Empower Your Investment Journey in Nigeria

The Fundvine Money Market Fund is an open-ended mutual fund registered with the Securities and Exchange Commission (SEC) that invests in high-quality short-term money market instruments such as Treasury Bills, commercial papers, and bankers' acceptances to provide steady returns, capital preservation, and liquidity to investors.

The minimum investment is 50,000 units at ₦1.00 per unit, which equals ₦50,000. Additional investments must be in multiples of 5,000 units (₦5,000).

The minimum holding period is 90 calendar days from the date of purchase. If you redeem your units before 90 days, you'll be charged a fee equal to 20% of the income earned on the units redeemed.

You earn quarterly distributions from the net investment income generated by the fund's portfolio. You can choose to receive these distributions as cash transferred to your bank account or reinvest them to purchase additional units, allowing your investment to grow through compounding.

You can redeem all or part of your units on any business day by submitting a redemption notice. Your redemption will be processed and payment made within 5 business days. However, remember that early redemptions (before 90 days) attract a penalty fee.

The fund charges an annual management fee of 1.5% of Net Asset Value (accrued daily, paid quarterly) and total expenses capped at 3.5% of NAV per annum. An incentive fee of up to 20% of excess returns is charged only when the fund outperforms its benchmark (90-day Treasury Bill rate). If the fund underperforms, the management fee decreases proportionally.

The fund invests in high-quality, low-risk short-term money market instruments with a maximum maturity of 366 days and maintains at least 25% allocation to Federal Government securities. The fund has a 'BBB' risk rating from Data Pro, indicating minimal credit risk. However, all investments carry some level of risk, and capital values may fluctuate.

Yes, foreign currency subscribers can make payments in US Dollars through UBA Plc. Your bank will provide the applicable exchange rate on the payment date, and you'll receive a Certificate of Capital Importation (CCI) to enable future repatriation of dividends or sale proceeds in freely convertible currency.

You'll receive a Statement of Unitholding by email or registered post within 10 business days of subscription. This statement serves as evidence of your ownership and shows the number of units you hold in the fund.

The fund is managed by Fundvine Berkshire Asset Management Limited (a SEC-licensed fund manager), with Meristem Trustees Limited serving as Trustee to protect unitholders' interests, and United Bank for Africa Plc acting as Custodian to safekeep all fund assets. This three-party structure ensures proper checks and balances for investor protection.