RetireJapan

Good day everyone!

I have just started my first NISA account (SBI) and am about to invest. I know what I want to invest into (三菱ＵＦＪ－ｅＭＡＸＩＳ　Ｓｌｉｍ　全世界株式（オール・カントリー）) but I am not sure I completely understand the separation of the two quotas of Tsumitate and Growth.

My understanding is that tsumitate is a monthly deposit of X amount of money to buy from a limited choice of options. While the Growth part is not limited to being monthly deposits, but and has a slightly different selection of investments.

I am not very interested in actively investing as much as just setting up this account to monthly invest into the choices I make, but I would like to use the full potential of the account rather than only the tsumitate part. Is it possible to set up monthly investments on both parts of the account? Would I in that case need to calculate how much that should go to which part each month to not hit the limits? I plan on maxing out the account as soon as possible.

Kind regards,
MurabitoB

MurabitoB wrote: ↑Sat Mar 09, 2024 7:24 am Is it possible to set up monthly investments on both parts of the account? Would I in that case need to calculate how much that should go to which part each month to not hit the limits? I plan on maxing out the account as soon as possible.

Yes. You should set up two 積立買付 orders. One for the つみたて枠 and one for the 成長枠. You can buy the same fund in both portions, as long as it's eligible for the Tsumitate portion, which eMaxis Slim All Country is. You have ten months, so that would be monthly amounts of ¥120k for Tsumitate and ¥240k for Growth.

I thought the maximum amount you can invest monthly in the Tsumitate portion was 100k.

Max wrote: ↑Sat Aug 10, 2024 4:12 am I thought the maximum amount you can invest monthly in the Tsumitate portion was 100k.

It is confusing because tsumitate is both a method of investing (regular) and the name of one of the NISA 'sub-accounts', for want of a better phrase.
So you are correct that the Tsumitate NISA sub-account allows a maximum of 1.2M per year, so 100k per month.
It is possible to make regular payments (tsumitate) into the Growth 'sub-account' as well, as Adam explained.

So it is possible to make regular payments up to 300k per month, 3.6M per year, across the 2 sub-accounts. Of course, your broker must support this.

Max wrote: ↑Sat Aug 10, 2024 4:12 am I thought the maximum amount you can invest monthly in the Tsumitate portion was 100k.

Ah, just realized your question maybe about the 100k vs 120k Adam mentioned. My misunderstanding.
If you start the tsumitate NISA mid-way through the year, it is possible to put in more than 100k (again, this will depend on your broker supporting this).