MIP Plan Details

MONTHLY INVESTMENT PLAN FOR FUNDS – PLAN DETAILS

You can choose to invest in various investment funds1 provided by Hang Seng Investment Management Limited and other leading fund houses including different asset classes, markets and risk levels to meet your investment needs, please refer to the Fund List for details.

Minimum Monthly Investment Amount

You can start your Monthly Investment Plan for Funds with monthly investment amount as low as HKD500.

Payment Methods

Two payment methods are available for your selection:

1)Hang Seng Bank or HSBC Hong Kong Dollar account*

2)Many types of Hang Seng Credit Cards**. This allows you to settle the monthly contribution with peace of mind whilst earning Hang Seng Credit Card +FUN Dollars^ (“+FUN Dollars”) at the same time. (Payment by Credit Card is only available to customers who invest in subscription fee class (class A units) under a Monthly Investment Plan for Funds.)

*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.

**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.

^Reward Points instead of +FUN Dollars would be applicable for enJoy Visa Platinum Card and enJoy Spending Card.

Funds Switching2

No minimum investment-holding period and redemption charge. With a switching handling fee of 1%3, you can switch all or part of your accumulated investment in units of one fund to another fund managed by the same fund house and available for investment under a Monthly Investment Plan for Funds at any time.

Regular Subscription Fee4

The applicable subscription fee may vary depending on the fund type, monthly investment amount and relevant offer terms and conditions.4

Fund Type

Regular Subscription Fee

Index Funds5

Bond Funds6

Other Fund Types

Service Platform

You can apply to set up or amend your Monthly Investment Plan for Funds anytime, anywhere via Hang Seng Personal eBanking.

Monthly Investment Plan for Funds Details

Minimum Investment Amount

HKD500 for each fund per month

Funds Selection7

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 (under the suffix of 382) through Hang Seng Personal e-Banking

Payment Method8

1. Hang Seng Bank or HSBC Hong Kong Dollar account*

2. Many types of Hang Seng Credit Cards**(this payment method is only available to customers who invest in
subscription fee class (class A units) under a Monthly Investment Plan for Funds)

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

Redemption9

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 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 for the relevant details.

*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 any Hang Seng Bank Branches.

Fee Table10

Fund Subscription Fee

Please refer to the relevant fund’s offering documents and visit www.hangseng.com/fundsupermart for details about the relevant fund’s subscription fee

Switching Handling Fee3

Fee for Partial or Full Redemption

Nil

Fee for Monthly Investment Amount or Investment Portfolio Adjustment

Nil

Fee for Monthly Investment Plan for Funds Termination

Nil

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)The minimum amount of accumulated units for switching is equivalent to HKD20,000.

3)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.

4)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.

5)Index Funds refer to funds categorized as “Index Fund” by fund type. For details please refer to the Monthly Investment Plan Fund List.

6)Bond Funds refer to funds categorized as “Fixed Income” by fund type. For details please refer to the Monthly Investment Plan Fund List.

7)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.

8)(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 +FUN Dollars earned from payment of the monthly investment amount will be credited to the principal card. (e) +FUN Dollars are not transferable and cannot be redeemed for cash. The use of +FUN 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 +FUN Dollars. (i) Reward Points instead of +FUN Dollars would be applicable for enJoy Visa Platinum Card and enJoy Spending Card. Please visit http://www.hangseng.com/enjoycard for Reward Points details.

9)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.

10)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.

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:

For information which is "Powered By" other fund houses, Morningstar Asia Limited and other information providers (the "Information"), it is being re-transmitted by Hang Seng Bank Limited (the "Bank") in the ordinary course of business to you for information and reference purposes only. The Bank, its officers, employees and agents did not devise, select, add to, modify or otherwise exercise control over the Information.

The fund(s) mentioned above has been authorized by the Securities and Futures Commission in Hong Kong (the "SFC"). SFC authorization is not a recommendation or endorsement of a fund nor does it guarantee the commercial merits of a fund or its performance. It does not mean the fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

This webpage has not been reviewed by the SFC.

Disclaimer

This service is solely for personal and non-commercial use and for general information and reference only. Re-distribution of any part in any means is strictly prohibited. Morningstar Asia Limited (the "Information Provider") and Hang Seng Bank Limited (the "Bank") endeavour to ensure the accuracy and reliability of the general financial and market information, news services, market analysis, product information and marketing materials prepared and/or issued by persons other than the Bank (including the Information Provider) (together, "Third Party Information") and the general financial and market information, news services and market analysis, prepared and/or issued by persons other than the Bank (including the Information Provider) and/or the Bank (together "Market Information"), but do not guarantee the accuracy or reliability of the Third Party Information and the Market Information and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omission. Where the information related to investment funds is sourced externally (as disclosed), the Bank has reasonable belief that such information is accurate, complete and up-to-date.

For information which is "Powered By" the Information Provider and other fund houses, it is being re-transmitted by the Bank in the ordinary course of business to you for general information and reference purposes only. The Bank, its officers, employees, and agents did not devise, select, add to, modify or otherwise exercise control over its contents, do not take responsibility for it nor do they endorse the accuracy of such information.

The Bank also disclaims liability for any loss or damages resulting from the use of information contained herein, or the inability to use such information or in connection with any error, interruption, delay in operation or incomplete transmission, line or system failure.

This service should not be regarded as an offer, solicitation, or recommendation to buy or sell investment products in any jurisdiction to any person to whom it is unlawful to make such an invitation, offer, solicitation or recommendation in such jurisdictions.

The relevant pages for investment funds have not been reviewed by the Securities and Futures Commission in Hong Kong ("SFC"). The information contained herein is for general information and reference purposes only and is not intended to provide professional investment or other advice. It is not intended to form the basis of any investment decision. Persons accessing this website should not make any investment decision based solely on the information and services provided herein. Before making any investment decision, persons accessing this website should take into account his/her own circumstances including but not limited to his/her financial situation, investment experience and investment objectives, and should understand the nature, terms and risks of the relevant investment funds. Persons accessing these pages should obtain appropriate professional advice where necessary.

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. In a worst case scenario, the value may be worth substantially less than the invested amount. Investment may involve substantial market, volatility, liquidity, regulatory and political risks. Funds invested in a limited number of markets, sectors or companies will be subject to higher risk and are more sensitive to price movements.

Investors should read carefully and understand the relevant offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.

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Monthly Investment Plan For Funds - Plan Details