Shares - SHARE BUILDERS PLAN
Share Builders Plan (“SBP”) is a regular fixed dollar amount investment plan, which enables you to buy shares on a consistent and incremental basis so as to build up a portfolio of securities for yourself eventually. Therefore, you do not need a huge amount of funds to invest in stock market since Share Builders Plan presents an opportunity for you to invest in stock market to buy odd lots at a reduced cost.

By investing a fixed amount of funds consistently every month over a period of time, your average cost of shares purchased will generally be lower than the average price of the shares over the same period of time. This is possible since with the same amount of funds, you will buy more shares when prices are low and fewer shares when prices are high.

This investment method is known as dollar-cost-averaging, and it is especially useful in hedging against market volatility. With such a disciplined and consistent method, you will eventually build up a portfolio of stocks at a lower averaged cost.
29 Counters Available for Selection

Click here for the full counter list


A Gift For Your Little Ones



Every child is a precious gift to us and we always want the best for them. Open a Junior Share Builders Plan jointly with your child to give them a head start in life. You can start up with as low as S$100 a month with any counters that available in Share Builders Plan. Visit any of our Phillip Investor Centres and bring along your required documents to start up now :
  1. NRIC
    -Singaporean & Singapore PR or
    -Employment/ S-Pass and Passport (Foreigner) of Parent/Legal Guardian

  2. Birth Certificate or proof of guardianship of the child

  3. A bank account number that you want to use for the Inter-bank GIRO deduction


  • Overview
  • Requirement
  • Fees and Charges
  • FAQ
  • Infosheet
  • Form
29 counters available for selection
Start from as low as S$100/month per counter
Auto GIRO deduction from bank
Dividend Reinvestment
Flexible to amend your investment instruction through POEMS
No lock in period


Account holder must be at least 18 years old;
A minor (new born to 17 years old) must open an SBP Joint Account with the parent / legal guardian.
Parent/Legal Guardian must have a stock trading account with Phillip Securities Pte Ltd
Must have an Interbank GIRO Account

Note:
* All fees are subjected to GST
**Dividend charges will be equivalent to dividend amount, if the amount is less than S$1.

    General
  • What is Share Builders Plan?
    • Share Builders Plan is a regular fixed-dollar amount investment plan which enables you to buy shares on a onsistent and incremental basis so as to build up a portfolio of securities for yourselves eventually. Therefore, you do not need a huge amount of funds to invest at a time.
  • What is dollar-cost-averaging method of investment?
    • By investing a fixed amount of funds consistently every month over a period of time, dollar cost averaging benefits you regardless of price fluctuation. You purchase more units when the price is lower and fewer units when the price is higher. This investment method is known as dollar-cost averaging. And it is especially useful in hedging against market volatility. With such a disciplined and consistent method, you will eventually build up a portfolio of stocks in average cost.


  • Application
  • Who is eligible to apply for SBP?
    • Anyone above the age of 18 years old can apply for SBP.
      Individuals below the age of 18 years old must open a joint SBP with their parent / legal guardian.
  • Does SBP allow joint application?
    • Yes, SBP allows joint application. Either one of the specimen signatures of both applicants is authorized and empowered to act in accordance to the terms and conditions binding SBP. For joint application with a child below 18 years old, a copy of the birth certificate must be submitted during application.
  • How do I participate in SBP?
    • You may complete an SBP Application Form together with an Interbank GIRO Application Form. If you do not have a trading account with Phillip Securities Pte Ltd, you will need to open one. The purpose of the trading account is to facilitate your share liquidation from SBP in the future.
    • Alternatively, you can apply online through POEMS 2.0 by the following steps:
      Login to POEMS HERE > Acct Mgmt > Share Builders Plan.
  • What do I need to bring along applying for SBP?
    • You will need to bring along your NRIC or Passport & Work Permit / Employment Pass (for foreigners) and a valid bank account number that you want to use for the Inter-bank GIRO deduction. If you are opening a joint account with your child below 18 years old, please bring along the birth certificate of the child.
  • What is the minimum amount that I have to invest?
    • The minimum amount of investment is S$100 a month per counter.
  • Can I choose the shares that I want to invest in?
    • Yes, you can choose to invest in any of the 29 selected Singapore listed shares.
  • What are the counters available?
    • Click here for full counter list.

