Own Your Future with
PAGE MONEY MARKET FUND
It's time to grow your wealth and begin the journey to Financial Independence
- Minimum initial investment amount: N10,000
- minimum subsequent investment amount: N1000
- minimum holding period: 30 days
- Fund rating: Bbb(f) by Agusto and co.
Product Description
Page Money Market Fund (PMMF) is a low risk, open-ended mutual fund that invests in Money Market Instruments. The Fund can invest up to 100% in Treasury bills. Its performance is benchmarked against the weighted average yield of the 90-day Treasury bill. The Fund is targeted at individual, as well as institutional investors. The Fund’s primary objective is to preserve capital, and its secondary objective is to generate stable income for investors. The Fund is rated Bbb(f) by Agusto & Co. Liquidity is guaranteed, as the Fund Manager provides daily bid and offer prices.
Features:
- Product currency: Nigerian Naira (NGN)
- Country of domicile: Nigeria
- Fund investment objective: To preserve capital and generate income
- Fund rating: Bbb(f) by Agusto & Co
- Benchmark: Weighted average yield of the 90-day Treasury bill
- Minimum credit-risk rating of instruments in the Fund: A- / A3
- Currency risk: Zero
- Minimum initial subscription: 10,000 units at N1 per unit (N10,000)
- Minimum additional: 1,000 units at N1 per unit (N1,000)
- Minimum Investment Period: 30 days
- Interest Payment cycle: Quarterly, or at point of exit, if less than 3 months
- Entry/Exit fee: Nil / 25% of interest earned, if less than 1 mont
- Settlement/Redemption: Between 1 to 5 working days
Benefits:
- Skilled and professional fund management
- Opportunity for capital protection and stable income
- Excellent means of ensuring liquidity and earning income, including on idle funds
- Convenient way of saving towards short, medium or long-term goals
- Standing order option automates regular saving process
- Income earned on investments is paid quarterly or at point of exit, if less than 3 months
- Proceeds to investors, at the point of exiting the Fund, are tax-free
- Fund is rated investment grade Bbb(f) by Agusto & Co
- Benchmark (weighted average of 90-day treasury bill) is market-driven, so no need to negotiate rates
- Fund is very liquid, making entry and exit is very easy
- Unit holders will receive monthly performance reports
We’ll See You Inside
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pmmf@pageaml.com
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