Africa Money Markets Funds
| nt_header_0 | nt_header_1 | nt_header_2 | nt_header_3 | NIGERIA | nt_header_5 | nt_header_6 | nt_header_7 | nt_header_8 |
|---|---|---|---|---|---|---|---|---|
| Name of Bank | Yeld | Minimum Amont | Management Fee | Minimum Holding Period | Penalty For Early Withdrawal | About | Source | |
| Stanbic IBTC Money Market Fund | 5.32% | N5,000.00 | 1.50% | 30 days | The penalty for redeeming within the minimum holding period is 20% on the accrued income | The fund invests 100% of the portfolio assets in high quality short-term securities such as Treasury Bills, Commercial Papers and Fixed Deposits that are rated “BBB” and above. | stanbicbank.co.ug/static_file/Nigeria/nigeriaassetmanagement/SIAML/FileDownloads/PDF%20Files/Fact_Sheet_Apr2022.pdf | https://www.stanbicibtcbank.com/sites/v/index.jsp?vgnextoid=1f83f1fb5d9a1710VgnVCM2000008811960aRCRD&vgnextfmt=default&vgnextlocale=en |
| Guaranty Trust Money Market Fund (Abacus) | 10.25% | N1,000 | 1.50% | 30days | - | Abacus is a diversified portfolio with investments in quality money market instruments, short-term debt securities, such as banker’s acceptance, commercial papers, treasury bills, and others | https://www.moneycounsellors.com/mutual_fund/1 | https://www.gtcoplc.com/what-we-do/asset-management |
| Zenith Money Market Fund | 10.46% | N10,000 | 1.00% | 30 days | Liquidation before maturity attracts a penalty charge of 20% of accrued income | Cash and Equivalents: 0 -5%Placements (Financial and Non-Financial Institutions): 0 -75%Short term government securities: 25-100%Other Money Market Securities: 0 -75% | https://quantumzenithasset.com.ng/wp-content/uploads/2018/12/AbridgedProspectus_Money-Market-Fund.pdf | |
| United Capital Money Market Fund | 10.18% | N10,000 | 1.00% | 90 days | Pre-liquidation is allowed subject to a penalty of 20% on earned income. | The Fund allows you to invest in high quality money market instruments like Treasury Bills and Certificates, Commercial Papers and Banker’s Acceptance. | https://unitedcapitalplcgroup.com/wp-content/uploads/2023/05/MONEY-MARKET-FUND-FACTSHEET-APRIL-2023.pdf | https://unitedcapitalplcgroup.com/money-market-fund// |
| VETIVA MONEY MARKET FUND | 8.99% | ₦5,000.00 | 1.00% | 30 days | No charge early for withdrawals | The Fund will invest in a diversified portfolio of high yield and high-quality short-term money market instruments like Government Treasury Bills, Commercial Papers, Tenored Deposits, short-term instruments with eligible financial institutions, and other instrument introduced and approved by the Central Bank of Nigeria (CBN) from time to time. | https://www.vetiva.com/funds/vmmf/downloads/VMMF_FundFactSheet_20230531.pdf | https://www.vetiva.com/funds/vmmf/ |
| Meristem Money Market Fund | 10.80% | N10,000 | 1.67% | 30 days | The Fund Manager reserves the right to charge a redemption penalty if the investment has not been held for a minimum holding period. | The fund represents money market investments with capital preservation being the primary goal. The fund will therefore target preservation of fund’s principal and providing a return in line with the interest rates of money market instruments. | https://meristemwealth.com/wp-content/uploads/2021/09/MMMF-MONTHLY-REPORT-AUG-2021-.pdf | |
| Greenwich Plus Money Market Fund | 8.00% | - | 1.50% | 20% of the income earned | The Fund’s assets are invested in low-risk short-term debt securities, including Nigerian Government Treasury Bills, Bankers’ Acceptances and Commercial Papers. | https://moneycounsellors.com/mutual_fund/67 | ||
| GDL Money Market Fund | 7.75% | N10,000 | - | 30 days | https://gdl.com.ng/ | |||
