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.
What 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...
