Frequently Asked Questions

SMART Park is an excess funds facility that manages your account’s idle cash by tapping on money market funds. The money market funds invested are Phillip Money Market Fund for SGD, and Phillip US Dollar Money Market Fund A for USD.

Money market funds consist of high quality, short-term instruments of 397 days or less. They include high quality government and corporate bonds, commercial bills and fixed deposits.
You are able to use the money in SMART Park for your shares payment or other investment purchases with POEMS. Money market fund units will be automatically redeemed from SMART Park with no additional instruction required.

The investment mandate of SMART Park’s underlying fund, Phillip Money Market fund is to preserve the fund’s principal value and maintain a high degree of liquidity while producing returns comparable to savings deposits. It is required by this mandate to invest only in its intended currency. Thus, the fund is not allowed to take any currency risks.

Though Phillip Money Market fund is not principal guaranteed, it has not experienced any default since inception in 2001. The fund’s credit management process is designed to select the highest quality debt issued by the highest quality companies, while managing liquidity of the Fund.

If you have an existing account, you can start by subscribing to SMART PARK , and transfer your money into SMART Park.

If you do not have an account, you may open a Phillip Investment Account , and opt-in for SMART Park at the same time.

Yes, you can withdraw your money any time. To withdraw, please login and go to Acct Mgmt > Stocks > Online Forms > Withdrawal Form.

Withdrawal requests submitted before 10.00 am will be processed on the same business day and the funds will be deposited into your bank account the next business day.

Rates shown on the website are based on 1-year cumulative returns with net income and dividends reinvested and calculated on a single pricing basis (NAV/NAV prices). Returns shown are net of fund expenses. (Note: Past performance is not necessarily indicative of future performance.)

To view the returns earned, please login and go to Acct Mgmt > Stocks > Transaction History > Summary of Portfolio > MMF .

No, you are not required to maintain a minimum balance in your account. But to enjoy the returns of SMART Park, a minimum balance of $100 needs to be maintained in the account.
No, there are no sales charges or administrative fees imposed for SMART Park facility.

However, there may be fees and charges levied on the underlying funds.