From the creation of an SRS portfolio to investing SRS funds, this is what you can expect
Created an SRS Portfolio : Once you’ve created an SRS portfolio until the instructions for debiting funds from your SRS bank account is provided, the status will show as "Waiting for funds."
Provided SRS investment instructions : Once you have provided investment instructions, you will see the below status for your portfolio
Debiting SRS funds : We will typically process your debit instructions in the coming business day and the funds will be debited from your SRS bank account in the next 2-3 business days. If your SRS bank account verification fails or there isn't enough balance to process the debit instruction you provided, you will receive notifications via email and push notifications from Syfe. The status will also be updated on your Syfe app and website to the below. This is what you can do next :
Investing SRS funds : Once your SRS funds have been successfully debited, your portfolio value is updated and the investment orders are submitted to the fund house by the next business day. At this point, you will see the funds reflected in your portfolio, as shown.
Investment Settlement : The investment settlement timeline depends on the type of portfolio:
- Cash+ Flexi SRS: 3-4 days business days
- Income+ Preserve and Income+ Enhance: 6-7 business days
- Core Equity100: 7-8 business days
