The Coral Income Fund (CIF) is an open ended, income-based unit trust scheme. Launched in May 2006, the Fund’s structure permits a maximum investment of 30% in quoted equities, while the balance is invested in high-quality fixed-income securities and the money market.
The primary objective of the CIF is to achieve capital preservation over the long-term and provide investors with an investment outlet that provides stable but competitive returns in excess of inflation. In addition, this Fund enables investors to preserve capital while achieving stable and consistent income flow.
To access this scheme, initial investors are required to invest a minimum sum of N5,000, while an additional minimum investment of N5, 000 can be made subsequently. (Redemption of funds can be done by filling out a redemption form and sending to the Fund Manager, FSDH AM).