Vetiva Money Market Fund

Vetiva Fund Managers

About the fund

Low Risk
Money Market Fund

A. The Vetiva Money Market Fund (“the Fund” or “VMMF”) is a collective investment scheme, registered with the Securities and Exchange Commission (SEC), that invests in a variety of liquid short-term money market instruments in Nigeria such as Government Treasury Bills, Commercial Papers, Bankers’ Acceptance, Certificate of Deposit and other instruments introduced and approved by the Central Bank of Nigeria (CBN) from time to time. The fundamental objective of the Fund is to preserve investors’ capital whilst providing liquidity and competitive returns (current income) on its assets by investing in a diversified portfolio of money market instruments.

Fund Information

Min Amount
₦5,000.00
Max Amount
₦1,000,000,000.00
Yield-to-date
20.29%
Fund Size
1000
Minimum tenor
30 Months
Maximum tenor
365 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
4th of Jun, 2018
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
Shot term intrument
Fund manager
N/A
Product available in
Nigeria
States present
29
Requirements
Formal Application on letterhead and duly completed loan application form
Four (4) passport photographs and Biometrics Verification Number (BVN)
International Passport
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 profileLow
Tenor (months)30
Annualized year to date return20.29%
Projected return₦0
Total investment return₦0
How to earn

A. The Vetiva Money Market Fund (“the Fund” or “VMMF”) is a collective investment scheme, registered with the Securities and Exchange Commission (SEC), that invests in a variety of liquid short-term money market instruments in Nigeria such as Government Treasury Bills, Commercial Papers, Bankers’ Acceptance, Certificate of Deposit and other instruments introduced and approved by the Central Bank of Nigeria (CBN) from time to time. The fundamental objective of the Fund is to preserve investors’ capital whilst providing liquidity and competitive returns (current income) on its assets by investing in a diversified portfolio of money market instruments.

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