Legacy Money Market Fund

FCMB Asset Management

At A Glance

Legacy Money Market Fund (First City Asset Management), managed by FCMB Asset Management, is a low-risk, naira-denominated money market fund that invests in short-term instruments such as Treasury Bills, commercial papers, and bank placements. Designed for capital preservation, liquidity, and steady income, the fund is SEC-regulated and rated A+(f) by Agusto & Co. It typically delivers competitive returns in the ~20–24% annual range, offering investors a higher-yield alternative to traditional savings accounts.

 

Invesment Typemoney market fund
Risk LevelMedium
Fund ManagerFCMB Asset Management Limited
Yield - to -Date19.48%

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
25% – 95% – Government-backed, low risk
Other Money Market Instruments
5% – 75% SEC-approved short-term instruments

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Pros and Cons

Investing in the Legacy Money Market Fund has clear advantages and limitations:

Pros
High liquidity for short-term needs
Tax-efficient yields above typical savings rates 
Skilled fund management with strong credentials 
Low initial investment threshold (₦1,000) 
Cons
Limited capital growth—not suitable for long-term investments 
Quarterly distributions may delay income 
Sensitive to yield fluctuations in money markets 
Exclusively money market exposure 

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
1.5% of NAV annually

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

Legacy MMF is an excellent alternative to traditional savings by offering tax-free, superior returns in a liquid, low-risk vehicle, ideal for short-term goals and cash management. 

 

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 - Legacy Money Market Fund

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

Is my money safe with the Legacy Money Market Fund?
The Legacy Money Market Fund, managed by FCMB Asset Management Limited, invests in high-quality short-term instruments, including Treasury Bills, commercial papers, and bank placements. The fund is regulated by the Securities and Exchange Commission (SEC) in Nigeria and is designed to prioritise capital preservation, liquidity, and low risk. While all investments carry some risk, money market funds are generally considered one of the safest investment options in Nigeria.
How do I invest in the Legacy Money Market Fund?
You can invest in the Legacy Money Market Fund by completing an investment application through an authorised platform such as nairaCompare. Once your details are verified and the minimum investment amount of ₦1,000 is funded, your investment is processed, and units are allocated to you.
Can I withdraw anytime?
Yes. The Legacy Money Market Fund is open-ended, meaning investors can redeem their units when needed. Withdrawal requests are typically processed within about 24 hours, making it suitable for investors who want liquid, short-term investments.
How much do I need to start?
The minimum investment amount is ₦1,000, making the Legacy Money Market Fund accessible to both new and experienced investors. Investors can also top up their investment anytime to grow their portfolio.
What returns can I expect from the Legacy Money Market Fund?
The Legacy Money Market Fund aims to deliver steady income with low risk by investing in short-term money market instruments such as Treasury Bills and high-quality commercial papers. Returns vary depending on prevailing interest rates in the Nigerian money market, but the fund currently offers a yield-to-date of about 19.48%, which is typically higher than many traditional savings accounts.

About FCMB Asset Management

The Legacy Money Market Fund (LMMF) is a low-risk, open-ended, Nigerian Naira- denominated mutual fund that invests in Money Market Instruments. It is registered with the Securities and Exchange Commission, Nigeria. The minimum subscription is 1,000 units at the prevailing market price per unit. With the Legacy Money Market Fund (LMMF), you can invest for the short, medium, or long term, towards your financial goals and get a competitive return.

CONTACT ADDRESS

5th Floor, First City Plaza,44 Marina, Lagos State, Nigeria. P.O.Box 9117

WEBSITE

https://www.fcmbassetmanagement.com/index/

PHONE NUMBER

09078190798

EMAIL ADDRESS

fcmbamcustomercare@fcmb.com

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