Fund Mall Introduction
Fund Mall is a Unit Trust/Mutual Funds trading platform provided by Tiger Brokers. In just one click to open a Fund Mall account, you can easily get access to over 1000 funds that we offer. Fund Mall has the following advantages:
- Largest Variety: Tiger Brokers offers over 1000 public funds, covering money market funds, bond funds (investment grade bonds, emerging market bonds, high yield bonds, etc.) and equity funds (U.S. and Asian large-cap stocks, small- and mid-cap stocks, technology stocks, emerging markets, etc.).
- Zero Fees: There is absolutely no fees (platform fees or sales charge) when purchasing funds via Fund Mall.
- Low min. Entry: Low initial investment requirement from $100.
How to Buy?
How?
After you open your Tiger account, go to Tiger Trade APP > Quotes > Funds > Select any fund > Click Subscribe/RSP > input the desired amount > Submit Subscription.
Currency
You can purchase funds in its respective currencies – primarily SGD, USD, or HKD. If you have cash in other currencies in your Tiger account, you may perform the currency exchange to purchase the funds in its respective currencies, to not incur currency financing. It takes up to 2 trading days for the currency exchange to settle. Thereafter, you may buy your selected fund on T+2 after the currency exchange is completed.
(Note: T refers to the Singapore business day. If the order is made on a non-business day, the processing time will be delayed accordingly. All days are quoted in business days)
Fund Buying Rules
If the fund buy order is made at 11am or before (Singapore time) on day T, the order will be accepted on day T. The confirmation of day T’s net buying value and shares will be made on T+1/2, and the order will be completed by T+4.
If the fund buy order is made after 11am (Singapore time) on day T, the order will be accepted on day T+1. The confirmation of day T+1’s net buying value and shares will be made on T+2/3, and the order will be completed by T+5.
(Note: The confirmation and order completion time may be different for a few funds)
(Note: T refers to the Singapore business day. If the order is made on a non-business day, the processing time will be delayed accordingly. All days are quoted in business days)
Minimum Buying Amount
The minimum investment amount is $100.
Regular Savings Plan (RSP)
RSP refers to Tiger's "Regular Savings Plan" where clients may automatically buy funds over a set period. For example, a client may set his/her RSP to automatically invest USD 500 in a particular fund once per week.
Go to Tiger Trade APP > Quotes > Funds > select any fund > Click RSP > Input the desired amount > Submit Subscription.
How to Sell
How?
Go to Tiger Trade APP > Portfolio > Funds > Click on the fund you want to sell in your holdings> Select Redeem > Submit the sell order
Fund Selling Rules
A fund selling must be made after the status of the first fund buy order is "Buy Completed" – usually on T+4 or T+5 after the purchase is first made.
If the fund sell order is made at 11am or before (Singapore time) on day T, the order will be accepted on day T. The confirmation of day T’s net selling value and shares will be made on T+1/2, and the order will be completed between T+4 to T+10, upon which time the redemption proceeds will automatically reach your Tiger Prime account.
If the fund sell order is made after 11am (Singapore time) on day T, the order will be accepted on day T+1. The confirmation of day T+1’s net selling value and shares will be made on T+2/3, and the order will be completed between T+5 to T+11, upon which the redemption proceeds will automatically reach your Tiger Prime account.
(Note: The confirmation and order completion time may be different for a few funds.)
(Note: T refers to the Singapore business day. If the order is made on a non-business day, the processing time will be delayed accordingly. All days are quoted in business days)
Minimum Holding
If a fund is partially sold and there is still a position in the fund, there is a minimum holding requirement for the fund. Usually, the minimum holding requirement is the same as the minimum buying amount.
Minimum Selling Requirement
There is a minimum selling amount or minimum selling share requirement at the time of selling; the minimum selling requirement varies from fund to fund.
Partial Selling: There is a minimum holding requirement for the partial selling of a fund.
Full Selling: You will need to meet the minimum selling share requirement in order to do a full sell.
(Note: T refers to the Singapore business day. If the order is made on a non-business day, the processing time will be delayed accordingly. All days are quoted in business days)
Notes:
(1) Unsettled funds (for both buy or sell) needs to be settled before any further action can be made.