Best Ready-Made Investment Portfolio
DBS digiPortfolio
Annual Management fee
Minimum Investment
Platform Fees
Expected Annual Return
Underlying Investment
Funding Options
Robo Advisor is a good option if you want to start off your investment journey as it takes away the complications of investing. DBS digiPortfolio is one of the newest players in the robo-advisory platforms. However, as of now, it only offers two portfolio options – both only invest in exchange traded funds (ETFs).
All details
Key Features
- DBS digiPortfolio is a hassle-free, ready-made investment portfolio that combines human expertise and robo-technology.
- Start a portfolio with a minimum investment of S$1,000.
- No lock-in period so you can withdraw your investment anytime without penalty.
- No minimum or maximum cap when topping up your existing portfolios.
- Flat management fee of 0.75% p.a. for an experienced team who will manage your portfolio.
- Two portfolios to choose from – Asia Portfolio and Global Portfolio; both invest in ETFs.
- An experienced team will monitor the market regularly and will rebalance your investment whenever needed.
Promotion
- Enjoy up to 3.00% p.a. on your DBS Multiplier Account when you invest S$1,000 in digiPortfolio.
Pros & Cons
Pros
- Easy to follow structure with simple instructions and at-a-glance graphs.
- Low capital required at S$1000 for Asia Portfolio and $1000 for the Global Portfolio.
- Low management fees at only 0.75% p.a. DBS removed all sales charges, platform fees, and switching fees.
- DBS digiPortfolio has an elite team of portfolio managers and is powered by robo-technology to automate the process of back-testing, rebalancing, and monitoring.
- DBS digiPortfolio offers straightforward risk levels for both portfolios with a clear breakdown of the ETF holdings in terms of equity, fixed income, and cash.
Cons
- DBS is still currently working on integrating digiPortfolio into DBS Multiplier.
- There are only two portfolio options available for now and both invest in ETFs.
- You can’t set up a regular savings plan that invests into digiProtfolio yet.
General Information
Other Fees and Charges
- Platform fees: S$0
- Currency conversion fees: N/A
- Withdrawal fees: S$0
- Annual management fee: 0.75% p.a.
Eligibility and Required Documents
Eligibility:
- Minimum Age Requirement: Must be at least 18 years old and above
Requirements:
- Proof of identity
- You will need a Multi-Currency Account with sufficient SGD or USD to complete your transactio
What if you don’t have a DBS Account?
Eligibility and Requirements:
- No age restriction
- No initial deposit required
Documents required for Singaporean/Permanent Residents:
- Provide a copy of your NRIC (front and bank)
- Proof of residential address, such as local utility bill or local bank statement
Documents required for Foreigners:
- Provide valid Passport
- For Malaysian – provide a copy of Malaysian IC (front and bank)
- Employment Pass
- Proof of employment
- Proof of residential address, such as local utility bill
- Latest 3 months’ payslip
Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.
How Does DBS digiPortfolio Compare with Other Robo Advisors in Singapore?
Robo-Advisor Name | Minimum Investment Amount | Platform Fees | Annual Management Fees | Funding Options | Expected Annual Return |
DBS digiPortfolio | S$1,000 | S$0 | 0.75% p.a. (for both Global and Asia Portfolio) | A DBS Multi-Currency Account with sufficient SGD or USD | N/A |
StashAway | S$0 | S$0 | 0.2% to 0.8% | PayNow, online banking, telegraphic transfers, Transferwise or Instarem | 1.9% p.a. with your cash with Stashaway Simple |
Syfe | S$0 | S$0 | 0.35% to 0.65% | PayNow, online banking, telegraphic transfers, online remittance platforms | Cash+ is a cash management portfolio with projected returns of 1.5% p.a. |
OCBC RoboInvest | S$100 | S$0 | 0.88% | Mobile Banking app/Online Banking | N/A |
SquirrelSave | S$1 | S$0 | 0.50% | Internet bank transfer (GIRO), FAST transfer, Telegraphic transfer | 11% for the lowest risk portfolio to 16% for the highest risk portfolio |
AutoWealth | S$3,000 | S$18 | 0.20% to 0.80% | Bank transfer,FAST transfer,Telegraphic transfer & Cheque Deposit | N/A |
One of the key factors you need to take into account when investing is the fees and charges associated with the robo-advisor. The fees must not eat into your returns. That said, you need to take a look at the fee structure of the robo-advisor and determine whether it will take a huge chunk off your portfolio every year.
