If I choose monthly payouts, when will the funds be credited to my bank account?
Income+ Pure and Enhance
If you opt for monthly payouts, dividends from the underlying funds are collected throughout the month and credited to your bank account within the first 10 days of the following month.
Example:
- Your Income+ portfolio becomes active on January 5.
- It starts accumulating dividends in February.
- Your first payout will be credited to your bank account by March 10.
Income+ Max
If you opt for monthly payouts, dividends from the underlying funds are collected throughout the month and credited to your bank account in the following month.
How often will I receive dividends?
Fund dividends are distributed monthly.
How do I update my dividend setting to either payout or reinvest?
The default option is automatic reinvestment. To switch to monthly payout, please update your settings in the Syfe App after funding your Income+ portfolio.
- Login to the Syfe App
- Tap “Income Portfolio”
- Select your Income+ portfolio
- Scroll down to “Manage Dividends”
- Select “Payout”
What are the payout currencies for the different Income+ portfolios?
Income+ Pure and Enhance
- The payout currency is preset to Hong Kong Dollars (HKD)
- The payout currency cannot be changed
Income+ Max
- You may choose to receive cash payouts to bank in US Dollars (USD) or Hong Kong Dollars (HKD)
Please note:
Since the Max portfolio is a USD-denominated portfolio, if you choose to receive payouts in HKD, the system will convert the USD payout amount into HKD at the prevailing rate, and this process will involve foreign exchange conversion.
What are the requirements for the pay-out option?
Pay-out can only be enabled if portfolio value is HK$10,000 or above.
