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March 2018
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Coral Growth Fund

Established on February 1, 2001, the Coral Growth Fund (CGF) is an actively managed, open-ended unit trust scheme that invests in equities and debt securities of large companies quoted on any Nigerian Stock Exchange and the money market.

This scheme can invest up to 65% in quoted equities, while the balance is invested in fixed income securities and the money market.

The CGF aims to enable investors’ achieve capital growth over the long-term whilst enabling them to satisfy a broad variety of financial needs. This scheme also serves as a:

  • Pension / Retirement Plan

  • Saving Plan

  • Investment Plan

  • Educational Plan

  • Contingent Plan

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To access this scheme, initial investors are required to invest a minimum sum of N5,000.00, while an additional minimum investment of N5,000.00 can be made subsequently. Redemption of funds can be made by sending a written notice to the Fund Manager, FSDH AM. As part of efforts to ensure that the interests of shareholders are preserved, the Trustee to the CGF sees to it that the Manager’s activities adhere to the provisions of the Trust Deed. In addition to this, the administration of the CGF is carried out in accordance with global best practices as the assets of the CGF are held by an independent custodian. The CGF was the first fund in Nigeria to fully segregate the fund assets in this manner.


 

BENEFITS OF THE CGF

Professional Expertise of the Manager

With the CGF, investors are relieved of the burden of making informed investment decisions in an environment where it’s difficult to manage these decisions. In addition to this, the responsibilities associated with the collection of dividend warrants, share certificates and the regularization investor’s from the registrars are all passed on to the CGF Manager. At FSDH AM, the Managers of the CGF are highly experienced investment officials who are able to make the best investment decisions for our clients. With the help of up-to-date information from our highly rated FSDH Research team, the Fund Manager is able to manage the investments of clients’ fund as efficiently as possible.

Diversification and Security of Investment

The CGF is an alternative asset to be included in investors’ total investment portfolio, serving as a benchmark for other investments. The diversified nature of the CGF implies that investors get to reduce their risks as the value of each security held by the CGF is not expected to move in the same direction at the same time. With an investment as low as N50,000, investors in the CGF invest in several high quality companies at the same time.

Enhanced Portfolio Return

Due to its pooled nature, the CGF will significantly reduce cost to the individual investor, ultimately resulting into higher yields. This is because the CGF achieves economies of scale in research, transaction costs and investments. In addition to this, the CGF is tax efficient, as the withholding tax of 10% on dividend earned by the Fund is the final tax payable by individual investors. Note that Capital Gains Tax is not payable by investors (foreign or local) in Nigeria.

Liquidity of your Investment

Because of its open ended nature, the CGF is a liquid investment. This means that as an investor, you can redeem your investment at the prevailing bid price if you desire.

Collateral

Investments in the CGF can also serve as collateral for a facility from any financial institution subject to their internal credit policy.

Savings Vehicle

The CGF is a great instrument for investors to establish and manage a savings plan that can serve as a pension plan, asset replacement plan, health plan, and education plan amongst others. On a regular basis, investors in the CGF can increase their investment in the Fund, by either transferring additional funds or issuing a direct debit instruction to their banks to credit the CGF. Direct debit forms can be filled and submitted to the Fund Manager for onward processing.   Kindly contact the fund manager for additional information on setting up a direct debit instruction.

TO OPEN AN ACCOUNT:

  • I. Click on purchase order form below

  • II. Submit form and include the following documents with your application:

  • • Scanned passport photograph

  • • A valid means of identification

  • • Copy of utility bill issued within the last 90 days.

  • III. Transfer funds to the specific account.