A mutual fund is a pool of money from different individuals invested and managed by a Fund manager for profit.
A mutual fund is like rice, we have Jollof rice, Coconut rice, Native Rice and co
What distinguishes a mutual fund is what it invests in.
For instance, there is money market mutual fund, equity mutual fund, real estate mutual fund amongst others.
The most popular one is the money market fund. It invests in T-Bills, Govt Bonds and commercial paper.
These are almost risk free instruments meaning your money is safe.
You need as little as N5,000 to open an account. You can top up as you wish. The interest accrues daily.
There are many mutual fund managers in Nigeria today that offer investment opportunities for as low as N5000. Make sure to acquire information about interest rates and redemption policies before you invest.
For business owners, do you know you can also get a money market mutual fund account?
You need N50,000 to open an account. You enjoy the benefits of growing your funds instead of just leaving it in a current account if you have no need for it in the short term
To learn more about the different investment options in Nigeria. You can book our webinar which occurs every Sunday in January at just N10,000
We are hosting a physical class in Lagos, V.I on the 26th of January 10:00am costs N25,000
Click for more guide
#MutualFUND #Fund #Risks #TBills #Bonds #Money #Africa #Millenials #Investment #StartUps #Growth
Courtesy: Oluwatosin M. Olaseinde
A mutual fund is like rice, we have Jollof rice, Coconut rice, Native Rice and co
What distinguishes a mutual fund is what it invests in.
For instance, there is money market mutual fund, equity mutual fund, real estate mutual fund amongst others.
The most popular one is the money market fund. It invests in T-Bills, Govt Bonds and commercial paper.
These are almost risk free instruments meaning your money is safe.
You need as little as N5,000 to open an account. You can top up as you wish. The interest accrues daily.
There are many mutual fund managers in Nigeria today that offer investment opportunities for as low as N5000. Make sure to acquire information about interest rates and redemption policies before you invest.
For business owners, do you know you can also get a money market mutual fund account?
You need N50,000 to open an account. You enjoy the benefits of growing your funds instead of just leaving it in a current account if you have no need for it in the short term
To learn more about the different investment options in Nigeria. You can book our webinar which occurs every Sunday in January at just N10,000
We are hosting a physical class in Lagos, V.I on the 26th of January 10:00am costs N25,000
Click for more guide
#MutualFUND #Fund #Risks #TBills #Bonds #Money #Africa #Millenials #Investment #StartUps #Growth
Courtesy: Oluwatosin M. Olaseinde