Endowus Review 2026: Fees, CPF, SRS & Is It Worth It?
Singapore’s most popular CPF and SRS robo-advisor — comprehensive review with all fees, fund options and referral code 2V343.
Endowus is Singapore’s only MAS-licensed wealth platform that lets you invest your CPF Ordinary Account (OA), SRS, and cash savings through a single app. It charges a flat 0.25% p.a. access fee (one of the lowest in Singapore), rebates 100% of fund trailer fees back to you, and gives access to over 200 institutional-class funds from partners like Dimensional, PIMCO, and BlackRock. For long-term CPF and SRS investors, it is one of the most cost-efficient options available in 2026.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
- Endowus charges just 0.25% p.a. access fee + fund-level TER — trailer fees rebated 100%
- One of the very few platforms with full CPF OA + SRS access in Singapore
- Use referral code 2V343 to get S$20 added to your Endowus account
Table of Contents
What Is Endowus?
Endowus was founded in 2017 and is licensed by the Monetary Authority of Singapore (MAS) as a Capital Markets Services (CMS) licensee. It operates as a fee-only wealth platform — meaning it does not earn commissions from fund houses. Instead, it charges investors a transparent access fee and rebates 100% of all trailer fees (kickbacks that fund houses pay distributors) back to you.
This makes it structurally different from traditional banks and brokers, which keep trailer fees as profit. On a S$100,000 portfolio, that rebate can be worth hundreds of dollars per year.
Endowus serves three funding pools: CPF OA (via CPFIS), SRS, and regular cash. You can manage all three in one account with a single login.
Endowus Fees 2026
Endowus uses a simple flat-rate fee structure based on Assets Under Advice (AUA). The access fee applies to all funding sources (CPF, SRS, Cash) at the same rate.
| AUA Band | Endowus Access Fee (p.a.) | Annual Cost on S$100k |
|---|---|---|
| First S$200,000 | 0.25% | S$250 |
| S$200,001 – S$1,000,000 | 0.20% | S$200 (on that tier) |
| Above S$1,000,000 | 0.15% | S$150 (on that tier) |
Source: Endowus fee schedule, June 2026. Fund-level TERs apply separately.
On top of this, you pay the fund’s own Total Expense Ratio (TER) — but Endowus rebates all trailer fees, which often offset 0.10–0.50% of the fund TER. In practice, your all-in cost is often lower than buying the same funds through a bank or traditional broker.
CPF OA and SRS Access
This is where Endowus truly stands out. Very few platforms in Singapore allow you to invest your CPF OA funds — and Endowus is the most user-friendly one.
To invest your CPF OA through Endowus, you need to activate the CPF Investment Scheme (CPFIS). This takes about 5 minutes in your CPF portal. Once activated, you can transfer CPF OA funds to Endowus and invest in approved unit trusts — including globally diversified portfolios like the Endowus Core Flagship Portfolio.
For SRS, Endowus is an SRS-approved operator. You simply link your SRS account (from DBS, OCBC, or UOB) and transfer funds directly into your Endowus SRS account. The S$1,000 minimum applies here too.
CPF SA and MA funds cannot be invested via CPFIS-OA pathway, but you can top up your CPF SA directly for the 4% risk-free guaranteed interest rate. For a full strategy guide, see our CPF investment strategy article.
| Funding Source | Available? | Min. Investment | Key Consideration |
|---|---|---|---|
| CPF OA | Yes (CPFIS) | S$1,000 | Keep S$20k in OA as buffer first |
| SRS | Yes | S$1,000 | Tax deduction on SRS contributions |
| Cash | Yes | S$1,000 | No lock-up; flexible withdrawals |
| CPF SA / MA | Not available | — | SA earns 4% guaranteed; rarely beaten by investing |
Source: Endowus platform, CPF Board CPFIS rules, June 2026.
Fund Options and Portfolios
Endowus gives you two main ways to invest: pre-built portfolios or individual fund selection.
Pre-built Portfolios: Endowus offers three flagship portfolios — Core (globally diversified equities + bonds), Satellite (thematic and factor-based), and Income (for monthly distributions). These are rebalanced automatically, making them ideal for set-and-forget investors.
The Endowus Core Flagship Portfolio uses Dimensional funds (evidence-based factor investing) and PIMCO bond funds. For CPF OA investors, the Endowus Core (100% equity) targets long-term real returns above the CPF OA 2.5% floor — though this is not guaranteed and comes with market risk.
