Raiz Invest Malaysia is organizing a friend/buddy referral campaign. Each of us get RM5 after topping up just RM5 from your Maybank Account into Raiz Invest. The robo advisor (Raiz Invest) taps into PNB (Permodalan Nasional Berhad)'s variable rate/price funds. This means you get RM10 just putting in RM5. A major prerequisite for signing up is you need to have a Maybank account with a debit card (ATM card).
(💡 Update: This campaign has ended on 30/9/2020 and the reward of RM10 has been reduce to RM5 if you use my referral)
Raiz Invest is a micro savings and miro investing robo advisor app.
All Raiz investment portfolios are investing in unit trust funds managed by Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB).
I wrote an earlier article (detailed) about the Raiz Invest robo advisor app:
I've compiled a table listing the % percentage of management fees you would be paying if you invested below RM6,000. Under RM6,000, your management fee is RM1.50 per month which turns out to be RM18 per year already. You will notice you are paying higher management fees at investments less than RM6,000.
The management fees below 1% is quite low as compared to what mutual fund/unit trust companies charges which are in excess of 1% (around 1.5%) depending on the fund type. Do note that while at 0.3%, the management fees charged is the lowest of all robo advisors in the market (eg Stashaway, Wahed Invest, MyTheo, Akkru), it's investment instrument is PNB variable price funds which is actually unit trust funds that incurs its own management cost while the typical robo advisor's investment instrument is low cost ETFs. Having said that low cost ETFs also have their own risks particularly those US denominated ETFs where you have an additional forex risk (eg changes in RM/USD exchange rates) and US investment related laws like dividend withholding tax.
What I would want to highlight on is do not put in below RM1,000 as the management fees will be very high and erode your principle investments. In theory you can start with just an investment of RM5, however, after month 2, what you have left in your account will be RM2 only because there is management charges of RM3 (RM1.50+RM1.50).
Why Raiz Invest ?
Use it like a digital savings for pocket money but start with big initial investments (~RM1,000-RM2,000) because the management fees is very expensive if you start with a small initial investment.
You believe in the strength and potential in the Malaysian Stock Market (KLCI now only a 1,500 points range and is at a historically low level)
The management fees comparison between various robo advisors in Malaysia :
Wahed Invest :
0.8% p.a. fees for RM100 – RM499K
0.4% p.a. fees for RM500K and above
Stashway :
0.8% p.a fees for RM 50K
0.7% p.a fees for RM 50K to RM 100K
MyTheo :
1.% p.a fees for RM 30K
0.9% p.a fees for RM 30k to RM 100K
👉Raiz Invest *note - behind is buying PNB unit trusts
0.0.25% p.a above RM 6K
Akru (2020 Made in Malaysia robo advisor)
0.7% fess for RM100K
FSMOne Managed Portfolio :
1% p.a fees
1.25% sales fees
The returns on PNB variable rate/price funds so far (Sept 2020) from Raiz Invest Malaysia's email newsletter are as below :
Just in 1 month, more than 1 million ringgit is being input to be managed.
