Databank MFUND

Ghana Stock Exchange



Databank Money Market Fund (MFund), Ghana’s first money market fund, was launched in 2004. MFund is a low-risk mutual fund that operates as an investment alternative to a savings account to help you meet your short-term financial needs.

At Databank, we believe that planning for the short term is just as important as planning for the long term. Whether you are planning to start a business, purchase a household item or simply growing your emergency fund, we believe your money should grow – even in the short term. And with many savings accounts paying interest that is far less than inflation (i.e., the cost of living), leaving your money in a savings account is not the best option. Financial independence is about having the money to do what you need to do, when you need to do it, without taking on unnecessary debt.

MFund puts you on the road to financial independence by offering you better returns than a savings account, easy access to your funds, and the peace of mind knowing that your investment is protected.

  • Peace of mind: MFund gives you the peace of mind that comes with knowing you are covered in times of emergencies. In times of emergency, you can turn to your MFund investment for support instead of borrowing.
  • Easy access to your money: You can access money in your MFund account within 24 hours of your request.
  • Potential for higher returns than a savings account: MFund invests in high-yielding money market securities and hence gives you higher returns compared to a savings account.
  • Proven investment expertise: MFund is backed by Databank’s over 28 years of successfully managing people’s money.

Thank you for choosing to invest in Mfund.

Documents required

To complete your application, we will need scanned copies of the following:

  • A completed application form
  • Completed signature card
  • Completed indemnity form
  • 2 Passport size photos
  • Valid Photo ID
  • Copy of your Utility bill (or Google map printout showing where you live)

To download the forms, kindly click below:

1. What is MFund?
MFund is a short-term investment product designed to preserve your capital through investments in high-yielding, high quality money market securities, while simultaneously providing short-term liquidity needs.

2. Why should I invest in MFund?
i. Helps investors create an emergency fund: In times of emergency, you can turn to your MFund investment for support instead borrowing.
ii. Peace of mind: MFund gives you the peace of mind that comes with knowing you are covered in times of emergency.
iii. Potential for higher returns than a savings account: MFund invests in high yield money market securities and hence gives you higher returns compared to a savings account.
iv. Proven investment expertise: MFund is backed by Databank’s 20-year track record of successfully managing people’s money through mutual funds, equity and fixed-income investments.

3. How does MFund work?
MFund pools funds from its shareholders and invests solely in money market investments. Shareholders realize returns when the Fund’s prices increase beyond the price at which it was purchased. Interest earned by the Fund’s investments is reinvested in the Fund.

4. How much do I need to be able to invest in MFund?
The minimum (lump sum) investment that an individual can make into MFund is GHC 50. If you opt to do a regular investment plan, the minimum monthly contribution is GHC 10. As the Fund is open-ended, you can top up your investment at any point in time.

5. Can I invest in MFund using an existing account?
Yes. You can maintain all your mutual fund investments in one Databank investment account. Simply provide the Databank Relationship manager with your account number when you come in to invest in MFund.

6. Can I invest in MFund even if not for emergencies?
Yes. MFund is a great investment for your short-to-medium-term financial needs such as taking advantage of a business opportunity, supporting monthly expenditure, buying a car or any other financial goal you are looking to attain. MFund is also a suitable investment vehicle for investors who may not be comfortable with taking on a lot if risk.

7. Can I access the funds in my investment anytime I need money?
Yes. While you can access your funds anytime, it is recommended that you allow your contributions to remain in the Fund for at least 6 months. This is to ensure that you realize maximum potential gains from your investment.

8. What returns do I make as an investor in MFund?
Returns in MFund are realized from changes in the Fund’s price (relative to the price at which you purchased it at). For example, if you bought a share at GHC 0.15 and the current price is GHC 0.25, then the return on that share is GHC 0.25 – GHC 0.15 = GHC 0.10 (which translates to a return of 66.7%). All interest earned by the Fund’s investments is reinvested in the Fund.

