Are you interested in investing and searching for OCBC RoboInvest Review Singapore to know where to start? Look no further than OCBC RoboInvest, a fully computerised platform that makes investing hassle-free for beginners with little capital.
In this OCBC RoboInvest review, we’ll take a closer look at the platform’s features, fees, and performance to help you decide if it’s the right investment tool for you.
What is OCBC RoboInvest? It’s a robo advisor platform launched by Singapore bank OCBC. With over 30 portfolios to choose from, OCBC RoboInvest offers variegated geographical diversification and risk appetites, all with the complete security of a bank. The platform uses algorithms to select and manage your investments, taking the guesswork out of investing. Plus, you can track your accounts 24/7 to watch your investment grow.
Key Takeaways
- OCBC RoboInvest is a fully computerised platform that makes investing hassle-free for beginners with little capital.
- With over 30 portfolios to choose from, OCBC RoboInvest offers variegated geographical diversification and risk appetites, all with the complete security of a bank.
- The platform uses algorithms to select and manage your investments, taking the guesswork out of investing.
OCBC RoboInvest Review Singapore: What Is OCBC RoboInvest?
If you are looking for a hassle-free, fully computerised platform to start investing, OCBC RoboInvest might be the perfect option for you. This algorithm-based robo advisor utilises state-of-the-art technologies to provide a simple, user-friendly, and convenient investment experience to investors like you.
RoboInvest Fundamentals
RoboInvest is a robo-advisory platform that uses algorithms to create and manage investment portfolios. It is designed to be fully automated, which means that you don’t need to have any prior investment knowledge or experience to use it. The platform uses a set of pre-defined investment strategies to create customised portfolios for its clients.
With RoboInvest, you can start investing with as little as SGD 3,500. The platform offers a range of investment options, including equities, bonds, and exchange-traded funds (ETFs). The investment portfolios are diversified across different asset classes and geographies to help reduce risk.
OCBC and Robo Advisory
OCBC Bank launched the OCBC RoboInvest service in 2018. The platform is powered by WeInvest, a Singapore-based fintech company. The service brings you the best elements of a high-end investing service without the lock-in of a high investment amount and excessive management fees typically associated with this service.
OCBC RoboInvest provides access to local and global products, and automated portfolio management services. You can access the platform online or through the OCBC Mobile Banking app, making it easy to manage your investments on the go.
In summary, OCBC RoboInvest is a user-friendly and convenient investment platform that uses algorithms to create and manage investment portfolios. With a low investment amount and diversified investment options, it is an excellent option for beginners and experienced investors alike.
OCBC RoboInvest Review Singapore: Getting Started
If you’re excited to start investing with OCBC RoboInvest, you’ll be pleased to know that the account setup process is straightforward. Here’s what you need to know to get started:
Account Setup
To start investing with OCBC RoboInvest, you’ll need an OCBC deposit account and an online banking account. If you don’t have an OCBC deposit account, you can easily open one online or at any OCBC branch. Once you have an OCBC deposit account, you can apply for OCBC RoboInvest via the OCBC mobile app or internet banking platform.
During the account setup process, you’ll be asked to complete a risk assessment questionnaire, which will help determine your risk appetite and investment goals. Based on your risk profile, you’ll be recommended a portfolio that suits your investment objectives.
Minimum Investment Requirements
The minimum investment amount required to start investing with OCBC RoboInvest is SGD 3,500. This amount can be accumulated across multiple portfolios, and you can add more funds to your investment portfolio at any time.
It’s important to note that the minimum investment amount is not a one-time fee. Rather, it’s the minimum amount required to maintain your investment portfolio. If your investment portfolio drops below the minimum investment amount, you’ll be required to top up your investment portfolio to maintain your investment.
In conclusion, getting started with OCBC RoboInvest is easy and straightforward. You’ll need an OCBC deposit account and an online banking account, and you’ll need to complete a risk assessment questionnaire during the account setup process. The minimum investment amount required to start investing with OCBC RoboInvest is SGD 3,500, and you can add more funds to your investment portfolio at any time.
