Please throw more light on money market mutual funds and how compounding works on it.
Fokona Latest Questions
What’s the difference between MMMF and GOVERNMENT BONDS?
Can one invest in MMMF in a foreign currency such as the dollar?
If I put #4000,000.00 into MMMF on investnaija. How much will I get on a monthly basis?
I opened an MMMF account 2 years ago not because I knew what I was doing but because a marketer told me to do so. Learning from Fokona website and following Iking Ferry on Facebook has helped enlighten ...Read more
aside from stanbic which other investments platform that is recommended for money market mutual fund just like stanbic that has an app and your investments can be monitored?
According to 1 of your post I saw on Facebook I downloaded the investnija app and put 5k in it got my cscs number and all that but I find it hard to invest it in mmf. I can’t navigate ...Read more
Hello, I want to say thank you for your teachings has helped me and I now see my money grow and yielding profits. I saw mutual funds on Palm pay app. Please sir, can you kindly confirm if it’s same ...Read more
Let’s say I bought 10k units 5 months ago, and I bought another 5k units last week. If I withdraw 2k units now, which units get withdrawn first? Will I be penalized given that only 5k of my units ...Read more
What Is a Money Market Mutual Fund and How Does It Work in Nigeria?