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The Afrinvest Plutus Fund is a money market fund that allows you to invest in low-risk securities with as low as N5,000. With this sum, you too can gain access to a diversified portfolio of short-term, highly liquid investment instruments. Plus, you can increase your income with dividend payments every 3 months on profits from the Fund.
The Fund is approved by the Securities and Exchange Commission, and your funds are safeguarded by a Custodian Bank.
The Initial Public Offering of 10,000,000 units of N100 issued at par and payable in full on application closes on December 20, 2017.
Professionally managed:
our team of highly skilled experts are dedicated to optimise yields on the Fund
Consistent quarterly income:
profits from the fund will be distributed every 3 months which you can reinvest
Capital preservation:
access to a diversified, low-risk portfolio minimises exposure to capital loss
Invest for someone:
you can invest for anyone, anywhere and even for your business
Competitive returns:
leverage on a pool of resources to enjoy greater rewards
Easy entry & exit:
sell or buy units of the Fund at a constant price of N100 at any time you want
Invest Online
Complete a simple online form and make an online payment for your desired units of the Afrinvest Plutus Fund.
It's that simple and easy.
Download Form
Email the completed form to [email protected] or send a hard copy to any of our offices.
Then make a bank transfer to UBA NOM MERISTEM TRUSTEES/AFRINVEST PLUTUS FUND
Account: 1020911387.
Bank: UNITED BANK FOR AFRICA PLC
You reserve the right to redeem all or part of your Units held at the Bid Price on any Business Day, provided we receive your redemption documents in accordance with the instructions specified by the Fund Manager. The Fund will make redemption payments within five (5) Business Days of receipt of the Redemption Notice. No additional charges will be made on Redemption. However, if you redeem your investment before the expiration of the Minimum Investment Period, you forfeit 20% of the returns accrued on such investment.
The Net Asset Value (NAV) of the Fund will be published on a weekly basis. You will also receive a quarterly statement indicating your current holdings and the total value of your investment.
The minimum holding period for an investment in the Fund is ninety-one (91) calendar days from the date of subscription. However, if you wish to redeem your investment before this time, you will forfeit 20% of the returns accrued on such investment.
The Fund shall invest a maximum of 100% in quality money market instruments with a minimum tenor of 30 days and a maximum tenor of 366 days. The proposed allocation is as follows: 60% short-term fixed income securities (T-Bills and OMO); 35% unsubordinated short-term debt securities (Bankers Acceptances, Certificates of Deposit, and Commercial Papers); and 5% cash.
You may receive Dividends and Distributions from the net income of the Fund on a quarterly basis provided the Fund makes a profit in the quarter or financial year in respect of which such Distributions are made. You, therefore, have the option to elect to be paid such Dividends or to reinvest the Dividends in new Units at the Offer Price. If you elect to have the Dividends reinvested in new Units, you shall be entitled to an issue of Units that are equal in value to the amount you otherwise would have received in cash as Dividends.
If you live outside Nigeria, please download the Subscription Form after you have carefully read and understood the Prospectus.
About the Fund Manager
Afrinvest Asset Management Limited (AAML) is a leading independent Fund/Portfolio Manager in Nigeria.
It is a wholly owned subsidiary of Afrinvvest West Africa Limited. Withover 20 years' experience in wealth management.
Afrinvest Asset Management Limited (AAML) has been able to deliver, over the years, world class Asset management services to our clients
through a diversified multi class approach by constructing investment portfolios in accordance with pre-agreed risk reward criteria.
Our tailored services include individual managed accounts, mutual funds and investment Advisory Services.
AAML is the Fund Manager of 2 listed Mutual Funds including the Nigeria International Debt Fund and Afrinvest Equity Fund.
These Funds take into consideration the investment objectives of the subscribers and are tailored to meet those objectives.
Issuing House
Trustee
Custodian
Receiving Agents
