Stretching Your Dollar
With rising costs and expenses year after year, raising a child can get a little heavy on the pockets, perhaps even more than what you might have expected. From baby necessities to a child's wants and education expenses, the figures add up. In the same way that every parent sets aside a pool of money for their child's future, maximising that amount is equally important.
When it comes to investing, it is possible to grow your wealth in a steady manner. The key lies in starting early. The number of years you hold on to your investments plays a part in your overall investment gains. Therefore, the longer you hold, the more your money compounds.
Regular Savings Plan
Take the extra step to build a solid foundation for your child's future when you invest for your child using Regular Savings Plan (RSP) with as little as S$100 a month. Enjoy 0% sales charge permanently and accumulate your returns over time through an RSP. The magic of compound interest lets you earn more as each year's returns are compounded into the following year's returns. This means a maximisation of your capital and being one step closer to a substantial savings for your child!
FSM Baby Steps Account
Get an extra perk when you open a beneficiary account for your child and invest using an RSP now! Due to the popularity of the promotion, FSM Baby Steps Account has now been extended. This time round, the promotion is also extended to all babies born in 2014 till now.
If you are unfamiliar with the FSM Baby Steps Account, here is how it works:
Open a beneficiary account for your child and receive S$25 worth of units upfront in Nikko AM Shenton ShortTerm Bond(S$). What's more – if you invest for 12 continuous months in your RSP, you will receive an additional S$25 worth of units in Nikko AM Shenton ShortTerm Bond(S$).
Winning the best affordable investment plan!
Fundsupermart’s Regular Savings Plan (RSP) has gotten recognition from Parents World, one of the leading parenting and lifestyle magazine in Singapore. FSM clinched the title “Best Affordable Investment Plan” for the category of Best of the Best Family Products & Services Award 2016. The award aims to identify the crème de la crème across all family product or services in the local market deliberated from a panel of industry experts. We are definitely honoured and humbled by this recognition, giving us confidence that our Regular Savings Plan (RSP) will continue to be well accredited with parents to help them achieve their investment goals for their children’s future.
Start investing using an RSP and give your child a head start in life with the FSM Baby Steps Account!
Terms and Conditions
- This promotion is only valid for new beneficiary accounts opened from 18 May 2018 to 29 Mar 2019.
- To be eligible for the FSM Baby Steps promotion, your child/children must be born in the year 2014 – 2018 and the beneficiary account opened must be approved latest by 31 December 2018.
- The baby must either be a Singapore citizen or Singapore Permanent Resident (SPR).
- The beneficiary account must be opened with only one personal account holder; hence if more than one beneficiary account is opened under the same baby's NRIC, only one beneficiary account will be eligible for the promotion. Your child's birth certificate and supporting documents will be required for identification.
- Payments must be made by cash into the Regular Savings Plan (RSP).
- Transactions using CPFIS-OA, CPFIS-SA and SRS are not eligible.
- The first S$25 worth of units will be added to Nikko AM Shenton ShortTerm Bond(S$) within 6 weeks after the investment account has been successfully opened.
- An additional S$25 worth of units will be added to Nikko AM Shenton ShortTerm Bond(S$) after the client has invested at least S$100 worth of RSP for a consecutive period of 12 months.
- Free units will be credited into Nikko AM Shenton ShortTerm Bond(S$) only. By participating in this promotion, you also read, understand and agree to the terms & conditions and information contained in the prospectus and product highlights sheet of the fund.
- Fundsupermart.com reserves the right to amend the terms and conditions without prior notification.
Related Information:
Power of Compounding – Forward Compounder Calculator
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