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Frequently Asked Questions


Answer

The AXA Mansard Money Market Fund is a low risk open-ended fund that seeks to provide stable income as well as safety of principal and interested accrued. The Fund pools monies of several individual and corporate investors that enables the fund manager bargain for higher interest rates when investing.

The Fund invests only in a broad range of eligible money market securities – Treasury bills, Fixed Deposit and Guaranteed Commercial Papers with Investment rated financial institutions and other instruments. The Fund can also be used towards accumulation of funds for rent, wedding, car purchase, birthing cost etc.

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Everyone is eligible to invest. Both Individual and corporate investors with seeking safety and preservation of capital as well as attractive returns can invest in the AXA Mansard Money Market Fund.

The minimum initial amount that can be invested is N2,000.00

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The expected return is based on money market conditions and is determined by the weighted average yield of the portfolio. For current returns please visit our website www.axamansard.com. The income on the fund is calculated daily and the investor has the option of their income paid out or re-invested quarterly.

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Units can be only be bought from AXA MANSARD by completing a subscription form. Our subscription form can be filled online via our website www.axamansard.com; alternatively, it can be obtained from any of our welcome centre agents or via our relationship managers. Additional documents required include one passport photograph, means of Identification and utility bill.

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There are many advantages of investing in the Fund including:

  • Safety:The Fund ensures safety of both principal and interest accrued.
  • Returns:The Fund provides attractive returns and when compared to a normal savings account, the AXA Mansard Money Market Fund offers a lot more return on your investment.
  • Affordability: The Fund represents an investment opportunity that allows investors earn steady income without substantial initial investments.
  • Professional Management: The portfolio managers are skilled and experienced professionals and will bring this expertise to bear in the management of the Fund.
  • Performance Monitoring: An Investment Committee will monitor the Fund’s activities and performance on a regular basis.
  • Accessibility:Easy accessibility to the fund via the use of electronic platforms and debit cards. Transactions in the fund can be conducted via physical and electronic channels.
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Payments can be done via the following channels:

  • Online payments via our website www.axamansard.com (please note that funds will be received within 1-2 days)
  • Bank Transfer: Please include your client number in transfer remark, so the funds may be easily tagged to your account.
    FBN INVEST. ONE FIN. SERV/AXA MANSARDMONEY MRKTFUND 2029956476
    FCMB INVESTMENT ONE FINANCIAL SERVICES LTD/AXA MANSARDMONEY MRKTFUND 0406315103
  • Cheque or bank draft (made payable to AXA Mansard Money Market Fund)
  • USSD code *737*50*AMOUNT*292#
  • POS at the welcome centers
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Yes it can be liquidated within 24hours provided the redemption instruction is received and all outstanding documents are in place.

There are no penalties or additional charges for withdrawal.

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To redeem online, simply log on to your account and click liquidate. The funds will be received in the designated account within 24hours.

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The Fund assets are denominated in Naira and, as such, capital inflows by foreign investors who subscribe to the Fund shall be converted to Naira at the exchange rate as advised by the Fund Manager’s Bankers.

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Yes, it is possible to invest for minors. Birth Certificates, filled sponsor form and the sponsor’s KYC documents must be provided.

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The unit price remains constant at N1.00 per unit. The money market fund is operated under the single price methodology that distinguishes the principal from the interest.

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All investment in the money market fund are invested in money market instruments- Treasury bills, Fixed deposits and guaranteed Commercial Papers solely at the discretion of the fund managers in line with the SEC-approved asset allocation.

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The Fund Manager will pay dividends (accrued interest) and distributes this on a quarterly basis. Unit holders, upon subscription shall have the option of the accrued interest paid into their designated bank account or reinvested which means that the income will added back to the principal.

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There is no closing date for the Fund as it is open-ended.

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Kindly send an email to clientservices@axamansard.com and we will contact you within 24 hours.

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Redemption takes 24hours from the date your request is received by us. In the event that this is not the case and you are yet to receive the proceeds of your redemption, please call 01-2799874 or send an email to clientservices@axamansard.com

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To view your account online log on to www.axamansard .com. Daily returns can be viewed on our website www.axamansard.com. Quarterly statements are sent to client’s designated email account and can also be requested for specific periods.

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Kindly send an email to clientservices@axamansard.com and we will contact you within 24hours.

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