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InvestDaily is an ideal systematic savings plan if you don’t have the resources to actively invest in growing wealth for your future. It’s an online platform that helps you invest in mutual funds easily and with low minimums for a certain amount at regular intervals (weekly, month, quarterly, etc).
It’s a simple investment plan where your money is auto-debited from your account and invested into your selected mutual fund scheme.
Every time you invest some money, additional units of the mutual fund scheme are purchased at the market rate and are added to your goal. Hence, units are bought at different rates and you’ll benefit from Dollar-Cost Averaging and the Power of Compounding.
Disciplined Saving:Discipline is the key to successful investments. When you invest this plan, you commit yourself to save regularly. Every investment is a step towards getting to your financial objectives
Flexibility:While it’s advisable to continue this plan with a long-term perspective, it’s not compulsory. You can discontinue it at any time, increase or decrease the amount being invested.
Long-term Gains:Due to Dollar-Cost Averaging and the power of compounding, this plan has the potential to deliver attractive returns over a long investment horizon.
Convenience:It’s a hassle-free mode of investment. You can issue a standing instruction to us to facilitate auto-debits from your bank account.
Invest as low as AED 8
Create a Goal
Set the reason you’re saving, select funds and set the amount and frequency of your payments.
Subscribe
Be able to allocate an amount at a goal level to buy funds based on a predefined allocation set at the goal level.
No lock-in period
Be able to withdraw cash at a goal level by redeeming from the goal (this happens across funds as % of their market value allocation within the goal).
Switch
Have the ability to transfer cash from one goal to another. This essentially triggers a Sell from 1 goal (as % of market value allocation) and Buy into another goal (as % of allocation amount defined for the goal).
Rebalance
Modify fund allocation within the goal either by reducing exposure of any of the existing funds and allocating to other funds in the goal or add new funds to the goal and set contribution %.
Invest on a lump sum basis (one time) or set up a regular investment frequency (weekly, month, quarterly, etc).
24/7 access using Online Banking
No hidden charges; all charges are debited separately to provide transparency
Step 1: Log in to Online Banking
Step 2: Complete your registration
Step 3: Create your goal
Step 4: Select funds/Set allocation
The Net Asset Value of Fund (NAV) is calculated as NAV: Assets of the fund - Liabilities of the fund/No. of units issued
Skeptical about WHEN to invest your money? Dollar-Cost Averaging makes your money fetch more units when the price is low and less when the price is high. During volatile periods, it allows you to achieve a lower average cost per unit.
Let’s say you’re a 40 year old. If you start investing AED 10,000/month today, in 20 years you would have saved up AED 2.4 million. If that investment grew by an average of 7% a year, it would be worth AED 5.2 million by the time you’re 60!
However, if you started investing 10 years earlier, your savings would add up to AED 3.6 million over 30 years. Growing at the same pace of 7%, you would have AED 12 million when you’re 60.
That’s more than double the amount you would have received if you had started ten years later!
A Mutual Fund is usually referred to as an investment vehicle that is made up of a pool of funds collected from many investors like you, for the purpose of investing in securities such as stocks, bonds, and similar assets. Mutual Funds are operated by investment professionals, who invest the fund’s capital and attempt to produce capital gains and income for the fund’s investors.
A Mutual Fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus. When money is pooled, it creates greater buying power; thus making it possible for you to invest in a wider range of investments. Each investor in a fund owns shares that represent a part of a fund’s portfolio holdings.
Upon investing in a Mutual Fund, a prospectus detailing the risks involved in Mutual Funds will be given to you. It is imperative that you go through this document completely so that you are aware of all the general and specific risks involved.
What our customers say
"The service is accessible and can be easily monitored via online banking.
Also, everybody can start investing at a very low amount."
RANJITH LEE GOMEZ
"First, it took me quite some time to do the registration however I am satisfied with how my investment is growing in InvestDaily."
DORY YOUNES
"I continuously doing InvestDaily because it's easy and available online, but I want to see details of my transactions or some sort of statement to be able to assess my investment."
ANA MARIA ASMARANDEI
"I have set a goal for the college education of my children so I have availed InvestDaily. In terms of earning, the percentage is not really high however I have earned an approximate 3% from my investment which is not bad at all. I did not experience any problem doing investment online, the system is perfect and very accessible."
ASMITA SINGHVI
"I think this product is good, however the process of buying funds is a little slow or the online system is sometimes intermittent."
AHMED HAMDY ALI ATTIA ELNAGGAR
"I am satisfied with the growth of my InvestDaily funds. The process is easy, but sometimes the online banking system is very slow. I would like to suggest to have a dedicated call center number only for this product. "
MOHAMMAD BASSAM FAHMI MOHAMMAD
"Since last year, my InvestDaily had a returned of 6% which is good. (Note: CM will be going back soon to Italy, however he wish to keep his acct so he can still continue with InvestDaily."
