Looking for low risk Investment? Invest in TrustBanc Money Market Funds.
Fund performance as at 24th May 2021
TrustBanc Money Market Fund
The TrustBanc Money Market Fund is a large pool of funds from different similar minded investors like you that is invested on your behalf in different securities which include treasury bills, bonds, real estate and more.
The minimum holding period for the fund is 30 Days. This means that you always have access to your fund once you cross the 30-Day holding period. Redemption is done within 24hours of your request.
The minimum initial investment is N10,000 (100units) while additional investments is N5000 (50units).
TrustBanc Money Market Fund FAQs
TrustBanc Money Market Fund (“the Fund”) is a collective investment scheme that invests in a wide range of very liquid short-term money market instruments. The Fund aims to achieve competitive returns on its assets while safeguarding capital, by investing in a diversified portfolio of money market instruments such as Guaranteed Commercial Papers, Bankers’ Acceptance and Certificate of Deposit with banks rated “A” and above in Nigeria.
The Fund is formed by pooling funds of several individual and corporate investors which gives the Fund greater “bargaining power” to obtain higher levels of interest rates when investing. The Fund aims to maximize interest income by investing all the Fund’s assets in selected short-term money market securities.
The fund will give investors access to liquidity, diversification, regular income, and professional portfolio management. The Fund will utilize the market bargaining power obtained from the pooling of funds to enable investors to enjoy competitive returns at minimal risk.
You are required to upload scanned copies of the following documents in jpeg or png format when filling the online account opening form:
- Recent passport photograph
- Means of identification (driver's license, international passport or national identity card)
- Utility bill (Not older than 3 months)
- Signature specimen
- Certificate of Incorporation
- Duly executed Board Resolution approving account opening.
- CTC of CAC Form CO7 and Company Utility Bill
- For each signatory:
- Means of Identification.
- Passport photograph
- Signature Specimen
You will receive a weekly valuation statement. Additionally, Unit Holders can visit the Fund Manager’s website to monitor end-of-day market prices of the Fund. (https://cptrustbanc.zanibal.com/index.php?page=guest.OpenAccount)
The return on the Fund is a function of prevailing interest rates in the Nigerian Financial Market. The Fund Manager has no influence over changes in interest rate. Accordingly, it is impossible to guarantee any rate of return on the investment. However, the Fund Manager will strive to generate competitive returns to unitholders.
The Fund Manager intends to declare dividends and make distributions from the net income of the Fund on a quarterly basis to unit-holders. Unit-holders can elect to receive their dividend in cash or reinvest their dividends in new units at the Offer Price
Yes, periodic contributions can be made. The Fund is open-ended and there is no minimum period of participation or closing date.
There are no penalties for redemption after the 30 days holding period.
Yes, it is possible to invest for minors, clubs and groups.
Yes, the business is regulated by the Nigerian Securities and Exchange Commission.