Monthly Investment Plan for Funds - Investment

Contribution

Price of Fund A

Fund Units Bought
(Contribution/Fund Price)

1^st month

$1,000

$10

100

2^nd month

$1,000

$10.5

3^rd month

$1,000

125

4^th month

$1,000

$7.50

133

5^th month

$1,000

$11

6^th month

$1,000

$9.5

105

Total Contribution

$6,000

Total Fund Units Bought

649

Average Price = $6,000 / 649 = $9.24

Fund Type

Subscription Fee Offer

Index Funds⁹

Bond Funds¹⁰

Other Fund Types

Other Important Risk Warnings:

Funds investing in emerging markets involve special considerations and higher risks. Not all emerging markets are regulated, the regulatory and legal framework may be less developed and there may be economic, social and political instability, etc. Such markets may be more volatile than the developed markets. Compared with other types of funds, the investment of emerging market funds is less diversified and thus such type of fund may be more volatile. Currency fluctuation may also adversely affect the value of the fund’s investment. Investors should also note the risks of concentration of investment in a single country/market.
Investors should note the risks for funds which are index funds, including but not limited to tracking error risk, concentration risk and risks associated with passive investments, etc. There can be no assurance that the performance of an index fund will be identical to the performance of the relevant index.
Investors should note the risks for funds which are bond funds, including but not limited to the credit/default risks of the issuers of the bonds in which the bond funds invest, interest rate risk and liquidity risk, etc.
Investors should avoid excessive investment (in terms of its proportion in the overall investment portfolio) in any single type of investment, including any proposed investment in the relevant fund, so as to avoid the investment portfolio being over-exposed to any particular investment risk.

Important Note about credit card:

To borrow or not to borrow? Borrow only if you can repay!

Step 1	Estimate your budget amount that is required to achieve your investment goal.
Step 2	Determine the monthly contribution based on your budget and target investment period.
Step 3	Choose your fund from Fund SuperMart.

Minimum Investment Amount	HKD500 for each fund per month
Funds Selection⁴	Various investment funds¹ provided by Hang Seng Investment Management Limited and other leading fund houses including different asset classes, markets and risk levels^#
Account Opening Method	Open an Investment Fund account through Hang Seng Personal e-Banking
Payment Method⁵	1. Hang Seng Bank or HSBC Hong Kong Dollar account² 2. Hang Seng Credit Cards³
Payment Date	The 15th calendar day of each month (Where no clearing service is provided by the Bank in respect of the monthly contribution on such day, it will be the next day on which clearing service for such payment is available)
Subscription Date	The third Business Day following the Payment Date
Monthly Investment Amount or Investment Portfolio Adjustment	Instruction received on or before the last Business Day of the relevant month will be effective on the Payment Date for the next month
Redemption⁶	Redemption proceeds will be credited to customer's account within around 10 working days after the day units in the relevant fund are redeemed. The actual processing time will depend on individual fund's operation situation; generally it will not exceed one calendar month.
Termination of the Monthly Investment Plan for Funds	Instruction received on or before the last Business Day of the relevant month will be effective on the Payment Date for the next month.

1)	Hang Seng Bank or HSBC Hong Kong Dollar account²;
2)	Many types of Hang Seng Credit Cards³

