- Lump-sum Contribution
- One-time contribution with ad-hoc funds (e.g. an inheritance or bonus)
- Additional contributions as and when funds are available
- Start from just S$1,000 for certain funds
View the user guide for step-by-step instructions to using Funds on digibank
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- DBS Invest-Saver (UTs)
- Fuss-free monthly contribution from your DBS/ POSB via interbank GIRO or monthly deductions from your DBS/POSB savings or current account on the 15th of every month.
- Start investing from just S$100/month
- With Dollar-cost Averaging, you can potentially enjoy a lower average cost over time, compared to lump-sum contributions
Illustration: How does Dollar Cost Averaging work?
Average cost per unit: S$1,000 / 1,069.09 units = S$0.935
Average price per unit: S$4.73 / 5 months = S$0.946
The example above shows how Dollar Cost Averaging in Invest-Saver (UTs) can result in a lower cost per unit and lower average price per unit. With the same total contribution of S$1,000, Invest-Saver (UTs) allows you buy more units (total of 1,069.00 units) at a lower average unit price of S$0.935 over five months as compared with lump-sum contribution (total of 1000.00 units bought at a unit price of S$1.00 in January).
All Invest-Saver (UTs) monthly contribution will fall 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.
Check out our list of RSP eligible funds.
View the user guide for step-by-step instructions to using Funds on digibank
- Both Lump-sum Contribution and Invest-Saver (UTs)
- Make a lump sum contribution (e.g. with your bonus) but continue investing with regular monthly contributions
- Start investing with a lump sum of S$1,000 for certain funds and continue with monthly contributions of at least S$100/month
Three ways of funding your Unit Trusts investment
- Cash
- CPF Ordinary Account or Special Account savings
- SRS holdings
There will be an online sales charge of 0.82% per transaction on any investment amount.
Effective 1 Oct 2020, if you are using CPFIS funds for purchase of investment products, 0% up-front sales charge will be imposed, and you may ignore any sales charge stated.
Find out how much you should invest now, to reach your investment goal here.