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Afrinvest Plutus Fund’s offering to close December 18

Investors with objective of generating assured earnings on their investments have been urged to take advantage of the ongoing Afrinvest Plutus fund, a money market investment, which has been scheduled to close on 18th December, 2017.

The fund offer, which opened on Monday, November 20th, 2017, according to the fund managers, will be a beneficial investment for all classes of investors, as it is good for both individual investors, corporate investors, collective investment and for third party investments

The Afrinvest Plutus Fund is a money market fund approved by the Securities & Exchange Commission that allows you invest in low-risk, short-term, and highly liquid securities. Subscription opened on Monday, 20 November 2017 and closes on Monday, 18 December 2017.

According to the fund managers, the Afrinvest Plutus Fund allows subscribers with as low as N5,000 to gain access to a diversified portfolio of short-term, highly liquid investment instruments like Treasury Bills and Bankers’ Acceptances, with a projected return of 16% plus capital appreciation as well as dividend payments quarterly on profits from the fund.
The fund attracts with investment benefits, such as, consistent quarterly income through dividends and distributions from the net income every quarter, preservation of capital with the well diversified portfolio of short-term, low risk money market instrument as well as more competitive returns because “you“ the investor is contributing to a pool of funds.

Also, the fund allows for easy entry and exit into the Fund as it is designed in a way that a prospective investor can invest in the Fund an initial sum of N5,000 (50 units), with subsequent multiples of 50 units thereafter.
According to the fund managers, the minimum holding period for the fund is 91 calendar days from the date of subscription, and if the investor wishes to redeem the investment before this time, one is billed to forfeit 20 per cent for the returns accrued on such investment.

To get return s on investment, the subscriber will receive dividends and distributions from the net income of the fund on a quarterly basis provided the fund makes a profit in the quarter.

Meanwhile, upon receipt of the documents and investors subscription account, by the fund, the investor account will be opened, and the fund managers will communicate same to the subscriber.

Bonny Amadi

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