DBS changed its Mutiplier plan

[reddevil0728]

actually no need so troublesome. Buy S$ RSP and then sell immediately , nett cost also S$0.8-0.9 ish .

Can be cheaper with those bonds one

 

[ThreeSteps]

Website: https://www.posb.com.sg/personal/casa-campaigns-landing.page
Maybe they have not upload the new t&cs online.
But based on past patterns, can easily guess the new dbs/posb branch Casa promo starts from 10 July & probably same terms as the previous promo.

For those eager today, can try visit any dbs/posb branch (based on past comments, better bring along ATM card in addition to NRIC)

 

[shengliang1981]

Website: https://www.posb.com.sg/personal/casa-campaigns-landing.page
Maybe they have not upload the new t&cs online.
But based on past patterns, can easily guess the new dbs/posb branch Casa promo starts from 10 July & probably same terms as the previous promo.

For those eager today, can try visit any dbs/posb branch (based on past comments, better bring along ATM card in addition to NRIC)

I managed to register 2 days ago without ATM card, think just need to sign if did not bring ATM.

 

[iadpotato]

Days of the $1 RSP are long gone.. haha.. bought for so many years.. hehe

 

[reddevil0728]

Days of the $1 RSP are long gone.. haha.. bought for so many years.. hehe

Actually someone shared JPY can 100 right so even cheaper

 

[point_blank]

There was never a minimum for any category but an overall total amount.

Overview of DBS Multiplier Investment Criteria

• Eligible Products: DBS Invest-Saver (Unit Trusts/ETFs) or digiPortfolio.
• Minimum Amount: S$100 per transaction/top-up.
• Currency: You must invest in S$100 minimum value (or equivalent in permitted foreign currencies). A S$100 RSP will meet the criteria, while a 100 JPY investment is much lower than S$1 and will not qualify.
• Frequency/Duration: Monthly top-ups for RSPs are recognized for the first 12 consecutive months per portfolio/fund

Yet test out but AI says must be SGD$100 or equivalent value in foreign currencies.

 

[cassowary18]

Overview of DBS Multiplier Investment Criteria

• Eligible Products: DBS Invest-Saver (Unit Trusts/ETFs) or digiPortfolio.
• Minimum Amount: S$100 per transaction/top-up.
• Currency: You must invest in S$100 minimum value (or equivalent in permitted foreign currencies). A S$100 RSP will meet the criteria, while a 100 JPY investment is much lower than S$1 and will not qualify.
• Frequency/Duration: Monthly top-ups for RSPs are recognized for the first 12 consecutive months per portfolio/fund

Yet test out but AI says must be SGD$100 or equivalent value in foreign currencies.

Don't believe everything AI says

 

[yiwei]

Overview of DBS Multiplier Investment Criteria

• Eligible Products: DBS Invest-Saver (Unit Trusts/ETFs) or digiPortfolio.
• Minimum Amount: S$100 per transaction/top-up.
• Currency: You must invest in S$100 minimum value (or equivalent in permitted foreign currencies). A S$100 RSP will meet the criteria, while a 100 JPY investment is much lower than S$1 and will not qualify.
• Frequency/Duration: Monthly top-ups for RSPs are recognized for the first 12 consecutive months per portfolio/fund

Yet test out but AI says must be SGD$100 or equivalent value in foreign currencies.

I quote from DBS website, did they say any minimum required for UT or DBS Invest-Saver?
If using digiPortfolio then yes, there is minimum.
AI is not always right.

Unit Trust Lump-sum Investment

• Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, CPFIA or SRS after Multiplier Account is opened.
• The investment amount will be recognised post settlement date.

Find out more about Unit trust lump-sum investments here.
DBS Invest-Saver

• Valid for new DBS Invest-Saver plan for Exchange Traded Funds or Unit Trusts purchased after Multiplier Account is opened
• The monthly investment amount will be recognised for the first 12 consecutive months per fund

Find out more about DBS Invest-Saver here.
digiPortfolio
Valid for new digiPortfolio purchased after Multiplier Account is opened

• Minimum qualifying amount is S$1,000 per transaction for Lump Sum investments
• Recurring top ups (RSPs) from S$100 will be recognised for the first 12 consecutive months per portfolio as long as the RSP remains valid
• The investment amount will be recognised post settlement date

Find out more about digiPortfolio here.

 

[reddevil0728]

Overview of DBS Multiplier Investment Criteria

• Eligible Products: DBS Invest-Saver (Unit Trusts/ETFs) or digiPortfolio.
• Minimum Amount: S$100 per transaction/top-up.
• Currency: You must invest in S$100 minimum value (or equivalent in permitted foreign currencies). A S$100 RSP will meet the criteria, while a 100 JPY investment is much lower than S$1 and will not qualify.
• Frequency/Duration: Monthly top-ups for RSPs are recognized for the first 12 consecutive months per portfolio/fund

Yet test out but AI says must be SGD$100 or equivalent value in foreign currencies.

Don't believe everything AI says

it's more important to ask if one validated what AI says. seems like many people don't do that.

 

[a4973]

I quote from DBS website, did they say any minimum required for UT or DBS Invest-Saver?
If using digiPortfolio then yes, there is minimum.
AI is not always right.

Unit Trust Lump-sum Investment

• Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, CPFIA or SRS after Multiplier Account is opened.
• The investment amount will be recognised post settlement date.

