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Investment Platforms Singaporeans Can Use To Invest A Fixed Monthly Sum

Not having a lump sum of money is no excuse for not investing.


This article was first published on 20 February 2019 and contains links to our affiliate partners. DollarsAndSense receives a share of revenue from your sign-ups.

Adopting a disciplined approach to invest a fixed sum of our salary each month can help us start our investing journey and grow our wealth in the long term. Investing this way has several main benefits: 1) we do not time the market, 2) we do not require extensive knowledge or expertise, 3) we can start investing from a small amount, typically as little as $100 and 4) we can conveniently achieve dollar cost averaging (DCA).

Timing The Market

If we are trying to time the market, we will only invest when we think the markets are at a low or when they are going up. It’s virtually impossible for even the best fund managers and investors, let alone average investors like us.

By investing a fixed sum each month, we are buying up high-quality investments regardless of its price at any point in time.

Knowledge And Expertise

As new or retail investors, we may not have the financial training nor the time and expertise to monitor our portfolio on a regular basis. By doing the initial research on the appropriate investment platform to use, we can tap on its knowledge and expertise to grow our wealth.

Start Investing From As Little As $100

The majority of the platforms that offer recurring monthly investments allow their investors to start from an affordable amount – as little as $100. They also typically give investors the flexibility to increase, decrease, stop or cash out the investments without any penalties.

In addition, the majority of the platforms also offer a subsidised brokerage or commission charge for their monthly investment plans.

Dollar Cost Averaging

When we invest a fixed sum of money each month, we buy up more of an asset when prices go down and less when prices go up. This way, we will invest at close to the average price of the asset.

Source: DollarsAndSense

There are several platforms in Singapore that allows us to achieve this in Singapore, we highlight common platforms and their characteristics.

 Regular Share Savings Plans

There are four Regular Share Savings (RSS) plans offered by brokerages in Singapore in partnership with SGX.

 

#1 POSB Invest Saver/ DBS Invest Saver

Minimum Investment Amount: $100/month
Investments Available: 4 ETFs
Fees: 0.5% for bond ETFs, and 0.82% for equity ETFs

The POSB Invest Saver or DBS Invest Saver offers investors four broad ETF investments listed on the Singapore Exchange (SGX).

We can start investing as little as $100 each month to gain exposure to the broadest investments in Singapore via these investments.

The Nikko AM Singapore STI ETF is an ETF replicating Singapore Straits Times Index (STI), giving us exposure to the 30 largest and most liquid companies listed on SGX. The ABF Singapore Bond Index Fund comprises the highest quality bonds in Singapore, issued by the Singapore government and quasi-Singapore government entities. The NikkoAM-StraitsTrading Asia ex Japan REIT ETF is one of three REIT ETFs in Singapore. The Nikko AM SGD Investment Grade Corporate Bond ETF is the first corporate bond ETF to be listed on SGX.

Read Also: POSB Invest Saver: Here’s How You Automatically Invest In The Strongest Singapore Companies And Bonds Every Month

 

#2 OCBC Blue Chip Investment Plan (BCIP)

Minimum Investment Amount: $100/month
Investments Available: 3 ETFs, 17 blue chip share counters
Fees: 0.88%

The OCBC Blue Chip Investment Plan allows investors to invest in 20 blue chip counters listed on SGX, including three ETFs and 17 share counters.

Similar to other RSS plans, we only can start investing from as little as $100.

Read Also: Want To Invest On SGX? Here’s Why A Regular Shares Savings (RSS) Plan Is The Most Convenient Way To Get Started In 2019

#3 Phillip Share Builders Plan

Minimum Investment Amount: $100/month
Investments Available: 5 ETFs, 26 blue chip share counters, 13 high-quality REITs
Fees: $6 (for 2 or less counters), $10 (for 3 or more counters)

The Phillip Share Builders Plan offers investments including 44 counters listed on SGX.

