This is normal with ARM Aggressive Fund (and most mutual funds). The difference you’re seeing is usually due to fees and pricing mechanics. Here’s the breakdown:
Why Your ₦50,000 Became ₦48,560
There are 3 main reasons:
1. Entry / Initial Charges (Most Likely Reason)
Some mutual funds — especially Aggressive/Equity funds — may apply:
Initial charge (Entry fee)
Transaction cost
Stamp duty (sometimes)
Example:
You deposited = ₦50,000
Entry charge (about 2–3%) ≈ ₦1,440
Invested amount = ₦48,560
This is very close to what you’re seeing.
2. Unit Price (NAV) Movement
Mutual funds don’t credit money as cash balance. Instead, they:
Convert your money into units
Based on NAV (Net Asset Value)
If the market dropped slightly when your purchase was processed, your value may start slightly lower.
Since ARM Aggressive Fund invests in:
Stocks
Equities
High-risk assets
The price moves daily — up or down.
3. Fund Management Fees (Usually Deducted Daily)
Most funds deduct:
Management fee
Administrative fee
These are usually small and deducted gradually, not all at once.
What You Should Do Now
Check these 3 things in your ARM dashboard:
Transaction details
Unit price (NAV)
Number of units allocated
You’ll likely see something like:
₦50,000 deposited
₦48,560 invested
Balance shown as units value
Important Note (Since You’re Building Your Investment Strategy)
Because Aggressive Funds fluctuate, they are:
Best for long-term (2–5 years)
Not ideal for short-term holding
Since you’ve previously mentioned you’re investing amounts like ₦100k and topping up monthly, this fund is good — but it should be only part of your portfolio, not all.
A safer structure:
50% Money Market Fund (stable)
30% Aggressive Fund (growth)
20% Balanced / Bond Fund (moderate)
This reduces risk while still growing your money.