What is management fee and how does it work?

The management fee is a fee charged by the fund manager, Lion Global Investors (LGI), for the ongoing active management of the fund, of which a portion is paid to MariBank as a distributor.

As part of our promotion, the annual management fee for the Lion-MariBank SavePlus fund, charged by the fund manager Lion Global Investors (LGI), will be 0.125% p.a. until 30 Jun 2024.

Thereafter, from 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund will be 0.25% p.a.

How is management fee charged?

The management fee is factored into each day’s unit price shown, and no further deductions are made when fund units are bought or sold.

E.g. If the unit price on a given day is S$1.0400, the proceeds from selling 1,000 units is exactly S$1,040 with no other charges.

How are my returns affected with these fees?

Returns shown in the mobile app, are after the deduction of any such ongoing fees, so you don't have to worry about any hidden charges for the investment product(s) offered by Mari Invest.

E.g. If the past 4-week returns shown in-app is 4.00%, no further deduction is required to this figure, as this already takes into account all fees.

Read up more about fees charged on your investments here.