Regular Savings Plan (RSP)
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Today, whether you are planning for retirement, saving for your children, or achieving any financial goals, you need a sound investment plan and the right product to see you right through. In this scheme, the high potential returns, reasonable risk and cost effectiveness of Unit Trusts with a risk management tool. It is known as the Regular Savings Plan or RSP for short.
Regular Savings Plan is a investment plan that can help you meet financial goals that you have in mind. It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility.
The Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging.
This is achieved by investing a smaller fixed amount regularly, regardless of the timing or the individual cost of investments.
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| What is dollar cost averaging? |
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Dollar cost averaging is a well-proven and recognized tool in risk management, which advocates the exact opposite of dangerous market timing. Your fixed amount of money will buy more units when prices are low and less when prices are high. If you invest often and long enough, it will help you to average out the market’s peaks and troughs.
Instead of investing one lumpsum of your money, you gradually build your portfolio by investing a small amount regularly over a period of time.
Illustration:
Looking at the table below, if an investor were to have invested $100 monthly over a 10-month period in a volatile market with dollar cost averaging.
The illustrative example is meant for illustrative purposes only and should not be relied upon as advice.
From the above illustration, an investor would have benefitted from the price volatility and obtained more units at a lower average price as compared to a one time lumpsum investment at a potentially higher price.
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| What makes RSP unique? |
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With RSP, you can apply the expertise of risk management with savvy, even if you are new to unit trusts.
Features of RSP:
 Automatic: All you need is a link to your bank account via GIRO for cash investment or simply provide your CPF investment Account Number and CPF Account Number for CPF investment, and the RSP will be ready for your investment upon GIRO linkage approval for Cash RSP investment.
Affordable and Flexible: You need as little as $100 a month to get started on this plan via our Phillip Unit Trust online trading platform. For more details, please go to Fund Finder -> RSP Info or RSP Approved Fund lists.
Wide Choices of Funds: Whether you are a risk-averse or an aggressive investor, your unique requirements could be met with more than 200 unit trusts managed by world renowned fund managers. Visit RSP Approved Fund lists for more details.
Flexible: You can adjust your monthly investment contribution (subject to the minimum investment amount), change your fund selection or cash in your investment any time you wish.
Track your portfolio: With access to our online trading platform and regular electronic statements, you can monitor and track your portfolio performance anytime and anywhere.
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| RSP Calculator |
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How to start?
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If this is your first time investing via RSP:
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RSP Cash
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Mail the GIRO form to:
Attn: Unit Trust Marketing Department
Phillip Securities Pte Ltd
250 North Bridge Road
#06-00 Raffles City Tower
Singapore 179101
Alternaitvely, you can pass the form to the nearest Phillip Investor Centre.
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Usually, it takes two months for the GIRO linkage to be approved. If you wish to start RSP ASAP, you can pay the first two subscriptions in advance with a cheque payable to Phillip Securities Pte Ltd. Once GIRO is approved or pre-payment is received, your RSP will start.
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RSP CPF/SRS
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Please ensure that:
1) a standing instruction with your CPF investment bank is signed, and;
2) CPF/SRS investment Account Number and CPF/SRS Account are submitted to Phillip Securities.
Importand Note: After two consecutive unsuccessful deductions, RSP Cash/CPF/SRS may be subsequently terminated, and you may be liable for any losses and charged incurred.
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Click here to read the frequently asked questions
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To see a list of RSP funds, click here.
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To start RSP, click here.
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* For subsequent investments into a RSP, you can contribute to use your existing GIRO linkage.
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