At a Glance

Investing can be worrisome. But it doesn’t have to be. Grow your long-term savings confidently with DBS Invest-Saver, the Regular Savings Plan (RSP) that helps you invest affordably while diversifying your portfolio across Singapore’s top companies.

Affordable Investments

Grow your money with Singapore Bonds or Blue Chip Stocks from just S$100 a month.

Seamless Convenience

Invest through iBanking anytime, anywhere. No securities trading account or CDP account required.

Flexible

Change your investment amounts without incurring a fee.

Minimal Sales Charge of 0.5%*

With no other administration or platform fees involved.

*Sales charge of 0.5% for ABF Singapore Bond Index Fund and 1% for Nikko AM Singapore STI ETF apply. For limited time only, enjoy promotional rate of 0.82% sales charge for Nikko AM Singapore STI ETF. Find out more.

 

About DBS Invest-Saver

It is a Regular Savings Plan (RSP) that allows you to invest via a monthly GIRO arrangement.

It is designed for you to:

  • Invest without the need for a high capital
  • Diversify your portfolio across Singapore’s top 30 companies
  • Potentially grow your long-term savings with government issued high-quality bonds
  • Make investing simpler with iBanking at your fingertips

From just S$100 a month, you can reliably invest in Singapore Bonds or Blue Chip Stocks via two Exchange Traded Funds (ETFs) listed on the Singapore Exchange.

The easy way to start investing. Grow your money today.

Login now Online via iBanking
 

DBS Invest-Saver 101

It is an RSP that lets you invest a fixed sum via a GIRO arrangement on a monthly basis. Through DBS Invest-Saver, you can invest in either the Nikko AM Singapore STI ETF or the ABF Singapore Bond Index Fund, or both.

When you invest in the Nikko AM Singapore STI ETF, you are investing in Singapore’s top 30 companies (based on market capitalisation); including Singapore Exchange Ltd, Singapore Airlines Ltd, and Singapore Press Holdings Ltd. Collectively, they are known as Singapore’s blue chip companies and their performance is represented by the Straits Times Index (STI). The constituents of the STI are reviewed every half-year.

When you invest in the ABF Singapore Bond Index Fund, you are investing in a basket of high-quality bonds that are mostly issued by the Singapore government or government-linked bodies such as the Land Transport Authority and Housing & Development Board.


DBS Invest-Saver provides you with a relatively simple and lower cost approach to investing in the stock or bond market. You may want to start investing, but may not have huge initial capital or the discipline to do so. Furthermore, you may not have easy access to research reports, or the time and know-how to interpret such reports.

By diversifying your portfolio among Singapore’s top companies, DBS Invest-Saver helps you grow your money while reducing risk, to gain more with less capital.


  • You can start investing without 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.
  • Pay a low sales charge of 1% for the Nikko AM Singapore STI ETF or 0.5% for the ABF Singapore Bond Index Fund on the amount invested each month. There are no other administration or platform charges involved.
  • No exit or redemption charges. However, please note that this may be subject to change.
  • Convenience – Easy access through iBanking for both the ETFs.
  • Transparency – The holdings in the underlying Nikko AM Singapore STI ETF and ABF Singapore Bond Index Fund are featured in their fact sheets, so you know exactly what stocks and bonds you hold.
  • Benefit from the effects of compounding – The earlier you invest, the greater your opportunity to grow your wealth.

  • Ensure you have sufficient savings and liquidity.
  • Understand the risks and fees of the underlying ETF(s).
  • Willing to accept that your principal amount may be at risk – including the possible loss of the principal amount invested, as these are not capital guaranteed products.
  • Sufficient monies to maintain your monthly contributions over the medium to long-term.
 

Understanding ETFs and Bonds

ETFs are open-ended funds that:

  • are traded on the stock exchange
  • can be bought and sold through brokers or select financial institutions

An ETF’s objective is to produce a return that tracks or replicates a specific index. They are passively managed by ETF fund managers and do not try to outperform the underlying index. Hence, an ETF has fees and charges that are usually lower than those of actively managed investment funds.

By investing in an ETF, you can indirectly gain exposure to the underlying stocks or bonds in the index without having to spend more money buying individual lots of these stock or bond issues.


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.


By contributing a fixed investment amount monthly, your average cost of investing in an ETF over a period of time may be lower than the average price of investing in the ETF within the same period.

This investment method is called ‘dollar-cost averaging’. It can help hedge against market volatility by avoiding the pitfalls of market timing as it does not require you to speculate the ‘right’ time to invest, as compared to investing in one go.

Through this disciplined method, you can build up a portfolio over time at a potentially lower average cost as you will be buying more units when prices are low and lesser units when prices are high.

