Endowus Singapore: Complete Guide 2026

Everything you need to know about fees, CPF investing, portfolios, and how to maximise your referral bonus — as at April 2026.

Not financial advice. Always do your own research before investing.

Endowus is Singapore’s only platform that lets you invest your CPF, SRS, and cash savings all in one place. Launched in 2019, it has grown into one of the most trusted robo-advisors in Singapore — and for good reason.

In this guide, we cover everything: how Endowus works, exactly what fees you’ll pay, which portfolios suit different goals, and how it stacks up against Syfe and FSMOne. We’ll also show you how to claim your referral bonus before you invest a single dollar.

What Is Endowus Singapore?

Endowus is a fee-only digital wealth platform regulated by the Monetary Authority of Singapore (MAS) as a Capital Markets Services (CMS) licence holder. Unlike traditional unit trust distributors, Endowus rebates 100% of trailer fees (commissions) back to investors — meaning you keep more of your returns.

Key facts as at April 2026:

Founded: 2019 by Gregory Van, Samuel Rhee & Wynne Khoo
Regulation: MAS-licensed (CMS Licence No. CMS101245)
Assets under advisement: >S$5 billion (as reported)
Unique edge: Only robo-advisor in Singapore to accept CPF OA, CPF SA, SRS, and cash
Fund universe: 300+ institutional-class funds at zero sales charge

Unlike platforms like Syfe that invest primarily in ETFs, Endowus uses institutional-class mutual funds — giving retail investors access to funds normally reserved for large pension funds.

Endowus Fees Explained

Endowus charges a single access fee based on assets under advisement (AUA). There are no sales charges, no switching fees, and trailer commissions are fully rebated.

AUA Tier	Annual Access Fee	Applies To
First S$200,000	0.25% p.a.	Cash & SRS
Next S$800,000	0.20% p.a.	Cash & SRS
Above S$1,000,000	0.15% p.a.	Cash & SRS
CPF (all tiers)	0.25% p.a.	CPF OA & SA

On top of the access fee, underlying funds charge their own expense ratios — typically 0.10% to 0.50% p.a. for institutional-class funds on Endowus. This is significantly cheaper than retail mutual funds sold at banks, which often carry expense ratios of 1.0–1.5% p.a.

See our full Endowus fees breakdown for a worked example.

Portfolios: Cash Smart, Flagship & More

Endowus offers four main portfolio types, each suited to a different investment goal:

1. Cash Smart (Capital Preservation)

Cash Smart is Endowus’s answer to the high-yield savings question. As at April 2026, the portfolios target the following estimated returns:

Cash Smart Secure: ~3.0% p.a. (money market focus)
Cash Smart Enhanced: ~3.4–3.8% p.a. (short-duration bond mix)
Cash Smart Ultra: ~3.8–4.2% p.a. (higher yield, slightly more volatility)

These are projections, not guaranteed returns. Cash Smart competes directly with MariBank’s 2.88% savings rate and Syfe Cash+.

2. Flagship Portfolios (Wealth Accumulation)

The Flagship portfolios invest in a globally-diversified mix of equity and bond funds. You choose your risk level (Very Conservative → Very Aggressive), and Endowus constructs a portfolio from institutional-class funds by Dimensional, PIMCO, Vanguard, and others.

3. ESG Portfolios

For investors who want sustainable investing, Endowus offers ESG-screened versions of its Flagship portfolios using funds that apply environmental, social, and governance criteria.

4. Income Portfolios

The Income portfolio targets regular payouts — suitable for retirees or those building a passive income stream. It combines bond, equity income, and multi-asset funds. For dividend investors, this pairs well with our best S-REITs 2026 guide for a blended passive income strategy.

Investing Your CPF with Endowus

This is Endowus’s most unique selling point. No other Singapore robo-advisor allows you to invest both your CPF Ordinary Account (OA) and CPF Special Account (SA) funds.

CPF OA investing: Under the CPF Investment Scheme (CPFIS-OA), you can invest CPF OA balances above S$20,000. Endowus channels these into low-cost unit trusts — typically the Flagship portfolio in a lower-risk allocation.

CPF SA investing: CPFIS-SA allows you to invest CPF SA above S$40,000 in an even more restricted list of funds. Endowus supports this via selected bond and balanced funds.

The opportunity cost question: CPF OA earns a guaranteed 2.5% p.a. and SA earns 4% p.a. You should only invest via CPFIS if your expected fund returns (after fees) comfortably exceed these guaranteed rates. For long-term investors (10+ year horizon), globally diversified equity funds on Endowus have historically delivered meaningfully higher returns — but with volatility.

For a full CPF strategy framework, read our CPF investment strategy guide. You can also model your CPF projections using our CPF OA/SA allocation calculator.

