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Investment Funds
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- Regular Savings Plan
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- FAQs
What are Investment Funds?
An Investment Fund (also known as a Mutual Fund) is a pool of funds collectively managed by a professional fund manager. You invest in an Investment Fund by buying units in a trust. Here, your money is pooled with other investors to form a fund that is invested into a variety of assets to meet various specific investment objectives.
Benefits of Citi Investment Funds:
- Investment Funds allow you to:
- Diversify your investment portfolio
- Manage your risks
- Invest in increasingly complicated financial markets at a low minimum investment amount
- Features of Citi Investment Funds:
- Buy and sell Investment Funds conveniently on Citibank Online and the Citi Mobile App.
- Start a Regular Savings Plan (RSP) with as little as $100 monthly to manage risk and grow your investment portfolio gradually.
- Switch your investments between Investment Funds to manage risks and opportunities.
- Track your Investment Funds portfolio with ease.
- Access to Fund Explorer on Citi Mobile© App and Online Banking
What is a regular savings plan?
Time in the market is better than timing the market.
Instead of relying on guesswork to time the market, you can adopt a powerful investment approach: Dollar Cost Averaging. By contributing a fixed amount each month to invest into investment funds, you buy more units when the prices are low and less when prices are high. A Regular Savings Plan (RSP) adopts this approach, which can help to average out the market's peaks and troughs.
Benefits of Regular Savings Plan (RSP):
- Affordable
- All it takes is S$100 to begin investing in Investment Funds through Regular Savings Plan (RSP), you could be on your way to achieving your financial goals.
- Ability to manage market timing using the concept of Dollar Cost Averaging
- Investing a fixed amount on a regular basis helps to average the cost of investment and over time when market moves upwards, you will have the opportunity to gain from it.
- Automatic and flexible
- Monthly investment orders will be set up and processed automatically. What's more, you can also choose a desired calendar date for the investment purchases.
- Choose from tenures of a 1, 3 or 5 year savings plan or even an alternative tenure that may best suit the timing of the financial goals you are striving to achieve.
An illustration of how Dollar Cost Averaging in RSP works:
Benefits of this Strategy
- In this example, the average cost per unit of $40.50 is lower than the market price in 7 of the 12 months
- This strategy involves one simple decision at the beginning - to invest $1,000 per month, without having to consider or monitor the general fluctuation of market prices for the rest of the year
- Without any further effort on your part, your investment is able to take advantage of the market when unit prices are low, resulting in an overall cost that may be more favorable than trying to time the market in the long run
Example
A regular monthly investment of $1,000 is made and units of an investment fund are purchased at market prices (shown below in table).
| Illustrating how prices may decrease before increasing* | ||
| Price($)/Unit | Units Bought | |
|---|---|---|
| January | 45 | 22.22 |
| February | 44 | 22.73 |
| March | 42 | 23.81 |
| April | 38 | 26.32 |
| May | 35 | 28.57 |
| June | 31 | 32.26 |
| July | 34 | 29.41 |
| August | 38 | 26.32 |
| September | 41 | 24.39 |
| October | 46 | 21.74 |
| November | 50 | 20.00 |
| December | 54 | 18.52 |
| 296.29 | ||
| Total monthly investment: $1,000 x 12 = $12,000 Total number of units purchased: 296.29 Average cost to you per unit over 12 months: $12,000/296.29 = $40.50 |
||
*The figures in this table are not based on the performance of specific investment funds and are for illustrative purposes only. They do not represent any actual or anticipated performance of any funds and are not based on actual or anticipated fund prices.
Getting Started with Investment Funds
Login to Citi Mobile® App and click on “Wealth”
Tap on “Investment Funds”
Select the fund of interest
Choose your investment amount
Choose your funding account
Review your order
Confirm your order
Trade successfully placed
Complete your relevant Investment Profile and Declarations
- Do note that you will need to complete the following forms before you can purchase a Investment Fund.
- Active Settlement account
- Customer knowledge Assessment (CKA) Form
- Investment Risk Profiling Form
- Knowledge and Education Investment Funds
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For Singapore Clients, click here.
For International Personal Bank Clients, click here.
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Trade on Citibank Online now:
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For International Personal Bank Clients, click here.
Don’t have a Citibank account yet?
For Singapore Clients, begin your wealth journey here.
You will need a Citibank checking / savings account and an Investment Fund account.
You will also need to complete an Investment Risk Profile to determine if Investment Funds is a suitable investment product for you.
For International Personal Bank Clients, apply now.
You may start by investing a minimum amount of US$10,000 (or equivalent).
You can either invest via a single lump sum investment from as low as US$1000, or you can start a Regular Savings Plan (RSP) or both.
Note: Wealth management privileges, services, products and pricing offered may vary depending on your country of residence and type of account
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Dollar Cost Averaging
- The Dollar Cost Averaging principle of investment in a Regular Savings Plan does not promise a profitable outcome nor does it protect the investor against losses in a continuously falling market.This technique however, does remove much of the decision making elements of how to invest and when to invest.
No Guarantees
- Returns are not guaranteed and costs will still be incurred even if the fund performs poorly.
