FBN Money Market Fund
FIRST ASSET MANAGEMENT
About the fund
The Fund seeks to preserve capital and maximize income by offering access to a diversified range of low-risk money market instruments in Nigeria. The Fund also provides liquidity and competitive returns. The fund offers higher interest rates when compared to rates on bank savings accounts; provides customers with stability, liquidity, and income
Fund Information
Min Amount
₦5,000.00
Max Amount
N/A
Yield-to-date
21.77%
Fund Size
452bn
Minimum tenor
1 Months
Maximum tenor
12 Months
Permit top-up
Yes
Permit roll over
Yes
Roll-over type
Principal plus Interest
Permit Early termination
Yes
Management fee
1.5%
Processing time
48 Hours
Launch date
23rd of Sept, 2012
Status of fund
Open Ended
Transaction fee
N/A
Expense ratio
N/A
Age limit
18 - 70 years
Provider's page
view provider
Nature of fund
Short Term Instruments:
Fund manager
N/A
Product available in
Nigeria
States present
37
Requirements
How to invest
Click on the button to begin your investment journey
Calculator
Please note that whatever you calculate is just an estimation
How to earn
Return is earned daily depending on the prevailing rate and distributed quarterly. Customer can opt for rollover of interest or payout
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