What is the Regular Savings Plan (RSP) about?
This is a scheme that permits investment of a fixed sum of money in a unit trust on a regular basis. It uses the concept of dollar cost averaging, an effective strategy that avoids trying to time markets. By investing regularly, more units are bought when prices are low and less units when prices are high. As a result, in rising or fluctuating markets, the average cost for all the units can be lower than the average price during the same period.