Example:

 

Monthly Subscription Amount

Sales charge of 1%

Net Investment Amount

Assume Average Purchase Price* on 15th

Number of Units

January

S$300

S$3

S$297

S$3.27

90.82

February

S$300

S$3

S$297

S$3.37

88.13

March

S$300

S$3

S$297

S$3.47

85.59

April

S$300

S$3

S$297

S$3.57

83.19

May

S$300

S$3

S$297

S$3.67

80.92

Total

S$1,500

S$15

S$1,485

S$17.35

428.65

Average cost per unit (S$1,500/428.65 units) = S$3.50

Average price per unit (S$17.35/5) = S$3.47

Note: The above is meant for illustration purpose only.

* Please refer to Clause 3.2.


Your purchase price will be based on the average subscription price on the business day after your account is debited, or such other day determined by the Bank in good faith and in a commercially reasonable manner.

The average subscription price is calculated by dividing the total cost of purchasing the respective ETF units by the total quantity of the respective ETF units purchased by the Bank that day. All customers will be provided with the same average subscription price.


The Nikko AM Singapore STI ETF is an exchange traded fund managed by Nikko Asset Management Asia Ltd. It tracks, as closely as possible, the performance of the Straits Times Index (STI) by substantially investing its assets in the constituent stocks of the STI in the same weightings as reflected in the STI.

The STI is a market value weighted index comprising the top 30 Main Board listed companies based on their market capitalisation on the Singapore Exchange Limited. By investing in the Nikko AM Singapore STI ETF, you can gain exposure to the STI without having to buy all the direct component stocks on the STI.


The ABF Singapore Bond Index Fund is the first bond exchange traded fund launched in Singapore and managed by Nikko Asset Management Asia Ltd that tracks, as closely as possible, the iBoxx ABF Singapore Bond Index.

The iBoxx ABF Singapore Bond Index is an indicator of investment returns of SGD denominated debt obligations issued or guaranteed by the Singapore government (or any other Asian government), a Singapore government (or any other Asian government) agency, quasi-Singapore government (or any other Asian government) entity, or supranational financial institutions.


Both ETFs are listed on the Singapore Exchange Limited.


The Nikko AM Singapore STI ETF aims to pay dividends received from the underlying shares on a semi-annual basis and the ABF Singapore Bond Index Fund aims to pay dividends on an annual basis.

However, dividends are not guaranteed and the ability of the respective ETFs to pay dividends will be dependent on the dividends declared by the underlying stocks or bonds held by the respective ETFs, as well as the level of fees and expenses payable for the respective ETFs.


Monies from dividends, cash offers, rights issue, and other corporate actions will be credited into your designated DBS/POSB debiting account.


Coupons will be credited into your designated DBS/POSB debiting account.


A sales charge of 1% will be deducted from your investment amount into the Nikko AM Singapore STI ETF every month.


A sales charge of 0.5% will be deducted from your investment amount into the ABF Singapore Bond Index Fund every month.


The Nikko AM Singapore STI ETF carries significant risks as it is a narrowly focused fund that invests solely in equities listed on the Straits Times Index (STI). Some of the key risks include:

  • Market Risk – As the Nikko AM Singapore STI ETF tracks the performance of the STI, investors will be exposed to unit price fluctuations due to a number of factors; including, without limitation, the price fluctuations of the constituent stocks within the STI.
  • Liquidity Risk – Although units in the Nikko AM Singapore STI ETF are listed on the SGX-ST, investors should be aware that there can be no assurance that active trading markets for units will develop, nor is there a certain basis for predicting the actual price levels or volumes in which units may trade.
  • Tracking Error Risk – Changes in the price of the Nikko AM Singapore STI ETF are unlikely to replicate the exact changes in the STI due to factors such as fees and expenses of the Nikko AM Singapore STI ETF, liquidity of the market and changes to the STI.

Some of the key risks of the ABF Singapore Bond Index Fund include:

  • Tracking error risk – Changes in the net asset value (NAV) of the ABF Singapore Bond Index Fund are unlikely to replicate the exact changes in the iBoxx ABF Singapore Bond Index due to various factors. The ABF Singapore Bond Index Fund’s returns may therefore deviate from those of the iBoxx ABF Singapore Bond Index.
  • Risk associated with the investment strategy of the ABF Singapore Bond Index Fund / Lack of discretion by manager to adapt to market – Unlike many conventional unit trusts, the ABF Singapore Bond Index Fund is not actively managed. Therefore, it will not adjust the composition of its portfolio except to closely correspond to the duration and total return of the iBoxx ABF Singapore Bond Index. The ABF Singapore Bond Index Fund does not try to “beat” the market it tracks and does not seek temporary defensive positions when markets decline or are judged to be overvalued. Accordingly, a fall in the iBoxx ABF Singapore Bond Index may result in a corresponding fall in the net asset value of the ABF Singapore Bond Index Fund.
  • Emerging market risk – The ABF Singapore Bond Index Fund may invest in securities issued by certain Asian governments whose economies are considered to be emerging markets, and subject to special risks associated with foreign investment in such markets.

Note: This list is not exhaustive. Please refer to the respective ETFs’ offering documents for the full list of risks.