OCBC RoboInvest Review Singapore: Portfolio Options
If you’re looking for a robo-advisor platform with a wide range of portfolio options, OCBC RoboInvest is definitely worth considering. Here are the different types of portfolios you can choose from:
Thematic Portfolios
OCBC RoboInvest has 37 thematic portfolios of equities and ETFs across 7 markets: Singapore, Australia, Britain, the United States, Europe, China and Hong Kong. The good thing about OCBC RoboInvest’s portfolios is that they offer geography-specific portfolios. This means you can invest in a portfolio that is focused on a particular region or country. For example, if you’re bullish on the US market, you can invest in a US-specific portfolio.
OCBC RoboInvest Review Singapore: Balanced Portfolios
If you’re looking for a more balanced approach to investing, OCBC RoboInvest also offers a range of balanced portfolios. These portfolios are designed to provide a mix of equities and fixed income securities, which can help to reduce your overall risk exposure.
Customisation Options
One of the great things about OCBC RoboInvest is that you can customise your investment portfolio to suit your risk appetite and investment goals. You can choose from a range of asset classes, including equities, fixed income securities, and commodities. You can also adjust the risk level of your portfolio to suit your investment objectives.
Overall, OCBC RoboInvest offers a good range of investment portfolios to choose from. Whether you’re looking to invest in a specific region or country, or you’re looking for a more balanced approach to investing, there’s likely to be a portfolio that meets your needs.
OCBC RoboInvest Review Singapore: Investment Strategies and Asset Allocation
When it comes to investment strategies, OCBC RoboInvest offers a variety of options to help you achieve your financial goals. In this section, we will discuss two of their most popular strategies: the All Weather Strategy and the Diversified Portfolio.
All Weather Strategy
The All Weather Strategy is designed to provide investors with a well-diversified portfolio that can perform well in any market condition. This strategy is based on the investment philosophy of Ray Dalio, the founder of Bridgewater Associates, one of the world’s largest hedge funds.
The All Weather Strategy is designed to be a low-risk investment option that is appropriate for investors who are looking for stable returns over the long term. The strategy is based on a mix of asset classes that includes ETFs and equities, bonds, REITs, and commodities. The portfolio is designed to be balanced and diversified, with a mix of assets that can perform well in different market conditions.
Diversified Portfolio
The Diversified Portfolio is another popular investment strategy offered by OCBC RoboInvest. This strategy is designed to provide investors with a well-diversified portfolio that can help them achieve their financial goals while minimizing risk.
The Diversified Portfolio is designed to be a low-risk investment option that is appropriate for investors who are looking for stable returns over the long term. The portfolio is designed to be balanced and diversified, with a mix of assets that can perform well in different market conditions. The portfolio includes a mix of asset classes that includes ETFs and equities, bonds, REITs, and fixed income.
Overall, OCBC RoboInvest offers a range of investment strategies that can help you achieve your financial goals. Whether you are looking for a low-risk investment option or a more aggressive investment strategy, there is an option for you. With a well-diversified portfolio that includes a mix of asset classes, you can be confident that your investments are well-protected and positioned for long-term success.
OCBC RoboInvest Review Singapore: Understanding Fees and Charges
When it comes to investing, one of the most important things to consider is the fees and charges you will incur. This section will help you understand the fees and charges associated with OCBC RoboInvest.
Management Fees
OCBC RoboInvest charges a management fee of 0.88% per annum on the total value of your investments. This fee is calculated and charged every month based on the number of calendar days in every month. This fee is considered to be competitive compared to other robo-advisors in Singapore.
Transaction Costs
In addition to the management fee, you will also incur transaction costs when you invest with OCBC RoboInvest. These transaction costs include exchange fees, currency conversion fees, stamp duty, and commission fees.
Exchange fees and currency conversion fees vary depending on the markets and trading channels used to execute the orders. Stamp duty is a tax levied on all share purchases made on the Singapore Stock Exchange. The rate of stamp duty is 0.2% of the purchase price of the shares. Commission fees are charged when you buy or sell shares.
