Norrenberger Money Market Fund
Norrenberger Investment & Capital Mgt.
About the fund
The Money Market Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund invests in Nigerian short-term money market instruments such as Federal Government Treasury Bills, Bankers’ Acceptance, Commercial Papers, Certificate of Deposit, and other instruments introduced and approved by the Central Bank of Nigeria (CBN) from time to time.
Fund Information
Min Amount
₦1,000.00
Max Amount
₦100,000,000.00
Yield-to-date
21.11%
Fund Size
100000000
Minimum tenor
1 Months
Maximum tenor
24 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
14th of Jun, 2016
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
18
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
eturn on investment is competitive and tax free. The Fund is open-ended and constituted under a Trust Deed. Quarterly interest payment or reinvestment. Redemption of units within the first 30-day period attracts 20% penalty charge on accrued return. Redemption takes 2-3 working days. Online access available to monitor fund performance. Diversified portfolio in money market instruments. Minimum subscription amount is N5,000.00 and subsequent investment contribution as low as N1,000.00.
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