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Best Mutual Funds in Nigeria That Will Make You Good Money

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There are many mutual funds and mutual fund companies in Nigeria which could Earn You Decent Money here in Nigeria if you know about them and how to invest in them. A great earning method for passive investors, Mutual Funds in Nigeria are investments schemes that are under the control of an AMC, an Asset Management Company. They provide regular investors with the opportunity to earn from investing in securities, stocks, and bonds.

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best mutual funds in Nigeria

For a detailed information on how mutual funds works and how mutual funds works in Nigeria, please check this guide. 

Nigeria owns a total of 107 Mutual funds, as seen from the Security and Exchange Commission’s data. Below is the analysis of the various available Fund types, as compiled by the Security and Exchange Commission (SEC).

  1. BOND FUNDS (9)
  2. EQUITY BASED FUNDS (13)
  3. ETHICAL FUNDS     (6)
  4. EXCHANGE TRADED FUNDS (10)
  5. FIXED INCOME FUNDS (21)
  6. INFRASTRUCTURE FUND (1)
  7. MIXED FUNDS (21)
  8. MONEY MARKET FUNDS (23)
  9. REAL ESTATE FUNDS (3)

TOTAL =  107

We located the Funds with the best performance by comparing the Fund prices of the last business day in December 2019, to that of July 2020. And with that we were able to bring out the top 5. We also visited the websites of the Funds to extract their profiles to add to our analysis.

9 Best Mutual Funds in Nigeria That Will Make You Good Money

The list below comprises some of the various available Fund types listed on the Security and Exchange Commission (SEC):

(1) New Gold ETF

The New Gold ETF, or New Gold Exchange Traded Fund is an Exchange Traded Fund that is owned by Vetiva. In December 2011, the New Gold ETF was listed on the Nigerian Stock Exchange (NSE). This business works by tracking the rise and fall of the price at which gold is being sold, and thus, creates an opportunity for retail, and institutional investors to invest in a debenture that has the support of a gold bullion. Each piece of New Gold security has an equivalence of 1/100 ounces similar to that of the gold bullion that is held in the gold bullion secure stockpile. Each gold is secured in the form of the London Gold Delivery Bars, and they are kept according to the Good Delivery Standards issued by the LBMA.

December 27th

Fund Price – N5,220

June 26th

Fund Price – N8,000

Return –  53.3%

Ranking – First

Note: The advent of the Covid-19 pandemic has led to an upsurge in the price of gold. Gold prices have been noted to rise during periods of market uncertainty, and this has led investors to be unable to take any tangible standpoints. So if you need something to invest in during periods of uncertainty, then this is your best bet.

(2) The Nigerian Smart Beta Equity Fund from the FBN

Owned by the FBN, The Nigerian Smart Beta Equity Fund invests its money in a variety of specifically chosen Nigerian Companies, selected by an evaluation system that is well-tested, rigorous, and research-based.

75% of the assets provided by the Fund is invested in a variety of specifically chosen high-brow companies on the Nigerian Stock Exchange. This in turn serves as a long-term capital preservation method. 25% of the Funds are invested on a short-term basis as deposits in both money making instruments, and financial institutions. And this is done to help manage liquidity.

December 27th

Fund Price – N129.17

June 26th

Fund Price – N197.29

Return –  52.7%

Ranking – Second

Note: The capabilities of this Fund is very impressive, when you compare it to the fact that it is mostly focused on equities. You could see this by taking a look at the All-Share Index of the NSE, and you would see that till date, it is only down by 9.8%. If you don’t have the heart for taking the risks that come with investing in stocks, and you still want to invest in mutual funds, then you can’t go any better than this.

(3) Vantage Balanced Fund

Launched in 2002 by Investment One, the Vantage Balanced Fund is a type of fund that focuses mostly on appreciation received from long-term capital investments. Long-term capital investments achieve their appreciation by maintaining a fixed income, a variety of money market, equities, and a variety of real estate investments. The NSE quotes the assets as high-quality equity instruments, while the bond issuers receive their investment-grade rating from any of the credit rating agencies that have been registered by the SEC.

