Apel Wealth Money Market Fund
The Fund is an open-ended unit trust scheme that seeks current income and preserves capital while maintaining liquidity at a stable price of N100 for all Asset Classes of investors that value liquidity and security of capital.
The Fund invests in a diversified portfolio of high-quality money market instruments as specified by the SEC from time to time.
Minimum Subscription: 500 units
Offer Price: ₦100
Redemption: Redemption made within 30 days after registration/subscription will attract penal charge of 20%
Redemption payments will be made within 48 hours after the relevant redemption documents have been submitted.
All redemption requests must be received at the Funds Manager's office on or before 12pm to be deemed as received on the same day.
Income distribution: Income will be distributed to unit holders on a quarterly basis
Benefits of investing in the Fund
- Capital Preservation
- Low Risk Exposure
- Stable Income Generation as the Fund will pay income on a quarterly basis
- Liquidity – Ease of Entry and Exit
- Economics of Scale
- Access to investment management professionals
- Unit holders will receive monthly Performance reports.