Learning to save money is one of the earliest lessons we receive from our parents alongside virtues like sharing and so forth. As school children, we save up every sen left after spending our allowance until we have accumulated enough to buy something we want.
Then, as we get older, we learn to grow our savings with compound interest. There are many ways to do this from putting your savings in fixed deposit accounts to investing.
Popular in Malaysia, Amanah Saham Nasional Berhad (ASNB) currently manages 16 unit trust funds comprising both variable price funds and fixed price funds. To better serve its 14.5 million customer base in Malaysia during the pandemic, ASNB has introduced additional features to digitally onboard users through the myASNB app.
Investors can easily access ASNB funds and monitor transactions from the safe comfort of their home or office through the myASNB app. Let’s find out how you can invest online conveniently with myASNB!
Stay Home and Invest With myASNB
Even before the pandemic, financial technology has been gaining traction among investors yearning for easier and real-time access to their data and activities. The adoption of contactless digital touchpoints had been further accelerated by the pandemic as movement restrictions were enforced.
As part of ASNB’s digitalisation journey, the company launched its myASNB online portal in 2018 and mobile app in 2019 to allow Malaysians to invest and monitor their wealth anytime and anywhere.
Subsequently, it launched the mobile registration and onboarding feature within the app to enable all Malaysians to register with ASNB remotely without having to visit any of ASNB’s branches or agents.
Hence, you can now enjoy a suite of functions on the myASNB app from registering and investing to monitoring your transactions conveniently.
Simple Equals Consistent Savings
It’s tempting to put off saving especially when you’re in the early days of your career and budgets can get quite tight. But we know it’s important to start early and that the more you save, the easier it becomes to accumulate additional savings.
With the myASNB app, you can easily access your account which might encourage more frequent savings. In just a few clicks, you can safely and conveniently view holdings and perform online transactions anywhere. There are various services provided in the myASNB app which include subscription – purchasing or topping up ASNB unit trust funds online.
Extra Features For Educated Investments
To help users make informed decisions, the myASNB app also suggests products or funds to users based on a simple assessment which consists of 6 questions. Investors who utilise digital investment platforms like the robo-advisors will be familiar with such features.
The assessment in the app will assess your suitability for products belonging to categories including the aggressive variable price, moderate variable price, conservative variable price, or fixed price. This is an additional feature that will further enrich users’ investing experience as they now have more information about the suitability of products for them according to the app’s suggestions.
For those who want to find out more about investing in unit trust funds, you can also head to the learning centre on the website.
Entry Costs as Low as RM10
Having been in the industry for 40 years, ASNB has a total of 16 funds with a total value of funds of RM267.12 billion as at 31 December 2020. Aside from being a reputable unit trust management company, it is known for having a low entry requirement with a minimum initial investment of only RM10.
ASNB currently manages 16 fixed and variable funds to suit all investor appetites and needs.
Now that investors are no longer required to visit ASNB branches or agents for identity or phone number verification, you can simply set up your myASNB account via the mobile app within minutes and start investing immediately.
But that’s not all! ASNB also runs contests from time to time so users will have a chance to win some great prizes. From now to 30 November, you can invest a minimum of RM500 and stand a chance to win an iPhone 12 Pro, subject to the terms and conditions.
During the pandemic, there has been a rise of digital retail investors across markets worldwide, including here in Malaysia. This is an unsurprising event given the increased interest in investing and the need for more digital touchpoints during the pandemic.
In line with the drive towards digitalisation, ASNB has unveiled additional features on its myASNB app so you can easily register, invest, and monitor your transactions within the safe comfort of your home. So, if you have always been thinking about investing with ASNB, why not sign up online today?