Endowus vs Syfe vs FSMOne: Which Should You Use?

Feature	Endowus	Syfe	FSMOne
CPF Investing	✓ OA & SA	✗	✓ OA
SRS Investing	✓	✓	✓
Min. Investment	S$1,000	S$1	S$50 RSP
Access Fee	0.25% p.a.	0.35–0.65%	0.08–0.18%
Investment Type	Unit Trusts	ETFs	ETFs & Funds
Referral Bonus	S$20	S$10–S$50	S$20–S$30

Our take: If you have CPF savings to invest, Endowus is the only serious option. For pure cash investing with a lower entry point, Syfe wins on minimum investment. For experienced investors who want to pick their own ETFs, FSMOne offers more control at a lower platform fee.

Most serious Singapore investors end up using two or three of these platforms for different purposes — cash savings, CPF, and self-directed ETF portfolios. Don’t treat it as either/or.

Endowus Referral Code: Claim Your S$20 Bonus

New Endowus users can claim a S$20 cash reward when they sign up with a referral code and invest a minimum qualifying amount. This is effectively a small but meaningful reduction in your first-year fee — especially relevant if you’re starting with a smaller portfolio.

Our referral page has the latest active Endowus promo codes and step-by-step instructions on how to redeem them:

Get Endowus Referral Code & S$20 Bonus →

Also see: Syfe Referral Code · FSMOne Referral Code · MariBank Referral Code · Trust Bank Referral Code

Is Endowus Safe? Regulation & Capital Protection

Endowus is licensed by MAS and holds a Capital Markets Services (CMS) licence. Your investments are held in a custodian account separate from Endowus’s own balance sheet — meaning even if Endowus were to cease operations, your funds are not at risk from the company’s liabilities.

Key safety features:

MAS regulated: Subject to ongoing MAS supervision and compliance requirements
Segregated accounts: Client assets are held separately in trust via licensed fund custodians
No leverage: Endowus does not use margin or leverage on client portfolios
SGX-listed funds: Many underlying funds are SGX-listed, providing an additional layer of transparency

There is no SDIC (Singapore Deposit Insurance Corporation) coverage on investment products — this applies to all investment platforms including Endowus, Syfe, and FSMOne. Investments are subject to market risk. For capital-protected options, consider T-Bills or SSBs.

Also Explore

If you’re building a passive income portfolio in Singapore, these companion guides are worth bookmarking:

Frequently Asked Questions

What is Endowus Singapore?

Endowus is a MAS-licensed digital wealth platform that lets Singapore residents invest their cash, CPF OA, CPF SA, and SRS savings in a curated range of low-cost institutional-class unit trusts. It was founded in 2019 and has grown to manage over S$5 billion in assets.

How much does Endowus charge?

Endowus charges an annual access fee of 0.25% p.a. on the first S$200,000, 0.20% p.a. on the next S$800,000, and 0.15% p.a. above S$1 million. There are no sales charges. Underlying fund expense ratios (typically 0.10–0.50% p.a.) also apply and are disclosed separately.

Can I invest my CPF with Endowus?

Yes. Endowus is one of the very few platforms in Singapore that supports CPF OA and CPF SA investing under the CPFIS scheme. You can invest CPF OA balances above S$20,000 and CPF SA balances above S$40,000. Note that CPF OA earns a guaranteed 2.5% p.a. and SA earns 4% p.a., so you should only invest CPF if you expect long-term returns that justify the opportunity cost.

Is Endowus safe?

Endowus is MAS-regulated and holds your investments in segregated custodian accounts separate from Endowus’s own balance sheet. This means your funds are protected from Endowus’s corporate liabilities. However, investments are subject to market risk and are not covered by SDIC deposit insurance.

How do I get the Endowus referral code?

Visit our Endowus referral code page for the latest active promo codes. New Endowus users can typically claim a S$20 cash reward upon signing up with a valid referral code and making a qualifying investment.

Endowus vs Syfe: which is better for Singaporeans?

It depends on your goal. Endowus wins if you want to invest CPF or SRS savings, or prefer institutional-class mutual funds. Syfe wins if you want a lower minimum investment (from S$1), prefer ETF-based portfolios, or want thematic investing options. Many Singaporeans use both for different purposes.

What is Endowus Cash Smart?

Cash Smart is Endowus’s capital-preservation portfolio range targeting returns of approximately 3.0–4.2% p.a. (as at April 2026), depending on the sub-portfolio chosen (Secure, Enhanced, or Ultra). These are not guaranteed returns and are subject to market movements. Cash Smart competes with high-yield savings products like MariBank and Syfe Cash+.

Endowus Singapore: Complete Guide 2026 (Fees, CPF, Portfolios & Referral Code)