Money Market Fund
The Money market fund is a low-risk investment vehicle that allows you to invest and get quarterly dividends. It offers easy entry and exit, and redemption within 24 hours.
The Fund allows you to invest in high quality money market instruments like Treasury Bills and Certificates, Commercial Papers and Banker's Acceptance. It also provides high liquidity, preservation of capital and moderate-income generation. Such funds are appropriate for corporate and individual investors as a means to enjoy good returns on their idle funds.
Benefits and Features of Money Market Fund:
Start with a minimum of just ₦10,000 and multiples of ₦5000 thereafter
Low-risk and competitive return
Quarterly dividends
High liquidity (24-hour redemption)
Minimum holding period of 90 days
Funds are open-ended
Free entry and exit
Opportunity to invest on behalf of minors
Online access to your portfolio
Professional expertise of Fund Manager
Memorandum listing on the Nigerian Exchange (NGX)
Separate Accounting/Auditing of each Fund
Valuation is done daily