Stashaway Simple is an underlying fund, comprising the LionGlobal SGD Money Market Fund (MMF) and LionGlobal SGD Enhanced Liquidity Fund (ELF) SGD Class I Acc. The capital will be split (50/50) between the 2 funds. Benefits: -No lock-up period -Withdraw anytime -No management fee from Stashaway -No min. amount to invest -Suitable to park spare cash -Access to ELF Institution fund Class fee (lower expense ratio) -Rebates every quarter Downside: -Not insured for the $75,000 deposit by SDIC. -ELF is relatively new in the market with an inception date from Dec 2018. -Need more education/awareness from Stashaway about what is a money market fund. Potential risk: The projected return (1.9% p.a) is based on Stashaway's calculation which means future returns may fluctuate and adjust to prevailing market rate. Hence, the 1.9% is not always 1.9% over the duration. As of 18 Nov 2019, the return calculation is 1.885% p.a. The 1.9% is just a round up number. Link: https://www.stashaway.sg/faq/360038638114-how-is-stashaway-simple-projected-rate-calculated The elephant question: Should I invest???? Yes? Suitable for investors or heavy savers with max out cap limit on their bank deposits. As such, make use of the spare cash to maximise returns or plan for short term goals (e.g vacation trip or birthday party). Lower risk than the stashaway income portfolio product. No? Not for high-return seeking investors. Absolutely not fit for day-traders. This is a money market fund. Not a forex exchange. Not covered by SDIC so if the 2 funds were to default, investors loose completely their investment. Low risk but not zero risk.