Unit Trust

Why trade Unit Trust with POEMS

No Sales Charge

No Switching Fees

No Platform Fee

Lower risks compared to other financial products like stocks and DLCs due to diversification of holdings

Almost 2,000 funds across various investment objectives, asset classes and geographical regions to diversify your portfolio.

Regular Saving Plan (RSP)

Whether you are planning for retirement, saving for your children, or achieving any financial goals, you need a sound investment plan and the right product to see you through.

Regular Savings Plan is an investment plan that can help you meet your financial goals. It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility.

Lump-sum investment (EPS)

Other than investing regularly via RSP, you can invest in lump sums starting from S$500 (minimum investment amount varies between the funds). With lump sum investing, you can invest the money all at once into the market as soon as possible.

One of the methods to do lump sum investing in Unit Trust is via Lump Sum Payment – EPS (preferred option).

EPS allows investors to do a fund transfer payment via the ATM or Internet Banking for purchase of their shares or unit trust. To apply for EPS linkage, please mail in a copy of the Application Form for EPS to:

Phillip Securities Pte Ltd
250 North Bridge Road
#06-00 Raffles City Tower
Singapore 179101

Alternatively, you can make a payment via cheque payment or Bank Internet Banking Service. For more information, please visit FAQ > How do I make payment for my unit trust purchases?

What is Unit Trust

A unit trust is an investment vehicle that comprises a pool of funds from many investors and managed by a fund manager. The fund manager will invest the pooled money into assets such as stocks, bonds, money market instruments, a combination of these investments, or even other funds. By purchasing unit trusts, it will give you exposure to all the investments in that fund. The collective holdings of the assets held in trust will form the total portfolio of a unit trust fund.

Pricing Mechanism

The price of a unit trust is the Net Asset Value (NAV) per unit. This is calculated by the fund manager after the end of every business day and will be made known to the public by T+2 i.e. 2 business days after the business day in question.

An investor’s entitled net monetary value of the unit trust fund is the number of fund units owned, multiplied by the NAV per unit.

The number of units of a fund represents an investor’s proportionate holdings of this portfolio of assets and their proportionate entitlement to the income (if any) generated by these assets. Therefore,

(Number of units of a fund owned by an investor) x (NAV per unit*) = Investor’s entitled net monetary value of the unit trust fund

*The NAV (Net Asset Value) per unit prices announced by fund management companies are already net of the fund’s Annual Management Fees and Trustee Fees. We do not charge or collect these fees.


There are some costs involved when you invest in a unit trust. While some fees are applicable to all funds, there are other fees that you can avoid depending on which fund provider you choose to do your investments with.

With POEMS, enjoy:

0% Platform fees; 0% Sales charge; 0% Switching fees

Annual Management Fees and Trustee Fees are the only applicable fees. The management fee helps to cover the costs of operating the fund as well as the fund managers’ expertise in managing the fund. The trustee fee is charged by the trustee for providing custodian services for safekeeping the fund’s assets. The management fee usually ranges from 0.5% to 2% and the trustee fee usually ranges from 0.1% to 0.15%. The NAV per unit announced by the fund management companies are net of management fees and trustee fees.


Unit Trusts are managed by professional fund managers with expertise and experience in investments. Your investments will be monitored regularly by the fund managers who will make investment decisions based on research and analytical tools that you may not have access to.
Unit Trusts typically invest into a number of stocks and/or bonds in its portfolio that are from different companies and often from different industries or regions. This means that the poor performance of any one security or business sector is not likely to have a major adverse impact on your investment as a whole.
Investing in Unit Trusts not only allows one to gain access to overseas markets at ease, it also allows individuals to invest in products that might not be affordable. For instance, some bonds require a minimum investment of $100,000. Thus, Unit Trusts are good alternatives for investors to participate in these bond exposures at a relatively lower entry amount.
When building a diversified portfolio, the costs associated with buying units in a mutual fund may be lower than buying different individual stocks and bonds. This is due to economies of scale where the costs of accessing extensive research as well as, administrative, operating and trading expenses are spread amongst a large number of Unit Trust investors.
Unit Trusts are mostly open-ended investments that investor can buy and sell on a daily basis (unless otherwise stated). Fund management companies are mandated (under normal circumstances) to meet all “sell” requests from the unit holders.


Fund manager(s) make the decision of the assets that a Unit Trust invests into. When you invest in a Unit Trust, you give up control over the choice of individual bonds, shares and other assets that go into the fund. Even though the investment direction of the fund may be pre-determined, the specific needs of individual investors might not be considered.
Similar to any investments, there is always an element of risk when investing in unit trusts. Although the risks are relatively lower as compared to direct investments in stocks and shares, it is not entirely eliminated as Unit Trust is not a capital protected investment.