December 27th

Fund Price – N2.21

June 26th

Fund Price – N2.87

Return –  29.9%

Ranking – Third

Note: This Fund is a kind of mixed fund, since its investments are seen in a variety of assets. Though managers of this type of mixed fund may have their own Dollar Fund, Equity-Based Fund, or their own Fixed Income Fund; the capability of the Balanced Fund trumps all of them. So if you need a form of investment that has a hand in everything then this is it, your best bet as far as the analysis of June 2020 is concerned.

(4) The Legacy USD Bond Fund

Launched in 2018, the Legacy USD Bond Fund is owned by the Asset Management of the FCMB. Registered with SEC, this is a Collective Investment Scheme that uses the US Dollar as its denomination. With an aim to generate long-term stable income, the Legacy USD Bond Fund makes its investments in fixed income securities that have been credit rated, and uses the US Dollar as their denomination. These fixed income securities are provided by Corporate entities, Supranational bodies, and the Nigerian Government.

December 27th

Fund Price – N306.5

June 26th

Fund Price – N360.5

Return –  24.4%

Ranking – Fourth

Note: If you are in the market for a fixed-income debt security similar to the Eurobonds, then you can consider the Legacy Bond Fund, it’s the best possible alternative. Though they stand at 24.4%, their bonds are remarkable with good market values, and good yields. The Legacy Bond Fund’s managers manage the Bond Fund, as well as a Money Market Fund, an Equity Fund, and a Fixed Income Fund. So, if you believe you can invest in Eurobonds, then this mutual fund is the best in its class.

(5) Vantage Dollar Fund

Launched in 2018 and owned by Investment One, the Vantage Dollar Fund is registered with the SEC, and functions in Nigeria as an open-ended unit Trust Scheme. They invest mostly in Sovereign Eurobonds, and Corporate Eurobonds. The Vantage Dollar Fund is the best option for investors that won’t be ordinarily able to access securities that are Dollar-denominated, due to the fact that they do not meet the minimum amounts needed to engage in those investments.

December 27th

Fund Price – N401.02

June 26th

Fund Price – N469.2

Return –  17.0%

Ranking – Fifth

Note: With Investment One being the first, this dollar mutual fund is the second on the list, and the second to also make it into the best 5 list. With a knack for fund management, these Dollar Mutual Funds can serve as a good investment source. This is another option from the top 5, a great one to consider as well.

Bubbling Under: Outlined in descending order, these funds are the other top 5 on the list.

  1. AIICO Balanced Fund
  2. VI ETF
  3. Coronation Fixed Income Fund
  4. CEAT Fixed Income Fund
  5. United Capital Euro Bond Fund

(6) Valualliance Value Fund

Regulated and Registered with the SEC, the Valualliance Value Fund, or Value Fund functions as a closed-end collective investment scheme. The units of the Value Fund are also listed on the NSE’s main board. Using the 3.2 billion Naira raised on the 30th of June 2011, as their initial public offer, the Value Fund began its operations. The Value Fund was initially known as the “SIM Capital Alliance Value Fund”, before they adopted their current name.

July 29th

Fund Price – N103.2

August 28th 

Fund Price – N115.05

Return – 11.48%

Ranking – First

Note: Initiated by the ValuAlliance Asset Managers, the Valualliance Value Fund was seen as the fund with the best performance in August 2020. Though their net value remained at 4.73 billion Naira, this mixed fund progressed by 11.48% at the end of August from 103.2 Naira to 115.1 Naira.

(7) Cordros Milestone Fund 2028 & 2023

Known as target-date mutual funds, the Cordos Milestone Fund 2028 and 2023 works by first having an asset allocation start out investment, or a start out investment that is a mix of securities. These are investments that initially seek the growth of their capital, (which can be in the form of stocks), as they gradually become investments that want the preservation of this capital, (which can be the money market), all before the expected dates of 2028, and 2023.

