digiPortfolio on digibank

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Created with Sketch.

To find digiPortfolio on digibank app:

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Created with Sketch.

How do I top-up or withdraw?

You can do it anytime with digibank online or through the app.

Through digibank online:

  • Login to iBanking online
  • Select ‘digiPortfolio’ in the top ribbon
  • Click on ‘Top-up’ or ‘Withdraw’
  • Input transaction details, click ‘Next’
  • Review your transaction details before clicking ‘Submit’

Through digibank app:

  • Login to digibank app
  • Select ‘Invest’ at the bottom
  • Click on ‘digiPortfolio’ tile
  • Select which portfolio you would like to top-up
  • Click "Top Up" button
  • Input transaction details. Click ‘Next’
  • Review your transaction details before clicking ‘Confirm’

The typical turnaround can take up to 5 business days for digiPortfolio. For withdrawals, the proceeds will be automatically credited back to your selected crediting account.

What DBS / POSB account do I need to invest in digiPortfolio?

As digiPortfolios may be purchased in two currencies, S$ and US$, a Multi-Currency Account is required to ensure seamless transactions when opening or closing a portfolio. Any one of the following Multi-Currency Accounts may be used as the funding account for investing in digiPortfolio :

  • My Account
  • eMulti-Currency Autosave (eMCA)
  • eMulti-Currency Autosave Plus (EMCA+)
  • Multi-Currency Autosave Plus
  • Multiplier account

The funding accounts currently accepted are individual accounts

The fall below fee for the MCA account will be waived for accounts that were opened specifically to fund your digiPortfolio.

Can I use my joint Multi-Currency Account to open a joint digiPortfolio?

We currently only accept individual Multi-Currency accounts and offer only individual digiPortfolios.

I only have S$ in my individual Multi-Currency Account (MCA), how do I apply for a USD digiPortfolio

You may do it anytime from internet banking (iBanking). Here’s how:

Through digibank online:

  • Login to iBanking online
  • Click ‘Banking’ in the top ribbon
  • Use the ‘Transfer’ option to convert S$ to US$ for your funding account
  • Once the transfer is done, select ‘digiPortfolio’ in the top ribbon
  • Select ‘Create a new portfolio’
  • Select your desired US$ digiPortfolio
  • Input transaction details. Click ‘Next’
  • Review your transaction details before clicking ‘Submit’

For mobile banking, here’s how:

  • Login with digibank app
  • Select ‘Pay & Transfer’ at the bottom
  • Select ‘Exchange Currency’ in the top ribbon
  • Once the transfer is done, select ‘Invest’ at the bottom
  • Click on ‘digiPortfolio’ tile
  • Select your desired US$ digiPortfolio
  • Input transaction details. Click ‘Next’
  • Review your transaction details before clicking ‘Confirm’

How do I start an investment through digiPortfolio?

Simply login to digibank online or digibank app and access ‘digiPortfolio’ via the ‘Invest’ button.

For digibank online:

  1. Select the portfolio you wish to invest in.
  2. Indicate your preferred risk level and funding account, funding currency and amount.
  3. Then confirm your decision after checking that your order details are correct.

For digibank app:

  1. Select the portfolio you wish to invest in.
  2. Select your preferred risk level, click ‘Pick This Portfolio’.
  3. Indicate your funding account, funding currency and amount.
  4. Then confirm your decision after checking that your order details are correct.
I already have a DBS / POSB account? Why do I need to open a Multi-Currency Account to invest in digiPortfolio?

As digiPortfolios may be purchased in two currencies, S$ and US$, a Multi-Currency Account is required to ensure seamless transactions when opening or closing a portfolio. Any one of the following Multi-Currency Accounts may be used as the funding account for investing in digiPortfolio: My Account, eMulti-Currency Autosave (eMCA), eMulti-Currency Autosave Plus (EMCA+), Multi-Currency Autosave Plus and Multiplier account.

The funding accounts currently accepted are individual accounts.

The fall below fee for the MCA account will be waived for accounts that were opened specifically to fund your digiPortfolio.

What will happen if there is insufficient money in my Multi-Currency Account?

You will need to top up your S$ or US$ wallet in your Multi-Currency Account by transferring in monies from your Savings or Current Account. This can be done instantly via digiBank online. This can be done instantly via digibank online or digibank app.

