Project ASB / ASNB growth from dividends and contributions.
Projected value
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Total invested
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Dividends earned
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Your breakdown
Updates live as you type| Point in time | Invested so far | Balance |
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Compounding inside a tax-free wrapper
Amanah Saham Bumiputera and its sister funds under ASNB are among the most widely held investments in Malaysia, partly because the dividends land untaxed and partly because the unit price stays fixed, so the fund feels closer to a high-yield savings account than a market fund. This projection takes a starting balance, adds your monthly top-ups across each year, and credits an annual dividend you choose. It is for someone deciding how much to set aside monthly and wanting to see where two decades of reinvested dividends could lead.
The dividend rate is something you supply rather than something the tool fixes, and that is intentional. ASNB declares the rate fresh each year, and it has drifted over time. Recent years have sat broadly in the 4 to 5 percent range, but past declarations are not a promise. Treat the rate field as an assumption to test, not a guarantee.
Why ASB sidesteps the dividend tax
From the year of assessment 2025, Malaysia introduced a 2 percent tax on an individual's dividend income above RM100,000 in a year, a Budget 2025 measure. ASB and ASNB distributions are excluded from that charge, and they are already exempt from ordinary income tax for unit holders. So the dividends here compound with nothing skimmed off by LHDN (the Inland Revenue Board of Malaysia). This is the rule as this calculator models it, and the exemption is worth confirming with ASNB and LHDN since the dividend tax is new.
No capital gains tax to worry about either
Malaysia has no general capital gains tax on shares or unit trusts for individuals. The capital gains tax introduced from 2024 targets companies disposing of unlisted shares, not ordinary retail investors. The only individual capital gains tax of note is RPGT, which applies to real property and shares in property-heavy companies, not to ASB units. So when you eventually redeem, the growth shown here is not clipped by a disposal tax.
RM20,000 plus RM500 a month for twenty years
Using the defaults, you start with RM20,000, add RM500 a month, and assume a 5 percent dividend reinvested each year for 20 years. The tool adds twelve months of contributions, then credits the dividend on the running balance, year after year. You end up putting in RM140,000 of your own money, while reinvested dividends add roughly RM121,381, for a projected value near RM261,381.
What this projection cannot promise
The model assumes the same dividend every year and that you never miss a top-up. Real declarations bounce around, and a couple of weaker years early on cost you more than weak years near the end, because there is less time to compound. A sensible habit is to run the projection twice, once at a hopeful 5 percent and once at a cautious 4 percent, and plan around the lower figure. The contributions also assume the full year is invested before the dividend is credited, which is slightly generous compared with topping up gradually. Treat the output as a direction of travel, not a contract.
Is there a limit on how much I can hold in ASB?
ASNB funds have historically applied holding limits per investor, and the fixed-price funds in particular have had caps that changed over the years. Because these limits are set by ASNB and revised periodically, check the current ceiling directly with ASNB before assuming you can pour in an unlimited amount, especially for the fixed-price funds.
Should I take the dividend as cash or reinvest it?
This tool assumes you reinvest, which is what drives the compounding curve. Taking the dividend as cash gives you spendable income now but flattens future growth sharply, because each ringgit withdrawn stops earning. If the goal is a long-term nest egg, reinvesting is usually the stronger choice. If you need the income to live on, the cash option is valid, just expect a much lower ending balance.