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.
