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MariBank launches new investment offering
The Mari Invest Income offers zero transaction fees with S$1 minimum investment.
MariBank has launched Mari Invest Income for Singaporeans.
The Mari Invest Income offers zero transaction fees and a minimum investment of just S$1. It is currently on an invite-only basis and will be gradually rolled out to more customers in the coming months.
Investors can access the PIMCO GIS Income Fund. Since its inception, the fund has delivered an annualised return of 4.09% per annum (p.a.), according to MariBank.
The fund has reportedly provided consistent monthly payouts with an annualised dividend yield of 6.49% as of 31 December 2024, according to MariBank.
Mari Invest Income builds on the Mari Invest SavePlus. The fund distributed under Mari Invest SavePlus has surpassed S$953.3m in assets under management (AUM) since its introduction in September 2023.
“Mari Invest Income was designed for those seeking to enhance their income streams by simplifying investing, enabling customers to easily track their investment returns and monthly payouts,” said Natalia Goh, CEO of MariBank.