FBN Balanced Fund

FIRST ASSET MANAGEMENT

At A Glance

FBN Balanced Fund, managed by First Asset Management, is a medium-risk, open-ended balanced mutual fund designed to provide capital growth and downside protection. It offers diversified exposure across equities with recent year-to-date returns of 32.14% (2024), significantly outperforming its benchmark which returned 14.22% for the same period. 

 

 

 

Invesment Typebalanced fund
Risk LevelMedium
Fund ManagerFirst Asset Management
Yield - to -Date34.47%

Strategy & Asset Allocation

This Money Market Fund is designed to preserve capital and deliver steady income with minimal risk. It invests in high-quality, short-term instruments to ensure liquidity, safety, and competitive returns.

Asset Type
Amount (₦)
Treasury Bill
~39% (range: 25%–80%)
Commercial Papers
~1% (range: 0%–15%)

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Pros and Cons

Investing in the FBN Balanced Fund has clear advantages and limitations:

Pros
Strong historical performance, outperforming the benchmark by nearly 18%
Diversified portfolio, reducing risk through exposure to multiple asset classes 
Annual income distributions provide regular returns to investors 
Moderate risk profile, suitable for investors seeking growth with some protection 
Cons
Higher minimum investment (₦50,000), compared to money market funds 
Medium risk level, subject to equity market volatility 
90-day minimum holding period, less liquid than money market funds 
Annual distributions only, less frequent than quarterly payouts 

Fees & Charges 

This Money Market Fund is designed to preserve capital and deliver steady income with minimal risk. It invests in high-quality, short-term instruments to ensure liquidity, safety, and competitive returns.

Fee Type
Amount / Range
Management Fee
1.25% per annum
Exit Fee
20% of income if redeemed before 30 days
Bank Placements
~60% (range: 10%–75%)

Who Should Consider This

This investment is ideal for people who want low-risk growth and easy access to their money.

  1. 1.
    Savers Looking to Earn More: Instead of leaving your money idle in a bank account, this helps it grow — with better returns than typical savings.
  2. 2.
    Short-Term Planners: Perfect if you're saving for something soon — like rent, school fees, or a business expense.
  3. 3.
    First-Time or Cautious Investors: If you're new to investing or just want to play it safe, this option offers stability and peace of mind.
  4. 4.
    Professionals with Idle Cash: Have spare funds sitting for a few months? This helps you make the most of that cash without locking it away.

nairaCompare Insight

The FBN Balanced Fund offers an excellent middle ground for Nigerian investors seeking growth without excessive risk. With its strategic allocation across equities (particularly in financial services, industrial goods, and agriculture sectors), bonds, and money market instruments, it provides both capital appreciation potential and defensive positioning—ideal for medium-term investors with a 3-5 year investment horizon. The fund's consistent track record since 2008 and strong recent performance make it a compelling option for investors looking to beat inflation while maintaining a balanced risk profile.

 

How to Get Started

Here’s how you can begin investing in the ARM Money Market Fund and earning returns:

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FAQs - FBN Balanced Fund

We answered some questions, so you don't have to ask them

Is my money safe with FBNQuest?
Yes, the company is a SEC-licensed subsidiary of FBNQuest Merchant Bank (part of First Bank Group) and is rated A+ by Agusto & Co. The fund invests only in high-quality, government-backed securities and commercial papers from rated Nigerian banks.
How do I invest in the FBN Balanced Fund?
You can invest through the nairaCompare platform. Simply click on the “Invest” button above, and you will be redirected to the provider’s site, which has detailed instructions on the fund’s requirements and methods.
Can I withdraw anytime?
Yes, but there's a 90-day minimum holding period. After 90 days, you can redeem your investment with redemptions typically processed within 3-5 business days. Units redeemed earlier than the minimum holding period will incur a processing fee of 20% on the income earned.
How much do I need to start?
The minimum initial investment is ₦50,000. This makes it accessible to mid-level retail investors looking for a balanced approach to wealth creation with exposure to both equity growth and fixed income stability.

About First Asset Management

First Asset Management, a subsidiary of FBNQuest Merchant Bank and part of the First Bank Group, is a SEC-licensed asset manager rated A+ by Agusto & Co. The fund’s strong AUM growth reflects both investor confidence and market presence. The name is the unified brand identity for the Merchant Banking and Asset Management businesses of FBN Holdings Plc, and part of the strong heritage of one of the leading financial service groups in sub-Saharan Africa.

CONTACT ADDRESS

10 Keffi St, Ikoyi, Lagos, Nigeria, Lagos, Lagos State

WEBSITE

https://fbnquest.com/

PHONE NUMBER

708 062 6000-4

EMAIL ADDRESS

ccu@fbnquestmb.com

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