yield, given the high interest environment now. However, if Bank Negara reduces the overnight policy rate, the dividend might decrease. Nonetheless, after 31 October 2023, we might need to wait for the chance to top up after the quota is used up.
I am treating this fixed price fund as my emergency fund. However, the withdrawal takes at least 1 – 2 working days, so I have also prepared other liquid fund for urgent situations.
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Disclaimer: This article is for informational purposes only. It is not a recommendation to buy or to sell financial instruments nor an offer to buy or sell financial instruments.
