A specially designed product that offers you a disciplined investment strategy by enabling you to commit to invest a fixed, relatively small amount of money on a regular basis into a Mutual Fund or funds of your choice.
By employing several key principles of investing, the Regular Savings Plan (RSP) makes your money work prudently for you. Key benefits include the following:
Potential Rewards of Regular Savings Plan
- You commit to set aside money on a consistent and regular basis for future needs
- Investors need not worry about market timing becomes a thing of the past!
- Effective investment portfolio build -up through regular, affordable and regular amounts
Power of Compounding
You maximise returns by re-investing any dividends you receive back into your investment. Compounding helps grow a small sum of money into a substantial amount over a longer time horizon.
Potential Benefits of Dollar Cost Averaging
By committing to buy a fixed sum of a particular investment on a regular schedule, fewer units will be bought when prices go up, and more units will be purchased when prices go down. The average cost of each unit acquired will most likely be lower than the fund's average price over the same period.