You may use the Cash Fund to make direct payments for your cash purchases, without any time lag. When you feel that it is time invest in a particular unit trust or SGS bond, you can switch funds out of your Cash Fund at anytime, to conduct such a purchase transaction. In the event that you sell your unit trusts or SGS bonds, you can also choose to park your cash sales proceeds in the Cash Fund, for future cash purchases.

In addition to the ease and convenience of transacting, you may also park your money in the Cash Fund to earn potentially better returns than that of saving accounts. This makes the Cash Fund an excellent and convenient avenue to park your inactive monies while waiting for the right time to make an investment. To make things even better, parking of monies in the Cash Fund involves zero sales charges!

Unlike the forward pricing basis applied to most unit trusts, the Cash Fund will be priced on the historical pricing basis. This means that the investors who buy into the Cash Fund will be able to view the fund’s actual unit price for the preceding trading day, and buy into the fund at that price, after 12 pm on each trading day. Forward pricing, on the other hand, only allows investors to view the price at which they have bought in their units on a particular trading day, one or two trading days after the date of transaction.

Besides using cash, investors will also enjoy the extra option of using their SRS monies to invest into the Cash Fund, to earn potentially better returns than that offered by the SRS banks.

The daily unit price of the fund will vary with the interest rates offered by the various underlying bank deposits in which the fund invests.

Investors who execute a buy or sell transaction on the Cash Fund on a Monday or the first business day after the public holiday(s), will have the price of their units determined on the calendar day* immediately before the date of transaction.

* A calendar day includes Saturdays, Sundays and designated public holidays.

For more details on revised price determination basis for the cash fund, please click here

Subsequently, you can mail us a cheque, make an Internet bill payment (for UOB, OCBC, DBS and SCB Internet bank customers), or do a telegraphic transfer.

For the details on each payment method, please refer to Payment Methods FAQ

Once done, you may proceed to place a buy order and indicate SRS as the payment method.

Once we receive the payment for your orders before 3pm on each business day, your orders will be transacted. Payment received after 3pm will be transacted on the next business day. Orders received on a non-business day will also be transacted on the next business day.

For cash orders ( for USD/ EURO/ Australian Dollar Dollars)

Once we receive the payment for your orders before 3pm on each business day, your payment will be converted into Singapore Dollars (SGD)on the same day. The payment in SGD will also be used to purchase the Cash Fund on the same business day.

For SRS orders

The buy orders will be transacted 1 business day after the day you had placed a SRS buy order before 3pm. This is due to the time taken to request for the monies from your SRS agent bank before processing your buy order. We will request for the SRS monies from your SRS agent bank on the following business day after you have placed a buy order before 3pm on any business day.

All cash orders will be completed on T +1 from the day they are transacted. All units are priced on the calendar day immediately before the transaction date (T-1).

For SRS orders

All SRS orders will be completed on T +4 from the day they are transacted. All units are priced on the calendar day immediately before the transaction date (T-1).

Click here to view the FAQs on RSP.

If you mail a cheque or make an Internet payment for your cash purchases, your orders will only be transacted when the payment is received.

The FSM sales charge of the unit trust will be incurred and deducted from your investment amount.

You will receive 3 emails in total from us: one when we receive your online buy order, second when your switch-sell fund has been priced and the third when your switch-buy fund has been priced.

Due to the historical pricing method used for the Cash Fund, the selling price will be based on the NAV of the calendar day immediately before the date of the transaction.

If you sell the Cash Fund (which was purchased via cash), the proceeds (SGD)will be sent to you either by cheque or deposited into your designated bank account on T+1. Please note that your designated bank will take 1 business day to clear the cheque.

As the Cash Fund is based on historical pricing, the selling price will be based on the previous calendar day immediately before the date of the transaction.

You may also sell the proceeds into the FSM Cash Account (USD). The sales proceeds from selling the Cash Fund will be converted into USD and parked in your FSM Cash Account (USD)on T+2. The FX rate will be based on T.

For SRS orders

For investors who bought into the Cash Fund using their SRS monies, the proceeds from the sale of the Cash Fund will be credited into your SRS agent bank on T+4.

Choosing the Cash Fund as redemption method is equivalent to placing an Inter-switch order to switch your unit trust into Cash Fund.

For Cash Investments:
The sales proceeds of unit trust will be used to buy into the Cash Fund one business day before the settlement date of the sell order.

For SRS Investments (IA units):
The sales proceeds of unit trust will be used to buy into the Cash Fund on the T+7 business days. T is the transaction date of the sell order.

For SRS Investments ( Non-IA units):
The sales proceeds of unit trust will be used to buy into the Cash Fund on the T+8 business days. T is the transaction date of the sell order.

A sell order into the Cash Fund will be treated as an Inter-switch order, i.e., a switch from your unit trust into the Cash Fund, you will be receiving a switch order email confirmation from us.

You will receive 3 emails in total from us: one when we receive your sell order, a second email when the fund you sell has been priced, and a third email when your switch-buy fund has been priced.

The sales proceeds from the Cash Fund, after deducting the FSM sales charge, will be used to buy into another unit trust. Such inter-switch order is equivalent to placing a unit trust buy order with the “Cash Fund” as the payment method.

All Inter-Switch orders submitted before 3pm on a business day will be transacted on the same day. Switching from the Cash Fund to another fund will be done on the same day.

The sales proceeds of the unit trust will be used to buy into the Cash Fund on the settlement date.

Such an inter-switch order is equivalent to placing a sell order for a unit trust with 'Cash Fund' as the redemption method.

All inter-switch orders submitted before 3pm on a business day will be transacted on the same day.The sale of the switch-sell fund will be transacted on T.

For Cash Investments:
The sales proceeds of unit trust will be used to buy into the Cash Fund on the settlement date of the switch-sell order.

For SRS Investments (IA units):
The sales proceeds of unit trust will be used to buy into the Cash Fund on the T+7 business days. T is the transaction date of the switch-sell order.

For SRS Investments ( Non-IA units):
The sales proceeds of unit trust will be used to buy into the Cash Fund on the T+8 business days. T is the transaction date of the switch-sell order.

For the maximum price orders, we will attempt to meet your stipulated price for 10 business days from the day the order is put through online. Within these 10 days, the holding that has been earmarked for the purchase of your SGS Bonds will continue to earn the net interest rate on your Cash Fund. This amount cannot be used for other types of cash purchases. Once your stipulated price is met, the exact investment amount is then computed and withdrawn from your Cash Fund holdings. If your stipulated price is not met over these 10 days, your order will be deemed to be unfulfilled and your payment will not be deducted, but will remain in the Cash Fund.

Click here to go to SGS Bonds FAQ

If you want the proceeds to be deposited into your designated bank account provided under the Direct Credit Instruction, simply uncheck the Cash Fund box during the sell process.