Money Market Fund (MFUND)
Over the past decade Databank has been spearheading the emergence of Ghana as a regional financial center. This is being achieved by delivering superior financial services to investors, inducing a passion for excellence in our employees and returning exceptional value to our shareholders and society.
It is in pursuit of this vision that Databank introduces to the Ghanaian market, The Databank Money Market Fund (MFUND).The Databank Money Market Fund (MFUND) was incorporated on November 18, 1998.
On January 6th, 2004, MFUND was licensed by the Securities and Exchange Commission (SEC) to operate as the first money market mutual fund in the history of Ghana. A money market mutual fund is a specialized company that pools money from several investors, to invest in short term high yielding debt instruments thus enabling investors enhance the interest on their savings.
MFUND seeks to provide high current income consistent with the maintenance and preservation of capital.
MFUND will offer superior returns on savings to Ghanaians and also enable industry to access cheaper sources of credit to meet their short to medium term financial needs.
Other benefits of the fund are; investors can expect a steady and regular flow of income to meet their monthly and quarterly expenditures while enjoying easy access to the expertise of a professional fund manager.
MFUND is also targeted at Ghanaians who traditionally do not save with the banks. The fund is managed professionally by Databank Asset Management Services Limited, Ghana's leading Investment Managers.
Investments in MFUND can be done with a minimum monthly contribution of GH¢ 5 or a lump sum of a minimum of GH¢50
Subscription to the MFUND can be made at our offices in Accra, Tema and Kumasi.
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