Fund Operations
Minimum Initial Investment
Definition
What is Minimum Initial Investment?
The smallest amount required to open an investmentAn asset or commitment of money made with the expectation of future income, growth, or both. in a product.
Example in practice
How This Looks in Practice
A fund requires at least ₦5,000 for the first subscriptionThe process of buying new units in a fund by submitting money and a valid instruction..
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Related Terms
Fund Operations
Dealing Cut-Off Time
The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsValuation Point
The specified time at which a fund values its assets and calculates dealing prices.
Fund OperationsForward Pricing
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
Fixed IncomeBond
A debt security through which an investor lends money to an issuer in return for promised payments.