How a Mutual Fund Works

The mechanics is quite simple, money is pooled by investors into an account and then invested in instruments such as stocks and bonds, real estate on behalf of all the investors in the fund. Structure - The management of a typical mutual fund would involve different organisations, such that there are multiple layers of security …

What is in the News: FG Considers Imposing Excise Duty on Carbonated Drinks

Another day, another tax note from the federal government. At the ongoing annual meetings of the IMF and World Bank, Zainab Ahmed, the minister of finance announced that the government was considering imposing excise duties on carbonated drinks i.e. soft drinks. At the moment, excise duty of 20% is being paid on beer, stout, spirits, …

Benefits of Investing in a Collective Investment Scheme

When you invest via a collective investment scheme, you are entitle to a pro-rata share of the profits and losses, risk and rewards that accrue to the securities in that pool. So what are the benefits Experienced professionals manage your money Low cost of entry, compared to direct investment. Can get your money back promptly. …

Different Types of Collective Investment Schemes

A collective investment scheme is a scheme in whatever form that allows different individuals to pool their resources together for the purpose of investing their pooled funds. Each individual holds participatory interest in the joint assets and share the risks and rewards in proportion of their participatory interest in the scheme. The broad categorisations include: …