What are the different types of mutual fund on the Optimus app?
There are three naira mutual fund and one dollar mutual fund.
Afrinvest Equity Fund (AEF): Afrinvest Equity Fund invests in shares of companies listed on the Nigerian Exchange Group. This is a high-risk investment and suitable for investors with high-risk appetite.
Afrinvest Plutus Fund (APF): Afrinvest Plutus Fund offers the safety of capital and allows users of all income levels to invest in low-risk short term, highly liquid securities like treasury bills and commercial bills. This is a low-medium risk investment and suitable for investors with low or medium risk appetite.
Nigeria International Debt Fund (NIDF): Nigeria International Debt Fund invests in FGN bonds, corporate bonds, and selected money market instruments. NIDF is best for investors with low-medium risk appetite as well as relative patient capital and suitable for investors with low risk appetite.
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What is a mutual fund?
A mutual fund is a pool of money from many investors that are invested in different assets such as stocks, bonds, or money market instruments.
How do I fund my Naira wallet on Optimus Account?
Log in to the app Click on ‘Add money’ Click on ‘Naira Wallet’ Choose the method you want to use to fund There are different methods you can use to fund your Naira wallet Through bank transfer Through money tags by sharing your tag with another ...
How do I fund my Dollar wallet on Optimus Account?
Log in to the app Click on ‘Add money’ Click on ‘Dollar Wallet’ Choose the method you want to use to fund There are different methods you can use to fund your Dollar wallet From your Naira Wallet Transfer Naira from your bank account equivalent to ...
What is the interest rate on each mutual fund on the app?
There is no fixed interest rate on any mutual fund investment. Interest rate is dependent on the movement of the market.
I have Afrinvestor app, why do I need Optimus app
Optimus by Afrinvest app allows you to save and invest (mutual funds and US stocks) while the Afrinvestor app allows you to buy Nigerian stocks, FGN Bonds, Treasury Bills etc.