What is an Exchange Traded Funds Regular Savings Plan (RSP)?
An RSP enables you to buy units of an ETF through a disciplined approach by investing fixed investment amounts regularly each month. It allows you to accumulate a portfolio for yourself at a potentially reduced cost, without the need to start with a huge initial capital.
Who is eligible to set up an Exchange Traded Funds Regular Savings Plan (RSP)?
You will be eligible if:
You are at least 18 years of age at the date of application
You are not a US Person (as defined in the Terms and Conditions Governing Investment in Funds)
Is there a minimum amount to invest monthly?
There is no minimum initial investment amount required for an Exchange Traded Fund Regular Savings plan. However, there is a minimum monthly investment amount for an Exchange Traded Fund Regular Savings Plan is S$100 and in multiples of S$100. The maximum numeric input is 13 digits.
You can start investing without having to begin with significant capital. The minimum investment is an affordable S$100 a month into either the Nikko AM Singapore STI ETF or the ABF Singapore Bond Index Fund.
When will my account be debited?
How do I setup my Exchange Traded Funds Regular Savings Plan (RSP)?
You can do so by following these steps:
Step 1: Log onto your iBanking account
Step 2: Mouse over “Invest” >> Click on “More Investment Services” >> “Set Up Exchange Traded Fund Regular Savings Plan (RSP)”
Step 3: Select Invest Using “Cash” and the Exchange Traded Fund of your choice (Nikko AM Singapore STI ETF or ABF Singapore Bond Index Fund)>> Click on “Buy” >> Click on “OK”
Step 4: Select Debiting Account >> Key in your intended Monthly Investment Amount >> Select Tax Status and Country of Birth >> You are advised to click on the hyperlinks to read the Prospectus and the Product Highlights Sheet carefully which contain details of the ETF that you had selected >> Click on “Next”
Step 5: Review the Terms and Conditions
Step 6: Confirm & submit your order
Upon successful setup, the Bank will send you a confirmation letter to inform you that your investment into the POSB Invest-Saver is set up and when the first deduction will take place.
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