How many Indians are expected to benefit from AS1M?

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Approximately 50,000 Indians are expected to benefit from the AS1M scheme.

The Amanah Saham 1Malaysia (AS1M) scheme specifically allocated for the Indian community has seen encouraging early development, with RM180 million invested within three days of its launch. This initiative, which provides consistent and low-risk returns, aims to benefit a significant portion of the Indian population in Malaysia. The scheme's units for the Indian community were made available for purchase starting January 29.
Investment Reaches RM180 Million Swiftly

In the initial three days following its launch, the AS1M scheme for the Indian community successfully garnered RM180 million in investments. MIC president Datuk Seri Dr S. Subramaniam expressed optimism about the scheme's progress and indicated that the party would intensify its promotional efforts. While no specific timeframe was set for reaching the RM1.5 billion target, growth is anticipated within the current year.
Scheme Offers Low-Risk Investment Opportunity

The AS1M scheme is presented as an investment avenue that delivers steady and low-risk returns, making it suitable for individuals seeking to avoid significant financial risks. Amanah Saham Nasional Berhad opened an additional RM1.5 billion in AS1M units specifically for the Indian community on January 29. This allocation is designed to provide a secure investment option for the target demographic.
Broader Benefits for the Indian Community

Beyond the direct financial investment, the AS1M scheme is expected to positively impact approximately 50,000 Indians across the country. This initiative is part of broader efforts to support the economic well-being of the Indian community. The scheme's focus on consistent returns underscores its role in offering a stable financial instrument.

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How many Indians are expected to benefit from AS1M?

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