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Abasi-ifreke Obot
Asked: 2026-06-22T16:59:51+00:00 In:

Can I Top Up My Money Market Mutual Fund Investment Monthly in Nigeria?

I had invested 5,000 naira in a money market mutual fund early this month. Can I engage in a monthly top up of 5,000 on the existing investment while it’s still on its 90 days holding period.

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2 Answers

  2. Ochoyoda
    Community Builder

    Yes, in most Nigerian Money Market Mutual Funds, you can top up your investment at any time, even if your initial ₦5,000 investment is still within a 90-day holding period. However, there are two important things to check: The fund manager's specific rules Some money market funds allow unlimited addRead more

    Yes, in most Nigerian Money Market Mutual Funds, you can top up your investment at any time, even if your initial ₦5,000 investment is still within a 90-day holding period.
    However, there are two important things to check:
    The fund manager’s specific rules
    Some money market funds allow unlimited additional purchases.
    Others may have minimum top-up amounts (e.g., ₦1,000, ₦5,000, or ₦10,000).
    How the holding period is applied
    In many funds, each new contribution is treated as a separate purchase date for record purposes.
    The original ₦5,000 continues earning returns from its original investment date, while the new ₦5,000 starts earning from the date it is added.
    Example
    June: Invest ₦5,000
    July: Top up ₦5,000
    August: Top up ₦5,000
    Your total investment becomes ₦15,000, and all contributions earn returns according to the fund’s daily valuation and yield calculations.
    If You’re Using Stanbic IBTC, Afrinvest, Meristem, ARM, or Similar Funds
    Monthly top-ups are generally a normal and encouraged practice. Many investors use money market funds as a recurring savings and investment vehicle by adding funds monthly.
    Which money market mutual fund did you invest in (Stanbic IBTC, Afrinvest, ARM, Meristem, etc.)? I can tell you the exact top-up process and whether the 90-day period affects additional contributions.

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