Tap on the ‘Invest’ tab
Select ‘digiPortfolio’
You can do it anytime with digibank online or through the app.
Through digibank online:
Through digibank app:
The typical turnaround can take up to 5 business days for digiPortfolio. For withdrawals, the proceeds will be automatically credited back to your selected crediting account.
This happens because there are outstanding / pending orders for your portfolio, either due to a purchase, top up or withdrawal which was done recently, or rebalancing of your portfolio is in progress.
Once processing of the outstanding orders have been completed, you will be able to submit new orders. This could take up to 5 business days for Asia and Global Portfolios, and 7-10 business days for the Income, SaveUp and Retirement Portfolios.
As digiPortfolios may be purchased in two currencies, S$ and US$, a Multi-Currency Account is required to ensure seamless transactions when opening or closing a portfolio. Any one of the following Multi-Currency Accounts may be used as the funding account for investing in digiPortfolio :
The funding accounts currently accepted are individual accounts
The fall below fee for the MCA account will be waived for accounts that were opened specifically to fund your digiPortfolio.
We currently only accept individual Multi-Currency accounts and offer only individual digiPortfolios.
You may do it anytime from internet banking (iBanking). Here’s how:
Through digibank online:
For mobile banking, here’s how:
Simply login to digibank online or digibank app and access ‘digiPortfolio’ via the ‘Invest’ button.
For digibank online:
For digibank app:
As digiPortfolios may be purchased in two currencies, S$ and US$, a Multi-Currency Account is required to ensure seamless transactions when opening or closing a portfolio. Any one of the following Multi-Currency Accounts may be used as the funding account for investing in digiPortfolio: My Account, eMulti-Currency Autosave (eMCA), eMulti-Currency Autosave Plus (EMCA+), Multi-Currency Autosave Plus and Multiplier account.
The funding accounts currently accepted are individual accounts.
The fall below fee for the MCA account will be waived for accounts that were opened specifically to fund your digiPortfolio.
You will need to top up your S$ or US$ wallet in your Multi-Currency Account by transferring in monies from your Savings or Current Account. This can be done instantly via digibank online or digibank app.
No. Currently, digiPortfolio is not included in the list of investment products for which CPF or SRS funds can be used. We will provide an update if digiPortfolio becomes included.
Details of the underlying ETFs in each portfolio are available in the Portfolio Details page in digibank online and digibank app. You will be able to view the fund prospectuses and fact sheets. In addition, there are short commentaries from the DBS Investment Team on the reasons for including each ETF in the portfolio.
Management fees are debited once a year. In the event that you close your portfolio, the applicable fees will be debited prior to closure.
Simply log in to digibank online or digibank mobile to view details of your digiPortfolio and holdings.
You can top up your portfolio at no minimum/maximum cap anytime you wish with no additional fees. Simply click on the top-up button next to your existing portfolios in digibank to increase your investment amount for the respective portfolio.
For withdrawals, you only need to maintain the minimum investment sum for your selected digiPortfolio by clicking the withdraw button.
This may involve selling some or all of your holdings in the portfolio. The selling process will take several days.
After logging into digibank, select the digiPortfolio you wish to close and submit your closure request. If you have multiple digiPortfolios, you will need to repeat this process for each one. The holdings in the selected digiPortfolio will be sold with the proceeds returned to your Multi-Currency Account. Please ensure that your Multi-Currency Account remains open until the proceeds have been credited successfully as the selling process will take several days: for Income/SaveUp digiPortfolios, it will take between 7-10 business days while the process for ETFs-based digiPortfolios will require between 3-5 business days. These estimated timelines comprise of regular market settlement timelines for funds and ETFs.
No, once the closure request is submitted all the holdings in the digiPortfolio will be sold and the proceeds returned to your Multi-Currency Account. If you wish to remain invested in specific ETFs, you will need to purchase them individually via the DBS Online Funds Investment platform or via a regular savings plan through Invest-Saver.
You can set up recurring top ups for digiPortfolio via the digibank app. Here’s how:
For new digiPortfolio customers
For existing digiPortfolio customers
Recurring top ups can be made for these digiPortfolios:
Yes. You can modify your recurring top up via the digibank app by following these steps:
Please expect changes to be effective after 1 day.
