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
