{"id":47676,"date":"2021-05-11T09:40:27","date_gmt":"2021-05-11T01:40:27","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=47676"},"modified":"2024-02-05T16:13:28","modified_gmt":"2024-02-05T08:13:28","slug":"invest-asb-online-maybank","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/invest-asb-online-maybank","title":{"rendered":"How To Invest In ASB Online Through Maybank (Even Without A Maybank Account!)"},"content":{"rendered":"

In partnership with<\/strong> \u00a0\"\"\u200b<\/p>\n

Raya may look a bit quieter this year. No big Raya parties to attend, huge open house gatherings to host and no road trips back to your hometown either.<\/p>\n

While this festive season may involve less travelling and no large celebrations with friends and family, there is one upside. Fewer gatherings (and less duit Raya<\/em> to give out) means saving more money and having more time to reflect on your finances. And during this economically challenging time, it\u2019s worth taking the time to strengthen your financial resilience.<\/p>\n

So what can you do with the money you\u2019ve saved this season? Besides increasing your emergency fund and donating what you can for charity, you can also prepare for your financial future. The most straightforward way to do that is to invest.<\/p>\n

A popular investment vehicle for many Malaysians is the Amanah Saham Bumiputera (ASB). Here\u2019s what you need to know about ASB, and how you can invest in it online.<\/p>\n

<\/span>What is ASB, and why should you invest in it?<\/span><\/h2>\n

ASB is a unit trust fund that is open to all Bumiputera citizens in Malaysia. Launched in 1990, it is managed by Amanah Saham Nasional Berhad (ASNB), a subsidiary of Permodalan Nasional Berhad (PNB), a government-linked investment institution.<\/p>\n

Here are a few reasons to consider it in your portfolio.<\/p>\n

a) Minimal risk investment <\/strong><\/h3>\n

If you want to grow your funds without taking too much risk, ASB could be a good choice. That\u2019s because ASB has a fixed price of RM1 per unit. This makes it less volatile than other types of investments, such as non-fixed price unit trust funds or stocks that have prices that can rise and fall.<\/p>\n

b) Decent returns<\/strong><\/h3>\n

ASB has a good track record of decent returns \u2013 it has delivered an average of 6.6% return per year in the past five years. Putting your funds in ASB can potentially grow it faster than if you leave it in a fixed deposit, which currently may only give you returns of 2% per year.<\/p>\n

Here\u2019s how ASB performed in the past five years:
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
Year<\/th>Distribution (sen)<\/th>Bonus (sen)<\/th>Total (sen)<\/th>\n<\/tr>\n<\/thead>\n
2016<\/td>6.75<\/td>0.5<\/td>7.25<\/td>\n<\/tr>\n
2017<\/td>7<\/td>0.25<\/td>7.25<\/td>\n<\/tr>\n
2018<\/td>6.5<\/td>0.5<\/td>7<\/td>\n<\/tr>\n
2019<\/td>5<\/td>0.5<\/td>5.5<\/td>\n<\/tr>\n
2020<\/td>3.5<\/td>0.75<\/td>4.25<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nSource: ASB FYE Annual Report 2020, page 6<\/a><\/u>; past performance is not a guarantee of future performance<\/em><\/p>\n

Having a steady stream of dividends every year is useful for meeting your financial goals. For instance, it could help you grow your savings for the down payment of your first home, or provide you a regular income during your retirement years.<\/p>\n

c) Convenient withdrawal<\/strong><\/h3>\n

Unlike your Employees Provident Fund (EPF) or Private Retirement Scheme (PRS) savings, there are no requirements you need to meet if you want to withdraw your ASB funds. You can withdraw your funds from an ASNB counter or Maybank branch.<\/p>\n

<\/span>What are the benefits of investing online through Maybank (even if you don\u2019t have an account)?<\/span><\/h2>\n

To invest in ASB, you could leave your home, physically visit a counter and wait in line for your turn. And don\u2019t forget to bring cash, a banker\u2019s cheque or bank draft.<\/p>\n

But why go through that hassle?<\/p>\n

If you already have an ASB account, investing additional funds is easy – you won\u2019t even have to leave your home. Maybank customers can invest online through the Maybank2u (M2U) website, the M2U app or the MAE app. Non-Maybank customers can also invest online through the MAE app.This means being able to invest anytime, anywhere, while complying with social distancing measures.<\/p>\n

Besides that, you can easily look up the balances<\/a> in your ASB account online without using an ATM. This makes it convenient to check if you are on track with your investing goals, or to see how ASB\u2019s yearly dividends are growing your funds.<\/p>\n

<\/span>Stand a chance to win up to RM1.5 million worth of prizes<\/span><\/h2>\n

 <\/p>\n

\n
\n

 <\/p>\n

\n
<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
\n
View this post on Instagram<\/div>\n<\/div>\n
<\/div>\n
\n
\n
<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n

 <\/p>\n

A post shared by Malayan Banking Berhad (@mymaybank)<\/a><\/p>\n<\/div>\n<\/blockquote>\n