You may terminate your recurring top up instruction any time via the digibank app by following these steps:
Please expect the termination to be effective after 1 day. Any top ups scheduled for the same day will continue to occur.
Calculation of Management Fees:
Portfolio Type | Asia Portfolio (0.75% p.a.) | Global Portfolio (0.75% p.a.) |
---|---|---|
Management Fee | S$7.50 a year for a portfolio value of S$1,000 | US$7.50 a year for a portfolio value of US$1,000 |
The prevailing GST is applicable on the management fee for the respective Portfolio type.
There is only one fee.
Based on the portfolio value, the annual management fee is at 0.75% p.a. for both the Asia Portfolio and Global Portfolio. There are no other sales charges, platform fees, switching fees, withdrawal fees or closure fees.)
This management fee goes towards the research, investment strategy, market monitoring and rebalancing of the digiPortfolio and is charged once a year, or at the time of portfolio closure.
digiPortfolio’s objective is to achieve a return befitting the respective mandate over an investment cycle of 3 – 5 years while managing the price fluctuation (risk) because of the market.
To achieve this, our strategy is to invest in a portfolio of exchange traded funds across asset classes including fixed income (bonds) and equity. Bonds provide steady income streams and equities provide capital growth. For any specific mandate, we will adjust the weights in either bonds or equities depending on our view on the market. We form this view together with our Chief Investment Officer (CIO) team – a dedicated team of analysts that form macro strategy. For example, in the Comfy Cruisin’ Portfolio that is initially 45% invested in bonds funds, 50% in equities funds and 5% in cash, we would increase the weight in equities and decrease the weight in bonds if we believed that equities would outperform bonds over a certain period of time. Our adjustments are calibrated and not excessive.
The DBS Investment Team undertakes prudent risk management to guard against excessive risk in the portfolios. Our portfolio specialists consider acceptable price fluctuations to achieve certain returns.
Risk management also mitigates downside risks if our projections do not work out as we may have intended. For example, if we took an outsized investment in equities and it corrected heavily, it would cause undue stress to the portfolio. Having risk management standards and practices in place provides safeguards in the decision-making process.
To make the portfolio effective, the portfolios are reviewed quarterly and rebalanced when necessary.
Regular rebalancing enables the portfolios to remain resilient no matter how the market moves.
We believe that one should take a long-term view when investing to enjoy the benefit of compounded returns. Staying focused on long term targets will help investors overcome the anxieties caused by short term market volatility. A good guide is an investment cycle of 5 years.
Compounding generates additional gains by staying invested. In the illustration below, based on an initial investment amount of $10,000, a 6% annual return reaps $3,000 over 5 years if the investor withdraws the gains every year. If the investor did not withdraw the gains and stayed fully invested, the profit after 5 years would be $3,382 instead or $382 more.
Year | 1 | 2 | 3 | 4 | 5 | Cumulative |
---|---|---|---|---|---|---|
Simple | $10,600 | $11,200 | $11,800 | $12,400 | $13,000 | $3,000 |
Compound | $10,600 | $11,236 | $11,910 | $12,625 | $13,382 | $3,382 |
Short term investing requires good skill and timing to achieve success. However, this is difficult to execute during periods of volatility. The chart below is the MSCI World Index from 2013 to 2017. Suppose an investor started investing in 2013, he would have made some profit before meeting the rough patch in 2015. He may then decide to sell his investments to avoid further volatility. He may even wait a while before returning to the market. This may have meant missing out on the rally that proceeded in 2017. If he had stayed fully invested during the whole period, he could have benefited from the full 58% gain.
Many robo-advisors in Singapore are stand-alone fintech companies with limited market capital, or part of the brokerage platforms of banks, which are separate from the full suite of banking products and services.
digiPortfolio is created and delivered by the Safest Bank in Asia and Best Digital Bank Globally. View Awards & Accolades.
DBS Bank also enjoys the highest credit ratings from the three top credit rating agencies in the world. digiPortfolio’s investment process is completely integrated into the bank’s secure systems so you have peace of mind knowing you are not being redirected to a third-party platform to transact. This also affords greater convenience as your internet banking login details are the only credentials needed to start investing