Asked by Anonymous
Asked on 30 Jul 2018
DBS vs FSMone or any other options in terms of management fee and other charges.
You can read this article which we curated carefully for beginner investors!
I think it really depends on which platform you already are on :) For example if you are already using DBS Vickers or have set up your platform and you plan to do a Lump sum, I would stick with that. A cash upfront account only costs you around $10 per trade?
For a RSP idea (regular investment schedule) I would also think of using the DBS one or OCBC (depending on your investment amount, it's easy, you can actually find out more about the options here! https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/
The easiest way is through DBS as they charged 1% fee which will maximise your return in the long run.
FSMOne have 0% sales charge for Regular Savings Plan but STI ETF is not in their fund list for this.
The simplest way to do it through DBS but they do charge a 1% fee. However, do note that % is not absolute is this case since it depends on the amount that you are placing.
Perhaps the following link can give u a better guide: https://blog.moneysmart.sg/this-vs-that/posb-ocbc-poems-maybank-kim-eng-which-regular-savings-plan-to-use/