Databank MFUND

Ghana Stock Exchange



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

At Databank, we believe that planning for the short term and medium is just as important as planning for the long term. Whether you are planning to start a business, make a large purchase or plan for unexpected costs, 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 may not be 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.

To help you achieve these objectives, MFund has been specially designed in two tiers:

  • Tier 1 invests in fixed-income instruments for short-to-medium term goals
  • Tier 2 invests in money market instruments for short-term needs.

MFund puts you on the road to financial independence by giving you access to high-yielding fixed-income short-term instruments to help you prepare for your short-to-medium term needs, 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 when planning for life events – both expected and unexpected. You can turn to your MFund investment for support instead of borrowing.
  • Potential for higher returns than a savings account: MFund invests in high-yielding money market securities and hence has the potential to give you higher returns compared to a savings account.
  • Proven investment expertise: MFund is backed by Databank’s over 30 years of successful investment management and helping clients achieve their financial goals.

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 indemnity form
  • Passport size photos
  • Valid Photo ID
  • GPS Address, copy of your utility bill or Google map printout showing where you live

To download the forms, kindly click below:

You can open an account at any Databank location, online or via our USSD code *6100#.

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

2. Why should I invest in MFund?
i. Helps investors create an emergency fund: You can turn to your MFund investment in times for your short and medium-term needs or during emergencies instead borrowing.
ii. Peace of mind: MFund gives you the peace of mind that comes with knowing your short-to medium-term needs are covered.
iii. Potential for higher returns than a savings account: MFund invests in high-yield fixed income and money market securities and hence has the potential to give you higher returns compared to a savings account.
iv. Proven investment expertise: MFund is backed by Databank’s 30-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 fixed-income instruments (Tier 1) or money market investments (Tier 2). 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 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 1 year for Tier 1 and 3 months for Tier 2. This is to ensure that you realize maximum potential gains from your investment.

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 1 year for Tier 1 and 3 months for Tier 2. 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). 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., Absa, Access, CBG, Fidelity, GCB, GTBank, UBA, and Zenith). You can also deposit money through our mobile money and online service platforms.

Asset allocation100% Fixed Income
Fund typeFixed Income fund
Front load charge1% on every deposit
Recommended holding periodAt least 1 year
Minimum investment (lump sum)GHC 50
Minimum monthly contributionGHC 10
Asset allocation100% Money Market
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 when planning for life events – both expected and unexpected. You can turn to your MFund investment for support instead of borrowing.
  • Potential for higher returns than a savings account: MFund invests in high-yielding money market securities and hence has the potential to give you higher returns compared to a savings account.
  • Proven investment expertise: MFund is backed by Databank’s over 30 years of successful investment management and helping clients achieve their financial goals.
+ 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 indemnity form
  • Passport size photos
  • Valid Photo ID
  • GPS Address, copy of your utility bill or Google map printout showing where you live

To download the forms, kindly click below:

You can open an account at any Databank location, online or via our USSD code *6100#.

+ F.A.Q

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

2. Why should I invest in MFund?
i. Helps investors create an emergency fund: You can turn to your MFund investment in times for your short and medium-term needs or during emergencies instead borrowing.
ii. Peace of mind: MFund gives you the peace of mind that comes with knowing your short-to medium-term needs are covered.
iii. Potential for higher returns than a savings account: MFund invests in high-yield fixed income and money market securities and hence has the potential to give you higher returns compared to a savings account.
iv. Proven investment expertise: MFund is backed by Databank’s 30-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 fixed-income instruments (Tier 1) or money market investments (Tier 2). 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 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 1 year for Tier 1 and 3 months for Tier 2. This is to ensure that you realize maximum potential gains from your investment.

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 1 year for Tier 1 and 3 months for Tier 2. 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). 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., Absa, Access, CBG, Fidelity, GCB, GTBank, UBA, and Zenith). You can also deposit money through our mobile money and online service platforms.

+ Tier 1
Asset allocation100% Fixed Income
Fund typeFixed Income fund
Front load charge1% on every deposit
Recommended holding periodAt least 1 year
Minimum investment (lump sum)GHC 50
Minimum monthly contributionGHC 10
+ Tier 2
Asset allocation100% Money Market
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