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How do I set up a Recurring Investment on SatrixNOW?

A Recurring Investment can be set up by following one of the 3 easy methods explained below:

A. From the Recurring investments page

The setup of a Recurring Investment can be initiated from the Recurring Investments page as per the steps below.

1. Click on the Menu in the top left hand corner of the screen and select the Recurring option under the 'My Investments' heading

2. Clicking on the setup recurring button under this tab will take Investors to ‘Browse the market’ page in which either ETF’s or Unit trusts can be selected.

3. After selecting an instrument of your choice you should arrive at the Buy page of that ETF from which they can continue from method B below.

B. From the Buy page of an Instrument

When you navigate to the buy page of an ETF, you will be greeted with the familiar buy options of selecting one of the standard amounts (Ie. R250, R500, R1000) to Invest, together with the custom amount field

To setup a Recurring Investment from here, please follow the steps below:

1. Select / enter the amount you'd like to Invest

2. You will see options to click on Recurring or Once Off Investment

3. Click on the Recurring button - this will change the colour of the button from light-blue to dark-blue.

4. After selecting the recurring option - this will take you to the add recurring investment screen with the recurring investment amount populated with the amount you selected / input on the previous page as well as a 0% default value for the annual increase percentage. Both of these figures can be changed on this page.

Should you wish to set up a debit order, you will need to verify your bank account by following the instructions in this FAQ article

5. Choose when you want the payments to occur. You have the choice of making the recurring investment every:

  • Month 
  • Quarter 
  • Year

6. Choose the day on which you'd like the recurring investment to be made. You can choose the: 

  1. 1st of the month
  2. 3rd of the month
  3. 15th of the month
  4. 25th of the month

7. If you choose the quarterly or annually options, you will be required to select the month on which you want the quarter or year to start.

8. The final step before concluding requires you to: 

  1. Confirm that the bank details displayed to you on the screen are accurate.
  2. Accept the Terms and Conditions.

9. Once you have completed all your selections, click on the blue continue button - this will take you to the confirm your recurring investment page, which will summarise the full details of your recurring investment in 2 parts: 

Recurring Investment details - this part of the confirmation outlines the following details for you to check. 

  1. The ETF you are buying
  2. chosen payment method 
  3. The frequency of the payment 
  4. The annual % increase chosen (default value of 10% if not changed) 
  5. The date on which the first Investment will be made 

Investment cost - this part of the confirmation outlines the costs of the Investment for you to check 

  1. Broker commission - usual brokerage cost of 0.25% 
  2. Settlement and administration - the usual cost of 0.075% 
  3. Investor protection levy (IPL) - the usual cost of 0.0002% 
  4. VAT - levied against the 3 fees above 
  5. Recurring Investment fee - a new fee that covers the cost of administering the recurring investment facility

10. Once you have checked all of the details of your recurring investments and are happy they are correct, click on the ADD TO RECURRING button at the bottom right of the confirmation screen.

Doing so will take you to the recurring investments page on which you will see a confirmation that the recurring investment was successfully created.

You will also see details of the recently added Recurring investments which you can edit / remove at any time. Please see our FAQ article for details on how to do that here.

C. From the Cog icon on the corner of an ETF you own

All the ETFs an Investor owns can be found on the Account Overview screen of their Investment and TFSA accounts.

Each ETF on the page has a small blue gear icon in the top right-hand corner of the rectangular block.

Clicking on this cog icon will give the Investor a number of options in relation to that particular ETF

Should an Investor like a particular ETF and want to create a Recurring Investment for it, they can do so as follows:

1. Click on the blue gear icon

2. Click on the Add Recurring option

3. The Investor can now choose the particular details of the Recurring Investment they would like to setup starting with entering the amount they would like to invest in the chosen instrument and if desired, changing the annual increase percentage (from the default value of 0%).

The Investor can now continue with the steps as explained in detail from Step 4 onward of Method B in this FAQ article (see above).

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.