It is important to note that the transaction costs associated with investing with OCBC RoboInvest are relatively low compared to traditional investment options.
In summary, OCBC RoboInvest charges a competitive management fee of 0.88% per annum on the total value of your investments. In addition, you will incur transaction costs such as exchange fees, currency conversion fees, stamp duty, and commission fees. These transaction costs are relatively low compared to traditional investment options.
OCBC RoboInvest Review Singapore: Performance and Rebalancing
If you’re looking for a robo-advisor platform that can offer you hassle-free investing, then OCBC RoboInvest is definitely worth considering. One of the key benefits of this platform is its automated rebalancing feature, which helps to keep your portfolio on track and manage any volatility in the market.
Historical Performance
OCBC RoboInvest has a solid track record of performance, with returns ranging from 1.8% to 8.3% depending on the portfolio you choose. The platform’s algorithm is designed to optimise your investment returns by selecting a diversified mix of assets based on your risk appetite and investment goals.
Automated Rebalancing
One of the key features of OCBC RoboInvest is its automated rebalancing feature. This means that the platform will automatically rebalance your portfolio based on changes in market conditions, ensuring that your investments stay on track.
The rebalancing process is triggered when your portfolio deviates from its target allocation by a certain percentage. This ensures that your investments are always aligned with your investment goals, and that you’re not taking on more risk than you’re comfortable with.
Management Fees
OCBC RoboInvest charges a management fee of 0.88% per annum, which is relatively competitive compared to other robo-advisor platforms in Singapore. This fee covers all the costs associated with managing your portfolio, including rebalancing, transaction fees, and account maintenance.
Overall, if you’re looking for a robo-advisor platform that can offer you a hassle-free investing experience, then OCBC RoboInvest is definitely worth considering. With its solid track record of performance, automated rebalancing feature, and competitive management fees, it’s a great choice for both beginner and experienced investors alike.
OCBC RoboInvest Review Singapore: Risk Management
As with any investment, there is always a certain level of risk involved. However, with OCBC RoboInvest, you can rest assured that your investments are being managed in a way that minimizes risk while maximizing returns.
Risk Profile Assessment
Before you begin investing with OCBC RoboInvest, you will be required to complete a risk profile assessment. This assessment will help determine your risk appetite and tolerance, which will then be used to create a portfolio that is tailored to your individual needs.
OCBC RoboInvest offers a range of portfolios with varying levels of risk and volatility. This means that whether you are a conservative or aggressive investor, there is a portfolio that will suit your needs.
Investment Adjustments
OCBC RoboInvest also takes a proactive approach to risk management. If there are any significant changes in the market or your investment value, the platform will automatically adjust your portfolio to ensure that it remains within your risk tolerance.
For example, if there is a sudden increase in volatility, OCBC RoboInvest may adjust your portfolio by reducing your exposure to high-risk assets and increasing your exposure to low-risk assets. This helps to minimize your risk while still allowing you to benefit from potential market gains.
Overall, OCBC RoboInvest provides a comprehensive approach to risk management. By assessing your risk profile and proactively adjusting your portfolio, you can feel confident that your investments are being managed in a way that aligns with your individual needs and goals.
OCBC RoboInvest Review Singapore: User Experience
If you’re looking for a robo-advisor platform that is user-friendly and accessible, OCBC RoboInvest is definitely worth considering. Here’s a closer look at the user experience of this platform.
Mobile and Online Accessibility
One of the standout features of OCBC RoboInvest is its mobile accessibility. The platform has a mobile app that is available for both iOS and Android devices. This makes it easy to manage your investments on-the-go, whether you’re commuting to work or relaxing at home.
In addition to its mobile app, OCBC RoboInvest also has a user-friendly online platform. The platform is easy to navigate, and you can access all of your account information with just a few clicks. Whether you prefer to manage your investments on your mobile device or your computer, OCBC RoboInvest has you covered.