Can I invest in digiPortfolio using my CPF or SRS funds?

No. Currently, digiPortfolio is not included in the list of investment products for which CPF or SRS funds can be used. We will provide an update if digiPortfolio becomes included.

Will my investment in an ETF-based digiPortfolio be counted towards the investment category of my Multiplier account?

Yes. For new investors, lump sum investments (minimum S$1,000 per transaction) in an ETF-based digiPortfolio will be counted towards the investment category of Multiplier. For existing ETF-based digiPortfolio holders, a minimum top up of S$1,000 per transaction is required to qualify for Multiplier.

Where can I obtain a copy of the respective portfolio information?

Details of the underlying ETFs in each portfolio are available in the Portfolio Details page in digibank online and digibank app. You will be able to view the fund prospectuses and fact sheets. In addition, there are short commentaries from the DBS Investment Team on the reasons for including each ETF in the portfolio.

When will fees be debited from my account?

Management fees are debited once a year. In the event that you close your portfolio, the applicable fees will be debited prior to closure.

How can I check my holdings?

Simply log in to digibank online or digibank mobile to view details of your digiPortfolio and holdings.

Can I change my investment amount by topping up or withdrawing from my portfolio(s)?

You can top up your portfolio at no minimum/maximum cap anytime you wish with no additional fees. Simply click on the top-up button next to your existing portfolios in digiBank to increase your investment amount for the respective portfolio.

For withdrawals, you only need to maintain the minimum investment sum for your selected digiPortfolio by clicking the withdraw button.

This may involve selling some or all of your holdings in the portfolio. The selling process will take several days.

How do I close my digiPortfolio?

After logging into digiBank online, select the digiPortfolio you wish to close and submit your closure request. If you have multiple digiPortfolios you will need to repeat this process for each one. The holdings in the selected digiPortfolio will be sold with the proceeds returned to your Multi-Currency Account. This selling process will take several days.

Can I still hold selected ETFs after the closure of my digiPortfolio?

No, once the closure request is submitted all the holdings in the digiPortfolio will be sold and the proceeds returned to your Multi-Currency Account. If you wish to remain invested in specific ETFs, you will need to purchase them individually via the DBS Online Funds Investment platform or via a regular savings plan through Invest-Saver.

How do I set up a recurring top up instruction for my digiPortfolio?

You can set up recurring top ups for digiPortfolio via the digibank app. Here's how:

For new digiPortfolio customers:

  • Login to digibank app
  • Tap on 'Invest' at the bottom, followed by the 'digiPortfolio' tile
  • Explore available portfolios and tap on 'Pick this portfolio'
  • Select 'Yes!' to recurring top-ups.
  • Input transaction details. Tap on 'Next'
  • Review your transaction details before tapping on 'Submit'

For existing digiPortfolio customers:

  • Login to digibank app
  • Tap on 'Invest' at the bottom, followed by the 'digiPortfolio' tile
  • Tap on 'Top up' and select 'Set recurring' at the bottom.
  • Input transaction details. Tap on 'Next'
  • Review your transaction details before tapping on 'Submit'

Recurring top ups can be made for these digiPortfolios:

  • Income Portfolio
  • SaveUp Portfolio
  • Asia Portfolio
  • Global Portfolio (ETF-based)
Can I modify my recurring top up?

Yes. You can modify your recurring top up instruction via the digibank app by following these steps. However, take note that the changes would take 1 day to take effect.

  • Log in to the digibank app
  • Tap on 'Invest' at the bottom, followed by the 'digiPortfolio' tile
  • Select your portfolio
  • Scroll down and tap on 'Your Recurring Top-Ups' section
  • Tap on 'Modify' to modify your recurring top up instruction
How do I terminate my recurring top up instruction?

You may terminate your recurring top up instruction any time via the digibank app by following these steps. However, take note that it takes 1 day for the termination to take effect and any top ups scheduled for the same day will continue to occur.

  • Log in to the digibank app.
  • Tap on 'Invest' at the bottom, followed by the 'digiPortfolio' tile
  • Select your portfolio
  • Scroll down and tap on 'Your Recurring Top-Ups' section
  • Tap on 'Terminate' to terminate your recurring top up instruction

How are digiPortfolio Management fees calculated?