9. Can I make deposits into my account through other banks?
Yes. You can top up your account at any of our partner banks (i.e., Zenith, Standard Chartered, Barclays, UBA, Access and GT Bank). You can also deposit money through our mobile money and online service

Asset allocationEquity: 0% Money market: 100%
Fund typeMoney Market Fund
Front load charge1% on every deposit
Recommended holding periodAt least 3 months
Minimum investment (lump sum)GHC 50
Minimum monthly contributionGHC 10
+ Why Invest in MFUND
  • Peace of mind: MFund gives you the peace of mind that comes with knowing you are covered in times of emergencies. In times of emergency, you can turn to your MFund investment for support instead of borrowing.
  • Easy access to your money: You can access money in your MFund account within 24 hours of your request.
  • Potential for higher returns than a savings account: MFund invests in high-yielding money market securities and hence gives you higher returns compared to a savings account.
  • Proven investment expertise: MFund is backed by Databank’s over 28 years of successfully managing people’s money.
+ Getting Started

Thank you for choosing to invest in Mfund.

Documents required

To complete your application, we will need scanned copies of the following:

  • A completed application form
  • Completed signature card
  • Completed indemnity form
  • 2 Passport size photos
  • Valid Photo ID
  • Copy of your Utility bill (or Google map printout showing where you live)

To download the forms, kindly click below:

+ F.A.Q

1. What is MFund?
MFund is a short-term investment product designed to preserve your capital through investments in high-yielding, high quality money market securities, while simultaneously providing short-term liquidity needs.

2. Why should I invest in MFund?
i. Helps investors create an emergency fund: In times of emergency, you can turn to your MFund investment for support instead borrowing.
ii. Peace of mind: MFund gives you the peace of mind that comes with knowing you are covered in times of emergency.
iii. Potential for higher returns than a savings account: MFund invests in high yield money market securities and hence gives you higher returns compared to a savings account.
iv. Proven investment expertise: MFund is backed by Databank’s 20-year track record of successfully managing people’s money through mutual funds, equity and fixed-income investments.

3. How does MFund work?
MFund pools funds from its shareholders and invests solely in money market investments. Shareholders realize returns when the Fund’s prices increase beyond the price at which it was purchased. Interest earned by the Fund’s investments is reinvested in the Fund.

4. How much do I need to be able to invest in MFund?
The minimum (lump sum) investment that an individual can make into MFund is GHC 50. If you opt to do a regular investment plan, the minimum monthly contribution is GHC 10. As the Fund is open-ended, you can top up your investment at any point in time.

5. Can I invest in MFund using an existing account?
Yes. You can maintain all your mutual fund investments in one Databank investment account. Simply provide the Databank Relationship manager with your account number when you come in to invest in MFund.

6. Can I invest in MFund even if not for emergencies?
Yes. MFund is a great investment for your short-to-medium-term financial needs such as taking advantage of a business opportunity, supporting monthly expenditure, buying a car or any other financial goal you are looking to attain. MFund is also a suitable investment vehicle for investors who may not be comfortable with taking on a lot if risk.

7. Can I access the funds in my investment anytime I need money?
Yes. While you can access your funds anytime, it is recommended that you allow your contributions to remain in the Fund for at least 6 months. This is to ensure that you realize maximum potential gains from your investment.

8. What returns do I make as an investor in MFund?
Returns in MFund are realized from changes in the Fund’s price (relative to the price at which you purchased it at). For example, if you bought a share at GHC 0.15 and the current price is GHC 0.25, then the return on that share is GHC 0.25 – GHC 0.15 = GHC 0.10 (which translates to a return of 66.7%). All interest earned by the Fund’s investments is reinvested in the Fund.

9. Can I make deposits into my account through other banks?
Yes. You can top up your account at any of our partner banks (i.e., Zenith, Standard Chartered, Barclays, UBA, Access and GT Bank). You can also deposit money through our mobile money and online service

+ Fund Details
Asset allocationEquity: 0% Money market: 100%
Fund typeMoney Market Fund
Front load charge1% on every deposit
Recommended holding periodAt least 3 months
Minimum investment (lump sum)GHC 50
Minimum monthly contributionGHC 10
Databank Financial Services Limited