The Lion-MariBank SavePlus Fund recently updated its management fee from 0.125% to 0.25%.
This might sound like bad news, but what is the actual impact?
Stick around to learn why Lion-MariBank SavePlus Fund remains a smart choice for my money.
Table of ContentsWhat Is The Lion-MariBank SavePlus Fund?
From the Mari Invest website, the Lion-MariBank SavePlus fund mainly comprises MAS Bills and high-quality bond funds, enabling investors to participate in potentially higher yields compared to SGD fixed deposits while keeping overall portfolio risk low.
The Lion-MariBank SavePlus fund (actively managed by Lion Global Investors) is distributed digitally and offered exclusively to MariBank customers.
You can learn more about the Lion-MariBank SavePlus fund from my article here.
Lion-MariBank SavePlus Fund Fee Updated (0.125% → 0.250%)
The reduced fee of 0.125% p.a. for the Lion-MariBank SavePlus fund that was offered from 1 January to 30 June 2024 was a special launch promotion, but it has already ended.
One thing that I would like to highlight is that Mari Invest is not equivalent to the Lion-MariBank SavePlus fund.
Lion-MariBank SavePlus fund is just an investment product offered via MariBank’s investment account, Mari Invest.
However, many people think that the two are the same thing because only one investment product is available at the moment, and the Maribank website doesn’t make too much effort to differentiate the two.
Do note that more investment products could potentially be introduced in the future.
Returns Shown On The Mobile App
How does this change affect us?
In terms of our user experience, absolutely nothing.
Mari Invest does not charge transaction fees, which means there are no upfront fees, sales charges, or platform fees. When we use it, 100% of our money is invested.
The management fee for the Lion-MariBank SavePlus Fund (previously 0.125%, now