ALESSANDRO DI ROBERTO
What are people asking?
InvestDaily is an online platform that allows customers to invest in Mutual Funds with low investment amounts via their ENBD Online Banking portal.
Mutual funds NAVs can vary based on the performance of the underlying portfolio which in turn varies as per market conditions. Fluctuations in value of the assets, their incomes, changes in profits and exchange rates may affect the value of the Portfolio Account, which may fall as well as/or rise and is not guaranteed.
Mutual funds are traded at Net Asset Value (NAVs) which cannot be determined in advance and the actual NAV value will be used at the time of processing your request.
Through InvestDaily you can invest in Mutual funds. To know more about Mutual funds, please click here.
Product currency is USD. All the transaction will take place in USD.
InvestDaily is an online platform that allows customers to invest in Mutual Funds with low investment amounts via their ENBD Online Banking portal.
Mutual funds NAVs can vary based on the performance of the underlying portfolio which in turn varies as per market conditions. Fluctuations in value of the assets, their incomes, changes in profits and exchange rates may affect the value of the Portfolio Account, which may fall as well as/or rise and is not guaranteed.
Mutual funds are traded at Net Asset Value (NAVs) which cannot be determined in advance and the actual NAV value will be used at the time of processing your request.
Through InvestDaily you can invest in Mutual funds. To know more about Mutual funds, please click here.
Product currency is USD. All the transaction will take place in USD.
The product is offered to Personal Banking Beyond segment customers.
InvestDaily is available for the existing ENBD personal banking beyond customer who meet the below criteria:
No, you will not be allowed to register for InvestDaily and buy mutual funds if your passport and visa is going to expire in a month or is already expired.
You can use your eligible bank account with Active status for InvestDaily.
Any eligible bank account in any currency can be used for InvestDaily. Bank’s exchange rates will apply.
Only Active accounts can register and buy funds offered under InvestDaily.
No, you will not be able to proceed with the buy order and registration if you have insufficient cash in your chosen account.
No, you cannot close your bank account when it is linked to InvestDaily. However, you will be able to close your account after unsubscribing from the InvestDaily.
Below mentioned are the 3 types of fees which will be applicable for InvestDaily service.
No, it is applicable on Buy transaction only. For Sell transaction there is no transaction fee.
Fee will be debited from the cash account selected at the time of registration.
Maintenance fee will be recovered on monthly basis on the 10th day of each month by redeeming funds from your InvestDaily portfolio for an amount equivalent to the maintenance fee. If the 10th of the month falls on a non-business day, the fee will be recovered on the next business day.
The maintenance fee will be recovered from the Goal that has the highest AUM which is greater than the fee amount. If all the Goals have a value less than the fee amount, then the fee will be redeemed on pro-rata basis amongst all Goals. If there is more than one Goal that has the same value as the highest value of the account, then the fee will be redeemed from the oldest Goal.
In the event Maintenance fees recovery is failed, the fee recovery will be attempted again on the next business day.
You will be notified via email and SMS on your mobile number registered with us.
It is advisable to maintain sufficient balance in your Goals equivalent to the maintenance fee amount. If there is no balance in the Goal to recover the maintenance fee then maintenance fee transaction will not be initiated in your goal till you have a sufficient balance in the Goal equivalent to the maintenance fee amount.
Yes. 5 % VAT charge will be applicable on the Maintenance fees.
Please follow the below steps If you are an eligible customer.
If the registration request failed, the customer will have to initiate the request again.
Sign on fee debited will be reversed back to your cash account.
If the goal creation failed, you will be redirected to goal creation flow. You will complete registration by goal creation and buying funds into goal.
If the Buying of funds is failed, the system will retry sending the order for execution till next business day’s cut off time. During this period you will be restricted to create New Goal or Buy Additional mutual funds within the same goal. This restriction will apply only when you are creating a new Goal and buy transaction for that Goal is failed.
If the retry of the buying of funds is unsuccessful, then the amount debited including the transaction amount and fees will be reversed back to the cash account.
If your registration is successful then you are not required to register again. You can create a new Goal followed by a buy transaction.
The Goal that you create gives you an option of assigning a reason for your savings.
The ability to create different goals gives you an opportunity to allocate money for savings for different purposes.
The selection of the Goal name, the underlying funds and their allocation is solely at your discretion and you should ascertain the suitability of the funds and their allocation as per your needs. Once the Goal is created and the fund allocation is done, you can subscribe and redeem only at a goal level.
Yes. You can create as many goals as you wish.
