You can follow the steps below to apply for RSP:

1. Login to your account and go to Transact > Funds (Unit Trusts)
2. Search for the fund and click on “Buy” button.
3. Select the payment method and key in the monthly RSP amount.
4. Add product in cart and proceed to checkout.
5. Check on the Disclaimer & Verification box, enter login password to confirm order(s).

A special list of funds which allow investors to start investing without any initial investment amount at all. This means that for as little as S$100 per month, you can start your investment plan straight away and make your money work harder for you!

For the funds that are listed in RSP Special List
There is no minimum holding required.
You can view the full RSP Special List at Funds > Apply for RSP.

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 an RSP.

Once you have invested the initial investment amount, you can apply for an RSP with another payment method. 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. Otherwise, the RSP will only commence after the initial purchase cycle is completed by T+4 business days.

There is no limit to the number of Unit Trusts you can invest in under the Regular Savings Plan (RSP). The minimum investment is generally S$100 per fund per month, depending on the fund.

You may refer to the respective fund factsheet to view the minimum RSP amount by click on 'Information' and look for "Min. RSP Investment".

Direct Debit Authorization (DDA) /GIRO
For Unit Trust RSP payment via GIRO (Direct Debit Authorization), please print out the pre-filled GIRO form at My Account > Regular Savings Plan > click on “Form” button. Then, sign on it and mail it to our office.

Generally, it will take 1 to 2 months for the GIRO to be approved. Once the approval is obtained, you will be notified via email with the RSP commencement date in it.  

eGIRO/Auto Sweep Account/Cash Account/CPF-OA/CPF-SA/SRS
Application for Unit Trust RSP via eGIRO/Auto Sweep Account/Cash Account/CPF-OA/CPF-SA/SRS is paperless.

Note:
- If you set up the RSP under the same investment account using an already approved GIRO arrangement, no additional form is required.
- If you apply the RSP with new GIRO, a new GIRO application form is required.

Payment methods:

• eGIRO/GIRO (Direct Debit Authorization - a deduction from your bank account)
• CPFIS-OA
• CPFIS-SA
• SRS
• Cash Account
• Auto Sweep Account (w.e.f 28 June 2021)

Frequency:

• Monthly

eGIRO/GIRO/CPF-OA/CPF-SA/SRS/Auto-Sweep Account
The Unit Trust RSP is only available in SGD currency. You can apply RSP for non-SGD fund but the RSP investment currency will only be in SGD.

Cash Account
You can apply RSP using any foreign currency Cash Account. Foreign currency conversion rate (FX) will be based on Transaction Date (T) of your purchase order.

The Unit Trusts RSP subscription date is 8th of every month and order will be transacted on the same day if it is a fund-trading day. Otherwise, the transaction date will be the next fund-trading day.

The Unit Trusts RSP buy in date is determined by FSM Global. The subscription date is 8th of every month and order will be transacted on the same day if it is a fund-trading day. Otherwise, the transaction date will be the next fund-trading day.

eGIRO/GIRO/CPFIS-OA/CPFIS-SA/SRS
The deduction date will be on 3 business days before 8th of every month (RSP subscription date).

Cash Account/Auto Sweep Account
The deduction date will be on 8th of every month. Please ensure sufficient available balance in the Cash Account/Auto Sweep Account before 8th of each month.

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 My Account > Processing/Pending Transactions and/or Historical Transactions.

There is no minimum participation nor lock-in period for this. At any time, you may submit a termination request online by going to My Account > Regular Savings Plan, click on 'Edit' button to terminate your RSP. There is no cancellation fee.

For RSP via eGIRO/GIRO/CPFIS-OA/CPFIS-SA/SRS
Termination request received during the freezing period, between 27th of the month to 12th of the following month, will only be processed on 13th and effective from the next RSP cycle.

For RSP-Cash Account/Auto Sweep Account
Upon termination submission, the request will be effective immediately. However, if termination submitted on 8th (RSP buy date), the RSP subscription of the month will still continue and it will only stop from the next RSP cycle.

You may go to My Account > Regular Savings Plan to view the status of your RSP and click on 'Edit' button to change your monthly RSP investment amount.

Do note that the change of amount request received during the freezing period will only be effective from the next RSP cycle. The freezing period is as stated below:

eGIRO/GIRO/CPFIS-OA/CPFIS-SA/SRS
Change of amount request received between 27th of the month to 12th of the following month will only be processed on 13th and effective from the next RSP cycle.

Cash Account/Auto Sweep Account
Change of amount request received before 8th of the month will be effective immediately.

You will need to terminate the RSP of the existing fund and after that, apply the RSP for the new fund. Please go to My Account > Regular Savings Plan, click on "Edit" button to proceed with termination. To apply a new RSP fund, please click on 'Apply RSP' button to complete the application.

Note: Do take note on the freezing period as mentioned on No. 12.

Your Unit Trust RSP (Regular Savings Plan) deduction may have failed due to one or more of the following reasons:

Insufficient Funds
There were not enough available funds in your designated Bank Account or Cash Solutions at the time of deduction.

Pending RSP Setup
Your RSP instruction is still in "active-pending" status, likely because it was submitted during our RSP freezing period and has not yet become effective.

Account Suspension
Your account may be suspended or restricted due to certain trading activities. Please check your account status or contact our Client Services team for assistance.

Important Note:
There is only one RSP deduction attempt per month for Unit Trusts.
Even if you top up your Bank Account or Cash Account after receiving the failed deduction notification, we will not perform a second deduction attempt for the same month.
We recommend ensuring that sufficient funds are available before the deduction date to avoid disruption to your RSP.

• The RSP will be terminated automatically after 3 consecutive failed RSP deductions. The RSP deductions may fail due to insufficient funds in the selected payment option. 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 you after 2 consecutive failed deduction 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.

Your monies will be refunded back to your bank account approximately 1 week after the RSP subscription date. Only applies for eGIRO/GIRO payment method.

• For new RSP application via CPFIS-OA/CPFIS-SA/SRS, it has to be submitted before 27th of the month for the RSP plan to commence from the following month. E.g. you need to submit your new RSP application before 27th March for the RSP plan to commence from the month of April. This is because between 27th of the month to 12th of the following month is the freezing period.
• To prevent the possibility of failed trades, the monthly deduction date for eGIRO, GIRO, CPFIS-OA, CPFIS-SA and SRS RSP deductions will be standardised at 3 business days before the RSP subscription date.
• The monthly deduction date from Cash Account/ Auto Sweep Account will be on 8th of every month. Please ensure there is sufficient available balance in the respective account before 8th of the month to avoid fail RSP deductions.
• 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 you after 2 consecutive failed deduction and before the 3rd RSP deduction.