DBS digiPortfolio Reviews and Comparison - Seedly
 

DBS digiPortfolio

  • Overview
  • Reviews (5)
  • Questions (14)
  • More Details
Robo-Advisors/DBS digiPortfolio
DBS digiPortfolio
3.8
5 reviews

DBS digiPortfolio

0.75% p.a.
PRICING
$1000 to $1357.40
MINIMUM INVESTMENT
Web and Mobile App
PLATFORMS

    DBS digiPortfolio

    0.75% p.a.
    PRICING
    $1000 to $1357.40
    MINIMUM INVESTMENT
    Web and Mobile App
    PLATFORMS

Details

Operations

DBS Bank Ltd (Co. Reg. No. 196800306E)

Methodology

Asia and global portfolios at different risk levels, and Exchange-Traded Funds.

Read More about DBS digiPortfolio
Reviews (5)

3.8

5 Reviews

  • 5
    2
  • 4
    2
  • 3
    0
  • 2
    0
  • 1
    1

Read Review About...

robo product

good not

base superior

customer base

massive customer

advntage massive

making advntage

transparency making

performance transparency

impressed performance

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  • Updated 2w ago

    Purchased

    DBS digiPortfolio

    Its good overall but I am not impressed with the performance. I would also like transparency to see what changes they are making and when, maybe thats too much information for most but at least make it available. They have the advntage since they already have a massive customer base but they still need to have a superior product rather than just another robo advisor...
    0 comments
    0
  • Posted 3w ago

    Purchased

    DBS digiPortfolio

    [Waiting Time] [Others] Put in more than 50 K in dbs digi portfolio and there are issues seeing the portfolios... stay away till their issues are resolved
    0 comments
    0
  • Posted on 21 Dec 2019

    Purchased

    DBS digiPortfolio

    Really easy to set up. From a bank so I would not have to worry about insolvency issue. Returns cant judge for now.
    0 comments
    0
  • Updated on 13 Nov 2019

    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.
    0 comments
    0
  • Posted on 09 Nov 2019

    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.
    0 comments
    0
Questions (14)

Recent Activity

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Stocks Discussion

Investments

Robo-Advisors

OCBC RoboInvest

StashAway

AutoWealth

Smartly

Syfe

Endowus

Kristal.AI

DBS digiPortfolio

SquirrelSave

Phillip SMART Portfolio

UTRADE Robo

Hui Wai Kit
Hui Wai Kit
Level 5. Genius
Updated 3w ago
The returns will depend on the risk profile you set with the robo-advisor, more conservative portfolios will return lower but more consistent returns while higher risk portfolios will see higher returns (albeit potential higher standard deviation). Do go through the entire KYC process with the robo advisor before choosing the risk profile which suits you the best! Depending on the risk profile you choose, the robo will allocate/diversify the portfolio accordingly. eg. more conservative portfolios will see higher allocations in bonds vs stocks and vice versa for a more aggressive profile. As amanda mentioned, you can check out the reviews for the robos on Seedly and see if you can relate to any specific experience. You can also read this article which Seedly has covered regarding the available robo-advisors here as well: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

Investments

DBS digiPortfolio

Stocks Discussion

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered on 14 Dec 2019
You can check out a review by financesmiths blogger here: http://financesmiths.com/index.php/2019/12/10/our-problems-with-the-dbs-digiportfolio Seems like alot of teething problems especially if you want to do RSP topups. Disclaimer: I did not write it.

Investments

Robo-Advisors

DBS digiPortfolio

ETF

Harvey Tan
Harvey Tan
Level 6. Master
Updated on 15 Dec 2019
If you want the ease of investing, i.e. a hands-off approach, going with Robo-adviosirs will make for a better choice since you do not have to bother yourself with 1. ETF selection 2. Rebalancing of your portfolio 3. Reinvesting the dividends 4. Buying and selling of the ETFs 5. and etc.............. If you want the lowest cost possible then DIY makes better sense, since you can choose the ETFs that goes into your portfolio. Remember that robo-advisors does not allow you to choose the ETF that goes into your portfolio. You can only choose your risk profile/tolerance which in turn determine your ETFs that goes into your portfolio and its allocation. I have a financial blog that talks everything about ETF. Do check it out. http://investment-blueprint.com

Investments

DBS digiPortfolio

PhillipCapital (POEMS)

Stocks Discussion

Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered on 08 Dec 2019
Before you click on the "submit button" on your buy/sell order on the brokerage plateform, it should give a breakdown on the associated costs incurred for that particular trade. Usually include a minimum fee imposed by the brokerage, in addition there will GST charges etc

Robo-Advisors

DBS

DBS digiPortfolio

JW
jiajing wang
Level 5. Genius
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

DBS

Investments

DBS digiPortfolio

ETF

SW
Shaun Wq Lim
Level 6. Master
Answered on 03 Dec 2019
DBS Invest Saver is a regular investment plan where you put a certain amount of money every month to buy ETFs or Unit Trusts. DBS DigiPortfolio is a hybrid robo-advisor type offering, where the selection of the ETFs are done by humans and backend operations are done by technology. It depends on your amount of money that you have to invest and your investment strategy. DBS Invest Saver: Start with $100/month Option of ETF or Unit Trust Most offerings are SGD DBS DigiPortfolio: Start with S$1000 or US$1000 Option of Asia focus or Global portfolio ETFs only Both allow you to start small and grow I started with DBS Invest Saver when embarking on my investment journey as the amount is small and allowed me to stay invested. I am looking at DigiPortfolio again to see if it makes sense to start.

Investments

Bank Account

DBS Multiplier

DBS Multi Currency Account

DBS digiPortfolio

Arun Pai
Arun Pai, Chief Kristals Officer at Kristal.AI
Level 4. Prodigy
Answered on 14 Nov 2019
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
Level 4. Prodigy
Answered on 24 Oct 2019
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.

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.
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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.