Lack of Control
- By investing in an Investment Fund, you give up control over the choice of individual bonds, shares and other assets that go into the fund, as the fund manager will make these decisions for you.
Impact of Fees on Returns
- The total cost of sales charge and expenses can be higher than investing in individual securities. Investors should be cautious with funds that charge high fees as they can potentially reduce the investment returns.
Market Risk
- The major source of risk and volatility with Investment Funds comes from the underlying assets held by the fund.
Liquidity Risk
- Investment Funds are relatively liquid with most funds allowing access to funds within a reasonable short time frame. In times of severe economic downturns, however, funds can reduce this liquidity, and potentially even freeze all redemptions for a period of time, so as to protect the holdings of the fund and not disadvantage investors who want to stay in the fund.
Manager's Risk
- The performance of the fund may be affected by the skill or reputation of the fund manager. This may give rise to "key person risks" should the particular fund manager leave the organization.
Exchange Rate Fluctuations
- Investors investing in Investment Funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal when the foreign currency is converted back to the investors’ home currency.
Risk is an inherent aspect of every form of investment. Investors should be advised that past performance is not indicative of future results and be prepared for fluctuations in the market price of their Investment Funds, including the possible loss of the principal amount invested.
* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.
Investment in mutual funds is subject to risks including, but not limited to, those set out in the General Disclaimers and Risk Disclosure Statement. Investing in a product type such as a mutual fund, where the basis of the product is a portfolio of underlying securities, exposes the investor to risks affecting those securities, whether these be equity securities, bonds, short-term money market instruments or derivatives or other types of investments. The level of risk will depend on the type of underlying assets in the portfolio.
You may proceed to the 'portfolio' tab to view your purchases investments the following working day. Investment orders purchased online takes 1 day to be reflected in a client's account.
You will be able to view your Investment Funds portfolio, buy / sell / switch / set up a Regular Savings Plan (RSP). You will also be able to open An Investment Fund account.
Yes. As NAV is computed once a day based on the closing market prices of the securities within the Fund's portfolio, the NAV that is reflected at the point of transaction reflects the last available historical price. If your transaction is placed and accepted before the Fund's cut off time, the transaction will be processed and priced for the same day. If the transaction is placed and accepted after the cut off time, the transaction will only be processed and priced for the next working day. The actual NAV will be available 2 business days after the transaction date.
The switch tab is an option if you would like to switch between investment funds offered by a particular fund house. Each switch transaction is subject to the fund houses' approval and should only be within the same house.
Switching is only available for funds within the same fund house. This is subject to each Fund houses' approval.
Fund House, Switch Fee(Up to)
Allianz Global Investors, 1.00%
Blackrock, 0.50%
Deutsche Bank Global Markets, 0.50%
Fidelity Worldwide Investment, 1.00%
First State Investments, 1.00%
PIMCO, 1.00%
Schroder Investment Management, 1.00%
PIMCO, 1.00%
Templeton Asset Management, 1.00%
Redemption cycles would usually take up to 5 business days (T+5) from the day they are transacted. Once completed, sales proceeds will be settled into your designated settlement account.
Yes. However, all settlements of transactions will need to be made in the same currency that the share class is denominated in. Therefore you will need to set up a settlement account denominated in the relevant foreign currency for the transaction. Please contact your Personal Banker or Relationship Manager for assistance.
No. Investment Funds are typically not insured and the unit price will fluctuate. An investor's shares may be worth more or less than their purchase price at the time of the sale. It is recommended that you read the Prospectus carefully before investing.
Assuming that your portfolio is aligned to a well-defined strategy that is appropriate for your personal situation, you should review it at least once a year.
If you are not following a specific investment plan attuned to your goals, time horizon, risk tolerance and financial situation, then you should review it immediately. A good way to start is to complete a Personal Investment Risk Profile from Citibank.
Each client should apply for an investment account (per currency) and have 1 settlement account which would be used to fund the investment purchase. No cross currency transaction is allowed for Investment Funds.
The settlement account is a separate account maintained by Citi to facilitate settlement of purchased investments.
You can open ONE account with every banking relationship/account you have with us.
If you have opened an account online, your account will be opened instantaneously and you will be advised of your account number. Please contact your RM if you do not get your account number immediately.
Yes. Take note that your joint account needs to be assessed for Customer Knowledge Assessment. Please contact your Relationship Manager for assistance.
You may not be able to open an investment account for the possible reasons:
You do not have a cash account available.
You do not have a cash account in the same currency as the trading account that you have applied for.
Your account may be a Joint AND account.
Investment products are not available in your country.
Please contact your relationship manager for more information.
Your risk profile might not match the investment fund that you have selected.
Or, the fund that you are looking for is not offered with us.
Please seek assistance from your relationship manager.
Please check if you have you have signed the CKA, W-8BEN and Risk Profile Form. Other reasons could include insufficient funds or the fund that you have chosen is not available.
If you have met the above criteria, please contact your relationship manager for more information.
Confirmed online orders cannot be cancelled. Please contact your relationship manager for assistance. Please note that 7 calendar days cancellation period only applies to authorized schemes.
