FBN Money Market Fund

FIRST ASSET MANAGEMENT

At A Glance

FBN Money Market Fund, managed by First Asset Management, is a low-risk, open-ended money market fund designed to preserve capital and deliver competitive, stable returns. It primarily invests in high-quality, short-term instruments such as Treasury bills, commercial papers, bankers’ acceptances, and certificates of deposit, with recent gross yields around 21–22% annually, outperforming most savings accounts. 

 

 

Invesment Typemoney market fund
Risk LevelMedium
Fund ManagerFirst Asset Management
Yield - to -Date21.77%

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 Money Market Fund has clear advantages and limitations:

Pros
Stable, high yields (~21–22% p.a.), significantly above standard savings rates 
Minimal volatility, designed to protect your capital 
High liquidity, with redemptions often processed within 24–48 hours 
Low entry barrier, from as little as ₦5,000  
Cons
Limited capital growth, not suitable for long-term wealth creation 
Yield fluctuations, tied to changing money market rates 
Quarterly income distributions may delay access to funds 
Narrow investment scope, focused only on short-term instruments 

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

In Nigeria’s current interest rate environment, the FBN Money Market Fund stands out by offering both attractive yields and liquidity, making it a smart alternative to fixed deposits or traditional savings accounts—especially for savers who want both safety and return.

 

How to Get Started

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

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Fill Out Your Details

Complete a short application form with your personal and banking information.

Fund & Start Earning

Transfer your money securely and start earning returns — typically within 24–48 hours.

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FAQs - FBN Money Market 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 Money Market 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, you can redeem your investment anytime. Redemptions are typically processed within 24-48 hours after submitting your redemption request and returning your electronic certificate to the fund manager.
How much do I need to start?
The minimum initial investment is ₦5,000, with subsequent investments of ₦1,000 or more. This makes it accessible to a wide range of investors looking for higher returns than traditional savings accounts.

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 “First Asset Management” 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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