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Money Market Fund

Benefits and features of 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 N10,000 and multiples of N5000 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
  • No withholding tax and no VAT on dividends
  • Opportunity to invest on behalf of minors
  • Online access to your portfolio
  • Professional expertise of Fund Manager
  • Memorandum listing on the Nigerian Stock Exchange (NSE)
  • Separate Accounting/Auditing of each Fund
  • Valuation is done daily

JOSEPH ONYEMA

Head, Group Enterprise Performance Management
Joseph Onyema
Joseph is the Head, Group Enterprise Performance Management at United Capital Plc.
Over the last 16 years, Joseph has worked with and led teams whose responsibilities cut across a major spectrum of technology transformational and retail growth projects and consultancy. Joining the group in 2017, Joseph started out leading the technology team for 5+ years in the position of the Group, Chief Information Officer, a role in which his focus on execution to reposition the business was exemplary, hence leading to increased digital presence, retail growth and improved revenues, with keen focus on our growth during the COVID-19 pandemic where the business was run totally virtual and saw outstanding growth in customers, revenue and profitability.​
Leveraging on his education, performance, experience and spirit of execution, Joseph transitioned to the Group Head, Enterprise Performance Management, where he brings his analytical and technological prowess coupled with his background in managing teams and businesses to bare in monitoring and tracking business units and employees performances, while helping them to improve in their performance and ensuring the group continues to win in all its endeavours.
Before joining United Capital, Joseph headed the Group Technology Operations at Cordros Capital Limited where he transitioned the business from a High Net-worth Individual (HNI) focused business to retail-focused business with total leverage on technology to drive B2C sales across verticals while exploring new markets and partnerships. Prior to Cordros Capital, he had led the Enterprise & Cloud Services team at Soft Solutions Limited, an IT Consultancy firm with a footprint across 15 Nigerian banks on enterprise security, cloud projects, and consultancy where he developed, deployed, and led support teams to manage several financial and FMCG application suites.
A Tony Elumelu entrepreneur from 2016 before joining the group, and a member of the prestigious Beta Gamma Sigma international business honor society, continues to reinvent himself and deliver exceptionally to the United Capital family.