About Fundsupermart

Fundsupermart.com is the online unit trust distribution arm of iFAST Financial Pte Ltd. It carries the Capital Markets Services (CMS) License and Financial Adviser (FA) License issued by the Monetary Authority of Singapore (MAS), and is also an appointed Central Provident Board (CPF) Investment Administrator.

iFAST Financial Pte Ltd is an entity licensed by MAS to conduct the following regulated activities:

- Advising others,

• either directly or through publications or writings, or
• by issuing or promulgating research analyses or research reports and whether in electronic, print or other form, concerning the following investment products:
  • Life policies
  • Securities other than collective investment schemes
  • Collective investment schemes

- Marketing of any collective investment scheme

- Arranging of any contract of insurance in respect of life policies

Fundsupermart.com also provides a transactional platform for SGS bonds that were previously issued in the primary market. As a secondary dealer, it administers the entire buy/sell process for SGS bonds, including coupon payments, and it interfaces with MAS-appointed primary dealers to obtain price quotes for all SGS bonds (SGS primary dealers are committed to making continuous 2-way prices for SGS under all market conditions).

iFAST Financial Pte Ltd is a wholly-owned subsidiary of iFAST Corporation Pte Ltd. The two corporate shareholders behind iFAST Corporation are SPH AsiaOne Ltd, the Internet arm of Singapore Press Holdings, Singapore's largest media group, and DMG & Partners Securities Pte Ltd (51% owned by OSK Investment Bank of Malaysia and 49% owned by Deutsche Bank).

Fair Dealing

iFAST is committed to sustainable business practices that are supported by a range of initiatives. For iFAST, fair dealing is about conducting our business in a transparent and ethical way that enhances value for all of our stakeholders and delivers fair dealing outcomes to our customers. Fair dealing is central to iFAST and the senior management and the board of iFAST are committed to aligning the direction of iFAST with fair dealing outcomes to all stakeholders. We recognise that this is a journey and best practice is continuously evolving.

Fundsupermart milestones

iFAST Corp has expanded beyond local shores. Being the holding company for overseas iFAST subsidiaries, iFAST Corp launched Fundsupermart.com in Hong Kong in 2007, and entered into a joint venture agreement with OSK Investment Bank Bhd to prepare for its business entry in Malaysia. In the following year, iFAST Corp entered into a joint venture agreement with Deutsche Bank's asset management division, to expand its businesses to India in the first half of 2009. iFAST clinched the second position at the Enterprise 50 Awards in 2008 and was awarded the Business Superbrands status in 2010.

iFAST Financial is a CPFIS-Registered Investment Administrator (IA)

What is CPFIS-registered IA?

iFAST Financial Pte Ltd attained the CPFIS-registered Investment Administrator (IA) status on 1 March 2005. With the CPFIS-IA status, iFAST Financial is able to draw a consolidated amount directly from your CPF agent bank for all your CPF investments. What this means is that you enjoy huge savings in agent bank charges when you invest your CPF monies.

When you purchase a fund on distributors with non-IA status, the distributor sends the instructions to the fund house, which would then draw monies from your CPF agent bank account to make payment for the purchase. If you purchase funds from different fund houses, each of them will individually draw from your CPF agent bank account. Each time this happens, you incur CPF agent bank charges.

How are the agent bank charges different?

Summary of Agent Bank Charges
Type of transaction	Before IA	After IA
Per buy transaction	*$2.50 per 1,000 units or part thereof subject to a maximum of $25 per fund	$2.50 regardless of number of units and number of funds
Per sell transaction	*$2.50 per 1,000 units or part thereof subject to a maximum of $25 per fund	$2.50 regardless of number of units and number of funds
Per fund switch (This involves a sell transaction followed by a buy transaction)	Sell: *$2.50 per 1,000 units or part thereof subject to a maximum of $25 per fund + Buy: *$2.50 per 1,000 units or part thereof subject to a maximum of $25 per fund	No agent bank charges incurred whatsoever
Quarterly service charge	*$2.00 per fund	$2.00 regardless of number of funds

*Based on DBS Bank and OCBC Agent Bank charges

What are the cost savings?

Summary of Cost Savings
	Transaction	"Non-IA" Status Funds that have been purchased before IA	"IA" Status Funds that have been purchased after IA	Cost Savings
BUY	I invest $10,000 each into 5 funds. Each fund is priced at $1.	I will be paying $25 on every fund. Total cost for 5 funds at point of transaction: $125 Quarterly charge: $40 per year TOTAL COST THAT YEAR: $165	Total cost for 5 funds at point of transaction: $2.50 Quarterly charge: $8 flat per year TOTAL COST THAT YEAR: $10.50	98% savings 80% savings TOTAL SAVINGS THAT YEAR: 94%
SELL	I sell 5 funds each worth $10,000. Each fund is priced at $1.	I will be paying $25 on every fund. Total cost for 5 funds at point of transaction: $125 TOTAL COST THAT YEAR: $125	Total cost for 5 funds at point of transaction: $2.50 TOTAL COST THAT YEAR: $2.50	98% savings TOTAL SAVINGS THAT YEAR: 98%
SWITCHING - Involves a sell transaction followed by a buy transaction	I switch $10,000 of 1 fund into another. Each fund is priced at $1.	Sell: I will be paying $25. Buy: I will be paying $25. TOTAL COST: $50	No agent bank charges incurred whatsoever.	TOTAL SAVINGS THAT YEAR:100%
RSP	I do a Regular Savings Plan (RSP) transaction of $1,000 into 5 fund every month for 1 year. Fund price is $1.	I will be paying $12.50 every month. TOTAL COST OF RSP TRANSACTION THAT YEAR: $150	I will be paying $2.50 a month. TOTAL COST OF RSP TRASACTION THAT YEAR: $30	TOTAL SAVINGS THAT YEAR: 80%