INVESTMENT
Money Market Funds in Nigeria
Grow your wealth with smart money investments
Compare Money Market FundsWhat are Money Market Funds?
The money market serves as a bustling marketplace where short-term borrowing, lending, buying, and selling of highly liquid financial instruments take place. These instruments, ranging from Treasury bills to commercial paper, are known for their safety, reliability, and shorter maturity periods. Designed to accommodate investors with varying goals, the money market offers a secure haven for parking surplus funds and achieving financial objectives on a shorter timeline.
Money market fund calculator
Money Market Fund Resources
Article
Top 10 Crypto Apps That Work with ...
Cryptocurrency has become a major part of the financial world, offering new opportunities ...
Article
How to Choose Wisely: Building a ...
Investing is more than just a way to grow wealth—it's a strategic journey that requires ...
Our Top Picks
United Capital Money Market Fund
United Capital
3.0/5 Lorem ipsum dolor sit amet, consectetur adipiscin
₦10,000
Minimum price₦100,000,00
Maximum price10.23%
YTD returnsN/A
Management feeARM Money Market Fund (MMF)
ARM Investment Managers
3.0/5 Lorem ipsum dolor sit amet, consectetur adipiscin
₦1,000
Minimum price₦100,000,000
Maximum price10.73%
YTD returns1.0%
Management feeStanbic IBTC Money Market Fund
Stanbic IBTC Bank
3.0/5 Lorem ipsum dolor sit amet, consectetur adipiscin
₦5,000
Minimum price₦500,000,000
Maximum price11.53%
YTD returns1.0%
Management feeEditor's Picks
Frequently Asked Questions
We answered some questions, so you don't have to ask them
What is the minimum investment required for a money market fund?
The amount of money you need to start investing depends on the type of investment you choose. The minimum investment requiredThe minimum investment required for a money market fund can vary depending on the fund and the financial institution offering it. Typically, money market funds aim to accommodate a range of investors, making them accessible to those with varying investment budgets. Be sure to review the fund's details to determine the minimum amount needed to start investing and enjoy the benefits of a stable and liquid investment option. for a money market or fixed income fund varies by provider, but it is generally low, often ranging from ₦5,000 to ₦50, 000.
What are the benefits of Money Market investments?
Money Market investments are considered safe and low-risk, making them ideal for conservative investors. They offer liquidity, meaning you can access your funds quickly, and they often provide a higher return than traditional savings accounts, albeit with limited potential for growth
Are Money Market investments insured and safe?
While Money Market investments are generally considered safe because they invest in low-risk debt securities with short maturities, they are not insured by the FDIC (Federal Deposit Insurance Corporation) like traditional bank deposits. However, certain government-backed instruments may carry an implicit government guarantee. Like all investments, there is a degree of risk involved. The value of a money market fund can fluctuate, although it is rare for the value to deviate significantly from the fund's net asset value.
How do interest rates affect the Money Market?
Interest rates play a significant role in the Money Market. When interest rates rise, yields on Money Market investments may increase, making them more attractive. Conversely, when rates fall, Money Market yields may decrease. Investors closely monitor interest rate trends to optimize their returns in this market.
How does investing in the Money Market work?
Investing in the Money Market involves purchasing short-term instruments issued by governments, banks, and corporations. These investments provide a relatively low but stable return, making them suitable for preserving capital and earning modest interest over a short time frame.
What our users say about us
See all reviewsTobi Adelana
Thank you for the excellent service being rendered to your customers. Your financial advice and services have been highly helpful and are well appreciated. Thank you and keep up the good work.
October, 2024
Wandoo Yaji
Discovering your company on Google was truly a blessing when I urgently needed financial assistance. nairaCompare efficiently connected me with the best loan company, and I secured a loan within just three days! The process was remarkably smooth.
October, 2024
Promise Ndah
No stress at all, thank you very much, really appreciate.
October, 2022
Isreal Okorocha
I love the fact that nairaCompare has different products to choose from.
March, 2024
Stay in the know!
Sign up for our newsletters on exclusive financial offers
By continuing, you agree to our Terms & Conditions and Privacy Policy.