Customer Support
If you have any questions or concerns about your investments, you can rely on OCBC RoboInvest’s customer support team. The platform offers customer support via phone, email, and live chat. This means that you can get help whenever you need it, whether you’re at home or on-the-go.
One thing to note is that customer support is only available during certain hours. If you need help outside of these hours, you may need to wait until customer support is available again. However, overall, the customer support experience is positive and helpful.
Overall, if you’re looking for a robo-advisor platform that is user-friendly, accessible, and has good customer support, OCBC RoboInvest is definitely worth considering. With its mobile app and online platform, you can manage your investments from anywhere, and its customer support team is always available to help you out.
OCBC RoboInvest Review Singapore: Comparing OCBC RoboInvest with Competitors
If you’re considering investing your money using a robo-advisor platform, then you’re probably wondering how OCBC RoboInvest stacks up against its competitors. In this section, we’ll take a closer look at how OCBC RoboInvest compares with two other popular robo-advisor platforms: StashAway and DBS DigiPortfolio.
StashAway and DBS DigiPortfolio
StashAway, like OCBC RoboInvest, is a robo-advisor platform that allows you to invest your money in a range of portfolios. However, there are a few key differences between the two platforms. Firstly, StashAway has been around for longer than OCBC RoboInvest and has a zero minimum investment criteria. On the other hand, OCBC RoboInvest requires an initial minimum investment amount of US$100. Secondly, StashAway offers a user-friendly investing app, while OCBC RoboInvest’s app is not as user-friendly.
DBS DigiPortfolio is another robo-advisor platform that you might want to consider. Like OCBC RoboInvest, DBS DigiPortfolio is backed by a bank. However, there are some differences between the two platforms. Firstly, DBS DigiPortfolio offers a wider range of portfolios than OCBC RoboInvest. Secondly, DBS DigiPortfolio’s app is more user-friendly than OCBC RoboInvest’s app. Finally, DBS DigiPortfolio has a zero minimum investment criteria, while OCBC RoboInvest requires an initial minimum investment amount of US$100.
WeInvest and Citi
WeInvest is another robo-advisor platform that you might want to consider. Like OCBC RoboInvest, WeInvest allows you to invest your money in a range of portfolios. However, there are some differences between the two platforms. Firstly, WeInvest offers a wider range of portfolios than OCBC RoboInvest. Secondly, WeInvest’s app is more user-friendly than OCBC RoboInvest’s app. Finally, WeInvest has a zero minimum investment criteria, while OCBC RoboInvest requires an initial minimum investment amount of US$100.
Citi is another bank-backed robo-advisor platform that you might want to consider. Like OCBC RoboInvest, Citi allows you to invest your money in a range of portfolios. However, there are some differences between the two platforms. Firstly, Citi offers a wider range of portfolios than OCBC RoboInvest. Secondly, Citi’s app is more user-friendly than OCBC RoboInvest’s app. Finally, Citi has a zero minimum investment criteria, while OCBC RoboInvest requires an initial minimum investment amount of US$100.
Overall, while there are some differences between OCBC RoboInvest and its competitors, it’s clear that OCBC RoboInvest is a strong contender in the robo-advisor space. With a range of portfolios to choose from and the backing of a reputable bank, OCBC RoboInvest is a great option for anyone looking to invest their money using a robo-advisor platform in Singapore.
OCBC RoboInvest Review Singapore: Investing for the Future
Investing for the future is a smart move that can help you achieve your financial goals. With OCBC RoboInvest, you can easily build an investment portfolio that is tailored to your needs and preferences. Whether you are saving for retirement or working towards a long-term goal, OCBC RoboInvest can help you achieve your goals.
Retirement and Long-Term Goals
Retirement planning is an essential part of financial planning. With OCBC RoboInvest, you can easily set up an investment portfolio that is designed to help you achieve your retirement goals. You can choose from a range of portfolios that are specifically designed for retirement planning. These portfolios are designed to provide you with the growth and income you need to achieve your retirement goals.
