Less than most people think. You can start a mutual fund in Nigeria with as little as ₦1,000 through an investment app, and some savings platforms let you begin around ₦100. Buying directly from an asset manager usually asks for more, often ₦5,000 to ₦50,000 depending on the fund and the firm. The more useful…
Yes, you can, but it depends entirely on which type of fund you hold. A money market fund rarely loses value in naira terms. An equity fund can fall sharply in a bad year. Most Nigerians who say they lost money in a mutual fund were in an equity or balanced fund without realising it….
Usually yes, but not instantly, and not always without cost. Most Nigerian money market funds allow withdrawal on request with settlement in a few working days. Equity and bond funds are also redeemable, but you receive the unit price on the day you sell, which may be lower than the day you bought. Some funds…