GYC Financial Advisory

	REGULAR SAVINGS PLAN

	FAQs

	GETTING STARTED

RSP - Frequently Asked Questions

1. What is an RSP
Regular Savings Plan is a subscription plan that permits investments of a fixed sum of money in a unit trust on a regular basis. It uses the concept of dollar cost averaging, an effective strategy that avoids trying to time the market and therefore is one of the most sensitive and effective ways to save in the mid to long-term. With regular investments, more units are bought when prices are low and less units when prices are high, thus averaging lower costs for all units as compared to the average price during the same period.

2. What is the frequency of an RSP?
It can be monthly, quarterly, half-yearly, or annually.

3. Who is eligible to set up an RSP?
You must be at least 21 years old to set up your own account. Minors have to open an account with an account holder of 21 years and above. Transfer can be carried out once the minor reaches 21 years.

4. Is there a minimum investment amount for RSP?
The minimum RSP investment for most funds is S$100. For full details on the respective funds minimum RSP investment, please refer to the relevant Fund Details or prospectus.

5. Are there any charges for RSP?
There are no charges for participating in the RSP. However, relevant sales charges for unit trusts will apply.

6. Can I apply for RSP using my CPF or SRS monies?
You can use your CPF Ordinary Account, CPF Special Account or SRS monies after making an initial subscription in the fund. (This is subject to restrictions of CPF rules and regulations.)

7. Can I change my RSP funds?
You will need to terminate the RSP for a fund and apply for new RSP for your new choice of fund.

8. Can I change my regular investment amounts?
You can decide on the amounts you want to invest (provides it meets the minimum criteria of the respective funds).

9. When will my regular investments be deducted?
RSP contributions will be debited from your account on the 8th of every month, or on the next fund-trading business day.

10. How long must I participate in RSP?
You can decide when to stop your RSP plans. However, there is no function that will enable you to auto-terminate your RSP at a specific time.

11. How do I apply?
Please contact your GYC financial adviser or call or customer service hotline at 6349 1432.