  • How do I indicate the share counters that I want to invest in?
    • You will have to fill in your investment instructions on the SBP Application Form. On the investment instructions, you have to indicate the share counter(s), the investment amount for each counter and select a preferred counter if you have more than one counter in your investment selection.
  • What is preferred counter?
    • The preferred counter is the counter that the handling fees will be deducted from. Moreover, if there are any excess funds in the SBP account resulting from the previous month’s left over or corporate actions (such as dividends, cash offers, bonus rights issue, etc) they will be rolled over for the following month’s investment and reinvested into your preferred counter.
  • How would I know how many shares I have?
    • Every month, there will be a statement sent to your email address based on POEMS record, if you have opted in for e-statement. Please take note that a monthly administrative fee of $2.14 (inclusive of GST) will be levied for each physical statement that we send to you, if you do not opt in for e-statement. The statement will state the total shareholdings, current cash ledger balance and investment execution of the month. Alternatively, you can view your shareholdings via POEMS.

      Please login in to your POEMS HERE > Stocks > SBPlan > Portfolio.
  • Can I apply for SBP through POEMS online?
    • Yes, you can apply SBP through POEMS online by the following steps: Login to POEMS HERE > Acct Mgmt > Share Builders Plan.


  • Amendment, Suspension And Termination
  • Can I amend the investment instruction?
    • Yes, you can amend your investment instructions via POEMS or by completing the SBP Investment Amendment Form. Amendments can be made to the selection of counters and the investment amount. However, amendment for the month will be effected only if the instructions are completed and submitted to us 6 business days before the transaction date, which is on the 18th of every month. Otherwise, the amendment will be effective from the next investment month.
  • Can I temporarily suspend the SBP?
    • Yes, you can suspend your SBP by completing the SBP Suspension Form. However, if the SBP is suspended for more than 3 months without any shareholdings. Phillip Securities Pte Ltd reserves the right in its sole and absolute discretion to terminate your SBP.
  • How can I re-activate my SBP after it is suspended?
    • You can re-activate your SBP account via POEMS or by completing the SBP Re-activation form.
  • What will happen if my SBP is suspended?
    • When your SBP is suspended, no further GIRO deduction will be effected from your bank account until you reactivate your SBP. During the suspension period, your shareholdings and cash balance are remaining in your SBP portfolio.
      All corporate actions for your shareholdings are still eligible. There is no maintenance fee during the suspension period but physical statement charge, if you did not opt-in for e-statement.
  • If I want to terminate my account, what will happen to my SBP shareholdings?
    • Before proceeding for termination, you can request Phillip Securities Pte Ltd to transfer your SBP shareholdings to your CDP GSA. Transfer fees apply at $21.40 (inclusive of GST) per counter chargeable by CDP and Phillip Securities Pte Ltd. Alternatively, you can liquidate your shares through POEMS online or your Trading Representative. The sale proceeds will be credited to your trading account.


  • Payment
  • How do I pay for my investment?
    • Interbank GIRO is used for fixed monthly transfer of funds from your bank account into Share Builders Plan for investment. You have to ensure that sufficient funds are available at least 6 business days before the Transaction Date (18th of every month).
  • Who are the participating banks for this Inter-bank GIRO facility?
    • All banks with Interbank GIRO Facility in Singapore.
  • How long does it take for my Interbank GIRO Account to be linked with my SBP?
    • It takes about 3 weeks to link up your GIRO. However, the processing times may vary with each bank.
  • Can I start my SBP Investment pending my Interbank GIRO to be linked with my SBP?
    • Yes, you can start your SBP investment while pending your Interbank GIRO linkage with SBP. You may pay by cash (cash over the counter is available at Raffles City ONLY) or cheque for your first SBP investment.
      For payment by cheque, please issue to payee "Phillip Securities Pte Ltd" with the total investment amount as indicated in your investment instruction
  • What if I do not have enough funds in my bank account?
    • If you do not have enough funds in your bank account, your monthly investment will not be executed and there will be insufficient funds charge of $5.35 (inclusive of GST) to be deducted from your SBP ledger next month. If you have insufficient funds for 3 continuous months, your SBP will be suspended. If you wish to continue, you will have to re-activate your SBP Account and ensure that you have sufficient funds in your bank account for monthly investment deduction.
  • Can I change my Interbank GIRO Account for my SBP?
    • Yes. You can change the Interbank GIRO account for your SBP by submitting a new Interbank GIRO Application Form.
      However, please take note of the processing time for your new GIRO Bank Account to link up your SBP as it could lead to lapse ofin investment during this transition period.


