It uses the concept of dollar cost averaging, an effective strategy that avoids trying to time markets. By investing regularly, more units are bought when prices are low and less units when prices are high. As a result, in rising or fluctuating markets, the average cost for all the units can be lower than the average price during the same period.

At Fundsupermart.com, the date for RSP subscription is the 8th of every month (or next working day if the 8th is a non-business day).

For the funds that are not listed in RSP Special List

You must first invest the required minimum initial investment amount before you can set up a RSP. Once you have invested the initial investment amount using cash or CPF, you can apply for a RSP using Cash via Direct Debit (DDA) or CPFIS-OA.

For example: If you have made an initial investment in a fund using Cash, you may now apply for RSP in this same fund using CPFIS-OA/CPFIS-SA/SRS or vice-versa.

For the funds that are listed in RSP Special List

There is no minimum holding required. The RSP Special List funds will appear in the selection list when you click on RSP tab > Apply. Similarly, you can apply for a RSP using Cash via Direct Debit (DDA) or CPFIS-OA. Please click on RSP tab > RSP Special List to view the full list of fund.

If you are applying to pay via GIRO, you need to download, print and sign a Direct Debit Authorization (DDA) form when you are applying. You can print the DDA form at the end of the RSP application online. Submit the form to us and we will forward the form to your bank for approval. Generally, it will take 1 to 2 months for the DDA to be approved. You will receive an email from us once approval is obtained. We will also indicate in the email when the first investment will be made.

CPF-OA / CPF-SA / SRS

Application for RSP for CPF-OA / CPF-SA / SRS is paperless and do not require any forms. You will be informed by email once the application is approved and when the first investment will be made.

Note: A termination request received during freezing period will only be effective from the next RSP cycle.

For RSP-DDA :

Termination request received between 27th of the month to 12th of the following month will only be effective from the next RSP cycle, as existing approved RSP-DDA would have been processed for deduction on the 8th of the current month.

For RSP-CPF/SRS:

Termination request must be submitted at least 4 business days prior to the RSP subscription date ( 8th of every month, or the next business day if the 8th is a non-business day) to be effective for the current month.

Note: Change of amount request received during the freezing period will only be effective from the next RSP cycle.

For RSP-DDA:

Change of amount request received between 27th of the month to 12th of the following month will only be effective from the next RSP cycle, as existing approved RSP-DDA would have been processed for deduction on the 8th of the current month.

For RSP-CPF/SRS:

Change of amount request or Termination request must be submitted at least 4 business days prior to the RSP subscription date ( 8th of every month, or the next business day if the 8th is a non-business day) to be effective for the current month.