Plan
Design a financial plan to ensure you reach your life goals with ease.
Insure
Get the coverage you need to secure your loved ones’ well-being.
Invest
Make the most of your savings with reliable long-term returns.
Resources & Events
Explore guides, news, upcoming events and more.
Tag:
Investment and Savings
The fees payable are listed below:
These fund level expenses are not deducted from units but are implicit; their impact is incorporated into the NAV of the fund and reflected in fund performance. WiseIncome has one of the lowest expenses among multi-asset unit trusts in Singapore. Apart from this, there are no further charges. There is no sales charge for investing in WiseIncome and no redemption charges. The fund does not pay any trailer commissions or retrocessions to MoneyOwl. Furthermore, MoneyOwl will absorb the platform fee charged by iFast Financial Services, which provides custodial and platform services.
Investment and Savings
TER for both share classes comprises of annual management fees of 0.4% p.a. and other fund level fees required to run the fund. It is ranked in the lowest quartile in terms of management fees for multi-asset and target return funds registered in Singapore, based on Morningstar Direct*. As this is a newly launched fund, we are not able to provide the full TER of the fund as this is dependent on fund size. TER is not deducted from units but is implicit; its impact is incorporated into the Net Asset Value of the sub-funds and reflected in fund performance. *Source: Morningstar Direct, as of 31 December 2020. Morningstar universe includes 104 ‘Allocation’ and ‘Target Date’ funds under the EAA Morningstar category, with available management fee data that are registered for sale in Singapore.
Investment and Savings
Please refer to https://www.moneyowl.com.sg/pricing/
Investment and Savings
Your dividends will be credited to your portfolio’s investment cash account. To withdraw the monies from your cash account, please follow these steps.
Step | Details |
1 |
Log in to your MoneyOwl Account |
2 |
Click on “WiseIncome Portfolio” |
3 | Select the portfolio you would like to redeem from |
4 | Click on “More” at the top right corner of the screen |
5 | Select the “Withdrawal” option |
6 | Submit a request to redeem from Cash Account to Bank Account |
The proceeds will be reflected in your Bank Account within 1-2 business days.
Investment and Savings
There is no lock-in period for WiseIncome. However, we do advise our clients to have a minimum holding period of at least 8 years to minimise the risk of loss. Please follow these steps to redeem your investment from WiseIncome:
Step | Details |
1 |
Log in to your MoneyOwl Account |
2 |
Click on “WiseIncome Portfolio” |
3 | Select the portfolio that you would like to redeem from |
4 | Click on “More” at the top right corner of the screen |
5 | Select the “Withdrawal” option |
6 | Submit a request to redeem from Portfolio to Cash Account or Portfolio to Bank Account |
Your proceeds will be credited into your cash account or bank account accordingly within 7-8 business days.
Investment and Savings
Steps | Details | Business days required |
1. | Redeem your WiseIncome into your WiseIncome cash account (A) | T+7 |
2. | Create a WiseIncome investment portfolio (B) if you do not have an existing one | Immediate |
3. | Go into your WiseIncome portfolio (A) and click “Transfer” under “More” button to transfer the money from your WiseIncome cash account (A) to your selected WiseIncome cash account (B) | Immediate |
4. | Execute the Buy Order from selected WiseIncome cash account (B) | T+4 |
Total estimated turnaround time | T+11 |
Investment and Savings
If you have an email address, we will strongly encourage you to set up a MoneyOwl account so that you can easily place your transactions through our online portal and access your portfolio details and statements in real time. Our client support team will be happy to guide you through the account opening process in person or via video conferencing.
If you do not have an email address or have difficulties setting up one, we will require you to apply for the fund purchase in person at our office at 23 Keong Saik Rd. Please call us at 63299188 to make an appointment with us before coming and one of our client advisers will guide you through the process and address any questions you have on the product.
You will need to bring the following documents as well:
Investment and Savings
You will need to do the following:
Step | Details |
1 |
Redeem your WiseSaver into your WiseSaver cash account. The proceeds will be credited into your cash account within 1-2 business days. |
2 |
Create a WiseIncome portfolio if you do not have an existing one. |
3 | Once your proceeds have been credited into your WiseSaver cash account, go to WiseSaver portfolio, under ‘More’ button click “Transfer” to transfer the money from your WiseSaver cash account to your WiseIncome cash account. This transfer is immediate. |
4 | Once the system ascertains that you have sufficient balances in your WiseIncome cash account, the trade will be placed immediately and completed within 4 business days. |
Get the best of MoneyOwl delivered straight to your inbox.
Connect With Us