Fokona Latest Questions
Is it advisable to invest in money market mutual funds using two different platforms?
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.
How much is list to start saving using money mutual fund? And can I fit they top it everyday with 1000?
I have 500k at bank, between land and MMF what do you think I can invest on with long term investment
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
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
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
Can one invest in MMMF in a foreign currency such as the dollar?
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