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IMPORTANT RISK WARNINGS

Investors should note that all investment involves risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read the relevant fund's offering documents (including the full text of the risk factors stated therein (in particular those associated with investments in emerging markets for funds investing in emerging markets)) in detail before making any investment decision.

 

Monthly Investment Plan for Funds

 

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.
How to start investing in Monthly Investment Plan for Funds?
 
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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.

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Benefits
Plan Details

 


Reduce Market Volatility Impact
By adopting the Dollar Cost Averaging strategy, you may choose your preferred fund and contribute a fixed amount of money each month. The number of fund units bought will be automatically adjusted depending on the market change. More units will be bought when the price of the fund declines, and less units will be bought when the price increases.
Example of Monthly Investment Plan for Funds (for reference only)
Mr. Chan invests a fixed amount of $1,000 monthly on Fund A, the performance of Fund A in 6 months is shown below:

 

Contribution

Price of Fund A

Fund Units Bought
(Contribution/Fund Price)

1st month

$1,000

$10

100

2nd month

$1,000

$10.5

95

3rd month

$1,000

$8

125

4th month

$1,000

$7.50

133

5th month

$1,000

$11

91

6th month

$1,000

$9.5

105

Total Contribution

$6,000

Total Fund Units Bought

649

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

Remark: the above information is for reference only and will not reflect actual returns.

 


Lower Investment Costs
Monthly Investment Plan for Funds allows you to start your investment plan with a monthly investment amount as low as HKD500, and subscription fee as low as HKD10*.

*Subscription fee as low as 2%, depending on the fund type

 


Earn Cash Dollar
 
Pay with Hang Seng credit cards3 and earn Cash Dollars at the same time.

 


Diversify Investment Risk
Build your investment portfolio with funds of different asset classes, markets, and risk levels to diversify the investment risk.

 

Monthly Investment Plan for Funds Details

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.

# Please refer to the Fund List in Fund SuperMart for the relevant details.

 

Fee Table7

Fund Subscription Fee Offer8

Please visit Fund SuperMart and refer to the relevant fund’s offering documents.

Fund Subscription Fee Offer is available depending on the fund type.

Fund Type

Subscription Fee Offer

Index Funds9 2%
Bond Funds10 2%
Other Fund Types 3%

 

Switching11 Handling Fee12

1%

Fee for Partial or Full Redemption

Nil

Fee for Monthly Investment Amount or Investment Portfolio Adjustment

Nil

Fee for MIPF Termination

Nil

Frequently Asked Question(FAQs)
 
More Information
 

 

For any enquiries, please dial the Monthly Investment Plan for Funds hotline at 2822-0228 (Select Language then press “5”, “1”, “2”, and “8”).
 

Note:

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.

 

Other Important Risk Warnings:

  1. 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.
  2. 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.
  3. 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.
  4. 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!