Also known as lifecycle funds, these target date funds are meant to offer an easy way for investment to be done through a variety of assets. These are open-ended funds that allow their units to be offered continuously when they are established under a Trust Deed. The Cordos Milestone Fund 2023 progressed by 7.27%, while the Cordos Milestone Fund of 2028 progressed by 9.28%.

July 29th (Cordros Milestone Fund 2028) 

Fund Price – N100.21

August 28th 

Fund Price – N109.51

Return – 9.28%

Ranking – Second

July 29th (Cordros Milestone Fund 2023) 

Fund Price – N98.35

August 28th 

Fund Price – N105.50

Return – 7.27%

Ranking – Third

Note: Owned by Cordos Asset Management, this mixed fund utilizes an initial investment of 35 units, with subsequent additions being 10 units each. Four Funds are operated by the managers, with a dollar fund, and a money market fund as well.

(8) Cordros Dollar Fund

The Cordos Dollar Fund is designed to allow for convenient investments, and easy US Dollar returns. This mutual fund invests mostly in quoted Corporate Eurobonds with US Dollar-denominated securities like the Money Market Instruments, the Corporate Eurobonds, and the Sovereign Eurobonds. Their aim is to provide more returns than an ordinary domiciliary bank account.

July 29th 

Fund Price – N36,498.27

August 28th 

Fund Price – N38,986.04

Return – 6.82%

Ranking – Fourth

Note: This mutual fund is the best option among other fixed-income debt securities that are dollar-denominated. In August, this fund is the third entry in the list of best funds from the managers.

(9) VCG ETF

Launched in 2015 by Vetiva Fund Managers Limited, the Vetiva Consumer ETF, or VETGOODS ETF is an Exchange Traded Fund that is open-ended. Designed to track the companies on NSE Consumers Goods Index and their performance, the VETGOODS ETF also reproduces the yield performance and price that make up their index.

Made up of the Tobacco, and the Beverages/Food sector companies that stand at the top 15 in terms of liquidity and market capitalization, the NSE Consumer Goods Index is a price index that is subjective to the adjusted market capitalization.

July 29th 

Fund Price – N4.02

August 28th 

Fund Price – N4.27

Return – 6.22%

Ranking – Fifth

Note: One of the best products from Vetvita, this Exchange Traded Fund has seen a growth of 6.22%. Though they have a variety of ETF Funds, two of Vetvita’s funds declined, while three of their funds recorded positive growth in that same month. If you need an exchange traded fund, this is the best that the month of August has to offer.

Bubbling Under: Outlined in descending order, this is the remainder of the top 10

  1. PACAM EquityFund (5.45%)
    7. Legacy USD Bond Fund (5.27%)
    8. Vantage Equity Income Fund (5.15%)
    9. VETBANK ETF (5.02%)
    10. Legacy Equity Fund (4.5%)

Conclusion

This comprehensive list has been offered by the NSE to help you in your investment goals, savings, and other priorities.

We can term a Mutual Fund as an investment that comprises funds that have been collected from investors, all with the aim of investing in stocks, money market instruments, bonds, and other similar securities. Run by professional fund managers, Mutual Funds are invested to produce income, and capital gains for investors.

Mutual Funds hold an advantage which is beneficial to small investors—they give them the opportunity to access diversified, and professionally managed selections of bonds, equities, and other securities. Thus, each shareholder gets the chance to participate in the loss or gain of the fund.

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Ekemini Ekpo is a professional Blogger, Research Analyst, Internet Marketer, and Tutor. He is passionate about Business, Investment, Entrepreneurship, Finance, and Personal development.