Transfer In

There are many good reasons why you should transfer in your assets from elsewhere to POEMS. You can consolidate your holdings in a single view and save more on your investments. Transferring in your assets is completely FREE-of-charge1. What’s more, be ready to get rewarded when you invest and accumulate your assets with your POEMS account.

Why wait? Transfer in your Unit Trust holdings and enjoy the following benefits:

– Be rewarded up to S$1,000
– 0% Platform Fees, 0% Sales Charge, 0% Switching Fee when you trade via POEMS
– Widest select of almost 2,000 funds
– 24/7 access to your investments via POEMS

Advisory Service

Need a helping hand to navigate your investment portfolio?

Get professional advice from our friendly experts to help grow your investments through his/her analysis. The Unit Trust Wrap account allows our representatives to wrap suitable Unit Trust funds into one account by performing a financial review coupled with qualified advices and regular portfolio rebalancing to tune up your investments.

1. There is no charge imposed by Phillip Securities Pte Ltd. However, some banks charge a transfer out fee. Please check with your current distributor on their relevant charges.

Frequently Asked Questions


There are ZERO transaction fees (e.g. no sales charge, switching fees) and ZERO ongoing fees (e.g. no platform fees) when you transact Unit Trust online via POEMS. Learn more about zero fees.

We understand that some of our customers value the convenience of investing anytime and anywhere online through POEMS. However, we also understand that some customers prefer having face-to-face meetings with an advisor to provide them with financial advisory services and/or monitor their portfolios. Hence apart from POEMS online, we also have our offline services to provide these financial advisory services to those who need it. A fee may be levied as these advisors are able to provide professional advice that is tailored for your individual investment needs.

Below retirement age, a CPF investment cannot be converted into a cash investment. It can only be converted when an investor reaches retirement age and has met the CPF minimum required sum set aside.

You may transfer in your holdings by following the instructions here. Enjoy ZERO transaction fees (e.g. no sales charge, switching fees) and ZERO ongoing fees (e.g. no platform fees) when you transact Unit Trust online via POEMS. You will also be rewarded when you transfer your holdings to us!

For more information regarding transfer in, please refer to our Transfer In page.

PhillipCapital’s Excess Funds Management Facility, also known as SMART Park, allows you to park your idle money for returns while you wait for investment opportunities. SMART Park invests on a discretionary basis into the Phillip Money Market Fund.
Link to Opt-In on POEMS

To opt-in on POEMS:

1. If you would like to opt-in online using another device, kindly follow these steps: Login > Acct Mgmt > Stocks > Online Forms > Account Application > Excess Fund Authorisation.

2. You may also opt-in to SMART Park via MyWealth App. Simply log in to your account > Select Smart Series > SMART Park > Select the desired account and click on the “Opt-in” button.

Alternatively, you may contact your Financial Advisor or our call centre at 6531 1555 for assistance.

The cut-off time is 3pm on any standard dealing day. If your order is submitted after 3pm or submitted on a non-dealing day, the order will be processed on the next dealing day. Examples of non-dealing days include weekends and public holidays of the fund’s country of origin.

Net Asset Value is the market value of the fund’s total assets, plus income, less expenses.

Since the NAV of a fund needs to be calculated, it will be announced by the fund houses after 2 dealing days. Hence the NAV displayed is always back dated. The NAV at which you have transacted will be made known to you within 2 dealing days.

An individual who is:

  • Above 18 years of age; and
  • Non-U.S. Citizens and non-U.S. Residents

Is eligible to invest in unit trusts.

For cash holdings, settlement will be up to T + 7 business days.

For CPF/SRS (IA Status) holdings, settlement will be T + 5 business days.

“Acc” and “Dis” are abbreviations of the words “Accumulation” and “Distribution”, which denote classes of the fund.

Accumulation funds do not distribute dividends. Instead, all income and interest attributable to this Class will be accumulated and reflected in the price (NAV) of the units of the Class.

Distribution funds distribute dividends either by cash payout or by reinvesting back into the fund. Transactions where distributions are in the form of cash, they will be re-invested to the same fund by default. The dividends will be reinvested in the form of additional units in your relevant holdings.

If you prefer to have your dividends paid out in cash, you may choose the dividend payout option in POEMS 2.0 or POEMS Mobile 3 App when you subscribe to the fund online. If you do not wish to transact through POEMS 2.0 or wish to change your existing dividend options, please fill in this form.

Some funds distribute dividends while some funds do not. Funds that distribute dividends either do so in cash value or units. Dividends issued in cash value can be paid out and credited to your account.* If you do not opt for a payout option, the dividends will be re-invested by default.

Dividends that are issued in units will not be received in cash. In this situation, if you require a cash payout, you may sell some or all of these units depending on your requirements.

The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed.

* If you opt for the dividend payout option, dividends will be credited according to the fund source of the investment. For example, paid out dividends for investments under the CPFIS will be credited back to your CPF account.

Regular Saving Plans

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you


This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  


Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com