Gan's Finance : What's Amanah Saham 1Malaysia fund?

Amanah Saham 1(satu)Malaysia fund is the biggest fund that issued by Permodalan Nasional Bhd.(PNB). It is 10 billion. It launched by Prime Minister Datuk Seri Najib Razak on July 31. The available of the fund for sales from 5Aug - 3 Sep.

For people that are in the age of between 18-55, the maximum buy in is 50,ooo units(RM1 each). For the aged peoples, more than 55 years old, maximum holding of the fund is 100,000 units(RM1 each). The maximum will be void after the offer period.

The allocation of the fund is 50% for bumiputera, 30% chinese, 15% indian and 5% for the other minority of the groups.

It highlighted that the fund is a fixed price equity fund priced at RM1 per unit.

By the way, we will keep in view in the future about how is the return.