This mutual fund is for investors who value liquidity and security of assets. It is open-ended and constituted under a Trust Deed. The Fund invests in low risk short-term securities such as Government securities, Bank placements and others including Commercial Papers and promissory notes.
Features & Benefits
• Preserves and grows capital
• Steady stream of income
• Open to both resident and foreign investors
• Quarterly distribution of returns or reinvestment of same
• Unit holders return on investment is tax free
• Capital gains from redemption of units by unit holders are tax free
• Minimum subscription amount: N10, 000.