ASD : Amanah Saham Didik

Amanah Saham Didik (ASD) is another product available from Permodalan Nasional Berhad (PNB).

Around mid last year (2006), I invested some of my money in Amanah Saham Didik (ASD). Around mid this year (2007), when I went back to Malaysia for my Winter Hols (Yup, we have winter in the middle of the year here in Australia), I took all my money out and invested in Public Mutual instead. Well, I did left a small sum in my ASD account. Anyway, I’ll talk about Public Mutual another time. This post is about ASD.

So, why did I get my money out from ASD? One simple reason really. The returns that I received did not fit my risk profile. I regard myself as a high-risk investor, so, a return of 6.5% (If I’m not mistaken, this was ASD’s rate of return for 2007), really frustrates me. However, since I did in fact invested in ASD, I’m going to share with you the features of ASD.

While being briefed by PNB’s unit trust consultant, she told me that if a person’s Amanah Saham Bumiputera (ASB) account is full, then your next best option would be to invest in ASD. So, I’m assuming, this is the second best after ASB.

ASD is regarded as a growth fund which invests in a diversified portfolio of equities, fixed income, money market and some other securities (though their main focus is equities).

In my opinion, this is a low-risk investment vehicle due to the fact that the unit trust price is fixed at RM1.00. So, your capital amount is protected.

Here are some of the features of ASD:

1. Only bumiputeras can get on board.
2. Price of units are fixed at RM1.00 per unit.
3. No entry of exit fees.
4. Management fees of 1.5% p.a. (calculated against your account balance on a monthly basis).
5. Their method of return is through distribution of income, similar to ASB. Income distributed will be translated into additional units in your account.
6. Minimum investment is RM100/100 units. Any additional investment is RM1/1 unit.
7. Minimum account balance is RM100.00.
8. Unlike ASB, ASD does not have maximum amount of money you can invest.
9. If you decide to get your money back at any given time, you can sell your unit trusts and get your money on the spot.

All in all, ASD is reasonable investment vehicle if you have a really long investment time frame with a low-risk profile.

Also see Amanah Saham Bumiputera (ASB) post.

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.


  1. if you can understand “risk” in Unit trust, you dont need ASD.

    the ASD and ASB is fixed price, actually there are real pirice behind it.

    becuse of there no risk, investor can withdraw their money at any time.

    even if the fund get more profit, it cant distribute like other unit trust fund did. Just to ensure next year engiugh money to give distributon even this the market is down.

    if actually suitable for orang kampung who dont know “risk” in unit trust.

    so if you can understand risk, nav etc, just go to public mutual, and let orang kampung invest to this riskless fund.

  2. well said my friend.

    however, to me, I still think that every single investment vehicles on earth, they present some degree of risk. however, ASB, ASD and the likes, their risk is so low that most people would consider it as risk-free.

    true with you said, if one understands his/her own risk profile, then it is fine to invest in something risk-ier. however, quite a number of people think that they know what they are doing, taking too much risk that they can handle and get burned in the end.

    “….even if the fund get more profit, it cant distribute like other unit trust fund did. Just to ensure next year engiugh money to give distributon even this the market is down….”

    it is interesting to say what you said above, because i have to agree with you. ASB, ASD do invest in risky assets like equities (shares). unfortunately, their rate of return does not justify what they are doing. think about this, the share market has gone through the dotcom bust in 2000, bear market in 2003, and the current bull run, and their annual rate of return don’t fluctuate that much. other funds (outside PNB) on the other hand, has seen returns from the low-end of scale to the high-end of scale. i had my own share of suspicion that PNB were keeping some money in the profitable years as “reserves” to cover the not-so-profitable years. though i don’t know whether or not it’s true.

    all in all, i think it’s also fair to say that to most, ASB & ASD are good products.

  3. hello, im just wanna know where can i register this ASD,
    im so interested in investment, actually im just turn 20yo this year.. so im still young, can u give me some opinion what should i do if i wanna do investment…

    im intersted with ASD because the price per unit so cheap juat rm1 per unit, and the minimum is rm100..thats why im interested with…i think its suitable for me as starting and a young one…

    hpe you can give your opinion…its good if you can mail me
    tq bro

  4. Perhaps ASB is good for somebody who’s just starting out. Fairly easy to understand and fairly good returns.

    ASB’s price per unit is also RM1.00.

    I was told by a PNB officer that, after your ASB account is full, then only you proceed to ASD. Historically, ASB yields higher than ASD.

    How to start investing? PNB office, banks that participate, post office.

  5. owh okey…
    thanks bro

  6. cookie says:

    Hi, Im just wondering
    If I have an ASB account, can I open ASW or ASD account next? But my ASB is not full yet. Just to separate my accounts for better management. Is it possible for one person to have different accounts offered by PNB??

    Hope you can help me clear the matter on this

    One more thing to open ASW account can I just visit the bank and open it at anytime or do I have to wait for a certain specified month / period?

