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A mutual fund is a pool of money from different individuals invested and managed by a Fund manager for returns.
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.
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.
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. Make sure to acquire information about interest rates and redemption policies before you invest.
There are many mutual fund managers in Nigeria today. 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
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