In addition to retirement planning, OCBC RoboInvest can also help you achieve your long-term goals. Whether you are saving for a down payment on a house or planning to start your own business, OCBC RoboInvest can help you achieve your goals. You can choose from a range of portfolios that are designed to help you achieve your long-term goals.
Market Expansion
OCBC RoboInvest is constantly expanding its market reach to provide you with more investment opportunities. With the China and Asia portfolio, you can invest in some of the fastest-growing markets in the world. These markets offer excellent growth potential and can help you achieve your financial goals.
In addition to the China and Asia portfolio, OCBC RoboInvest also offers a global portfolio that allows you to invest in some of the world’s largest and most established markets. This portfolio is designed to provide you with a diversified investment portfolio that can help you achieve your financial goals.
If you are interested in investing in the Hong Kong market, OCBC RoboInvest also offers a Hong Kong market portfolio. This portfolio is designed to provide you with exposure to the Hong Kong market and can help you achieve your financial goals.
Investing for the future is an exciting journey that can help you achieve your financial goals. With OCBC RoboInvest, you can easily build an investment portfolio that is tailored to your needs and preferences. Whether you are saving for retirement or working towards a long-term goal, OCBC RoboInvest can help you achieve your goals.
OCBC RoboInvest Review Singapore: Conclusion
Congratulations, you have reached the end of our review of OCBC RoboInvest in Singapore! We hope that this review has provided you with valuable insights into the platform and helped you make an informed decision about your investment options.
With OCBC RoboInvest, you have access to a diverse range of portfolios that cater to different risk appetites and investment goals. The platform is user-friendly and hassle-free, making it an excellent choice for beginners who want to start investing.
As a Singaporean investor, you can take advantage of the platform’s security and reliability as it is backed by one of Singapore’s leading banks. The platform is constantly evolving to meet the needs of its users, so you can be assured that you are investing in a platform that is committed to providing you with the best possible investment experience.
Overall, we are excited about the future of OCBC RoboInvest in Singapore’s investment landscape. The platform is a great option for investors looking for an easy and convenient way to invest their money. With its diverse range of portfolios, user-friendly interface, and reliable security, OCBC RoboInvest is definitely worth considering for your investment needs.
Frequently Asked Questions
What are the management fees for using OCBC’s RoboInvest platform?
OCBC RoboInvest charges an annual management fee of 0.88% of your invested amount. This fee is inclusive of all underlying fund fees and is relatively lower compared to traditional investment options. There are no other hidden fees or charges when using the platform.
How does the OCBC RoboInvest platform function for investors?
OCBC RoboInvest is a fully automated investment platform that uses algorithms to create and manage your investment portfolio. The platform uses your investment goals, risk appetite and investment horizon to create a diversified portfolio of ETFs and mutual funds. The platform also rebalances your portfolio periodically to ensure that your investments remain in line with your goals.
Is it truly beneficial to engage in robo investing, and what are the potential returns?
Robo investing is a great way to invest your money in a low-cost and hassle-free manner, especially if you are new to investing. While there are no guarantees when it comes to returns, robo advisors like OCBC RoboInvest offer a range of diversified portfolios that can help you achieve your investment goals over the long term.
What kind of returns can one typically expect from a robo advisor in Singapore?
The returns that one can expect from a robo advisor in Singapore depend on a variety of factors, including the portfolio that you choose, the investment horizon, and the market conditions. However, studies have shown that robo advisors in Singapore have generally outperformed traditional investment options, with returns ranging from 4% to 10% per annum.
Can OCBC RoboInvest be used with the Supplementary Retirement Scheme (SRS) accounts?
Yes, OCBC RoboInvest can be used with Supplementary Retirement Scheme (SRS) accounts. This allows you to invest in a tax-efficient manner while saving for your retirement.
How does OCBC RoboInvest’s performance compare to other robo advisors in Singapore?
OCBC RoboInvest is one of the leading robo advisors in Singapore, offering a range of diversified portfolios that have performed well over the years. While there are other robo advisors in Singapore, OCBC RoboInvest stands out for its low fees, ease of use, and excellent customer service.