Assuming you have chosen the Nikko AM Singapore STI ETF through DBS Invest-Saver:

Monthly Subscription Amount

Sales charge of 1%

Net Investment Amount

Assume Average Purchase Price* on 15th

Number of Units

S$300

S$3

S$297

S$3.27

90.82

However, as only round figures can be issued for the Nikko AM Singapore STI ETF, the cost and sales charge of the residual units of 0.82 units will be refunded to your designated debiting account.

Residual Units

Value of residual units based on Average Purchase Price* on 15th

Sales charge (1%) on value of residual units

Total amount refunded to you

0.82

S$3.27

S$0.0268

S$2.70

Note: The above is meant for illustration purpose only.

* Please refer to Clause 3.2.


For both the Nikko AM Singapore STI ETF and the ABF Singapore Bond Index Fund, the monthly debit from your Savings/Current account will be on the 15th of every month (or the next business day if the 15th is a non-business day).

Please note that the respective debiting date is subject to change.


Yes, you will receive monthly statements from the Bank. If you have an iBanking account with us, you may also log in to view your latest holdings and market value of your ETF(s) holdings.

 

Investing DBS Invest-Saver

If you're an existing DBS/POSB customer, simply take a minute to sign up or top up your account online.

Step 1: Log in to 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 carefully read the Prospectus and Product Highlights Sheet which contain details of your selected ETF >> Click on ‘Next’

Step 5: Review the Terms and Conditions

Step 6: Confirm and submit your order

Upon successful completion, the Bank will send you a confirmation letter to inform you that your investment into the DBS Invest-Saver has been set up, and when the first deduction will take place.


You can change your monthly investment amount for the ABF Singapore Bond Index Fund and/or Nikko AM Singapore STI ETF through iBanking by following these simple steps:

Step 1: Log in to your iBanking account

Step 2: Mouse over ‘Invest’ >> Click on ‘More Investment Services’ >> ‘Set Up or Update Unit Trust Regular Savings Plan (RSP)’ >> Select ‘Investment Account’ >> ‘Search’

Step 3: Select the Exchange Traded Fund of your choice and enter the new Monthly Investment Amount (pen icon)

Step 4: You are advised to click on the hyperlinks to carefully read the Prospectus and Product Highlights Sheet which contain details of your selected ETF

Step 5: You are advised to click on the hyperlink to read the Terms and Conditions Governing Investment in Funds and tick the checkbox before you continue with your application

Step 6: Confirm and submit your order

The Bank will send you a confirmation letter to confirm when the change to your investment amount will start taking effect.


You can subscribe to DBS Invest-Saver if you have a joint-alternate Current or Savings account with us. However, DBS Invest-Saver will be in the sole name of the applicant.


The deduction will not be successful if you have insufficient funds in your Current or Savings account. If there are 2 consecutive unsuccessful RSP deductions, we reserve the right to terminate your subscription for the ETF(s) through DBS Invest-Saver.

Please ensure you have sufficient funds for deduction before the 15th of every month (or next business day should the 15th be a non-business day) for the Nikko AM Singapore STI ETF and/or ABF Singapore Bond Index Fund.


You can redeem your holdings for the ABF Singapore Bond Index Fund and/or Nikko AM Singapore STI ETF through iBanking by following these steps:

Step 1: Log in to your iBanking account

Step 2: Mouse Over ‘Invest’ >> Click on ‘More Investment Services’ >> ‘Redeem Unit Trust or Exchange Traded Fund (ETF)’ >> Select ‘Investment Account’ >> ‘Search’

Step 3: Select the Exchange Traded Fund that you wish to redeem and click on the ‘Continue’ button

Step 4: Input the number of units to redeem and select the account to credit your redemption proceeds

Step 5: Confirm and submit your order

We will send you a confirmation letter to confirm the amount of your redemption proceeds.


Your redemption price will be based on the average redemption price on the business day following your redemption instruction, or such other day determined by the Bank in good faith and in a commercially reasonable manner.

The average redemption price is calculated by dividing the total proceeds from the units sold by the total quantity of units sold, based on the aggregated orders of all customers who sold their respective ETF units on the particular redemption date. All customers will be accorded the same average redemption price for the respective ETFs.


Your account will be credited within T+7 business days from the date you submitted your redemption request.


You can terminate your DBS Invest-Saver through iBanking by following these steps:

Step 1: Log in to your iBanking account

Step 2: Mouse Over ‘Invest’ >> Click on ‘More Investment Services’ >> ‘View or Delete Regular Savings Plan (RSP)’ >> Select ‘Investment Account’ >> ‘Search’

Step 3: Select the Regular Savings Plan that you wish to terminate and click on the ‘Submit’ button (bin icon)

We will send you a confirmation letter to confirm that your request to terminate has been effected.


Yes, you can hold on to your units in the respective ETF even if you have terminated your RSP. Should you decide to subscribe to the DBS Invest-Saver again, you can do so.

 

Others

You will be eligible to invest in ETF(s) through DBS Invest-Saver if:

  • You are at least 18 years of age on the date of application
  • You are not a US Person (as defined in the Terms and Conditions Governing Investment in Funds)

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