Nova Prime Money Market Fund

Nova Prime Money Market FundA mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits. is a money market funds managed by Novambl Asset Management. It holds NGN 189.52M in net assets, ranking #182 out of 199 mutual funds and #45 out of 47 similar funds.

Money market funds generally focus on short-term fixed incomeInvestments that create contractual or expected interest and principal payments. instruments, so investors usually read them through yield consistency, liquidityThe ease and speed with which an investment can be converted into cash without a major price concession., and the stability of their unit price.

Currently, Nova Prime Money Market Fund's reported year-to-date yield is 15.08% and its reported week-to-date yield is 15.08%. Treat these as yield indicators for comparison, not as proof that the fund earned 15.08% in one week or delivered a cumulative 15.08% investorA person or organisation that commits capital with the expectation of a financial return. return year to date.

The bid priceThe price at which a fund or market participant buys units or securities from an investor. is NGN 1.00 and the offer priceThe price at which a fund or market participant sells units or securities to an investor. is NGN 1.00, leaving a spread of NGN 0.00. A wider bid-offer spreadThe difference between the price at which units can be sold and the price at which they can be bought. can matter for entry and exit pricing, so it should be checked against the manager's current dealing terms.

118 unitholders is useful context, but it should be read with net asset value because a smaller holder count can still represent meaningful institutional or high-ticket participation. The fund accounts for 0% of total fund net asset value and 0% of funds with the same type.