For Endowus, what's the difference between a cash and SRS portfolio?

Hi Anonymous,

There is currently no difference between cash and srs portfolios.

The fees are different because in addition to the fact that cash portfolios cost more for us to operate , we do want to incentivize clients to invest their SRS hence we cap our fees similar to our fees for CPF-IS. We do hope, in future, to be able to lower fees for Cash Portfolios too.

We thank you for your interest and we hope to be able to serve you soon!

Lean Sing|Client Experience Lead

I'd say the difference is being driven by the government regulations against overcharging for those using the CPFIS schemes - there is a cap on ongoing fees charged of 40 basis points. While I am not sure if SRS is compared in the same regulation, it is likely easier to just have two charge structures, cash and CPF (inclusive of SRS).