What Is the Minimum Holding Period Before Redeeming a Money Market Fund Investment?

For the Chapel Hill Denham Money Market Fund available through investnaija.com, the stated minimum holding period is 30 days.
If you redeem before 30 days
The fund’s terms indicate a 30-day minimum holding period. Some Nigerian money market funds impose penalties on accrued returns when investors redeem within that period.
If you redeem after 30 days
You are generally entitled to the return that has accrued on your investment during the period you were invested, subject to the fund’s pricing and distribution rules. The fund is designed to provide liquidity and allows investors to enter and exit relatively easily after the minimum holding period
Example
Suppose you invest:
₦100,000 on June 1
Redeem on July 2 (31 days later)
You would normally receive:
Your principal (₦100,000), plus
The return accrued during those 31 days
The exact amount depends on the fund’s prevailing yield during that period and how returns are calculated and distributed. Money market fund returns are not fixed like a bank fixed deposit; they fluctuate with market conditions.
Practical takeaway
Minimum holding period: 30 days.
After 30 days: You can redeem and receive your principal plus accrued returns.
Redemption processing: Many Nigerian money market funds settle redemptions within about 2–3 working days.