Can one invest in MMMF in a foreign currency such as the dollar?
Fokona Latest Questions
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 If I withdraw 2k units now, which units get withdrawn first?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
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
I’ve been hearing people talk about something called “Money Market Mutual Fund” in Nigeria, especially as a safer way to grow money compared to leaving cash inside a normal savings account. But honestly, I don’t fully understand how it works.Read more
Example say I invest #10,000 naira in Money Market Equity Fund . And after 90 days and profit of #5,000 is added to initial capital can redeem only #5,000. And reinvest the capital again.
What is the meaning of additional contribution in multiple of #1000 in money market mutual funds
How much is list to start saving using money mutual fund? And can I fit they top it everyday with 1000?
pls which of the mmmf platforms pays higher interest on mmmf.
Please throw more light on money market mutual funds and how compounding works on it.
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?