  • Execution Of Investment
  • When and how are the buying executed?
    • The aggregate monthly investments of all clients for any particular selected SBP counter will be done on the 18th of every month (“Transaction Date”) on a non-discriminatory and non-preferential basis. If the 18th of the month falls on a non market day, buying of the counter will be done on the next available market day.
  • How are the shares allocated to me?
    • You will be credited with the nearest rounded-down whole number of the designated share counter that can be purchased with your fixed monthly investment less the handling fee.
  • Will the execution of my investment instruction be based on the whole amount of money I have indicated?
    • Since we cannot credit shares on a fractional basis, we will only buy shares to the nearest whole number that is available with your monthly investment minus the handling fees. The uninvested amount of money will be rolled over to be aggregated with next month’s investment amount.
  • How are the excess funds in my SBP Account being handled?
    • If there are excess funds left in your SBP, these funds will be added to your current month’s investment amount for purchasing your preferred counter. The excess funds may arise from but are not limited to un-invested balances brought forward from previous month as well as corporate actions such as dividends, cash offers and bonus rights issue.

      For example, if the un-invested amount last month was S$8.70, then the investment amount for SIA this month will be S$302.28, which is the sum of S$300 plus the un-invested amount of S$8.70 less handling fee of S$6.42 (inclusive of GST).
  • How is the SBP handling fee deducted?
    • You will have to indicate the preferred counter from which the handling fee will be deducted. The actual buy amount for the counter will be the buy amount you stated on the amendment of Investment Instruction minus the handling fees. You may amend your preferred counter via POEMS or by completing the investment instruction form.

      For example, if you indicate that your investment amount for SIA is S$300 and if our handling fee is S$6.42 (inclusive of GST), the actual investment amount for SIA will be S$293.58.
  • Can I put the excess funds from the SBP into the Money Market Fund (MMF)?
    • No. The excess funds from the SBP cannot put into the Money Market Fund (MMF).


  • Sellng And Transfer Of Shares
  • How do I sell my shares?
    • You can sell your shares via POEMS online or your Trading Representative. However, please check for the correct counter and quantity in your SBP Portfolio before selling your shares. It is also important for you to notify your Trading Representative that you are selling from your SBP shareholdings if you execute the trade/sale through POEMS online.
  • How can I get the proceeds from selling the shares?
    • Proceeds from the sale of shares will be credited to your shares trading account that is tagged to your SBP.
  • Can I transfer my SBP shareholdings to my own CDP GSA?
    • Yes, you can transfer the shares from your SBP shareholdings to your CDP GSA but transfer fees of S$21.40 (inclusive of GST) per counter per transaction is chargeable by CDP and Phillip Securities Pte Ltd. Shares transfer from Junior SBP to CDP GSA of the main account holder is NOT allowed.


  • Handling Fees And Charges
  • What are the charges involved?


    • Note:
      * All fees are subjected to GST
      **Dividend charges will be equivalent to dividend amount, if the amount is less than S$1.



  • Others
  • Will I be entitled to the dividend payment?
    • Yes, dividend payment will be calculated based on the number of shares you hold and it will be reinvested to your preferred counter by default. Dividends can also be paid out to you on request before reinvested into your preferred counter.
      However, if the dividend payment amount is less than S$1, this dividend payment will be equal to dividend charge.
  • What about bonus issue and capital distribution?
    • For bonus issue, it will be allocated to you based on the issue ratio and the number of shares you hold. As for capital distribution, it will be calculated and credited into your ledger balance.
  • Will I receive entitlements to a rights issue?
    • Yes, you will be credited with the rights entitlement based on your shareholdings.
  • How do I apply for the rights issues allocated to me?
    • You will have to complete and sign the Rights Instruction Form send by us and return it together with full payment to us before the due date stated in the form.
  • What if I do not sell my rights allocation during the rights trading period or subscribe for the rights by the closing date for acceptance?
    • The rights allocation will lapse and become worthless. These entitlements will then be removed from your shareholdings accordingly.
  • What if the share counter that I am buying is suspended / halted on the execution day?
    • If the share counter is suspended / halted on the execution day, the funds for investment will be rolled over to be invested in the preferred counter the following month.
  • Who can I contact for more detailed information with regards to SBP?

 




Talk to us. Talk to Phillip.
(65) 6531 1555