Meristem Fixed Income Fund

Meristem Wealth Management

About the fund

Medium Risk
Fixed Income Fund

The Meristem Fixed Income Fund is Authorized and Registered in Nigeria as an Open-Ended Mutual Fund and proceeds of the issue shall be invested in naira denominated Fixed Income Securities issued by the Federal Government of Nigeria (FGN), Nigerian Top Tier Banks, and other qualifying Corporates whose securities are registered with the Commission as may be decided by the investment committee. The offer size is NGN5,000,000,000 (offer for subscription of 50,000,000 units of NGN100 each at par).

Fund Information

Min Amount
₦50,000.00
Max Amount
₦100,000,000.00
Yield-to-date
16.53%
Fund Size
188bn
Minimum tenor
3 Months
Maximum tenor
60 Months
Permit top-up
Yes
Permit roll over
Yes
Roll-over type
Principal plus Interest, With Top-up
Permit Early termination
Yes
Management fee
1.5%
Processing time
48 Hours
Launch date
3rd of Aug, 2008
Status of fund
Open Ended
Transaction fee
N/A
Expense ratio
N/A
Age limit
18 - 65 years
Provider's page
view provider
Nature of fund
Short Term Instrument
Fund manager
N/A
Product available in
Nigeria
States present
37
Requirements
Active and valid phone number
Valid Residence or Work Permit (Foreigners).
Bank Verification Number (BVN)
A valid proof of Identity of each signatory (current Driver's License/ National ID/ International passport/ Student ID card-for students)
Valid proof of residence
How to invest

Click on the button to begin your investment journey

Calculator

Please note that whatever you calculate is just an estimation

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Investment Summary
Risk profileMedium
Tenor (months)3
Annualized year to date return16.53%
Projected return₦NaN
Total investment return₦NaN
How to earn

Fixed income mutual funds allow investors to spread their money across different types of securities, reducing the risk of having all their investments in one security.

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