Read Also: Buying A New iPhone Every Year? Here’s How Much More You Will Have If You Invested The Money Instead

 

#4 Phillip Recurring Plan

Minimum Investment Amount: $100/month
Investments Available: All SGX counters, All counters in US and Hong Kong markets
Fees: Prevailing brokerage rates

The Phillip Recurring plan gives you more control over your investments with access to the entire pool of stocks and ETFs in Singapore, US and Hong Kong markets. You can also choose a standing order for your investment frequency to be daily, weekly, monthly or quarterly.

However, unlike its Share Builders Plan, the Recurring Plan charges its prevailing brokerage fees, which can be more expensive.

 

#5 FSMOne Regular Savings Plan

Minimum investment amount: $50/month (ETFs), $100/month (unit trusts)
Investments available: 8 ETFs listed in Singapore, 41 ETFs listed in Hong Kong and US and 1,288 unit trusts from 50 fund managers
Fees: 0.08% or $1, whichever is higher (for counters listed in Hong Kong and US, minimum of US$1 or HK$5 applies)

FSMOne’s regular savings plan offers an extensive list of ETFs listed in Singapore and overseas, as well as unit trusts and managed portfolios.

Other financial institutions may also offer extensive services for unit trusts, but classifies it under a different investment scheme (and we will cover them within the article).

 

#6 Saxo Regular Savings Plan

Minimum investment amount: Minimum Initial investment: $2,000, Minimum subsequent investment: $100/month
Investments available: Defensive, Moderate, Aggressive Portfolios
Fees: 0.75% per annum of total investment size

Working with BlackRock, one of the largest asset managers in the world, SAXO is offering managed portfolios that are Defensive, Moderate and Aggressive. These curated portfolios are built with low-cost market-leading iShares ETFs

 

Robo-Advisory Firms

Newer to the market, many robo-advisory firms offer investors a hands-off approach to long term investing via their digital platforms. They make use of algorithms to help investors invest their money, based on their risk tolerance levels, within the methodology of their platforms.

 

#7 StashAway

Minimum investment amount: N.A.
Investments available: Curated portfolios for 31 risk profiles, Income Portfolio, Cash Management Portfolio
Fees: 0.8% to 0.2% per annum of total investment size

StashAway primarily invests in exchange-traded funds (ETFs) listed around the world to give investors greater diversification into equities, bonds, commodities and even convertible securities. It also does not have a minimum amount for investors to start using its platform.

Read Also: Step-By-Step Guide To Opening An Account And Investing Through Singapore-Based Robo-Advisor StashAway

StashAway uses a proprietary investment strategy based on the theory of economic cycles, Economic Regime-based Asset Allocation, or ERAA, enabling it to monitor economic trends and valuations to rebalance its customers asset allocation mix for the long-term.

If you’re keen to try out StashAway, it is currently offering 50% off its management fees for 6 months, for up to $50,000 in portfolio value. You can sign up here.

 

#8 AutoWealth

Minimum investment amount: Minimum initial investment: $3,000, Minimum subsequent investment: $100/monthZ
Investments available: Curated Portfolios
Fees: 0.5% per annum of total investment size + US$18

AutoWealth offers investors global exposure mainly through ETFs listed in the US. AutoWealth portfolios track the MSCI World Index and the Citigroup World Government Bond Index – which are transparent and global indexes respectively.

While AutoWealth has a minimum initial investment of $3,000, you can opt to go on a monthly investment plan as well.

If you’re interested to give AutoWealth a trybe sure to use the promo code ‘DollarsAndSense‘ to receive a $20 top-up into your account once you fund it with the $3,000 minimum.

Read Also: Robo Advisors in Singapore: What You Need To Know Before Investing

 

#9 Syfe

Minimum investment amount: N.A.
Investments available: Global Portfolio, REIT+ Portfolio
Fees: 0.65% to 0.4%

Syfe is a new Singapore-based robo-advisor that launched in July 2019. The cornerstone of their investment approach is a focus on managing risk, with the aim of attaining better risk-adjusted returns across all market conditions. You can fund your investment account in either SGD or USD, in either a lump sum or regular monthly payments. There are no minimum investment amounts and no minimum lock-in periods.

