Investment Tips for Amanah Saham Investments

29 November, 2017

Many investors often tend to forget about our Amanah Saham investments as it is not our main option for quick cash due to its high dividend payouts.

However, if you need cash quickly, you will be very glad to know that it is actually very easy to sell your Amanah Saham investments without incurring any penalties. This, in fact, makes it a better investment compared to Term Deposits. Learn more on how and where you can redeem your Amanah Saham units below.

Where Can I Redeem My Amanah Saham Investments?

Redemption or selling back of units for cash can be done at any any ASNB offices or agents namely Maybank Berhad, CIMB Bank Berhad, RHB Bank Berhad, and Pos Malaysia Berhad.

How Do I Sell My Amanah Saham Units?

Simply bring your investment book with you and fill out the necessary withdrawal form. Some funds are priced at Net Asset Value (NAV) which may fluctuate over time, similar to a share price. However, others are priced at a flat rate of RM1 so you do not incur any losses from your purchase price during redemption. A comprehensive list of funds available and prices are available in the Top Guide To Investing In Amanah Saham Funds.

Are There Any Penalties or Charges For Redemption?

No charges or penalties will be imposed unlike a term deposit where the interest will be forfeited if you uplift before the maturity period. However, be reminded that you will no longer be paid dividends on the portion you have redeemed.

Is There Any Cooling Off Period Before I Can Redeem?

No, there is no cooling off period.

So, if you are looking for a flexible investment that offers relatively good dividend payouts and allow easy redemption for cash, do consider investing in the Amanah Saham funds when they are available. More information can be found at the Amanah Saham website (source).

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