Please find below steps to create a new goal in the existing portfolio
No, multiple bank accounts cannot be used for additional goal creation. You can use the same bank account which you used for initial registration for every new goal creation. Please note that this cannot be changed at later stages and will be used for Debits and Credits.
You can place Subscription, Standing instruction, Redemption, Switch & Rebalance orders.
The cut off time for the order placement is 9.30 AM Gulf Standard Time. If the order has been placed before the cut off time, then the order will be instructed in the market on the same business day.
However, if placed after the cut off time, then it will be instructed in the market on the subsequent business day.
Orders executed prior to daily cut-off will be instructed in the market on the same business day. However, the NAV used will vary based on the date on which the order is processed at the fund house i.e. certain funds which have a T-1 order placement requirement (pre-notification) will be placed with the NAV of the day after the day on which the order is placed with the fund house.
You can place orders on InvestDaily 24 * 7.
If the order has been placed before the cut off time, then it will be instructed in the market on the same business day.
However, if placed after the cut off time, then it will be instructed in the market on the subsequent business day.
NAV applicable on the order will vary based on Fund house and fund requirements and their respective holidays.
You will be notified via SMS on the mobile number registered with us after the transactions is settled.
After the transaction is settled, your goal portfolio details will be updated with the Funds latest position post settlement of funds in the market.
Yes, you will get online confirmation of orders and trades. The status of any order is updated on real-time basis in the recent transaction under Investment>InvestDaily portfolio landing page. As soon as you place your order, they are validated by the system and sent for execution. You will also receive an SMS and email confirming the orders placed by you.
Please refer to the table below for details.
Transaction Type | Status | Buy | Sell | Switch From | Rebalance | Standing Instruction |
---|---|---|---|---|---|---|
Rebalance | Pending | Not allowed | Not allowed | Not allowed | Not allowed | Not allowed |
Sell | Pending | Allowed | Sell allowed up to 90% of the available balance | Switch allowed up to 90% of the available balance | Not allowed | Allowed |
Switch From | Pending | Allowed | Sell allowed up to 90% of the available balance | Switch allowed up to 90% of the available balance | Not allowed | Allowed |
Switch To | Pending | Allowed | Allowed. Complete or less than 90% of the available Goal value | Allowed. Complete or less than 90% of the available Goal value | Allowed | Allowed |
Buy | Pending | Allowed | Allowed | Allowed | Allowed | Allowed |
Note *If your goal has no/zero balance then you will not be allowed to place Sell, switch and rebalance transactions.
InvestDaily follow the European holiday calendar. Saturday and Sunday will be considered as non –business days. For instance if any transaction is placed on Saturday or Sunday then the instruction will be placed in the market on next business day i.e. on Monday.
You will be notified via SMS and email on your mobile number and email ID registered with us. Corporate action notification will contain fund name as for which fund corporate action has been announced, what type of corporate action it is and is there any action required to be taken by the customer before the deadline, if there is any deadline set for the corporate action. Email Notification will also include the Goal name and the Goal ID in which the customer is holding the fund.
No, there will be no dividend payout. Currently funds offered by InvestDaily belong to accumulation share class i.e. income generated by the fund manager will be reinvested in to the fund.
Minimum Investment amount allowed for InvestDaily for various funds differ from fund to fund. You can initiate buy transaction in some of the funds starting 1 USD.
Maximum Investment amount allowed is based on the standard banking daily limit set by you and the segment limit. You can see maximum limit applicable for each transaction type in Emirates NBD’s Homepage>Settings>Security Settings>my limits.
There is no minimum redemption amount limit required to place redemption order for the funds.
You will not be allowed to proceed with the transaction if you are not meeting the minimum investment amount criteria for the funds selected by you.
You will not be allowed to proceed with the transaction if you are not meeting the maximum investment amount criteria for the Emirates NBD daily and segment limit.
Please find below steps to do additional subscription in existing goal.
Yes, you can modify/cancel Buy orders till the pre-confirmation page. Once the order is confirmed, you will not be able to cancel or modify it further.
Please find below steps to place redemption order in existing goal.
You will not be able to proceed with the redemption order if the redemption amount you entered is more than or equal to 90% of the Goal Portfolio value. You will have to either place complete redemption order or place the redemption order with less than 90 % of the current goal value.
No, you can enter the amount of cash you want to withdraw from each goal. The amount of units sold under each fund is prorated as per % of market value of the funds held in the goal.
No, you cannot place complete sell transaction if you have any pending sell or switch transactions. However you can place transaction till the 90% of the Goal value if there is any pending sell or switch transactions.
The Redemption proceeds will be credited into your bank account on the settlement date. Generally you can expect the redemption proceed to be credited to your bank account on T+3 or 4 basis depend on the fund you have invested, as different funds might have different settlement cycles. The Settlement date on which amount is to be credited to your account can be checked from the InvestDaily portfolio landing page under recent transaction.