In 2020, Syfe launched the Syfe REIT+ portfolio, giving investors Singapore’s first risk-managed REIT portfolio.

If you’re interested to give Syfe a try, there is a special offer for DollarsAndSense readers to receive bonuses added to their Syfe account:

$10 bonus for funding your Syfe account above $500

$50 bonus for investing more than $10,000 with Syfe

$100 bonus for investing more than $20,000 with Syfe

This bonus will be credited within 7 days after receiving your funds and invested together with your portfolio.To enjoy this promotion, you will need to maintain the portfolio with Syfe for at least 6 months. You can read more details on the promotion here.

Read Also: Investing With Syfe: 5 Things You Need To Know About Singapore’s Newest Robo-Advisor

 

#10 UTRADE Robo

Minimum investment amount: Minimum initial investment: $5,000, Minimum subsequent investment: $500
Investments available: Conservative, Moderate, Aggressive Portfolios
Fees: 0.88% to 0.5%

UTRADE Robo classifies investors in conservative, moderate and aggressive based on our risk profile. It will then invest in a universe of 7,700 ETFs listed globally, primarily tracking benchmark indices, based on factors including fund size, liquidity, transaction costs, tax efficiency and expense ratios.

 

#11 OCBC RoboInvest

Minimum investment amount: Minimum initial investment: Varies for individual portfolios. As low as $1,500, Minimum subsequent investment: typically 10% of minimum initial investment amount
Investments available: 31 thematic portfolios, within three main risk level – Very low to low risk, medium risk and high to very high risk
Fees: 0.88%

OCBC RoboInvest allows us to invest in 31 thematic portfolios across six different markets and three categories of risk level. We also enjoy automated portfolio monitoring and proposed rebalancing notifications as the market changes.

 

#12 DBS digiPortfolio

Minimum investment amount: Minimum initial investment: $1,000, Minimum subsequent investment: none
Investments available: Asia Portfolio, Global Portfolio
Fees: From 0.75% per annum

DBS digiPortfolio offers two unique portfolios – Asia Portfolio with a Singapore focus and Global Portfolio – which invests in Singapore listed ETFs and UK listed ETFs respectively.

 

#13 CGS-CIMB eWealth

Minimum investment amount: Minimum initial investment: $3,500, Minimum subsequent investment: $500
Investments available: 16 goal investing and thematic investing portfolios
Fees: From 0.8% to 0.5% per annum, depending on amount invested with them

CGS-CIMB eWealth recommends customised goal-based investing and thematic investing portfolios to suit an investor’s needs. It also takes into account the investor’s risk profile.

 

Mutual Funds/Unit Trusts

There are also platforms that allow us to invest in mutual funds and unit trusts on a monthly basis. Typically, these are managed by an active fund manager seeking to beat the market. However, there are also certain mutual funds or unit trusts that are passive investments tracking indexes.

 

#14 DBS Regular Savings Plan (RSP)

Minimum investment amount: Minimum initial investment: $100
Investments available: 556 funds
Fees: 0.82%

DBS Regular Savings Plan (RSP) allows us to invest in mutual funds with underlying assets in equity, bonds and alternative investments, as well as exchange-traded funds (ETFs), on a monthly basis. We can start investing from as little as $100 a month.

On its platform, we can choose to invest using cash, our CPF funds or our Supplementary Retirement Savings (SRS) account. We can also search for funds to invest in if we know the fund name, or if we want to invest with a certain fund house or on an investment theme.

Read Also: Active Investing VS Passive Investing, Lump Sum VS Dollar Cost Averaging: Which Investment Strategy Suits You Best?

