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ETF RSP
- FSM ETFs RSP allows you to start a monthly RSP with as little as SGD 50.
- You only need to pay as little as SGD 1, GBP 1, USD 1, or HKD 5 for each of your ETF RSP
- You can invest into ETFs listed on SGX, HKEX, LSE and the US stock exchanges.
- You can optimise your investment amount as we allow you to subscribe for fractional shares of HK-listed, LSE-listed, and US-listed ETFs and up to 1 share of SGX ETFs.
- FSMOne has waived the above ETFs RSP fees since 2021 and will continue to offer 0% processing fee for ETFs RSP until further notice.
Please refer to our pricing structure for ETFs RSP fee.
You can check out the ETF RSP list by going to ETFs > Apply for RSP.
It depends on the type of ETF, whether its an Excluded Investment Products (EIPs) or Specified Investment Products (SIPs).
You do not need to pass the CAR for an EIP ETF.
You will need to pass your CAR for SIP ETF.
In addition, you will need to submit W-8BEN declaration at Account Settings page before you can apply for US-listed ETFs RSP.
You do not need to pass the CAR for an EIP ETF.
You will need to pass your CAR for SIP ETF.
In addition, you will need to submit W-8BEN declaration at Account Settings page before you can apply for US-listed ETFs RSP.
You can use Cash Accounts (SGD or foreign currency), Auto Sweep Account, or SRS funds (for SGX-listed ETFs only). CPF is not supported.
For ETFs requiring FX conversion, we will buffer up to 2.5%. Any uninvested balance stays in your Cash Account and continues to earn interest.
For ETFs requiring FX conversion, we will buffer up to 2.5%. Any uninvested balance stays in your Cash Account and continues to earn interest.
You can do so by following these steps below:
- Login to your account, go to ETFs > Apply For RSP.
- Select the ETF(s) that you wish to apply for RSP. You can select multiple ETF(s) should you wish to apply for more than one RSP.
- Select your preferred RSP payment method e.g. Auto Sweep, SGD Cash Account or USD Cash Account etc.
- Key in the monthly RSP Amount.
- Ensure that there are sufficient monies in the respective cash solution before the selected RSP deduction date (1st, 8th, 15th, 22nd) of the month.
ETFs RSP application received before the selected RSP payment date (1st, 8th, 15th, 22nd) of the month will be effective immediately.
Any ETFs RSP application received on or after the selected RSP payment date (1st, 8th, 15th, 22nd) will be effective on the next RSP cycle.
Any ETFs RSP application received on or after the selected RSP payment date (1st, 8th, 15th, 22nd) will be effective on the next RSP cycle.
No, there is no restriction in the number of ETF you can apply for RSP. You can apply as many ETFs RSP as you wish.
The ETFs RSP buy in date will be determine based on the selected RSP payment date (1st, 8th, 15th, 22nd).
Example
RSP payment date: 8th of the month
Buy in date: If 8th falls on a business day, the buy in date will be on the next trading day, such as the 9th. If 8th falls on a non-business day, the buy in date will be on the second trading day, such as the 10th.
Example
RSP payment date: 8th of the month
Buy in date: If 8th falls on a business day, the buy in date will be on the next trading day, such as the 9th. If 8th falls on a non-business day, the buy in date will be on the second trading day, such as the 10th.
It is available for maximum of 4 times every month for each ETF on 4 different RSP payment dates (1st, 8th, 15th, 22nd).
The minimum investment amount is generally SGD 50 per month for ETFs under the ETFs RSP. However, certain ETFs (such as Gold or SPDR ETFs) may have higher minimum amounts due to price movements.
You may always refer to the latest minimum investment amount stated in the ETFs RSP list during your application.
You may always refer to the latest minimum investment amount stated in the ETFs RSP list during your application.
You may change your ETFs RSP investment amount by going to My Account > Regular Savings Plan, and click 'Edit' to update the RSP investment amount.
Change of amount request received before the selected RSP payment date (1st, 8th, 15th, 22nd) of the month will effective immediately.
Change of amount request received before the selected RSP payment date (1st, 8th, 15th, 22nd) of the month will effective immediately.
13. When is the transaction date for my ETF RSP subscription, and when will it appear in my account?
The ETF RSP subscription will be executed on the next trading day after your selected payment date (the 1st, 8th, 15th, or 22nd).
If the selected payment date falls on a non-business day, the transaction will take place on the second trading day after that date.