Yes, you can switch cash from 1 Goal to another Goal within your portfolio by using switch option. Switch will essentially redeem funds in the source goal (funds sold as % of market value allocation) to the extent of the value of the switch request, and buy into the destination goal (funds bought as % of contribution amount).
Please find below steps to place switch order in existing goal.
Yes, you can modify/cancel the switch order till the pre-confirmation page. Once the order is confirmed, you will not be able to cancel or modify it further.
You will not be able to proceed with the switch-redemption order if the redemption amount you entered is more than or equal to 90% of the goal portfolio value. You will have to either place complete switch-redemption order or place the redemption order with less than 90 % of the current goal value.
Switch transaction is the combination of sell and buy transaction similar to rebalance transaction. You will sell from 1 goal and buy in to another Goal. Your buy request for switch transaction will be placed in the market post confirmation of sell transaction. Generally you can expect the switch transaction to be settled on T+6 or 7 basis, depending on the fund you have invested as different funds might have different settlement cycles.
Yes, you can switch from 1 fund to another fund within the same goal by using rebalance option.
Rebalance is a combination of the below:
Yes, you can change the % of contribution amount of the held funds in your goal by using rebalance option. But all the future contributions will happen in the new allocation percentage set by you for each fund. Please note that rebalance request will change the future contribution % for funds in your goal and also rebalance your existing fund allocation in the goal to be in line with the revised allocation %.
Please find below steps to place Rebalance order in existing goal.
You will not be allowed to place any transaction (buy, sell, switch, rebalance again) till the rebalance transaction is settled.
You cannot place rebalance transaction in the Goal if there is zero value in the Goal.
You cannot place rebalance transaction if you have sell and switch transaction pending for settlement in the Goal.
No, the Standing instruction will not trigger for execution if the rebalance transaction is pending for settlement. Standing instruction will start triggering after the rebalance transaction is settled.
Rebalance transaction is the combination of sell and buy transactions similar like switch transaction. Your Buy request for rebalance transaction will be placed in the market post confirmation of sell transaction. Generally you can expect the rebalance transaction to be settled on T+6 or 7 basis, depending on the funds you have invested as different funds might have different settlement cycles.
You can set up a Standing Instruction in the goal at the time of placing subscription transaction at the time of registration, create new goal, and additional subscription or by creating separate standing instructions for the goal. Standing Instructions can be set up by selecting frequency of SI, SI amount and start and end date of the SI.
No, by default standing instructions can only be set up from the following day, if you want you can change the start date to any other future date.
You can place SI transaction in different type of Frequencies like daily, weekly, fortnightly, monthly, quarterly, half yearly & yearly.
You can see your upcoming SI transactions of your goal in the InvestDaily portfolio landing page at goal level.
No, there are no fees charged on setting up the standing instructions.
Standing instruction will be set up with the First Buy transactions at the time of registration and new Goal creation. Standing instruction request will be accepted only if the buy transaction is submitted successfully. If the buy transaction is failed then the standing instruction request submitted will also be failed.
Yes, you can create separate standing request for a goal without placing subscription order.
Yes, you can unsubscribe to standing instructions by deleting the standing instruction from the goal. You will be notified via SMS and email once the SI is unsubscribes successfully.
Yes, you can modify/cancel the SI set up request placed till the pre-confirmation page.
Yes, you can modify the SI amount after the request is submitted successfully. You will be notified via SMS and email once the SI is modified successfully.
Standing instruction will be skipped on the day if there are insufficient funds in the cash account.
Standing instruction will be skipped on the day if the cash account is under dormant status.
You can view the transaction statement under InvestDaily portfolio landing page under recent transactions at goal level as well as portfolio level.
Yes, you can export the transaction statement to PDF and excel format.
You can view the portfolio statement under InvestDaily portfolio landing page at goal level.
Yes, you can download the portfolio statement in PDF format from additional services/view e statement.
No, you will only be able to view and download data pertaining to transactions and statement from Online Banking. This can be printed at your end if necessary. E- Statement will be sent on monthly basis on your registered email ID.
If you find any discrepancy in the portfolio/transaction statement sent by us, you can notify us within 48 hours of the receipt of the statement. You can notify us via email on customercare@emiratesNBD.com or call our helpline no 00971600540000 to report the discrepancy.
You can notify us via email on customercare@emiratesNBD.com or call our helpline no 00971600540000 to report the discrepancy.
Yes, you can unsubscribe from the InvestDaily product provided you fulfill the following conditions.
Please find below steps to unsubscribe from the InvestDaily Product.
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