Fund List	Analytical Tools	Open An Account
Set Up MIPF	Latest Offers

1)	Only Class A units of the funds offered on Fund SuperMart for Monthly Investment Plan for Funds are available for subscription. Please refer to the risk factors and other details stated in the offering documents and marketing materials of the relevant funds.
2)	If a customer wishes to choose an HSBC HKD account as the payment account, the customer has to set up a Monthly Investment Plan for Funds in person via a Hang Seng Bank Branch.
3)	Except Hang Seng Corporate Cards, Hang Seng Commercial Cards, JAL Hang Seng Cards, Hang Seng Renminbi Credit Cards, USD Visa Gold Cards, Hang Seng Spending Cards, e-shopping MasterCard and Private Label Cards, all Hang Seng Credit Cards are eligible for payment of the monthly investment amount. This payment method is only available to customers who invest in subscription fee class (class A units) under a Monthly Investment Plan for Funds.
4)	The Bank reserves the right to vary the funds available for investment through a Monthly Investment Plan for Funds at any time without any notice.
5)	(a) The Bank will convert the investment amount into the base currency of the fund to be subscribed at such exchange rate or rates as it may determine to be prevailing in the relevant foreign exchange market at the relevant time on the date of fund subscription. (b) The Bank reserves the right to vary the Hang Seng Credit Cards eligible for payment under the Monthly Investment Plan for Funds at any time without further notice. (c) Name(s) of holder(s) of bank account / Hang Seng Credit Card to be debited must be the same as that of the relevant investment fund account; however, if the relevant investment fund account is in joint name, bank account and Hang Seng Credit Card in the sole name of one of the joint account holders can be used for debit purpose. (d) If the Hang Seng Credit Card used is a supplementary card, the Cash Dollars earned from payment of the monthly investment amount will be credited to the principal card. (e) Cash Dollars are not transferable and cannot be redeemed for cash. The use of Cash Dollars is subject to the terms and conditions for the Hang Seng Credit Card Membership Rewards Programme. (f) If the Hang Seng Credit Card used for debit is cancelled or terminated, the customer is required to change the payment method. (g) If (for whatever reason) the Bank cannot debit the designated Hang Seng Credit Card/bank account for the required monthly investment amount for two consecutive months, then the relevant Monthly Investment Plan for Funds will be terminated automatically. (h) For the Bank’s staff, any payment of the monthly investment amount by a Hang Seng Credit Card is not entitled to any Cash Dollars.
6)	The redemption proceeds for the fund will be credited to: (a) (for Integrated Account customers) the sub-account under Integrated Account with the Bank which is of a currency that is the same as the base currency of the fund, or (b) (for non-Integrated Account customers) any Hong Kong Dollar Account maintained with the Bank after the Bank has converted the redemption proceeds into Hong Kong dollars at such exchange rate or rates as it may determine to be prevailing in the relevant foreign exchange market at the relevant time.
7)	The annual management fee of the relevant fund ranges from 0.5% to 1.75%. Please refer to the relevant fund's offering document for details on other fees and charges for each individual fund.
8)	Customers can enjoy the subscription fee offer depending on the fund type as stated above (the “Offer”). Please contact the Bank’s staff for details about the Offer. Please note that: a) The Offer cannot be used in conjunction with other fund subscription fee offers of the Bank. The Offer is not applicable to the Bank’s staff. b) The Bank reserves the right to suspend, vary or discontinue the Offer, and amend its terms and conditions at any time without prior notice. The decision of the Bank on all matters relating to the Offer shall be final and binding on all parties concerned.
9)	Index Funds refer to funds categorized as “Index Fund” by fund type. For details please refer to the Monthly Investment Plan Fund List.
10)	Bond Funds refer to funds categorized as “Fixed Income” by fund type. For details please refer to the Monthly Investment Plan Fund List.
11)	The minimum amount of accumulated units for switching is equivalent to HKD20,000.
12)	The switching handling fee is charged by the Bank in respect of switching of funds under the same/different fund series. Customers are not required to separately pay the switching fee (if any) charged by the relevant fund.


Lower Minimum Investment Amount Invest in your chosen investment fund¹ with monthly investment amount as low as HKD500. You can settle your payment using your (1) Hang Seng Bank or HSBC HKD account², or (2) Hang Seng Credit Cards³.	Flexible to Your Needs No minimum investment holding period and termination charge. You may adjust your investment plan according to your needs.	Reduce Impact of Market Volatility Dollar Cost Averaging helps smooth out the effect of short-term market fluctuations on your investment. Learn more with our Analytical Tool.