The transaction will be reflected in your account the following day.
If the selected payment date falls on a non-business day, the transaction will take place on the second trading day after that date.
The transaction will be reflected in your account the following day.
Because RSP processing begins at midnight on your selected deduction date, you must ensure your chosen Cash Solution (Cash Account or Auto Sweep Account) has sufficient funds before the deduction date arrives.
ETF RSP Deduction Schedule
When setting up your ETF RSP, you can choose to have your funds deducted on the 1st, 8th, 15th, and/or 22nd of the month.
Example: If your deduction date is the 8th, your funds must be fully available in your account by 11:59 PM on the 7th.
Important Note on Fund Utilization & Odd lot / Fractional Shares
Because ETF RSPs allocate fractional and odd shares to match your fixed investment amount as closely as possible, your RSP amount may not always be 100% utilized.
ETF RSP Deduction Schedule
When setting up your ETF RSP, you can choose to have your funds deducted on the 1st, 8th, 15th, and/or 22nd of the month.
Example: If your deduction date is the 8th, your funds must be fully available in your account by 11:59 PM on the 7th.
Important Note on Fund Utilization & Odd lot / Fractional Shares
Because ETF RSPs allocate fractional and odd shares to match your fixed investment amount as closely as possible, your RSP amount may not always be 100% utilized.
- Where to check: Any remaining unutilized cash stays in your account. The exact final amount used for the purchase will be visible under your Cash Account or Auto Sweep Account Historical Transactions once processing is complete.
We will inform you of the trade details and status by email and confirmation note.
You can also view your RSP investments by going to My Account > Historical Transactions 1 business day after the trade execution.
Alternatively, you may view your holdings by going to Transact > Stocks & ETFs > Portfolio.
You can also view your RSP investments by going to My Account > Historical Transactions 1 business day after the trade execution.
Alternatively, you may view your holdings by going to Transact > Stocks & ETFs > Portfolio.
Your Regular Savings Plan (RSP) ETF deduction may have failed due to one or more of the following reasons:
Insufficient Funds
There were not enough available funds in your Cash Account or Auto-Sweep account at the time of deduction. Please ensure you have a sufficient balance at least one business day before your selected deduction date.
Note: Please note that RSP ETF deductions will be made only from your selected deduction method. If there are insufficient funds in the chosen source, the system will not attempt to deduct from an alternative funding method.
Expired CAR Assessment (for SIP ETFs)
Specified Investment Products (SIP) require a valid Customer Account Review (CAR) assessment. If your CAR assessment has expired, the system cannot process automated trades for SIP-classified ETFs.
Expired W-8BEN Declaration (for U.S. ETFs)
If your W-8BEN form has expired (valid for 3 calendar years), FSMOne cannot process trades for U.S.-domiciled ETFs.
You can check your current status and resubmit any expired declarations by going to Account Settings > Activated Products
There is only 1 deduction attempt for ETF RSP based on the selected payment RSP date.
You may sell your ETF holdings acquired via RSP in two ways:
- Fractional / Odd Lot Units: Sell through My Account > Regular Savings Plan > Sell ETF RSP.
- Full Board Lot Units: Sell directly on the market at Transact > Stocks and ETFs > Buy/Sell/View prices (no need to go through ETF RSP).
We will process ETF RSP sell instructions twice a month (on either the 1st or 15th, whichever comes first). Please submit ETF RSP sell instructions before the 1st or 15th of the month for the instruction to be processed.
If the 1st/15th is a business day, the transaction date for the ETF RSP Sell Order will be on next trading day.
If the 1st/15th falls on a non-business day, the transaction date will take place on the second trading day after the 1st/15th.
If the 1st/15th falls on a non-business day, the transaction date will take place on the second trading day after the 1st/15th.
Should the proceeds of your fractional units be less than the processing fees, you will be billed for the amount owing to us.
Hence, we encourage clients who subscribe for the ETFs RSP to adopt a long term view and accumulate enough holdings before they sell their units since the dollar-cost averaging benefits of a RSP will not be reaped over a short investment horizon.
Hence, we encourage clients who subscribe for the ETFs RSP to adopt a long term view and accumulate enough holdings before they sell their units since the dollar-cost averaging benefits of a RSP will not be reaped over a short investment horizon.
The cash dividends received from your ETFs RSP units will be credited into the respective currency cash accounts by default.
We do not allow the transfer out of fractional ETFs units.