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Licensed dealer and Financial Adviser   CPFIS Registered Investment Administrator
fundsupermart.com
 
FAQ

18. Regular Savings Plan (RSP)
1) What is a Regular Saving Plan (RSP)?
2) How do I apply for RSP or RSP Special List?
3) Is there a minimum monthly investment amount?
4) Do I need to sign any forms?
5) What is the frequency of the regular investment?
6) Can the RSP done in Non-SGD currency?
7) When is the subscription date or transaction date of my RSP?
8) Where can I see the sales charges applicable for RSP investment? Any other miscellaneous charge?
9) When will Fundsupermart deduct my monthly RSP investment amount?
10) How will I be informed of my RSP investments?
11) Is there a minimum participation period?
12) How do I change my monthly RSP investment amount?
13) How do I change my RSP fund to another fund?
14) What are the other important information that I need to know about RSP?
15) Under what circumstances will my RSP be terminated automatically?
16) I have performed a full redemption/switch sell my RSP fund after deduction has been done and RSP has been terminated. When will Fundsupermart refund my monies?

Q: What is a Regular Saving Plan (RSP)?

A: A RSP is a monthly subscription plan that enable you to invest a fixed amount of money into a particular fund on a regular basis.

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).
 
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Q: How do I apply for RSP or RSP Special List?

A: To apply for an RSP, please login to your account and click on Investments > Start An Apply. RSP Special List is a list of funds where you are not required to have an initial investment for the funds before starting the RSP. The minimum RSP investment amount for most of the funds is SGD100 per month.

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. Do note that the RSP will only commence after the initial purchase cycle is completed by T+4 business days.

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 Investments > Start An Apply . Similarly, you can apply for a RSP using Cash via Direct Debit (DDA) or CPFIS-OA. Please click on Investments > RSP Special List to view the full list of fund.

 
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Q: Is there a minimum monthly investment amount?

A: Yes, the minimum monthly RSP investment amount starts from $100 for most of the funds. Refer to the respective fund factsheet and you will be able to view the amount under 'Funds Info' section.
 
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Q: Do I need to sign any forms?

A: Direct Debit Authorization (DDA) / GIRO

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.
 
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Q: What is the frequency of the regular investment?

A: Monthly. There is no other type of frequency.
 
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Q: Can the RSP done in Non-SGD currency?

A: No, the RSP is only available in SGD currency. In another word, you can apply RSP for any Non-SGD fund but the RSP investment currency is only available in SGD.
 
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Q: When is the subscription date or transaction date of my RSP?

A: The subscription date is the 8th of every month, or the next business day if the 8th is a non-business day.
 
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Q: Where can I see the sales charges applicable for RSP investment? Any other miscellaneous charge?

A: You can view RSP sales charges by referring to the Fundsupermart RSP sales charge on the respective fund factsheet page. Other than FSM sales charge, there is no any miscellaneous charge incurred. You can click here to find out more about our pricing structure.
 
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Q: When will Fundsupermart deduct my monthly RSP investment amount?

A: The monthly deduction date for ALL RSP (with Direct Debit/GIRO, CPFIS-OA, CPFIS-SA and SRS deductions) will be on 3 business days before the RSP subscription date.
 
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Q: How will I be informed of my RSP investments?

A: Similar to normal lump sum investments, we will inform you of the trade details and status by email. You can also view your RSP investments by going to "View Holdings".
 
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Q: Is there a minimum participation period?

A: No. You may submit a termination request online anytime by going to Investments> View/Edit RSP Details . Click on 'Edit' button to proceed to terminate your RSP plan. There is no charge incurred.

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:

New RSP application request must be submitted at least 2 business days prior end of the month to be effective for the upcoming RSP cycle.
 
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Q: How do I change my monthly RSP investment amount?

A: You may change your monthly RSP investment amount online by going to Investments > View/Edit RSP Details . Click on 'Edit' button to update your new RSP investment amount.

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.
 
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Q: How do I change my RSP fund to another fund?

A: You will need to terminate the RSP of the existing fund and after that, apply the RSP for the new fund.

To terminate the RSP, please go to RSPInvestments> View/Edit RSP Details.

To apply a new RSP to the new fund, please go to Investments> Start An .

Note: Do take note on the freezing period of the RSP. Please click here to find out more.
 
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Q: What are the other important information that I need to know about RSP?

A: In conjunction with the enforcement of new CPFIS restrictions, FSM has implemented New Procedures to ALL RSP Plans (Direct Debit/GIRO, CPFIS-OA/CPFIS-SA/ SRS) effective from April 2008 onwards:

  • To prevent the possibility of failed trades, the monthly deduction date for ALL RSP deductions (with Direct Debit/GIRO, CPFIS-OA, CPFIS-SA and SRS) will be standardised at 3 business days before the RSP subscription date.

  • RSP will be terminated automatically after 3 consecutive failed RSP deductions. An email will be sent to notify the investors of the voided RSP. On top of this, FSM will also send a reminder email to the respective RSP investors after 2 consecutive failed RSP and before the 3rd RSP deduction.
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    Q: Under what circumstances will my RSP be terminated automatically?

    A:
  • The RSP will be terminated automatically after 3 consecutive failed RSP deductions. The RSP deductions may fail due to insufficient funds in the bank account, CPF or SRS accounts. An email will be sent to notify the investors of the voided RSP. On top of this, FSM will also send a reminder email to the respective RSP investors after 2 consecutive failed RSP and before the 3rd RSP deduction.

  • The RSP will be terminated automatically if you are participating in the RSP and subsequently redeem all your holdings.

  • The RSP will be terminated automatically with immediate effect if the mailing address is updated to U.S / Ireland / Canada address as there are some restrictions for the citizens/residents. Please click here to find out more.

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    Q: I have performed a full redemption/switch sell my RSP fund after deduction has been done and RSP has been terminated. When will Fundsupermart refund my monies?

    A: Your monies will be refunded back to your bank account approximately 1 week after the RSP subscription date.
     
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    For further assistance, call our helpline at 6557 2853 from 9am to 6pm on Mondays to Fridays (excluding weekends & public holidays).