Money Market Fund
Your Trusted Path to Competitive Returns
At First Ally Asset Management, we understand the importance of preserving capital while earning competitive returns. Our Money Market Fund is designed to offer investors a stable and secure investment option that delivers regular income through investments in high-quality, short-term money market instruments.
Why Choose Our Money Market Fund?
- Capital Preservation: Invest in a fund that prioritises the safety of your principal while seeking to provide steady income.
- Liquidity: Enjoy the flexibility of accessing your funds when needed, making it an ideal choice for both individual and institutional investors.
- Competitive Returns: Benefit from attractive yields that outperform traditional savings accounts, helping your money grow over time.
- Professional Management: Our experienced fund managers employ rigorous research and risk management strategies to optimise returns.
- Regulatory Compliance: The fund is registered with the Securities and Exchange Commission (SEC) and adheres to all regulatory standards, ensuring transparency and investor protection.
Fund Details
- Fund Type: Open-ended Money Market Fund
- Minimum Initial Investment: ₦5,000
- Daily Bid and Offer Price: ₦1.00 per unit
- Fund Manager: First Ally Asset Management (FAAM)
- Trustees: Radix Trustees Limited
- Custodian: United Bank for Africa
- Risk Profile: Low
- Tax Consideration: Withholding Tax
Annual Total Expense Ratio
| Year | AuM | Expenses | Expense Ratio |
|---|---|---|---|
| 2020 | 669,175,596.67 | 12,065,918.94 | 1.80 |
| 2021 | 366,311,610.05 | 9,540,035.37 | 2.60 |
| 2022 | 259,031,441.73 | 8,135,521.97 | 3.14 |
| 2023 | 271,790,461.25 | 7,861,838.51 | 2.89 |
| 2024 | 692,295,558.34 | 10,392,227.86 | 1.50 |
Performance Overview 2025 Year-Date
| MONTH | CLIENT RETURNS |
|---|---|
| JANUARY | 20.92% |
| FEBRUARY | 21.14% |
| MARCH | 20.34% |
| APRIL | 20.40% |
How to Invest
1. Open an Account: Visit MyInvestar to create your investment account.
2. Fund Your Account: Make a minimum investment of ₦5,000 through bank transfer or other available payment methods.
3. Start Earning: Monitor your investment and watch your funds grow with daily accruals.
Find answers to frequently asked questions – Click here.