Customers of MariBank may soon start investing in the Amova Singapore Dividend Equity Fund with a minimum of $1, free of transaction fees.
In an announcement, Maribank says that it is the first digital bank to launch such an offering by partnering Amova Asset Management to distribute the afore-mentioned fund denominated in Singdollar. The fund is under Mari Invest Singapore Equity and will be open to the public on April 1 via the MariBank app.
Launched in 1999, the fund invests primarily in equities listed on Singapore Exchange, including non-Straits Times Index (FTSE STI) component stocks, as well as selected overseas-listed equities with similar characteristics. The fund’s investment objective is to achieve medium to long term capital appreciation as well as targeting a monthly distribution of between 5-7 per cent per annum of the NAV per unit for investors.
As such, it invests in companies with high and sustainable dividend yields and those with the potential for strong dividend growth. In addition, it aims to invest in companies that have strong fundamentals but undervalued by the market and in particular, Singapore firms in high growth or emerging sectors such as data, logistics, infrastructure, financial services, technology, and the energy transition.
The addition of the fund expands MariBank’s mass-accessible suite of products which include Mari Invest Gold, Mari Invest Income and Mari Invest SavePlus. According to Maribank, around one in three MariBank customers have invested in at least one of its investment products.
MariBank CEO Natalia Goh says that the digital bank is committed to “lowering barriers” to investment and help customers grow their wealth. “Making investing accessible is core to our mission as a digital bank,” adds Goh. “With just $1 and no transaction fees, customers can now participate in Singapore’s equities market through a long-established dividend-focused fund.”
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The fund is managed by Amova Asset Management which is one of nine appointed managers under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP).
“By combining MariBank’s digital capabilities with our disciplined, income-focused investment approach, we are broadening access to Singapore equities,” says Amova Asset Management President Eleanor Seet. “This synergy not only supports long-term market resilience but also empowers investors through sustainable wealth creation.
In November 2025, Amova shared plans to launch two new Singapore funds under the EQDP. This came after MAS announced the completion of the equities market review group’s work and the release of its final report. MAS also announced the appointment of a second group of six asset managers, Amova being one, which will receive $2.85 billion from the EQDP fund. The first group of three asset managers received a total of $1.1 billion.
