DBS digiPortfolio Reviews and Comparison - Seedly
 
DBS digiPortfolio
4.5
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  • Updated 4d ago

    Purchased

    DBS digiPortfolio

    You would expect the most popular bank like DBS to create a better robo product, especially DBS. So far, it is super basic. Only investing because they have a 1 year free management promo if you continue investing till the end of year. Feels like they are doing it just because it is in trend. Otherwise 0.75% fee is quite high. Also, the mobile app always bugs out (doesn't show the performance). Hopefully they improve within the year of free management I am getting. Because it is DBS, it is definitely safer compared to the rest.
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  • Posted 2w ago

    Purchased

    DBS digiPortfolio

    Easy to invest as existing DBS customer and underlying portfolio was made known. 3 types of risk appetite for investors to choose with variation in equity / bond invested. Unable to amalgamate invested sum at the moment as new portfolio has to be created for each new sum invested. 0.75% management fee is comparable to other platform.
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Questions (9)

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Investments

Bank Account

DBS Multiplier

DBS Multi Currency Account

DBS digiPortfolio

I use both the accounts and personally have not encountered any issues with amounts being different. Did you convert currencies too by any chance?

Investments

Robo-Advisors

ETF

DBS digiPortfolio

StashAway

Hi, There are several reviews already available online: Moneysmart: https://blog.moneysmart.sg/invest/dbs-digiportfolio-robo-advisor/ Investmentmoat: https://investmentmoats.com/money/dbs-etf-digiportfolio/ Things to take note of: DBS Digiportfolio will still have some elements of active management through their managers (every quarter). The global portfolio (the one I am assuming you are interested in) invest in UK Listed ETFs, allowing tax savings. Its fees, at 0.75% is rather competitive in the robo-advisor space. The investment is done in USD, so be aware of currency risk!

Investments

STI ETF

Regular Shares Savings Plans (RSS)

Syfe

Robo-Advisors

DBS digiPortfolio

Arun Pai
Arun Pai
Top Contributor

Top Contributor (Oct)

Level 4. Prodigy
Answered 4w ago
There are a number of 'robo-advisory' platforms out there to try out - it boils down to personal preference and what specifically you are aiming to achieve. Each robo-advisor has its unique selling proposition and only after extensive due diligence and analysis should the appropriate one be chosen - or of course, sign up to your top 3/5 and evaluate each one over a period of time. We at Kristal.AI aim give our users the ability to invest up to 50k USD in a completely free manner (not just advisory fees, but transaction fees too) with a wide selection of ETF's which can be accessed in a DIY or robo-advisory i.e. answering a number of questions online manner.

Robo-Advisors

DBS

DBS digiPortfolio

JW
jiajing wang
Level 4. Prodigy
Answered on 17 Oct 2019
I invested $1k in the Asia and at a risk of fast and furious. Hopefully will be able to how well it performs and if it will be a good start... All In all, this is Investing so it will take some time to see if the rates are worth

Investments

STI ETF

DBS

DBS digiPortfolio

Well, they are extremely different. And you can't compare them. DigiPortfolio is a globally diversified portfolio built with multiple ETFs to achieve that exposure. Based on your risk profile and investment horizon, you would be recommended a portfolio with asset allocation in both stocks and bonds. The STI ETF is just one ETF that invests in the largest 30 stocks in Singapore. So think of it this way. DigiPortfolio is like a full meal with lots of different meats and veggies. Sourced from all over the world. STI ETF is just one chicken wing. You can have a whole plate of chicken wings sure, but that's all you're eating. And all the chicken from the chicken wings was bred in just one country. Whether or not it's going to be very nice, depends.

Investments

Savings

Stocks Discussion

Lifestyle

Syfe

DBS digiPortfolio

Do read up on Syfe, AutoWealth, StashAway etc. Each one has its own merits. There is a good article by seedly on some of the robo-advisors. It may be a good guide for you. https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

Bank Account

Investments

DBS digiPortfolio

Currently, DBS Digiportfolio is only opened to DBS Treasure customers, and the funds are all unit trusts. I don't really like it as its the standard usual unit trusts available everywhere. I don't even know if the sales charge I paid is really the lowest that my banker said he got for me. ETF funds for DBS Digiportfolio would only be released on Nov 2019, I am really looking forward to that!

Investments

DBS

ETF

Unit Trust

DBS digiPortfolio

Jessica Ann Lee
Jessica Ann Lee
Level 4. Prodigy
Updated on 05 Sep 2019
Signed up a while ago. Always been interested in Robo-advisor, the concept of putting money and not caring about it (maybe check once a year or once every quarter). DBS is a local bank and I have accounts there, so the signing up process is really easy. It's pretty new, so no one can tell you the performance results now, probably need to wait 1, 3 or 5 years later. Sign up now with a small monthly contribution?

Robo-Advisors

DBS digiPortfolio

SW
Shaun Wq Lim
Level 5. Genius
Answered on 18 Jun 2019
Looks new and leveraging unit trusts instead of ETFs to generate returns. Management fees look reasonable for the normal portfolio. Got to look deeper into the underlying unit trusts and costs.
About DBS digiPortfolio
Operations DBS Bank Ltd (Co. Reg. No. 196800306E)
MethodologyAsia and global portfolios at different risk levels, and Exchange-Traded Funds.
Fees0.75% p.a. charged based on portfolio value.
MinimumAsia Portfolio: S$1,000 | Global Portfolio: S$1,357.40

About DBS digiPortfolio

digiPortfolio is a ready-made investment portfolio that combines human expertise and robo-technology into one to grow and protect your wealth.

There are 2 types of portfolios available:

Asia Portfolio

Currency: SGD

Geographic focus: Asia with Singapore focus

Underlying: SG listed ETFs

EIP/SIP: Excluded Investment Products (EIP)

Investment experience criteria: No pre-qualification necessary

Minimum Investment: S$1,000

Ideal for: "Invest, sleep, Repeat" Investors

Global Portfolio

Currency: USD

Geographic focus: Global

Underlying: UK listed ETFs

EIP/SIP: Specific Investment Products (SIP)

Investment experience criteria: Customer must pass Customer Account Review

Minimum Investment: USD$1,000

Ideal for: Investors who are willing to take USD exposure and hopes to diversify globally

After choosing your preferred portfolio, you have to decide your choice of risk level.

  • Risk Level 2: Slow 'n Steady - Invests primarily in fixed-income instruments to provide stability to the portfolio while taking advantage of the growth potential of equities
  • Risk Level 3: Comfort Cruisin' - Evenly diversifies between equities and fixed-income assets in order to take advantage of market opportunities while maintaining stability in the portfolio
  • Risk Level 4: Fast n' Furious - Favours equities as opposed to fixed-income instruments. Higher allocation to equities may result in higher volatility and potential losses, but is often used to achieve higher potential returns

Method of investing for DBS digiPortfolio

DBS digiPortfolio has an Investment Team that consists of:

  • Discretionary Portfolio Management Team - Focuses on construction and management
    - Selects the best funds from DBS' platform
    - Optimises risk and return trade-off
    - Constructs resilient portfolios
    - Monitors the markets and rebalances the portfolios when necessary
  • Chief Investment Office - Focuses on strategizing
    - Top-down evaluation of macroeconomic and investment environment
    - Provides strategic and tactical asset allocation views

The aim is to achieve a return over 3 to 5 years while managing price fluctuations (risk) in the market.

Minimum investment and fees for DBS digiPortfolio

DBS digiPortfolio charges a small, flat management fee of 0.75% to curate and manage the portfolios.