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Flutterwave Profile: About, Team, Contacts, size, Funding, and Salaries

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GLO Tariff Plan 2020 – List of Tariff Plans and Price

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GLO Tariff Plan 2020 - List of Tariff Plans and Price

More popularly known as GLO, Globacom Limited is a multinational telecommunications company that is based in Nigeria, and was founded by Mike Adenuga.

Though they were established on the 29th of August 2003, Globacom Limited has set a record in Nigeria among telecommunication companies for being the first to build what they call the Glo-1. Acquired from the United Kingdom, Glo-1 are high capacity, submarine fiber optic cables, which are worth $800 million.

GLO Tariff Plan 2020 - List of Tariff Plans and Price

GLO Tariff Plan 2020 – List of Tariff Plans and Price

GLO acquired more than 44 million subscribers by 2018, making them the second largest Nigerian network operator. Apart from the fact that they employ more than 3,500 people from all around the world, GLO has also established itself as one of the best service providers for calling, and browsing in Nigeria.

The calling and browsing rates on GLO are very cheap, due to the various GLO tariff plans available. And it is very easy for any GLO subscriber to access, or opt into any of them.

There is also special call service available on GLO, which allows GLO subscribers to have access to cheap call rates. Below are some of the available GLO tariff plans:

GLO BUMPA

With a recharge of either 100 Naira or above, the GLO Bumpa tariff plan offers its subscribers a 200% bonus with each recharge.

As such, if you recharge 200 Naira on the GLO Bumpa plan, you get a value of 600 Naira, and if you recharge 300 Naira, you get 900 Naira. And this bonus can be used for a variety of things like browsing the net, sending text messages, or making calls to any other network.

The GLO Bumpa plan features free night calls, a bonus validity of 30 days, with no rental fees attached. GLO prepaid subscribers, and all those who port into the GLO network are free to use this plan.

The 200% bonus on the GLO Bumpa plan is available to the GLO Subscriber as long as he keeps recharging his phone. To join this plan, dial *100*10#, and you can also dial *122*2# to check your GLO Bumpa bonus.

GLO BOUNCE

Offering free migration for all GLO subscribers, with calls at a discounted 5 Kobo per second, and text messages at a rate of 3 Naira per SMS, GLO Bounce is one of the best tariff plans that GLO has to offer.

GLO Bounce subscribers get to enjoy a call rate of 10 Kobo per second to other networks in Nigeria. They also get 12am to 5am free night calls after using 30 Naira during the day, and free Facebook browsing. On each recharge of 200 Naira, they also receive 30MB free data.

A campus rate of 5 Kobo per second is available for all GLO Bounce subscribers in all Nigerian tertiary institutions. Dial *170*4# to migrate to the GLO Bounce plan, or *170*9# for the campus zone plan.

Important: Looking for a Job/Employment? Apply for Globacom Recruitment 2020.

GLO FREE TOMORROW

A ‘free tomorrow’ as implied from the name, the GLO Free Tomorrow plan gives a subscriber twice the value of what he spent for his calls, SMS, and internet browsing on the previous day. This means he gets today, 2X what he spent yesterday.

This free credit can also be used to browse, or call any other network. Dial *300# to join the GLO Free Tomorrow plan.

GLO GBAM

Available to both new and old prepaid GLO users, the GLO Gbam tariff plan allows any GLO user to add, and call 5 special Glo numbers at a much cheaper rate than they normally would.

This tariff plan has an on-net call rate of 15 Kobo per second, an off-net call rate of 15 Kobo per second, plus an on-net and off-net SMS rate of 4 Naira per SMS. GLO Gbam subscribers can send text messages to international numbers for just 10 Naira for each SMS. This plan also offers its subscribers 5MB for browsing, which has a 24-hour validity.

Migrating to GLO Gbam as a GLO subscriber is simple, you just need *100*5*1# on your mobile phone. To register the 5 special numbers, you just dial *100*1* New Number#. While *101*2* existing Special No*New Special No# is used to change one of the numbers you already have registered to a different one.

