Best Mutual Funds to Invest (Business Opportunities - Investment)
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Best Mutual Funds to Invest | |
A mutual fund is a professionally managed investment product that pools funds from many investors to purchase a portfolio of assets including bonds, stocks and other securities. With the growing popularity in recent years, mutual funds are a great choice if you wish to diversify your assets while minimising risks and increasing your earnings. Some of the best mutual funds to invest in Nigeria are offered and managed by FBNQuest, the capital and asset management subsidiary of FirstBank of Nigeria plc. In this article, we rank the top mutual funds in today’s capital market in Nigeria, as well as why you should consider investing in mutual funds. Let’s begin! Why invest in Mutual Funds? Mutual funds come with great benefits for investors. Here are 2 reasons why you should add a mutual fund to your portfolio. 1. Diversification Mutual funds have a built-in diversification strategy, a single fund typically invests in a wide mix of asset classes, ensuring that risk is minimised if any one of the assets should experience a market swing. 2. Professional management Mutual funds have an active fund manager who is responsible for conducting research and selecting which securities the funds will be invested in. This set-up makes mutual funds highly attractive as your asset can be managed by an expert for a much lower cost than if you had to hire a brokerage firm. 3. Affordability & liquidity Mutual funds usually have very low investment amount requirements which makes them accessible to all kinds of investors. Mutual funds are also easy to sell making it less complicated to redeem your funds. How to select the Best Mutual Funds to Invest in Nigeria When searching for the best mutual fund to invest in, it is important to first consider the following: What are investing goals and risk tolerance? Understand the fund’s investment strategy and management approach Research performance and pricing history of the fund Pick a fund backed by a reputable financial company Choose a fund with affordable operation fees Best Mutual Funds to Invest in Nigeria Ranked Here is our list of the best mutual funds to invest in, ranked based on their performance history over the years and the most current year-to-date return reported by September 2022. #1 – FBN Bond: YTD (11.49%) The FBN Bond Fund provides access to a diverse portfolio of federal and state government bonds as well as corporate bonds from highly rated organisations. What makes this mutual fund one of the best to consider is that it preserves a high degree of liquidity while maximising returns. The initial investment sum for this fund is N50,000 with annual dividends paid to the investor. FBN Bond Fund has had a stable performance and price history with a Year-to-Date return of 11.49% reported on September 29th 2022. #2 – FBN Halal Fund: YTD (11.47%) The FBN Halal is one of the best mutual funds to invest in if you’re a Shari’ah-compliant investor. With this fund, you have the advantage of investing in assets that adhere to Shari’ah religious and moral norms while enjoying competitive returns that are equivalent to counterpart conventional funds. FBN Halal fund has a starting investment sum of N5000 and is great for long-term income generation. The fund has had a stable performance and price history with a Year To Date return of 11.47% reported on September 29th 2022 #3 FBN Money Market: YTD (10.36%) FBN Money Market Fund is an excellent short-term mutual fund that invests in treasury bills, commercial papers, banker’s acceptances, and certificates of deposits issued by rated Nigerian banks. The fund requires an initial investment sum of N5,000 and has a stable performance and price history. The Year-To-Date return by September 2022 was 10.36%. #4 FBN Balanced Fund: YTD (10.24%) FBN Balanced Fund is among the best mutual funds to invest in as it manages risk by balancing funds across a diverse range of assets classes including stocks from high-quality Nigerian companies, long-term debt instruments from Federal and State governments, as well as high-yield money market securities such as Treasury Bills, and Commercial Papers. The initial investment sum for this fund is N50,000 with dividends paid annually. The fund has had a stable performance and price history with a Year To Date return of 10.24% reported on September 29th 2022. Invest in the Best Mutual Funds in Nigeria FBNQuest offers some of the best mutual funds to invest in for short, medium and long-term financial goals. Our market-leading mutual funds are managed by seasoned fund managers and have seen impressive returns over the years. To learn more about our fund performances, click here. You can also request a member of our team to contact you and help start your mutual fund investment journey by filling out this form. | |
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| Target State: All States Target City : All Cities Last Update : 16 October 2023 5:48 PM Number of Views: 69 | Item Owner : FBNQuest Contact Email: Contact Phone: 01-2801340-4 |
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2024-04-30 (0.223 sec)