Find out more about Unit trust lump-sum investments here.
DBS Invest-Saver

• Valid for new DBS Invest-Saver plan for Exchange Traded Funds or Unit Trusts purchased after Multiplier Account is opened
• The monthly investment amount will be recognised for the first 12 consecutive months per fund

Find out more about DBS Invest-Saver here.
digiPortfolio
Valid for new digiPortfolio purchased after Multiplier Account is opened

• Minimum qualifying amount is S$1,000 per transaction for Lump Sum investments
• Recurring top ups (RSPs) from S$100 will be recognised for the first 12 consecutive months per portfolio as long as the RSP remains valid
• The investment amount will be recognised post settlement date

Find out more about digiPortfolio here.

Perhaps you can share the fund's name and your investment method that allows JPY 1 minimum? Thank you

 

[sibeiTrolled]

https://www.dbs.com.sg/personal/investments/other-investments/invest-saver

How does Invest-Saver work?​

Invest-Saver is a regular savings plan that lets you invest a fixed sum regularly into your choice of investments, from as little as S$100 a month.

I quote from DBS website, did they say any minimum required for UT or DBS Invest-Saver?
If using digiPortfolio then yes, there is minimum.
AI is not always right.

I have yet to find any funds or ETF that doesn't have this min recurring buy in of 100 SGD even if the fund / etf doesn't have any min buy in quantity

Mind posting the fund or etf or stock that you found that suggest otherwise?

 

[reddevil0728]

https://www.dbs.com.sg/personal/investments/other-investments/invest-saver




I have yet to find any funds or ETF that doesn't have this min recurring buy in of 100 SGD even if the fund / etf doesn't have any min buy in quantity

Mind posting the fund or etf or stock that you found that suggest otherwise?

i thought poster said those JPY 1?

 

[yiwei]

yes, need exchange first

You go into funds and filter by currency

I found a total of 4 funds by filtering currency JPY. The minimum investment amount is JPY 100,000.00. Did you mean that you are able to invest in these 4 funds with an investment amount of JPY 100? Thank you

i think 100k if it's one-off. but recurring should be lower but need to have JPY in account to see

Perhaps you can share the fund's name and your investment method that allows JPY 1 minimum? Thank you

You already found them right? not all can, have you exchanged JPY in your account? exchange JPY first, then select RSP, you will see that the min will change to 100JPY.
One of them even allows for direct purchase at 1000 JPY, you dont need to RSP.
For some strange reason, it will only work on the DBS app, not the POSB one.

I have never said it's 1JPY, it's 100JPY min.

https://www.dbs.com.sg/personal/investments/other-investments/invest-saver




I have yet to find any funds or ETF that doesn't have this min recurring buy in of 100 SGD even if the fund / etf doesn't have any min buy in quantity

Mind posting the fund or etf or stock that you found that suggest otherwise?

Did you try to filter in the app following the above?

 

[sibeiTrolled]

Did you try to filter in the app following the above?

Ah thanks a lot. Found it
Brain was stuck in the SGD mode for whatever reason

Now got to fund jpy in the account first... It complaint about not having jpy in my account

 

[reddevil0728]

Ah thanks a lot. Found it
Brain was stuck in the SGD mode for whatever reason

Now got to fund jpy in the account first... It complaint about not having jpy in my account

Yea need to fund it to be able to go in and see minimum for RSP.

anyway also not much

 

[AlvinDj]

For digiPortfolio, also need to reset after 12months for Multiplier right?

Just hit my 12th month for digiPortFolio, but there is no tracker in estatement like for the usual UT-RSP or InvestSaver eg. 12/12 etc

Wonder if I can reset it by re-purchasing the same SaveUp portfolio i chosen previously? Or must be different

 

[reddevil0728]

For digiPortfolio, also need to reset after 12months for Multiplier right?

Just hit my 12th month for digiPortFolio, but there is no tracker in estatement like for the usual UT-RSP or InvestSaver eg. 12/12 etc

Wonder if I can reset it by re-purchasing the same SaveUp portfolio i chosen previously? Or must be different

Is that what it says in the FAQ? Maybe check the faq to confirm

 

[AlvinDj]

Is that what it says in the FAQ? Maybe check the faq to confirm

Thats the thing.. it says nothing, unlike in the FAQ of the usual old RSP via Invest Saver which clearly states there's a cooldown period of 6months before being able to repurchase the same fund house again..

 

[reddevil0728]

Thats the thing.. it says nothing, unlike in the FAQ of the usual old RSP via Invest Saver which clearly states there's a cooldown period of 6months before being able to repurchase the same fund house again..

Well you can choose to

1) interpret it as it doesn't apply

or

2) get it in black and white from DBS to confirm the understanding so that you have something against them

 

[yiwei]

For digiPortfolio, also need to reset after 12months for Multiplier right?

Just hit my 12th month for digiPortFolio, but there is no tracker in estatement like for the usual UT-RSP or InvestSaver eg. 12/12 etc

Wonder if I can reset it by re-purchasing the same SaveUp portfolio i chosen previously? Or must be different

digiPortfolio
Valid for new digiPortfolio purchased after Multiplier Account is opened

• Minimum qualifying amount is S$1,000 per transaction for Lump Sum investments
• Recurring top ups (RSPs) from S$100 will be recognised for the first 12 consecutive months per portfolio as long as the RSP remains valid
• The investment amount will be recognised post settlement date

Find out more about digiPortfolio here.

Since it says only count for 12 months, I would say buy sth else to be safe. or you just monitor under bank and earn which should be updated after around 4 days after RSP deduction; if it didnt count, do a lump sum with any other funds/UT/digiPortfolio to fulfill the requirement then.

But how do you re-purchase though, cancel the current one and setup new one with same fund?