GLO INFINITO

Known to be one of GLO’s best tariff plans, GLO Infinito allows its subscribers a special call rate of 22 Kobo per second. This prepaid plan offers this with no hidden rentals, or charges attached.

This tariff plan would be more useful to business owners since it allows them to have up to 10 numbers as family and friends numbers. And calls to the family and friends numbers goes for 11 Kobo per second. Dial *100*9*2# to migrate to GLO Infinito, and *101*1*number# to add a special number to the family and friends list.

GLO YAKATA

Exclusive to new GLO subscribers, the GLO Yakata tariff plan is another awesome plan from GLO, and offers GLO subscribers some rather remarkable call, and data benefits.

GLO subscribers on the GLO Yakata tariff plan enjoy 6 gigabytes of data, which has a validity of 6 months, as well as 2200 Naira for voice calls, every time they recharge 100 Naira.

Some of the benefits of GLO Yakata are:

  • The call benefits enjoyed by the customers allows them to call any network, and they get more benefits with each bigger recharge.
  • The first 200 Naira recharge of every month gives the customer a data bonus that is 2.5 times greater than the normal GLO Yakata bonus. And if the recharge is more than 200 Naira, the data bonus increases proportionally as well.
  • The GLO Yakata data bonus is only available to the customer on the first recharge of each month, and for the first six months since he activated the line only.
  • And the bonus itself has a seven-day validity.

Important: Learn How Internet works and the roles of the different Internet companies in Nigeria here

GLO JOLLIFIC8

The Glo Jollific8 is another tariff plan that is exclusive for new prepaid customers. And this time, the plan gives each subscriber 8X more value on each recharge they make on their mobile phone.

To enjoy the benefits of this plan, the GLO subscribers need to recharge their GLO line with either 100 Naira, or bigger than that. Apart from the 800% bonus on every recharge, subscribers also get free gifting data that can be shared to other GLO users, and a call bonus, which can be used to call all networks in Nigeria.

Read the breakdown below to understand how much voice, and data bonuses you stand to gain on each recharge.

  • N100 recharge gives N800 + 10MB (N50) = N850
  • N200 recharge gives N1,600 + 25MB (N100) = N1,700
  • N500 recharge gives N4,000 + 50MB (N200) = N4,200
  • N1,000 recharge gives N8,000 + 100MB (N400) = N8,400
  • N5,000 recharge gives N40,000 + 500MB (N2,000) = N42,000

GLO JUMBO SIM

One of the few plans that is available to both new and existing GLO subscribers, the GLO Jumbo Sim tariff plan is a prepaid plan that offers a preloaded credit of 200,000 Naira to both the new and existing subscribers, which can be used to send text messages, make calls, and even browse. But these benefits are only available after they have recharged their GLO lines with a certain amount of credit.

But this data, and voice bonus is only available for 14 days after the GLO subscriber has unlocked it, and before the customer unlocks it, it is valid for only 6 months, after which it expires. Dial *224# to migrate to the GLO Jumbo Sim tariff plan.

To check your locked data bonus, dial #122*24#, and dial #122*23# to check the unlocked bonus.

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Airtel Family and Friends 2020

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Airtel Tariff Plan 2020

Today, I am sharing this piece with you on Airtel Family and Friends. However, before I get into the details, let me give you a little run-through of the Airtel Nigeria company.

Airtel Nigeria is one of the most popular network providers within the confines of Nigeria. The reason for the popularity of Airtel is mostly because of its pocket-friendly data and call rates, amongst other interesting features.

These interesting features actually is what has endeared many Nigerians to this network. One of such feature that we will be looking at today in a more in-depth way is the family and friend feature of Airtel.

But before we go fully into this, lets first establish the meaning of the term Airtel Family and Friends, so that we wouldn’t commit the fallacy of ambiguity.

Airtel Family And Friends 2020 – An Overview

Airtel Family and Friends is a duty administration that is accessible to all Airtel prepaid customers. It’s a help that is intended to definitely diminish the general expense of calling your family and friends and family, so you can enjoy more talk time with those people that are so dear to you, hence fabricating a better relationship.

