The FAAM Money Market Fund is a secure, open-ended mutual fund that invests in short-term securities such as Treasury Bills, Commercial Papers, and Fixed Deposits. It aims to optimise returns on free cash flow, offering competitive returns that outperform regular savings accounts. The fund is regulated by the Securities and Exchange Commission (SEC).

Investing in the FAAM Money Market Fund provides investors with a low-entry opportunity to earn competitive returns from a diversified portfolio of premium securities. Managed by professionals, the fund offers liquidity, diversification, and a steady income stream. FAAM MMF is rated "A" by Agusto & Co, reflecting the strength of its investment strategy and the deep experience of the fund manager. With a highly qualified investment committee, strong corporate governance, and robust operational infrastructure, FAAM MMF is well-suited for investors seeking a fund of this nature.

The FAAM Money Market Fund stands out as an open-ended mutual fund that provides safety, liquidity, diversification, and competitive returns compared to traditional Savings Accounts, Treasury Bills, or Fixed Deposits. Unlike traditional savings accounts or Fixed Deposits, the FAAM MMF allows for withdrawals without penalties, making it a flexible option for investors. Additionally, investors do not lose accrued interest, which can be the case with both Savings and Fixed Deposit accounts. By investing in the FAAM MMF, investors limit their exposure to market risks, especially compared to Treasury Bills in the event of a premature exit from the investment.

The FAAM Money Market Fund involves several key parties: First Ally Asset Management Limited acts as the Fund Manager, Radix Trustees Limited serves as the Trustee to the fund, United Bank For Africa (Global Investor Services) operates as the Custodian and Ernst & Young are the Auditor for the fund.

The return on the Fund is dependent on prevailing interest rates in the Nigerian financial markets. The Fund Manager has no control over changes in interest rates. Therefore, we cannot guarantee a specific rate of return on your investment. However, our Fund Manager aims to generate competitive returns for unitholders. The return on investment is benchmarked against the 91-day Treasury Bills.

The Fund Manager intends to distribute net income from the Fund to unitholders on a quarterly basis. Unitholders have the option to receive their dividends in cash or reinvest them in new units at the Offer Price.

Absolutely! You can make periodic contributions to the Fund. It is an open-ended fund with no minimum participation period or closing date.

To calculate the value of your investment at any given time, multiply the number of units you hold by the Bid Price per unit. The Bid Price per unit can be found on both the FMDQ and First Ally website.

As a Unit-Holder, you will receive a Statement of Unit Holding that reflects the number of units you hold in the Fund. This statement is sent to you monthly by mail as required by law, and you can also request it at any time.

Yes, you have the option to sell or redeem your investment.

You can sell your units in the fund at any time, as there is no lock-in period. To initiate the redemption process, you can either redeem units online or complete a redemption form and submit it along with the proof of investment to the fund manager. Once the documents are verified, your redemption request will be processed within five (1-2) business day. Please note that a minimum permissible holding of N1,000 or any advised balance by the Manager is required after a partial redemption.

The Fund, like all mutual funds in Nigeria, is regulated by the Securities and Exchange Commission (SEC). Additionally, a Trustee named Radix Trustees Limited has been appointed to act on behalf of unit holders. The Trustee ensures that the Fund is managed in the best interests of unit holders and in compliance with the provisions of the Trust Deed.

The Fund is suitable for both Retail and Institutional investors who have a low-risk appetite and seek an income generating portfolio.

To begin your investment journey, simply log in to our portal [insert website link] and follow the instructions to get started.

You have the convenience of accessing your accrued interest at any time. You can either use our online redemption form or manually fill out the form and send it to your dedicated relationship manager.

No, you can start an investment and open an account with us from anywhere in the world.

Absolutely, you can make investments on behalf of your children.

Our turnaround time for liquidation is typically within 24-48 hours, ensuring quick access to your funds.

Yes, we offer USD-denominated investments to cater to your preferences.

Certainly, you have the flexibility to add additional funds to your existing investments whenever you choose.

Yes, you have the freedom to withdraw your investment at any time without any charges after the minimum withholding period, which ranges from 30 to 180 days depending on your subscribed product.

Rest assured that your funds are safe with us. We are regulated by the Securities and Exchange Commission (SEC) and follow international best practices. All customer funds are held by reputable third-party Nominee Banks, including First Bank Nominee and UBA Nominees. Additionally, we prioritise investments in government-backed securities.

Upon investment, you will receive an electronic subscription notification delivered to your registered email address. You can easily print out the e-copy and rely on it for record-keeping purposes.

Absolutely! At First Ally Asset Management, we understand that each investor may have different investment objectives. Therefore, you have the flexibility to invest in multiple products that cater to your various investment needs.

Absolutely! At First Ally Asset Management, we understand that each investor may have different investment objectives. Therefore, you have the flexibility to invest in multiple products that cater to your various investment needs.

You can start your investment journey with as little as N5,000.00, making it accessible to a wide range of investors.

Yes, we provide an intuitive online portal that grants you real-time access to monitor and manage your investment portfolio conveniently.

Our investment products require a minimum investment duration of 90 days, ensuring that your investment has an adequate timeframe to grow.

To open an account with us, you will need to complete an account opening form. In addition, please ensure you have the following documents: a valid means of identification, a utility bill (not older than 3 months) for address verification, a recent passport photograph, and your specimen signature.