Coral Money Market Fund
Coral Money Market Fund (CMMF)
This is an actively managed, open-ended unit trust scheme that invests exclusively in money market instruments- instruments with maturities less than 365 days. Investors are able to enjoy significantly higher returns than what is obtainable from the average savings account.
- Currency is Naira
- Minimum investment of N5, 000.00 and subsequent investment of N5, 000.00 thereafter.
- Liquid investment, as redemption can be made within 48 hours.
- Invests 100% in fixed income securities and money market instruments with a maximum tenor of 1 year.
- Lower risk due to a pool of diverse investments
- Assets are held by an independent Custodian, in line with SEC requirements
- Competitive return on investment
- Capital preservation and appreciation
- Opportunity to invest in a diversified portfolio with N5,000.00
- Can be used as a savings plan towards specific events.
- Outperforms 91-day TB rate