CKA - What is CKA?
CKA is the Customer Knowledge Assessment Form which is used to assess a client's knowledge about investment funds and financial know-how.
After completing the CKA form, you can send it to your RM who will submit it for updating into our database.
Kindly note that the CKA cannot be completed online.
CKA is only valid for a year from the date of assessment. In scenarios where your CKA has expired, no subscriptions can be performed. Please contact your relationship manager to perform a re-assessment in such a scenario.
Risk Profiling is a process where a client is assessed to calculate his/her risk appetite which will determine the type of Investment Funds each client can purchased.
A Risk Class determines each client's risk appetite. Each investment fund is also allotted with a risk class level so that it will help customers decide if they are suited for the risks involved with a specific investment.
The Investment Risk Profile Form is available online (Logon to Citibank Online and click on Investments / Investment services / My Profile and answer the questions to update your Investment Risk Profile).
Alternatively you may seek assistance from your relationship manager for more information.
Your Risk Class level is available at the Risk Profile Module when you login to Citibank online www.ipb.citibank.com.sg.
You will need to update your risk profile if it has expired.
Offline:
Your Risk profile can only be updated once a year if you are being assessed offline with your relationship manager. You have unlimited number of tries within a day but can only redo the assessment one year after the last assessment date once u have finalized it within that one day.
Online:
Please note that you may take the investment risk profile assessment twice a day if you are taking it online and you may redo the assessment only after 1 month of the last date of the assessment.
For more information, please seek assistance from your relationship manager.
All buy orders will be completed within 5 business days (T+5) from the day they are transacted, T being the transaction date of the buy order. Once the transaction process is completed, the units of the funds will appear under the investment holdings in your account. All units are priced based on the Net Asset Value of the transaction date.
You may check the tab 'transaction history' to know the status of the fund that you have just purchased/sold/switched. Please choose between the 'settled' and 'unsettled' tabs.
The cut off time to process an online order is 4pm (Singapore time) on any business day. Orders placed after 4pm on a business day will be processed on the next business day. Orders placed on a non-business day will be processed on the next business day.
Once we receive your order, it will be sent to the fund house for processing. It may take up to 5 business days for the transaction to be reflected in the investment holdings of your account once the transaction has been completed.
See details on cut-off time for order placement.
Online purchases are subject to sales charge of up to 2.5%. All sales charges are reflected on the pre-confirmation page when you place an Investment Fund order via Citibank online or the Citi Mobile® App. There is no sales charge for redemption/selling of Investment Funds.
| Investment Amount | Fee% |
| For all investment amounts | 3.00% |
You can view the charges in the “Review investment order” page when you are placing the order to purchase the mutual fund. There are no charges for redemption.
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For Singapore Clients:
Investment products are not bank deposits or obligations of or guaranteed by Citibank Singapore Limited, Citigroup, Inc or any of their affiliates or subsidiaries unless specifically stated. Investment products are subject to investment risks, including the possible loss of the principal amount invested. Past performance is not indicative of future results, prices can go up or down. Investors investing in investment and/or treasury products denominated in non-local currency should be aware of the risks of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. The information on this webpage does not constitute the distribution of any information or the making of any offer of solicitation by anyone in any jurisdiction in which such distribution or offer is not authorised or to any person to whom it is unlawful to distribute such document or to make any offer or solicitation.
Investment Funds listed on Citibank Online or the Citi Mobile® App do not take in to account the investment objectives or financial situation of any particular person. Prior to entering in to a transaction, prospective investors should consult with their own legal, tax, financial, accounting and such other advisors to the extent they consider necessary, and make their own investment, hedging and trading decisions (including decisions regarding the suitability of the transaction) based on their own judgment and advice from those advisors. Investors should also read the relevant prospectus / offer documents (which are available upon request at branches of Citibank Singapore Limited) before investing in any Investment Funds. All applications for Investment Funds are subject to Terms and Conditions specific and must be made on the application forms accompanying the prospectus or otherwise prescribed by the issuer.
Investment products are not deposits, are not subject to the provision of the Deposit Insurance Act and Policy Owners' Protection Schemes Act 2011 of Singapore and are not eligible for Deposit Insurance Coverage under the Deposit Insurance Scheme.
Investment products are not available to U.S. persons and may not be available in all jurisdictions.
The promotions, products and services mentioned in the referenced document are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey, Monaco, San Marino, Vatican, The Isle of Man, the UK, Brazil, New Zealand, Jamaica, Ecuador or Sri Lanka. The referenced document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the promotions, products and services mentioned therein to such individuals.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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The contents in this webpage do not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such contents or make such an offer or solicitation.
Investments are: Not Bank Deposits • Not Bank Guaranteed • May Lose Value • Not FDIC Insured • Not Offered to US Persons • Subject to investment risks, including the possible loss of the principal amount invested
Deposit Insurance Scheme - Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
The information provided on this website does not constitute the marketing or offering of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, The Vatican, The Isle of Man, the UK, Brazil, New Zealand, Jamaica, Ecuador or Sri Lanka. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
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