Endowus vs DBS digiPortfolio 2026: Fees, Funds & Which Wins for SG Investors

Why compare Endowus and DBS digiPortfolio

Both platforms promise hands-off, diversified investing for Singapore retail investors, but they come from opposite starting points. Endowus is an independent robo-advisor built around unbundling fund fees and giving CPF/SRS investors direct access to institutional share classes. DBS digiPortfolio is a bank-built, one-tap product bundled into the DBS/POSB digibank app, aimed at existing bank customers who want a pre-set model portfolio without opening a separate account.

The comparison matters most for anyone who already keeps CPF Ordinary Account funds, SRS savings, or spare cash and is deciding whether a bank-bundled convenience product or an independent fee-unbundled platform delivers more net return after costs.

Fee structure compared

Endowus charges what it calls an “Endowus Fee” (previously Access Fee) on top of the underlying fund’s own expense ratio. For cash-invested, mid-to-long-term goals the tiers are 0.60% up to S$200,000, 0.50% for the next S$800,000, 0.35% up to S$5,000,000, and 0.25% above that, according to Endowus’s own Fund Smart fee schedule. CPF and SRS portfolios are charged a flat 0.40% p.a. regardless of balance, and each pool (cash, CPF, SRS) is tiered or charged separately.

DBS digiPortfolio’s fee depends on which sub-product you pick. The ETF-based Asia Portfolio and Global Portfolio both charge a flat 0.75% a year. The funds-based Global Portfolio Plus is tiered at 0.85% on the first S$10,000, 0.80% on the next S$40,000, and 0.75% above S$50,000, per DBS’s digiPortfolio product page. Neither platform charges a separate sales, platform, switching or withdrawal fee on top of its headline rate, but both sit on top of the underlying fund’s own expense ratio, which is typically 0.05%-1% a year and already baked into each fund’s price.

For a S$50,000 cash portfolio, Endowus’s 0.60% works out to S$300 a year before the underlying fund fee; a DBS digiPortfolio Global Portfolio Plus holding of the same size blends to roughly 0.83% (0.85% on the first S$10k, 0.80% on the next S$40k), or about S$415 a year. The gap narrows for ETF-based digiPortfolio options at a flat 0.75%, but Endowus still comes out ahead below the S$200,000 cash tier threshold.

Fund access and minimum investment

Endowus has no minimum investment and gives access to more than 100 unit trusts and ETFs across its Core, Satellite and Income fund ranges, plus Fund Smart (direct access to any fund on its shelf) and a cash management product. DBS digiPortfolio requires a S$100 monthly regular savings plan or a S$1,000 lump sum, and restricts you to its own pre-built model portfolios — there is no direct fund-picking the way Endowus allows through Fund Smart.

New Endowus sign-ups can use the Endowus referral code for the current welcome offer, and a full breakdown of every fee tier — including the Cash Smart and Fund Smart schedules — is covered in our Endowus Fee Explained: The Full 2026 Breakdown.

CPF and SRS support

Both platforms accept CPF Ordinary Account and SRS funds, but the mechanics differ. Endowus runs CPF OA and SRS as fully separate investment pools with their own flat 0.40% fee tier, and supports a wide CPFIS-included fund list — our Endowus CPFIS 2026 CPF OA Guide walks through eligible funds and how the CPF Investment Scheme interacts with the platform. DBS digiPortfolio also accepts CPF OA and SRS, routed through DBS’s own CPFIS and SRS infrastructure, which can be simpler for existing DBS/POSB CPF account holders who don’t want to link a separate CPF Investment Account provider, though CPF Board rules on CPFIS-eligible funds apply equally to both platforms.

If you’re weighing DBS’s own CPF-linked products more broadly, our DBS SRS Account 2026 guide covers how DBS’s SRS account setup compares against other banks before any digiPortfolio investing layer is added.

Which platform wins for which investor

A Singapore investor who already banks with DBS/POSB, wants to start with as little as S$100 a month, and values a single integrated app view will likely find DBS digiPortfolio’s convenience worth its higher fee. An investor who holds a larger CPF OA or SRS balance, wants direct access to specific funds rather than a fixed model portfolio, or is cost-sensitive above the S$10,000-S$50,000 range will come out ahead on Endowus’s lower tiered fee and broader fund shelf. Neither platform carries SDIC deposit insurance on invested amounts — both are market-risk products, not savings accounts, regulated under the Monetary Authority of Singapore‘s capital markets services licensing regime.

Fee and access tables

Source: help.endowus.com Fund Smart fee schedule and dbs.com.sg digiPortfolio product page, verified October 2026.

For a step-by-step look at putting CPF funds to work more broadly, see the Singapore retirement calculator to model how either platform’s fee drag compounds over a full CPF investing horizon.

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