| FBN Money Market Fund | 9.85% | N5000 | - | 30 days | 20% on the income earned | The FBN Money Market Fund is an open-ended mutual fund that invests in a diverse portfolio of short-term, high-quality money market instruments such as Treasury Bills, Commercial Papers, Bankers Acceptances, and Certificates of Deposit issued by rated Nigerian banks | https://fbnquest.com/asset-management/solutions/mutual-funds/fbn-money-market-fund/ | |
| ARM Money Market Fund | 8.96% | ₦1000.00 | 1.50% | 3 months | 20% penalty on any profit accrued for the same period. | THE FUND INVESTS IN:Government securities: 25% – 95%Other money market instruments: 5% – 75% | https://www.arminvestmentcenter.com/MutualFunds/Details/1003 | |
| ANCHORIA ASSET MANAGEMENT MONEY MARKET FUND | 6.90% | N5,000.00 | 1.20% | 180 days | Early Redemption Penalty, 20% of accrued income | The Anchoria Money Market Fund is a low-risk, open-ended investment vehicle that lets you invest in high-quality money market instruments such as Treasury Bills, Certificates of Deposit, Commercial Papers, and Banker’s Acceptance. | https://anchoriaam.com/wp-content/uploads/2022/06/Anchoria-Mutual-Funds-Performance-April-2022.pdf | |
| South Africa | ||||||||
| Allan Gray Money Market Fund | 7.40% | R50 000 | 0.29% | There are no penalties for withdrawing from your investment and you can change, stop and restart your debit order whenever you need to, at no extra cost. | The Fund invests in South African money market instruments with a term shorter than13 months. These instruments can be issued by government, parastatals, corporates andbanks. The Fund is managed to comply with regulations governing retirement funds | |||
| RECM MONEY MARKET FUND | 7.60% | R10,000 | 0.15% | 30 days | The RECM Money Market Fund is a rand-denominated money market fund that invests in South African money market instruments only. | |||
| Nedgroup Investments Money Market Fund | 7.60% | R10000 | 0.59% | 30 days | ||||
| CORONATION MONEY MARKET FUND | 6.60% | R10 000 | 0.30% | 120 days | The Money Market Fund aims to outperform one to three year fixed deposit and call accounts over time, while taking the lowest level of capital risk consistent with this objective. The fund will only invest in South African money market instruments with a maturity of 13 months or less | |||
| Standard Bank Money Market Fund | 7.66% | R50 000 | 0.23% | |||||
| OLD MUTUAL MONEY MARKET FUND | 7.90% | R10 000 | 0.50% | The fund invests in money market securities with a maturity of less than 13 months | ||||
| PSG Money Market Fund | 7.90% | R25000 | 0.61% | The PSG Money Market Fund's objective is to provide capital security, a steady income andeasy access to your money. The fund invests in selected money market instruments issuedby government, parastatals, corporates and banks with a maturity term of less than 13month | ||||
| Absa Prudential Money Market Fund | 6.93% | R 100 000 | 0.35% | The fund aims to achieve this by investing in graded short-term money market instruments. Thefund invests principally in cash, deposits and money-market instruments. The fund has amaximum weighted duration of 90 days. | ||||
| RMB Money Market Fund | 8.25% | R100 000 | 0.61% | |||||
| Ghana | ||||||||
| Databank Educational Investment Fund | 7.66% | GHC 50 | 2% | Any Time | No | 100% OF FUND'S NET ASSETS IS INVESTED IN MONEY MARKET SECURITIES | https://doobia.com/mutual-funds/gh/databank-educational-investment-fund-limited-t1/reports | |
| EDC Ghana Money Market Unit Trust | 22.26% | GH₵ 100 | 1.25% | https://www.annualreportsghana.com/wp-content/uploads/2019/07/EDC-Ghana-Money-Market-Unit-Trust-December-2022.pdf | ||||
| Gold Money Market Fund | GHS 50.00 | 2.50% | ||||||
| Fidelity Money Market Trust | GH¢ 100.00 | 2%% | https://www.fidelitysecuritieslimited.com.gh/products/fidelity-money-market-trust/ | |||||
| Zambia | ||||||||
| Name of Bank | Yield | Minimum Amont | Management Fee | Source | ||||
| ABC Money Market Fund | 14.00% | K20,000.00 | 5.50% | https://abcassetmanagement.com/wp-content/uploads/2022/07/ABC_Money-Market-Fund_31.03.22-2.pdf |