Calculation of Management Fees:

Portfolio TypeAsia Portfolio (0.75% p.a.)Global Portfolio (0.75% p.a.)
Management FeeS$7.50 a year for a portfolio value of S$1,000US$7.50 a year for a portfolio value of US$1,000
How much do I have to pay to invest in digiPortfolio?

There is only one fee.

Based on the portfolio value, the annual management fee is at 0.75% p.a. for both the Asia Portfolio and Global Portfolio. There are no other sales charges, platform fees, switching fees, withdrawal fees or closure fees.)

This management fee goes towards the research, investment strategy, market monitoring and rebalancing of the digiPortfolio and is charged once a year, or at the time of portfolio closure.

What is the investment strategy of digiPortfolio?

digiPortfolio’s objective is to achieve a return befitting the respective mandate over an investment cycle of 3 – 5 years while managing the price fluctuation (risk) because of the market.

To achieve this, our strategy is to invest in a portfolio of exchange traded funds across asset classes including fixed income (bonds) and equity. Bonds provide steady income streams and equities provide capital growth. For any specific mandate, we will adjust the weights in either bonds or equities depending on our view on the market. We form this view together with our Chief Investment Officer (CIO) team – a dedicated team of analysts that form macro strategy. For example, in the Comfy Cruisin’ Portfolio that is initially 45% invested in bonds funds, 50% in equities funds and 5% in cash, we would increase the weight in equities and decrease the weight in bonds if we believed that equities would outperform bonds over a certain period of time. Our adjustments are calibrated and not excessive.

How are risks managed in digiPortfolio?

The DBS Investment Team undertakes prudent risk management to guard against excessive risk in the portfolios. Our portfolio specialists consider acceptable price fluctuations to achieve certain returns.

Risk management also mitigates downside risks if our projections do not work out as we may have intended. For example, if we took an outsized investment in equities and it corrected heavily, it would cause undue stress to the portfolio. Having risk management standards and practices in place provides safeguards in the decision-making process.

How often is digiPortfolio rebalanced?

To make the portfolio effective, the portfolios are reviewed quarterly and rebalanced when necessary.

Regular rebalancing enables the portfolios to remain resilient no matter how the market moves.

How long should I remain invested in a digiPortfolio?

We believe that one should take a long-term view when investing to enjoy the benefit of compounded returns. Staying focused on long term targets will help investors overcome the anxieties caused by short term market volatility. A good guide is an investment cycle of 5 years.

Compounding generates additional gains by staying invested. In the illustration below, based on an initial investment amount of $10,000, a 6% annual return reaps $3,000 over 5 years if the investor withdraws the gains every year. If the investor did not withdraw the gains and stayed fully invested, the profit after 5 years would be $3,382 instead or $382 more.

Year12345Cumulative
Simple$10,600$11,200$11,800$12,400$13,000$3,000
Compound$10,600$11,236$11,910$12,625$13,382$3,382

Short term investing requires good skill and timing to achieve success. However, this is difficult to execute during periods of volatility. The chart below is the MSCI World Index from 2013 to 2017. Suppose an investor started investing in 2013, he would have made some profit before meeting the rough patch in 2015. He may then decide to sell his investments to avoid further volatility. He may even wait a while before returning to the market. This may have meant missing out on the rally that proceeded in 2017. If he had stayed fully invested during the whole period, he could have benefited from the full 58% gain.

digiPortfolio vs Robo-Advisors

How is digiPortfolio different from Robo-Advisors?

Many robo-advisors in Singapore are stand-alone fintech companies with limited market capital, or part of the brokerage platforms of banks, which are separate from the full suite of banking products and services.

digiPortfolio is created and delivered by the Safest Bank in Asia and Best Digital Bank Globally. View Awards & Accolades.

DBS Bank also enjoys the highest credit ratings from the three top credit rating agencies in the world. digiPortfolio’s investment process is completely integrated into the bank’s secure systems so you have peace of mind knowing you are not being redirected to a third-party platform to transact. This also affords greater convenience as your internet banking login details are the only credentials needed to start investing

What is a Robo-Advisor?
Robo-advisors are digital platforms driven by algorithms that provide automated financial planning services with little or no human supervision. A typical robo-advisor collects information from clients through an online survey, and then uses the data to offer advice and/or automatically invest client assets.

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