Be that as it may, the numbers you can call at this marked down value is constrained to the numbers you have in your Family and Friends list. keep perusing.

I am vividly aware of the fact that most people, not to talk about knowing the Airtel family and friends code in 2019.

Airtel Jobs/Recruitment: Would you like to work with Airtel Nigeria? If yes, check out this latest Airtel recruitment offer.

How Do Family and Friends Work on Airtel?

Having used this service for some years and being in the field of technology, I have come to the full understanding that out of the number numbers of Family And Friends (FAF) you wish to add on your list, Airtel will just allow you to add 5 people for free and the rest of the people want to add will cost N50 per number added.

I may advise you to only to your FAFS list the numbers you usually call. A person like me, I add only my fiance, aunt, and dad which I do call frequently.

You can add your spouse, customers or family relation numbers. this is only if you do call these persons more often.

Airtel Family and Friends 2020 Code

If you are using airtel network on phone and you are searching for the airtel family and friend (FAF) code, then check below for the airtel FAF code as listed here;

The code for adding a number to your family and friends list is *311*2*number#. Assuming your mother is using airtel network and you want to add her to your list (let’s assume her number is 08133772290) Then you have to dial *311*2*08133772290#. You will instantly receive a message which confirms the successfully adding of the number.

NOTE: Only five (5) numbers are to be added at a time

How to Add a Number on Airtel Family And Friends

Do you want to add a number to Airtel Family and Friends 2020? Then you will need the airtel faf activation code. It’s easy! just dial the following codes *311*2*NUMBER# example, if you want to register 08133772290 to your family and friends list, simply dial * 311*2*08133772290#.

On completing this action, Airtel will send you a message that the number was successfully added to your Family and Friends list. Henceforth, you can be making calls at highly reduced rates to the number/numbers you’ve added.

How To Remove/Delete Numbers on Airtel Family And Friends

If you want to remove/delete a number from your Airtel Family and Friends 2020 list, simply dial  *311*3*NUMBER# e.g if you want to remove 08021234567 from your Family and Friends List, dial *311*3*08021234567# and Airtel will send you a message that a number has been removed from your Airtel Family and Friends list.

Read: Airtel Tariff Plan 2020 – List of Tariff Plans and Price

How to View Registered Numbers In AFAF

If you want to know the numbers that you have in your Airtel Family And Friends list, simply dial *311*4# (airtel faf activation code). All the numbers in your airtel family and friends 2020 list will be shown to you.

Note that these codes (*141*2*Number#; *141*3*Number#; *141*5#) were formally used as airtel faf activation, but are now obsolete and does not work anymore for adding, removing and checking the list of FAF respectively

Airtel Family and Friends Call Rates

The tariffs for the FAF service are uniform across all tariff plans:

  • Peak Periods (6am – 9:59pm): 25 Kobo per second.
  • Off Peak Periods (10pm – 5:59pm): 21 Kobo per second
  • When using SmartConnect bonus: 40 kobo per second, irrespective of the time of the day you make the call.

Do you still have any further question ? feel free to use the comment section and we will get back to you as soon as practicable. And it this article was helpful to you, then use the share button to share it with your friends on Facebook and other social media. Thanks for doing that.

Airtel Nigeria Family and Friends Activation Code

To enjoy the Airtel family and friends plan, this is how to add family and friends on Airtel; that can be done by using this registration code:

*311*2*NUMBER#

For example, if you want to add this number ‘08123456789’ to the Airtel family and friend plan. Then you will have to dial *311*08123456789#. This will allow you to benefit immensely from a cheaper call rate when calling that number.

After dialing the ‘activation code’, a popup message will be displayed on your phone to inform you that the process has been successful.

The limit for adding numbers into the Airtel Nigeria family and friends plan is five phone numbers.

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