 

#15 Phillip Unit Trust Regular Savings Plan

Minimum investment amount: Minimum initial investment: $100
Investments available: More than 400 unit trusts
Fees: 0%

Apart from its Share Builders Plan, Phillip also offers a Unit Trust Savings Plan. Investors can choose to invest in more than 500 funds from as little as $100 a month. They can also make use of their CPF or SRS funds to make these investments.

 

#16 FSM MAPS

Minimum investment amount: Minimum initial investment: $500/month
Investments available: 10 curated portfolios based on risk profile and Income VS Growth portfolio
Fees: 0.35% (for conservative portfolios), 0.5% (for all other portfolios)

On FSM Maps, we can also start investing via a regular savings plan from as little as $500 a month. Investors can choose from five different risk level, ranging from conservative to aggressive, as well as whether they prefer a growth or income portfolio, based on their investment objectives and risk tolerance.

Read Also: Why Asset Allocation Is The No.1 Thing Investors Don’t Think About…But Should

FSM MAPS is able to give investors exposure to a diverse range of unit trusts and ETFs globally.

 

#17 dollarDEX

Minimum investment amount: Minimum initial investment: $100/month
Investments available: Close to 1,000 funds
Fees: 0%

dollarDEX offers two types of monthly investments – a regular savings plan and a value averaging plan. dollarDEX allows investors to invest on their own or via five recommended portfolios, again ranging from conservative to aggressive.

On its regular savings plan, investors can invest similar to the other types of investments by contributing a regular investment of at least $100 each month. On its value averaging plan, the amount invested is not fixed. Rather, it is tied to a target growth rate and fluctuates based on how well or poorly the fund performed in the previous month. This way, investors will hit their portfolio size at the end of their target investment period.

 

#18 Endowus

Minimum investment amount: Minimum initial investment: $10,000, Minimum subsequent investment: $100
Investments available: 6 model portfolios based on risk profile, Cash and SRS portfolios, CPF portfolio
Fees: 0.6% to 0.25% for cash and SRS portfolio, 0.4% for CPF portfolio

Endowus is an independent fee-only platform that aims to help Singaporeans grow wealth by investing systematically, in share classes that were only previously available to institutional investors, managed by top global investment firms such as Dimensional and PIMCO.

They create customised portfolios for investors by making the asset allocation and portfolio construction decisions using data-driven and institutional asset allocation framework. They apply quantitative and qualitative screening to find funds that have outperformed over the long-term.

Read Also: Understanding Endowus: How This FinTech Investment Advisor Will Help S’pore Investors Access Superior Global Portfolios At Low Cost

If you’re interested to start investing with Endowus, you’ll be happy to know that DollarsAndSense readers can have their first $10,000 managed for free for 6 months, which translates to savings of $20 in fees. Sign-up using this link to claim this special offer. Terms & Conditions apply.


#19 MoneyOwl

Minimum investment amount: Minimum initial investment: $100, Minimum subsequent investment: $50
Investments available: 5 portfolios comprising developed and emerging market equities, and global bonds
Fees: 0.65% advisory fee + 0.18% platform fee

MoneyOwl, a social enterprise between NTUC Enterprise and Providend, dubs itself as Singapore’s first bionic financial adviser.

MoneyOwl offers five model portfolios – Equity, Growth, Balanced, Moderate, and Conservative – made up of funds managed by Dimensional Fund Advisors. These five portfolios are based on your risk appetite and are made up of differing weightage in three Dimensional equity and bond funds.

Read Also: Investing With MoneyOwl: Here’s What You Need To Know Before You Invest With Them

 

Honourable Mention

#20 Financial Advisers

Aside from the above platforms, you can also invest a fixed monthly sum through products offered by your financial adviser(s). Also known as investment-linked policies (ILPs), your money can get invested with a range of funds offered by the insurer. You’ll need to take time to understand how the ILP you’re considering works, especially the loss you would make if you surrender your policy early.

Read Also: 5 Reasons Why Singaporeans Still Continue Buying ILPs Today