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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.?

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Wrong Sean

21 Aug 2020

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.

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