Monthly Investment Plan for Funds

Product overview

Hang Seng Monthly Investment Plan is a regular subscription investment. Through this monthly fund investment plan, you can invest your contribution consistently to grow your wealth and capture returns, regardless of the market fluctuation. 

Subscribe in just 3 quick steps

Before beginning your investment journey

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Product risk level
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Risk Profiling Questionnaire

Key features

Minimum monthly investment is as low as HKD500 to start your monthly fund investment journey.

No minimum investment holding periods and termination charges. You can update your investment instructions anytime.

Dollar Cost Averaging strategy helps reduce the impact of short- term price fluctuations.

Earn the rewards by making payment of monthly contribution with Hang Seng credit cards.[1] 

Illustrations and information

How does it work?

Advantages of Dollar Cost Averaging

"Buy low sell high" is always the investment golden rules, but sometimes you may take the wrong step to speculate the right market timing. Hang Seng Monthly Investment Plan for Fund operates based on Dollar Cost Averaging, help you to save time in capturing market opportunities, reduce risks and let you to start on a hassle-free investment journey in the long run.

Examples [2]

How to utilise Dollar Cost Averaging?

When the unit price is high, the same amount buys fewer units. 

When the unit price is low, the same amount buys more units.

After a period of time, the costs of fund units will be averaged out. In the long run, this helps to reduce the impact from short-term market fluctuations on investment.

Purchase funds in a lump sum payment:

Suppose in January, you buy a fund with HKD3000 in one go, the fund price would be rather high at HKD10 per units, so you can only buy 300 fund units.

Purchase via monthly investment plan of HKD500 per month:

After purchasing the funds systematically for 6 months, the average acquisition cost would be averaged out.  In this particular example, the average fund price would work out to HKD5.76 per unit, and you would have 520 fund units.  

Chart: Purchase via monthly investment plan of HKD500 per month
Step 1
Log on to Personal e-Banking and select “Investments” > “Investment Funds” > "Monthly Investment Plan" from left menu. Click “Set up a new plan”.

Fund subscription fee [5]

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 Funds[6] 2%
Bond Funds[7] 2%
Other Fund Types 3%

Switching[8] handling fee[9]

1%

Fee for partial or full redemption

Nil

Fee for monthly investment amount or investment portfolio adjustment

Nil

Fee for MIPF Termination

Nil

Looking for fund investment ideas?

FAQs

Popular questions

For sole name / joint names Integrated Account customers, you can open an Investment Fund account and apply to set up a Monthly Investment Plan for Funds through Hang Seng Personal e-Banking. The set-up instruction will be effective in the next calendar month and the first payment date will be the 15th calendar day of the following month (If there are no clearing services provided by Hang Seng Bank for the monthly contribution on such day, it will be the next day on which clearing service for such payment is available).

No. If you have already set up a monthly investment plan for funds, or have a set-up/amendment instruction pending for a fund, you cannot set up another plan for Funds the same fund under the same Investment Fund account.

  • Hang Seng Bank or HSBC Hong Kong Dollar account[12]
  • Hang Seng Credit Cards[1]

The 3rd business day after the payment date.

Payment[11]

The 15th calendar day of each month
(If there are no clearing services provided by the Bank for the monthly contribution on such day, it will be the next day on which clearing service for such payment is available)

Subscription and 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.

Redemption[13]

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

Instruction received on or before the last business day of the relevant month will be effective on the payment date for the next month.

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Need more help?

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Personal customer:

(852) 2822 0228

Commercial customer:

(852) 2198 8000

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Footnote

Other point(s) to note

  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.

Remark(s)

  1. 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.
  2. The above information used is for illustrative purposes only and are not indicative of any fund performance and the actual returns likely to be achieved by the investor. And the above example, (i) is calculated based on the fund unit price at the end of the month (ii) The investment amount is the net investment amount after deducting relevant fees (iii) Cumulative return excluding dividend from fund (iv) Excluding foreign exchange fluctuations. 
  3. 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.
  4. Please refer to the relevant fund's offering document for details on other fees and charges for each individual fund.
  5. 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.
  6. Index Funds refer to funds categorized as “Index Fund” by fund type. For details please refer to the Monthly Investment Plan Fund List.
  7. Bond Funds refer to funds categorized as “Fixed Income” by fund type. For details please refer to the Monthly Investment Plan Fund List.
  8. The minimum amount of accumulated units for switching is equivalent to HKD20,000.
  9. 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.
  10. The amount of dividends may not be guaranteed by Fund House.
  11. (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. (i) Reward Points instead of Cash Dollars would be applicable for enJoy Visa Platinum Card and enJoy Spending Card. Please visit http://www.hangseng.com/enjoycard for Reward Points details.
  12. 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.
  13. 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.
  14. 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.

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