DBS digiPortfolio is a good option, especially if you’re looking into investing a small amount. Their management fee for both the Asia Portfolio and Global Portfolio accounts is 0.75% p.a. which is lower than other banks with a total investment of less than S$50,000.
However, DBS digiPortfolio is also more expensive than other platforms. For instance, Syfe only charges 0.65% for a total investment of less than S$25,000.
DBS digiPortfolio – Our Verdict
So is DBS digiPortfolio worth it?
It’s a great choice for those who are looking into investing a small amount. For one, DBS is a trusted bank in Singapore and it probably has the highest number of deposits in the country.
Secondly, DBS digiPortfolio makes it easy to start investing. If you already have a DBS account, all you have to do is log into ibanking. Then tap the Invest tab and you’ll see digiPortfolio on the drop-down menu.
Additionally, DBS digiPortfolio also offers excellent transparency by listing down all the investment instruments they use. But what makes this robo-advisor stand out among its competitors is that it combines powerful robo-technology with human expert experience.
DBS tapped its elite team of portfolio managers. This is especially attractive for investors who are hesitant in entrusting 100% of their investment to robo-technology. Their elite team of experts will also make necessary adjustments when the market moves.
Final Thoughts
Key Takeaways:
- DBS digiPortfolio is one of the newest players in the robo-advisory platforms.
- Currently, digiPortfolio only offers two portfolio options – Asia and Global Portfolios. Both only invest in ETFs.
- DBS digiPortfolio is a hassle-free, ready-made investment portfolio that combines human expertise and robo-technology.
- You only have to pay an annual portfolio management fee of 0.75% p.a. Plus, you can start investing at S$1,000.
DBS digiPortfolio makes it easy to start investing in ETFs even without prior experience. This is for you if you want a simple, hassle-free robo advisory platform with access to the regional and global market. Combining robo-technology and human expertise, you can be assured that your investment will be nurtured.
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FAQs
How is DBS digiPortfolio Different from Other Robo Advisory Platforms?
Most robo advisory platforms in Singapore are stand-alone fintech companies. DBS digiPortfolio is created and delivered by DBS Bank.
DBS Bank is one of the most trusted banks in Singapore with the highest credit ratings from the top three credit rating agencies in the world. More importantly, digiPortfolio’s investment process is integrated into the bank’s security systems. So investors will not be redirected to a third-party platform.
You only need your internet banking login details to start investing.
Should I Use digiPortfolio?
DBS digiPortfolio is a good choice for those who want to start investing in ETF portfolios. Unlike other robo-advisors, digiPortfolio combines the best of robo-technology and human intelligence. This means an elite team of experts will put together a comprehensive analysis of each stock for a strategic asset allocation. That said, you can let the experts nurture and grow your investments.
How Much Will It Take To Start Investing in digiPortfolio?
You only have to pay the annual management fee. For both the Global and Asia Portfolio, the management fee is at 0.75% p.a. Other than that, there are no additional fees.
According to DBS, the management fees go towards the research, investment strategy, market monitoring, and rebalancing of the digiPortfolio. To start investing, you’ll only need S$1,000 minimum investment amount.
Can I use CPF or SRS funds to invest in digiPortfolio?
Unfortunately, you can’t. DBS digiPortfolio is not included in the list of investment products under the CPF investment scheme. DBS promises to provide an update as soon as it becomes included.
How Long Should You Stay Invested in digiPortfolio?
To fully benefit from investing in digiPortfolio, you need to be in it for the long term. It’s not a get-rich-quick scheme. You’ll need to stay focused on long-term targets, this is especially true when the market goes through periods of volatility.
Take a look at this 5-year investment cycle. Assuming you invested a total of S$10,000, a 6% return will earn you S$3,000 in 5 years if you choose to withdraw every year. But if you let your investment sit and stay invested, you will reap S$383 more.
Year | 1 | 2 | 3 | 4 | 5 | Cumulative |
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 |
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