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 If I withdraw 2k units now, which units get withdrawn first?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
Fokona Latest Questions
I have 500k at bank, between land and MMF what do you think I can invest on with long term investment
Is it possible to become a billionaire within 20 years, if I invest 100k monthly on Money Market Mutual Fund and with a one-time Investment Capital of ₦5million Naira.
Money Market Mutual Fund is said to be a pool investment managed by professional fund managers, who invest in low risk short terms instruments like Treasury Bills, FGN Bond, Commercial paper between 13% – 15% depending on the type. If pooled ...Read more
Good day, I would appreciate some clarification regarding investments in Money Market Mutual Funds. Assuming I invest in a Money Market Mutual Fund for a period of 3 to 10 years and receive dividends either quarterly or annually, how are those dividends ...Read more
pls which of the mmmf platforms pays higher interest on mmmf.
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
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