1. Section 305 of the Securities and Futures Act (“SFA”) states that restricted schemes can only be offered to either:
(i) a “relevant person”, or
(ii) a person who acquires the units at a consideration of not less than $200,000 (or its equivalent in a foreign currency) for each transaction.

2. Definitions:
"Relevant Person" means —
(a) an accredited investor;
(b) a corporation the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor;
(c) a trustee of a trust the sole purpose of which is to hold investments and each beneficiary of which is an individual who is an accredited investor;
(d) an officer or equivalent person of the person making the offer (such person being an entity) or a spouse, parent, brother, sister, son or daughter of that officer or equivalent person; or
(e) a spouse, parent, brother, sister, son or daughter of the person making the offer (such person being an individual).

a) An annual income of more than S$ 300,000 or
b) Net assets exceeding S$2,000,000

Documents required:

a) An annual income of more than S$ 300,000
1. Signed Accredited Investor Declaration Form,
2. Supporting documents i.e. the latest Income Tax Assessment, OR

b) Net assets exceeding S$2,000,000
1. Signed Accredited Investor Declaration Form,
2. Signed Assets and Liabilities Declaration Form,
3. Supporting documents (e.g. latest bank statement, property tax statement, bank credit card statement, or equivalent to proof)

You can download the forms at Transactions > Forms.

Please mail the completed documents to:
FSM Platinum Club Membership
Fundsupermart.com
10 Collyer Quay #26-01
Ocean Financial Centre Building
Singapore 049315

An email notification will be sent to you once you have confirmed the order online.

For daily-valuation funds, the order will be transacted on the same day if your order and payment is received before 3pm.

For non-daily valuation funds (e.g. weekly & monthly valuation), your order will be transacted on the next/ dealing day of the respective funds.

Cheque shall be make payable to “iFAST Financial – Client Trust Account”.

Mail the cheque to:
10 Collyer Quay #26-01
Ocean Financial Centre Building
Singapore 049315

2. By Nikko Shenton ShortTerm Bond (SGD) / Cash Fund (SGD) / USD Cash Account

If you have sufficient balance in your Nikko Shenton ShortTerm Bond (SGD) / Cash Fund holding / USD Cash Account, you may choose to pay by either one of the above respectively.

Note: In any case where the payment currency is different from the fund currency (e.g. purchase a USD denominated fund using Cash Fund), we will convert the currency of your payment accordingly before submitting to the Fund Manager.

1. Switch from a Retail Fund to a Restricted Fund
2. Switch from a Restricted Fund to a Retail Fund
3. Switch from a Restricted Fund to another Restricted Fund

Note:

i.Switching may not be available for some Restricted Funds. ii.Switching from a non-daily valuation Restricted Fund is not available.

1. Switch from a Retail Fund to a Restricted Fund: Investments > Switch Inter
2. Switch from a Restricted Fund to a Retail Fund: Investments > Switch
3. Switch from a Restricted Fund to another Restricted Fund: Investments > Switch

After confirming the order online, an email notification will be sent to you as well.

* Below are the exceptions where the switching charge is applicable:
i. Switching from a fund with 0% sales charge (typically Money Market Fund) to another fund: prevailing FSM sales charge applies.
ii. Switching from a lower-tier fund (0.5% FSM initial sales charge) to a higher-tier fund (1% FSM initial sales charge): a switching charge of 0.5% applies.

After confirming the order online, an email notification will be sent to you as well.

For daily-valuation funds, the order will be transacted on the same day if your order is received before 3pm on any business day.

For non-daily valuation funds (e.g. weekly & monthly valuation), your order will be transacted on the next/ coming dealing day of the respective funds.

1. By Nikko Shenton ShortTerm Bond A (SGD) / Cash Fund (SGD)

The sales proceeds will be purchased and parked in your Nikko Shenton ShortTerm Bond A (SGD) / Cash Fund on the settlement date respectively.

2. By Cheque

The sales proceeds will be deposited into your designated bank account in your account details on the settlement date. If such direct credit instruction is not updated, we will mail the cheque to your mailing address.

Note: In any case where the sales proceeds currency is different from the fund currency (e.g. sell a USD denominated fund with the Cash Fund chosen as the redemption method), we will convert the currency of your sales proceeds accordingly.