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Robo-Advisors/DBS digiPortfolio
Robo-Advisors/DBS digiPortfolio
3.5
32 reviews
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  • Claimed in December 2021
  • Pays to access additional features

DBS digiPortfolio Robo-Advisor Review 2021

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 for you to choose from namely, Asia portfolio and the Global Portfolio. Then, pick a comfortable risk level that allows the digiPortfolio to allocate your assets accordingly.

The fees and charges to invest with DBS digiPortfolio is 0.75% AUM for all amounts of investment and you need a minimum investment amount of S$1,000 or US$1,000 depending on your portfolio.

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DBS digiPortfolio

ETFs

INSTRUMENTS

0.75%

ANNUAL MANAGEMENT FEE

$1000 to $1357.40

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

DBS digiPortfolio

ETFs

INSTRUMENTS

0.75%

ANNUAL MANAGEMENT FEE

$1000 to $1357.40

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

Reviews (32)

3.5

32 Reviews

5
8
4
11
3
5
2
4
1
4

Service Rating

User Experience

3.9

Ease of Sign up

4.5

Customer Support

3.7
    pinned

    Pinned by DBS

      Posted 03 Aug 2021

      Purchased

      DBS digiPortfolio

      Easy signup process as a DBS account holder. Information on your investment is available on the phone app, which is a new function as previously was only available on the website. The portfolio is reviewed every quarterly, and the DBS team sends out an email every quarterly too to update on the market situation while making portfolio changes.

      0

      What are your thoughts?

      Posted 19 Jun 2022

      Purchased

      DBS digiPortfolio

      I gave it a try on Nov 2021 and inventing with the minimum sum of $1000. Asia portfolio Slow and Comfy. Keep on dropping and as of mid Jun 2022 the market value drop at $932. Didnt see the robo doing its work.. more to slow and comfy reverse trade it seems.. 😟

      1

      What are your thoughts?

      You invested just 1k and not dollar-cost-averaging? We're in a bear market - most stocks are in the red.

      Posted 04 Jun 2022

      Purchased

      DBS digiPortfolio

      It is easy to sign-up, and fees are reasonable. Besides by using the multiplier, it allows me to earn to earn more interest.

      0

      What are your thoughts?

      Posted 20 May 2022

      Purchased

      DBS digiPortfolio

      As a DBS user, i find digiportfolio simple to sign-up, and fees are justified as i have peace of mind. Plus I earn extra interest on Multiplier, and it's easy to consolidate my investments on NAV Planner.

      0

      What are your thoughts?

      Posted 14 Apr 2022

      Purchased

      DBS digiPortfolio

      [User Experience] nothing special [Customer Support] typical hotline contact [Returns Rate] not great [Waiting Time] quite a quick process [Others] being in the banking system. they should have thought of something better instead of copying others

      0

      What are your thoughts?

      Posted 11 Apr 2022

      Purchased

      DBS digiPortfolio

      Zero transparency and really low returns. As others have said, you won't even know how they charge fees, how they measure returns, and etc until it's too late. Just avoid!

      0

      What are your thoughts?

      Posted 21 Dec 2021

      Purchased

      DBS digiPortfolio

      [Returns Rate] Very low returns for Asia portfolio. I've tried both Fast and Slow portfolios. Both are bad. International portfolio seems okay. However it's much better to buy some low cost S&P500 ETF.

      0

      What are your thoughts?

      Posted 01 Sep 2021

      Purchased

      DBS digiPortfolio

      Has a good interface with some limited customisation of both ETF and Fund portfolios. If fees were better I would keep some funds here but as it is fees are way too high to make it worthwhile.

      0

      What are your thoughts?

      Posted 27 Jul 2021

      Purchased

      DBS digiPortfolio

      Easy sign up if you are already using Digibank. But the withdrawal took much longer than other robo-advisors.

      0

      What are your thoughts?

      11 Jul 2021

      Purchased

      DBS digiPortfolio

      easy to sign up and you can monitor your investment with your savings in the same screen via app in the phone. however, cannot access to more information about the portfolio via the app in the mobile phone so there is some inconvenience there.

      0

      What are your thoughts?

    Discussions (0)

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      Features of DBS digiPortfolio

      • Management Fees / Platform Fees/ Advisor Fees: 0.75% of AUM p.a. (Portfolio Management Fee) for all amounts of investment
      • Minimum Investment Amount: S$1,000 or US$1,000
      • Methodology: Hybrid investing combining expertise from DBS private banking and robo-technology for a cost-effective way to grow and protect your wealth through regional or global diversification.
      • Investment Portfolios: Global and Asia portfolio. Invest according to different risk profiles
      • To invest in DBS digiPortfolio, you will need a Multi-Currency account.

      Portfolios in 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: US$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

      How does DBS digiPortfolio invest?

      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.

      Fees and Charges for DBS digiPortfolio

      DBS digiPortfolio charges a small, flat management fee of 0.75% to curate and manage the portfolios. As with all other robo-advisors, any relevant SGX Clearing/Trading Fees and Dividends Handling Fees and GST are still applicable

      Contact DBS digiPortfolio

      • Visit DBS digiPortfolio's website for more information on the fees, and how to start your digiPortfolio with DBS
      • Tel: 1800 111 1111

      Operations

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

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.