Fund Smart (DIY): You can build your own portfolio from over 200 funds spanning equities, bonds, multi-asset, ESG, and money market. This includes funds not available on other Singapore platforms, such as Dimensional, Amundi, and Nikko AM institutional share classes.
For income-focused investors, Endowus also runs Income Portfolios — targeting 3–6% annual income through a mix of bond, dividend, and REIT funds. This pairs well with a broader passive income Singapore strategy.
Endowus vs Syfe vs FSMOne
Choosing between Singapore’s main investment platforms comes down to what you need most — CPF access, low fees, or maximum fund choice.
| Feature | Endowus | Syfe | FSMOne |
|---|---|---|---|
| Platform Fee | 0.25% p.a. | 0.35–0.65% p.a. | 0.08% commission |
| CPF OA Access | Yes (CPFIS) | No | Yes (CPFIS) |
| SRS Access | Yes | Yes | Yes |
| Trailer Fee Rebate | 100% rebated | No | Partial |
| Min. Investment | S$1,000 | S$1 (Syfe Trade) | S$100 |
| Fund Universe | 200+ unit trusts | ETFs + portfolios | Stocks, ETFs, UTs |
| Best For | CPF/SRS long-term | ETF portfolios, cash | Active traders, S-REITs |
Source: Endowus, Syfe, FSMOne fee schedules, June 2026.
If your priority is CPF OA investing with the lowest fee, Endowus is the strongest choice. If you prefer ETF-based portfolios, compare with Syfe referral code and sign-up bonus. For direct stock and S-REIT investing with CDP settlement, check FSMOne referral code.
Pros and Cons of Endowus
| Pros | Cons |
|---|---|
| Only platform with seamless CPF OA + SRS + Cash | Cannot buy individual stocks or S-REITs |
| 100% trailer fee rebate reduces effective cost | Fund TERs add to the 0.25% platform fee |
| Institutional-class funds (Dimensional, PIMCO) | S$1,000 minimum — higher than Syfe Trade |
| Transparent fee-only model, no hidden costs | Limited to unit trusts — no direct ETF trading |
| MAS-licensed, strong EEAT and trust signals | CPF OA investing carries market risk vs 2.5% guaranteed |
Source: Endowus platform review, The Kopi Notes, June 2026.
Who Should Use Endowus?
Endowus is best suited for long-term, passive investors who want to put their CPF and SRS funds to work in globally diversified portfolios. Here is a quick decision framework:
| Investor Profile | Should Use Endowus? | Why |
|---|---|---|
| CPF OA investor wanting equities | Yes | Best CPF OA access platform in SG |
| SRS maximiser wanting diversified funds | Yes | 200+ funds, lowest access fee for SRS |
| Cash investor, long-term (5+ years) | Yes | Good for globally diversified exposure |
| Active stock or REIT trader | Not ideal | Use FSMOne or DBS Vickers instead |
| ETF-only investor (CSPX, VWRA) | Maybe | IBKR or FSMOne cheaper for direct ETFs |
Source: The Kopi Notes analysis, June 2026.
If you are planning for retirement with CPF and SRS, Endowus pairs extremely well with our Singapore retirement calculator — run your numbers first, then set up a recurring investment plan on Endowus for the shortfall. Also see our guide to the best S-REITs in Singapore 2026 if you want dividend income alongside your Endowus portfolio.
Endowus Referral Code 2V343
New Endowus users can use referral code 2V343 to get a S$20 bonus credited to your account. Here is how to claim it:
- Visit the Endowus referral page and click through to sign up
- Complete identity verification with Singpass (fastest) or manually
- Fund your account with at least S$1,000 (CPF OA, SRS, or Cash)
- The S$20 bonus is credited within a few business days
You can also stack referral bonuses — use our Syfe referral code and sign-up bonus (code: SRPRFFFCD) and FSMOne referral code (code: P0544985) for their respective sign-up rewards. For a full comparison of all platform bonuses, see our passive income Singapore guide.
Frequently Asked Questions
Is Endowus safe and MAS-licensed?
Can I invest my CPF OA money in Endowus?
What is the Endowus referral code for 2026?
What is Endowus all-in fee?
Is Endowus better than Syfe?
Does Endowus support SRS investing?
What funds are available on Endowus?
Can I invest in S-REITs through Endowus?
What is the minimum investment for Endowus?
Start Investing with Endowus Today
Use referral code 2V343 to get S$20 when you sign up and fund your account with at least S$1,000.
Not financial advice. Endowus is MAS-licensed. Investment returns are not guaranteed. Past performance does not predict future results. The Kopi Notes may earn a referral fee if you sign up via our link.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