  7. Kalkitos says:

    Hi Cookie,
    Why would you want to have the other accounts when ASB is the superior one? People like myself who are not allowed to invest in ASB just wish that we could. You should max it out first.

  8. Hi cookie.

    As far as I know, there’s no problem in having an ASB account as well as other accounts with PNB. Also, for products other than ASB, accounts can be opened anytime, as long as there are units left.

    However, like what Kalkitos said, there’s really no reason why you want to establish another account. Historically speaking, ASB is better. So, unless you have maxed out your ASB account, then I don’t see a point.

  9. azzamri says:

    Hi all, i’m thinking to open an account for my kid either ASD or ASW. So, I need some advice/suggestion on which account is the best to choose. Thanks.

  10. Hi azzamri,

    Why don’t you open up an ASB account first for your kid? Historically, out of all PNB products, ASB’s yield is by far the best.

    One PNB consultant once told me that we should max out our ASB first before opening up other PNB accounts.

  11. what is the different between amanah saham didik and amanah saham gemilang didik??? which one is the best to invest for my kid…

  12. To me, they are just fancy names.

    If it was me, I’d choose the one that yields the highest (with fairly compatible amount of risk), which is the ASB.

    Max out that one first before moving to another PNB product. This assumes you’ve got low-risk tolerance.

  13. i would like toask you guys ,do saving in asb can make us bankrupt or what benefit that wecan get by saving vian pnb.i dont really know about that….please

  14. Nadlique,
    You’re one lucky dude and quite investment savvy, too. I wish I can invest in ASB and ASD as well but I am a non-bumiputera. I also had some investment in Public Mutual but I was in the red because of the dotcom crash in 2000. So I was glad when ASM came along around the same time. I have since invested in ASM for 9 years and I am very glad for the 6-8% returns. Though not exactly spectacular, it’s still better than bank’s FD rates. When the market recovered around 2006 I gradually sold off my Public Mutual units with some profits and I figure my growth rate during the 6 years was about 5-6% p.a. I invested in Public Mutual using Dollar/Ringgit Cost Averaging method, buying fixed amount regularly irregardless of market condition. Now I have a new name for DCA, FOOLISH BLIND BUYING. I should have been more sensitive to the market and never keep buying when market was falling because the losses kept escalating. We should only average up because then we would be sitting on an accumulating cushion of profits with every buy. When our target objective is achived, then we should exit and wait for the next cycle. If you use Dollar Cost Averaging, then you can only expect AVERAGE gains, not superior gains. If the gains are only average I’d prefer to put my money in ASM. And that is only if I am able to buy the units. Any additional ASM units launched for non-bumiputeras are sold out quickly like hot cakes and it is not always possible to buy. So you should be thankful to be able to buy ASD/ASM/ASW at will. Well, like you I am also “greedy” for higher returns, so I am now looking for an opportunity to go back into Public Mutual but this time I will not use DCA or FOOLISH BLIND BUYING method.

    • Hi Chew,

      Great to hear from you. Indeed, I’m not so convinced of the idea of DCA as well.

      I am also highly involved in stock trading and in the world of trading, DCA is a definite no no (at least in my view). One can go broke by utilising DCA in trading.

      Greedy for higher returns, I guess most of us are guilty of that eh? Hehe. I am highly invested in Public Mutual’s aggressive unit trust funds as well. Unfortunately, as you are aware of, the funds are not doing too well. I guess, it’s a way of the universe trying to keep me in perspective.

      Anyway, do hope to hear more from you 😀

  15. nuwlie says:

    hi nadlique. i invested in alpha centurian, a trust fund, maybank product about last year, jun may 2008. min investment is 100k. the FE told me min yield was 11% pa and max was 34% pa, according to past performance. this was my first investment after ASB. i have my asb max. unfortunately, it was a mistake. after 1 year it only yield RM342, far less then even the FD by maybank, around 2.6% pa. I decided to surrender. it didnt know about ASD then. guess i have to learn the hard way.

    • Hi nuwlie,

      With the alpha centurian, the key phrase is “past performance”. The general rule of investment is that past performance is not really a good indicator of what’s going to happen in the future.

      I haven’t had the chance to look at that particular fund but based on the predicted yield of 11% to 34%, that sounds like an aggressive fund. That means, there will be time when we will see negative returns throughout our investment years.

      Also, I don’t think it’s fair to compare alpha centurian to FD as well as to ASD. The reason being FD and ASD are low-risk investment vehicles.

      Just sharing out my thoughts.

  16. Hi everyone,

    I agree that we should max out our ASB account first before opening any other accounts.

    However, if you wish to open an ASB account for your child, he/she has to be at least 12 years old.

    An ASD account can be opened when the child is 6 months or older.


  1. […] Kalau nak tengok ciri-ciri Amanah Saham Didik (ASD) secara ringkas, sila lawat sini. […]

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