Question1: What is the Regular Savings Plan (RSP) about? Answer:
This is a scheme that permits investment of a fixed sum of money in a unit trust on a regular basis. It uses the concept of dollar cost averaging, an effective strategy that avoids trying to time markets. By investing regularly, more units are bought when prices are low and less units when prices are high. As a result, in rising or fluctuating markets, the average cost for all the units can be lower than the average price during the same period.
Question2: Which funds are eligible for RSP participation? Answer:
You can apply for RSP for any of the funds offered by finatiQ. To apply, you need to first make an initial investment in the relevant unit trust. The initial minimum investment for each fund can be found in the relevant Fund Details page.
Question3: Is there a minimum investment amount for the RSP? Answer:
The minimum RSP investment for most funds is S$100. For full details on the respective funds' minimum RSP investment, please refer to the relevant Fund Details details or Prospectus.
Question4: What are the various frequencies of RSP available? Answer:
You can choose to participate in the RSP on a monthly or quarterly basis. There is also an option available for you to specify the investment day. Where the indicated investment day is not a business day, the investment will be effected the next business day. Where the indicated investment day does not exist for that calendar month (e.g., 30 February or 31 June), the investment will be defaulted to the last day of that month. You can indicate different investment days and frequency available for different RSPs.
Question5: Are there any charges for RSP? Answer:
There are no charges for participating in the RSP but the relevant sales charge for the unit trusts still apply.
Question6: Can I apply for RSP using my CPF or SRS monies? Answer:
Yes, you can use your CPF Ordinary Account (CPFOA), CPF Special Account (CPFSA) or SRS monies after making an initial subscription in the fund. You may wish to refer to the FAQs for "Buying Unit Trusts" for more information. Please check with your CPF Agent Bank and/or SRS Operator for details on transaction charges.
Question7: How long must I participate in the RSP? Answer:
You have the option of specifying the investment duration or leave it open-ended. A specified RSP investment duration should be for at least 6 investment cycles (either 6 months or 6 quarters). Please check with our Client Contact Officers at 1800 438 3883 or (+65) 6438 3883 (from overseas) should you wish to request for early termination of the RSP.
Question8: How does finatiQ's RSP differ from others in the market? Answer:
On top of a wide range of funds to select from and cost savings of up to 50% for most funds, you have the flexibility to choose between monthly or quarterly deductions, as well as the preferred deduction day.
Question9: Why am I not able to view my RSP online? Answer:
If you have submitted your RSP application via an offline form, you will not be able to view the instruction details online via the secured webpage. As such, please submit your RSP application online where possible.
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