Maya, a digital banking app, now offers an opportunity for users to embark on their investment journey with as little as P50, with the introduction of Maya Funds.
Maya has partnered with Seedbox Philippines, a digital marketplace for financial products, to unveil Maya Funds, which serves as a gateway to a multitude of investment opportunities within the digital banking ecosystem.
“We’re thrilled to roll out Maya Funds, an integral part of our Maya all-in-one digital banking experience,” said Shailesh Baidwan, group president at Maya and co-founder of Maya Bank. “This new feature perfectly aligns with our mission to empower Filipinos by offering convenient and accessible financial opportunities.”
Maya enables its app users to manage all their financial needs including investing, saving, spending, and borrowing at no extra fees. Management fees from Maya’s partners are seamlessly integrated into the fund’s Net Asset Value Per Unit (NAVPU), ensuring transparent growth for investments.
Local and global funds
Through Maya Funds, consumers gain access to 13 carefully selected local and global funds, which include Unit Investment Trust Funds (UITFs) managed by ATRAM Trust Corp, the first standalone trust corporation in the Philippines. Potential investors can also opt for Mutual Funds (MFs) managed by BIMI, a wholly owned subsidiary of the Bank of the Philippines Islands (BPI).
These options provide flexibility and diversity in investment strategy, all while assuring regulatory oversight from the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC).
Maya Funds caters to various types of investors. New investors can consider options such as the ATRAM Total Return Peso Bond and ALFM Money Market Fund, with a minimal investment of just PHP 50.
For those seeking higher risk and reward, they can choose the ATRAM Global Consumer Trends Feeder Fund and ATRAM Global Infra Equity Feeder Fund, with a minimum investment of P1,000.
The ATRAM Global Equity Opportunity and ATRAM Global Technology Feeder Fund require minimum investments of P1,000 and P50, respectively.