Redefining Savings and Short-Term Investing in Nigeria

The DLM Money Market Fund, a newly introduced open-ended structure, aims to revolutionize savings and short-term investing for Nigerians. This innovative fund is designed to provide a platform for investors to earn attractive returns from low-risk instruments while ensuring capital preservation, safety, and liquidity. The fund's core philosophy is built on four key pillars: capital preservation, attractive returns, safety, and liquidity, making it an ideal solution for various investment timelines and risk appetites.

Key Takeaways:

• The DLM Money Market Fund's philosophy is centered on capital preservation, attractive returns, safety, and liquidity, catering to diverse investor profiles and risk appetites.
• The fund invests in treasury bills, commercial papers, fixed deposits with investment-grade financial institutions, other CBN-backed instruments, and near-cash instruments, offering a low-risk investment vehicle.
• The open-ended structure allows investors to enter and exit the fund at any time, providing flexibility and accommodating various investment timelines.
• The ideal investor for this fund includes retail clients, the unbanked, institutional clients, fintech users, diaspora investors, salary earners, retirees, and everyone, serving multiple use cases such as emergency funds, savings, and income generation.
• Investors can invest with small amounts, from personal savings or salary accounts, and can track daily accruals and fund growth in real-time using the DLM Thrive online portal.
• The fund has been audited and is fully regulated by the SEC, ensuring transparency and accountability, with a current size of N1.5 billion.
• Expansion plans include offering the fund to institutional investors and making it available across fintech platforms, cooperatives, and institutions.

Statistics:

• The fund's investment strategy focuses on safe asset classes, including treasury bills, commercial papers, and fixed deposits with investment-grade financial institutions.
• The fund has a robust research team that works hand-in-hand with the portfolio manager to guide investment decisions, ensuring the security of investors' capital while achieving consistent returns.
• Investors can access their funds within 24 hours, and redemptions are processed without penalties, unlike fixed deposits.
• The fund has a board of trustees, a custodian, a registrar, and a solicitor, ensuring compliance and protecting investors.

Sources:

• DLM Money Market Fund
• Securities and Exchange Commission (SEC)