Is there an option similar to invest saver, but using cpf monies? BTW anyone knows what is the Market allocation for Nikko AM Singapore Dividend Equity? Is also into sti etf? What percentage?
So, u bought the dividend equity direct from Nikko AM? how much is the minimum amount u need to invest every month?
Is there an option similar to invest saver, but using cpf monies? BTW anyone knows what is the Market allocation for Nikko AM Singapore Dividend Equity? Is also into sti etf? What percentage?
I don't quite get the above from PIS website, tt is if I've subscribe PIS thru RSP, how can I be still holding on the units if RSP has been terminated? pls enlighten me... thks
Can I still hold my units in the Nikko AM Singapore STI ETF even after the termination of my RSP?
Yes, you can hold on to your units in the Nikko AM Singapore STI ETF even if you have terminated your RSP. Should you decide to subscribe to the POSB Invest-Saver again, you can do so via any of our ATMs.
10. What will my redemption price of the POSB Invest-Saver be?
Your redemption price would 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 shares sold by the total quantity of shares sold, based on the aggregated orders of all customers who sell their shares of the STI ETF on the particular redemption date. All customers who redeem the Nikko AM Singapore STI ETF will be accorded same average redemption price.
Step 1: Login your DBS/POSB ibanking -> Investment & Trading -> Unit Trust Purchase -> Cash Purchase -> Select fund manager (Nikko AM) -> Select the fund name -> Submit -> Confirm
Step 2: Login your DBS/POSB ibanking -> Investment & Trading -> Unit Trust Regular Savings Plan -> Setup/Update Regular Savings Plan -> Select the fund name -> Submit -> Confirm
Don't walk in branches as 1.5% sales charge is only applicable via ibanking.
At the fee of 1% of the monthly investment amount, minimum $1 (for the minimum amount of $100/month), they are completely undercutting OCBC's BCIP. Well done
Step 1: Login your DBS/POSB ibanking -> Investment & Trading -> Unit Trust Purchase -> Cash Purchase -> Select fund manager (Nikko AM) -> Select the fund name -> Submit -> Confirm
Step 2: Login your DBS/POSB ibanking -> Investment & Trading -> Unit Trust Regular Savings Plan -> Setup/Update Regular Savings Plan -> Select the fund name -> Submit -> Confirm
Don't walk in branches as 1.5% sales charge is only applicable via ibanking.
Just purchase and set up RSP.. but shouldnt the RSP charge be FOC for 2 months? how come showing 1%?
Oops.. thought i can select any one under NIKKO ASSET MANAGEMENT ASIA LIMITED. Then which one should i choose?
I thought OCBC BCIP comms is only at 0.3%, isnt it cheaper than POSB 1%?
Kinda confused....thanks.
i also cannot see any selling point of posb invest saver if you compare it to ocbc plan, ocbc is two way, so it charges 0.6%, but still low than posb.
So lets say I sign up an RSP thru this format, invest $100 monthly thru my savings/GIRO account. Whats next, do I have to constantly log in buy/sell shares?
Another eg: Put in monthly $100 for one year = $1200. So this $1200 will grow much >$1200 as compared to my $1200 in normal bank savings account WITHOUT me doing anything? Thus I can withdraw out my capital of $1200 + $xx amount?
Don't really understand how to earn the extra profits!!