ASNB

Buy New Fund

1. How can I buy new ASNB funds?
You can buy new ASNB funds by going to AmOnline App > tap "Account" from bottom menu > swipe to the left and tap "Investment" > tap on the ASNB account you want to buy new fund > Select "Buy New Fund".
2. What is the minimum or maximum transaction amount?

The minimum amount is RM10.00 and the maximum amount will be depending on

  • funds eligible maximum subscription limit (ASB & ASB2).
  • fund units offered by ASNB.
  • preferred maximum limit set in AmOnline, under Settings > Transaction Limit.

Please note that you need to serve cooling-off period if you increase your transaction limit. Refer to “Transaction Limit” FAQ for more details.

3. Can I buy a new ASNB fund for third party ASNB account in AmOnline?
No, you cannot buy new ASNB fund for third party ASNB account. You can only buy new funds for own ASNB.
4. How long will it take for ASNB to process my transaction through AmOnline?
For Fixed Price Funds, it is immediate. For Variable Forward Price Funds, it will be processed within two (2) business days.
5. Can I perform ASNB transactions anytime in AmOnline?

ASNB transactions can be performed during the ASNB business operating hours as follows:

  • Fixed Price Funds – 4.00 AM to 9.00 PM daily*
  • Variable Forward Price Funds – 4.00 AM to 9.00 PM daily*

* Inclusive Saturday, and National and Federal Public Holidays.

Variable Forward Price Funds which the fund has foreign exposure, The number of units received is determined by the price per unit of respective funds which will be available within two (2) business days (transactions before 04.00 PM) or up to 3 business days (transactions after 04.00 PM).

Transaction will not be available during fund suspension period (e.g. due to income distribution of fund).

6. Are there any charges or fees for each successful transaction?

Yes, there are. Fees / Charges as follow:

  • Fixed Price Funds – Bank’s Service Charge of RM 1.00 per successful subscription.
  • Variable Forward Price Funds – ASNB’s Sales Charge.

Note:  

  1. Bank’s Service Charge subjected to Tax as may imposed by the government or other authorities (if any) from time to time. 

  2. You may refer to ASNB website (www.asnb.com.my) for more details of the Sales Charge. 

 

 

7. Who should I refer to for further information on ASNB fund?
You may refer to ASNB website (www.asnb.com.my) OR you contact ASNB Customer Service at 03 – 7730 8899 for assistance.
8. Is there any possibility that my transaction can’t be processed?

Your transaction may be rejected by ASNB due to the following reasons:

  • Total investment amount has reached the maximum individual limit (ASB & ASB2).
  • The fund units have been fully subscribed.
  • Specific account status.

Refer to ASNB website for more details of the Sales Charge.

9. My transaction was unsuccessful, but the balance in my account has been deducted. What should I do?
If the fund has been deducted from your current or savings account/-i while the transaction was unsuccessful, you will be refunded by the end of day. You may check your account balance the next day.
10. Is my ASNB investment protected by Perbadanan Insurans Deposit Malaysia (“PIDM”)?
No, ASNB investment is not protected by PIDM.

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