facebookMay i know what does "Unit Trust Application UTA-STI ETF Rfd" that appears on my transaction summary mean? I know its regarding my DBS Invest-Saver RSP, but i do not know what actually it means.? - Seedly

          Advertisement

          Anonymous

          21 Aug 2020

          General Investing

          May i know what does "Unit Trust Application UTA-STI ETF Rfd" that appears on my transaction summary mean? I know its regarding my DBS Invest-Saver RSP, but i do not know what actually it means.?

          1

              Discussion (1)

              What are your thoughts?

              It is the refund of any leftover funds from your monthly amount after the fee and purchase.

              As Invest-Saver can only hold whole units, the bank will purchase the nearest whole unit of the ETF and refund the rest to you.

              You can calculate it by the number of units you got and the price that they were bought at. Then add the fee. Then add the refund. Should end up with the monthly amount you put in.

              Reply

              Save

                  Write your thoughts

                  Advertisement