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Start saving quickly and easily, and monitor your savings on your phone.
Regular Savings Plan
Why open a Regular Savings Plan with Saxo?
Platform fee
No cost to access Saxo’s full capabilities.
Entry fee and exit fee
Add more or withdraw at no cost.
Custody fee
No fee for simply having money with us.
Keep your costs low
| Annual cost breakdown | Fee in % | Cost of SGD 10,000 investment |
|---|---|---|
| Service fee | 0.75% per annum | SGD 75 |
| Transaction costs* | N.A | N.A |
| Expected ETF costs** | 0.23% | SGD 23 |
| Expected fund costs | Refer to the relevant fund prospectus |
Dollar-cost averaging concept
| Month | Financial product unit price | Regular contributions | Units bought | Total units owned | Investment value |
|---|---|---|---|---|---|
| Jan | 1.00 | 200 | 200 | 200 | 200 |
| Feb | 0.96 | 200 | 208 | 408 | 392.00 |
| Mar | 0.77 | 200 | 260 | 668 | 514.42 |
| Apr | 0.98 | 200 | 204 | 872 | 854.71 |
| May | 1.10 | 200 | 182 | 1,054 | 1,159.37 |
| Jun | 1.18 | 200 | 169 | 1,223 | 1,443.69 |
| Total | 5.99 | 1,200 | 1,223 | 1,223 | 1,443.69 |
Total contributions over 6 months - SGD 1,200
Average cost per unit bought (SGD1,200/1,223 units) - SGD 0.98
Average price per unit over 6 months - SGD 1.00
Amount saved per unit (SGD1 - SGD0.98) - SGD 0.02 (You pay SGD 0.02 less per unit)
Additional units bought as compared to a lump sum investment of SGD1,200 in Jan - 23
Benefits of investing in RSP
Portfolios to suit any risk appetite
You can start saving in your choice of four portfolios, to suit risk profiles ranging from low to high.
Dynamic Growth: Asian Perspective
Ideal for:
Regular saving in best-in-class funds for capital growth.
Defensive
Ideal for:
Investing cautiously, offering high exposure to bond markets.
Moderate
Ideal for:
Investing for a balance between growth and preservation
Aggressive
Ideal for:
Investing for growth, offering high exposure to stock markets.
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Dynamic Growth: Asian Perspective
Ideal for:
Regular saving in best-in-class funds for capital growth. -
Defensive
Ideal for:
Investing cautiously, offering high exposure to bond markets. -
Moderate
Ideal for:
Investing for a balance between growth and preservation -
Aggressive
Ideal for:
Investing for growth, offering high exposure to stock markets.
What is the risk and expected return?
Risk and return come hand-in-hand. The more return you target, the more risk you must take.
Performance expected to be considerably lower than stock markets, but also much more stable. In an extreme scenario stock markets could lose 20% or more, whilst Low risk portfolios are expected to lose closer to 5% to 10%.
Performance is expected to be less than stock markets, but also more stable. In an extreme scenario stock markets could lose 20% or more, whilst Medium risk portfolios are expected to lose closer to 10% to 15%.
Performance of High risk portfolios is expected to be similar to stock market performance. However, in an extreme scenario stock markets could lose 20% or more. This is considered high-risk investing.
Frequently asked questions
Investing in RSP
No, you don’t. Once you’ve invested in a managed portfolio, we will automatically create a sub-account dedicated to that portfolio under your existing Saxo account.
SaxoTraderGO
- Open the SaxoTraderGO platform and click the ‘SaxoSelect’ tab
- Click the ‘Invest’ button, next to your chosen portfolio
- If this is your first time accessing SaxoSelect managed portfolios, you’ll need to complete a set of suitability questions specifically for managed portfolios (this is different from an appropriateness test, which relates to self-directed investing)
- Open the trade ticket and enter the amount you’d like to invest
SaxoInvestor
- Go to the Markets section, and click on 'Managed portfolio'
- Select a portfolio and click the Invest button
- If this is your first time accessing SaxoSelect managed portfolios, you’ll first need to click ‘Get started’ to complete a set of suitability questions specifically for managed portfolios (this is different from an appropriateness test, which relates to self-directed investing)
- Proceed to the Buy Order ticket and confirm how much you would like to invest.
Yes, you can invest in your choice of portfolios. Please note that each portfolio has its own bank account number which you should use when funding that particular portfolio. Please refer to the funding instructions and bank account numbers in the Funding Instructions section located under Deposits and Transfers, then Bank transfer, in the platform. This is found under the icon of a person’s head and shoulders at the top right in SaxoInvestor, and under the Accounts section in SaxoTraderGO.
Cost
Compared to traditional wealth managers we offer a compelling and cost effective way to have your money managed, with the costs of some of our portfolios being less than half of the cost of an expensive wealth service.
The Costs explained
Service Fee: This is the fee charged for Saxo to manage your money. It is an annual cost, deducted quarterly on a pro-rata basis. You can find more information on the service fee here.
SGD-denominated portfolios may invest in assets in other currencies, in which case a currency conversion cost of 0.10% per transaction will be incurred.
Expected ETF Costs: If your portfolio invests into ETFs, you should know that the ETF manufacturer takes their charge from within the ETF. This is convenient as it means there are no cash transactions (to the ETF manufacture to cover costs), costs are simply reflected in the performance of the ETF.
Our fees depend on the managed portfolio you choose to invest in.
For an overview of past performance, please refer to below links for each portfolio. Past performance is not an indication of future performance.
https://www.home.saxo/en-sg/products/managed-portfolios/defensive-sgd
https://www.home.saxo/en-sg/products/managed-portfolios/moderate-sgd
https://www.home.saxo/en-sg/products/managed-portfolios/aggressive-sgd
https://www.home.saxo/en-sg/products/managed-portfolios/lionglobal-dynamic-growth-asian-perspective-rsp
The expected cost of ETFs in the portfolio is 0.23%. This is reflected in the ETF performance and not deducted as a separate fee. There is no additional charges for trading commissions or custody fee.
Topping up / Funding your RSP
Yes, the initial investment will be paid using your Saxo account main wallet. Subsequent payments – one-off or regular, from as little as SGD 100 - should be sent via bank transfer using the unique bank account number provided upon your first investment into your portfolio. You can also retrieve this unique bank account number in our platforms, under your portfolio details:
After making your initial investment into your preferred portfolio, you will receive a unique bank account number relating to your positions in that portfolio. Please use that bank account number when setting up a regular payment through your bank. To stop making regular payments, simply cancel the instruction through your bank. We have no requirement to maintain regular payments for any length of time.
You can deposit funds via Telegraphic Transfer, FAST, MEPS or GIRO. Please note that regular/recurrent payments cannot be made via PayNow or QR code scan.
Start investing in minutes
Open an account
If you’re new to Saxo, take a few minutes to submit your application.
Choose your portfolio
Select a portfolio suited to your goals and risk appetite, then complete our short profile questionnaire.
Invest
Confirm your managed portfolio and invest. We will place all the investments for you, in your account.