The amount displayed in your portfolio dashboard is an indicative value for the total amount invested.
When you submit a ‘full withdrawal’ request there are several factors which might change the final amount of your SRS portfolio.
Daily Market Fluctuations: Under ordinary circumstances, we expect to sell your investments within the shortest time to fulfil your withdrawal request.
- SRS Cash+ Flexi - 2 business days
- SRS Income+ Preserve and SRS Income+ Enhance - 4 business days
- SRS Global Equity100 - 5 business days
During this period, the prices of the assets in the portfolio may go up or down which affects the portfolio value. The final selling prices of the assets will depend on the prevailing market prices at the point of sale, not at the point of withdrawal request submission. Thus, the final amount of your portfolio may be different from what you saw in the portfolio dashboard at the time of placing the withdrawal request.
Dividends: The constituent funds in Income+ portfolio(s) distribute dividends at the end of the calendar month. Occasionally, due to non working days in the funds processing from fund house to Syfe, there might be a possibility that Syfe has not been notified of the dividends disbursement. ie. we have not received them from our broker. In these extenuating circumstances, we will credit the dividends due to you at a later date, once the dividends processing have settled.
Managed Portfolios Management Fees: For managing your portfolio, Syfe charges a flat fee ranging between 0.25% to 0.65% per year based on the higher of assets under management or invested amount. The fee is calculated on a per-day basis and deducted at the end of every month. At the time of full withdrawal, we will calculate and deduct any outstanding fees (incl. GST) from your final withdrawal amount.
Cash+ Flexi Management Fees: Syfe charges a management fee of 0.05-0.15% per annum on Cash+ Flexi based on the higher of assets under management or invested amount. At the time of full withdrawal, we will calculate and deduct any outstanding fees (incl. GST) from your final withdrawal amount.
Trailer Fee Rebates: Where applicable, trailer fees received on Cash+ Flexi and Income+ portfolios will be credited to your Syfe portfolio when they are received by Syfe.