Cowrywise and Afrinvest Asset Management Limited have partnered to offer Nigerians access to investment opportunities with as low as N100. Cowrywise users will now be able to invest in mutual funds including the Afrinvest Plutus Fund, Afrinvest Equity Fund and the Nigeria International Debt Fund.
This partnership comes on the back of a joint commitment to deepen financial inclusion and demystify investments in Nigeria. With the introduction of Afrinvest’s products on the Cowrywise platform, our users can make quick, easy and well-informed investment decisions. Furthermore, our mutual funds’ platform boasts a risk assessment process that guarantees the proper matching of investors with the most suitable funds; based on their risk tolerance and investment objectives.
In speaking to the primary objective of this collaboration, Ola Belgore Managing Director, Afrinvest Asset Management Ltd., said, “Over the years, we have worked tirelessly to deliver innovative investment products and services that cater to investors at various income levels. Our goal is to prove that no matter who you are, where you come from or what you do, we have the right product for you. We are, therefore, excited about this partnership with Cowrywise because it gives us a unique opportunity to reach the thousands who are taking bold steps in the right direction towards financial responsibility.”
Our CEO, Razaq Ahmed, CFA, had this to say of the value of this partnership, “Our partnership with Afrinvest is a significant stride in our efforts to boost active retail participation in the capital market to 10 million Nigerians by 2025. We are, therefore, proud to once again deliver affordable and profitable investment products that will deliver immense value to Nigerian investors. We are eliminating the barriers to entry by allowing every Nigerian to take advantage of profitable investment options with as little as N100; an opportunity that would have otherwise been unattainable. We are saying come one, come all.”
In keeping with the goal for financial inclusion, investors in any of the Afrinvest products on the Cowrywise platform will enjoy the same benefits as any other type of investor including capital preservation and income generation as applicable.
About Afrinvest Asset Management Limited
Afrinvest Asset Management Limited (AAML) is licensed by the Securities and Exchange Commission (SEC), Nigeria, as a portfolio manager. The wealth management firm has introduced more retail-focused products and services that have significantly increased access to investment products including the Afrinvest Gift Shop which allows clients to gift loved ones with investments; and the Afrinvest Plutus Fund which allows clients to invest with as little as N5,000. For more information, visit www.aaml.afrinvest.com.
Contacts:
Call 07000COWRYWISE (i.e, 07000269799473) or send a mail to support@cowrywise.com
Good and accurate update ? keep the good work.
Keep it up cowry wise..I have already invested for the new year..Wonderful platform ???
I need to know..
why do I need to invest in mutual funds where I still face the risk loosing money while I could just leave my funds in my savings where I earn up to 11.5% interest..
..
The choice is yours at the end of the day. What mutual funds offer is diversification.
What kind of savings pls? I need to join in that.
You mean money market right
You mean money market
????
You earn 11.5% interest in your savings?
Which kinds of savings plan gives you the 11.5% interest? Only see such when you invest a period of above 4 years+.
Do you know about that???
Which funds are currently on, minimum investment, for how long and what is the ROI?
All funds are currently on. You can start with any comfortable amount, and also check out the ROI within the app.
Hw mch is the mutual funds rate
Pls Ope, I need more financial education on aforementioned topic both on the benefits and risk. Keep the good work
Hi there, have you checked out my other articles?
Thanks so much ope for the information… God bless you
Thank you
Good one, I can now invest at ease.
Thanks Ope.
Beautiful!
Gudday Ope .As a beginner on which of your savings platform can i start with and would the ROI be monthly or for how long i keep operating the deal?
Hello Dami, you can start with the money market funds on the platform or our regular savings. All rates are annual, but you can monitor them daily.
Thanks ope
This is a great article. Currently looking for how to invest in the mutual fund. But I need to read More of your articles for more understanding.
Bye the way is market money different from mutual fund? Enlighten me please.
Can they invest dollars Investment in the bank in Nigeria and which of the bank about from cowrywise apo
Can they invest dollars Investment in the bank in Nigeria and which of the bank apart from cowrywise app
How much can invest in Meristem Money Market Fund . what is the duration of investment. Is it 6 months or i year
Hello Edime, you can invest as low as N100. The duration can be as long and as short as you would like.
When you say it’s 11 percent, how does that reflect on money gotten back to the investor? How will the investor get money if the fund performs at let’s say 11 percent.
The rates here show how much was earned by each mutual fund we have in 2019.
How do I invest in dollar mutual funds? The ones on my dashboard are mostly naira mutual funds…
Hi Emmanuel.
Dollar funds are available on everyone’s Cowrywise account.
Please log into your account. You’ll find “Invest in Dollar mutual funds” on your homepage.
Click it and you can then begin investing in any of the Dollar mutual funds.
Mr. Ope pls I don’t know how do i start investing
Hi!
I’ll advise you to begin by reading this – https://cowrywise.com/blog/how-mutual-funds-work/
It’ll answer a few of your questions about Mutual Funds.
You can then begin investing by choosing from the funds detailed here https://cowrywise.com/mutual-funds