One of our Community Members Ask this Question to Mr. Iking Ferry Good day sir, I have been trying to understand something about money market mutual funds in Nigeria, and I’m a bit confused. I noticed that: Some banks ...Read more
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Please throw more light on money market mutual funds and how compounding works on it.
What is the meaning of additional contribution in multiple of #1000 in money market mutual funds
One of our Community members ask: Good day sir, I want to understand how interest rates work in money market mutual funds in Nigeria. For example: If I invest ₦5,000 in a money market mutual fund when the interest rate ...Read more
Does money market fund interest rate differs? I mean does it depend on the investment company you invest with? What I thought was it’s uniformed until I saw two different rates from two investment company. Kindly enlighten me more. Thank ...Read more
Can one complain when no interest has been given to her money market fund account for some time?
We understood that if any bank collapses, NDIC, will offset, N5m from the deposit if it more that I and the remaining will have to take time, if it’s going to be recovered. What it is process of retrieving customer ...Read more
How can I automate my money market fund investment deposit.
Actually, I am a beginner. I would like to know what this money market mutual funding is all about. How do I go about it? What are the risks in money market mutual funding? What are the benefits in money market ...Read more
As a beginner I would like to know the best place to invest between equity and Money Market Mutual Fund
Can I save a certain amount monthly on mmf like savings account or I have to keep a sum of money once in the MMF sir?