Cowrywise and Meristem Wealth Management Limited recently agreed on an important partnership. This partnership makes it possible for millions of Nigerians to gain access to affordable mutual funds with as low as NGN1000.
This alliance will blend over 15 years of investment experience from Meristem and the nimble nature of Cowrywise; the only African firm on the list of 50 global startups to watch out for in 2018. Mutual funds to be retailed through this partnership are the Meristem Money Market Fund and the Meristem Equity Market Fund.
Expressing his expectations of this partnership, Razaq Ahmed, CEO/Co-founder, Cowrywise said: “We are assured that with this partnership we’ll be unlocking a new channel to fill in the gap of wealth-building for the mass market. A gap that has been previously dominated by Ponzi schemes and has caused indescribable pains to Nigerians.”
In the same vein, Taiwo Yusuff, CFA, Head of Asset Management, Meristem Wealth Management Limited, had this to say, “Right from the onset, we have been focused on reshaping the Nigerian investment space. With a unique array of products, in the past 15 years, we have been able to keep up with this goal.
Hence, we see this partnership with Cowrywise as a deepening channel for our reshaping goals and our commitments to financial inclusion. It is quite exciting to us, as a team, that our products will now be available to everyone at just NGN1000; we see that as a significant move that will help take participation in the industry to unprecedented levels.”
Settling any worries about disproportionate experiences, Meristem also stated that the sterling experience it offers will not be altered with this retail offering. The overall goal of this partnership, which will involve other top players in the industry, is to ramp up the number of mutual funds’ investors from about 400,000 to over 10 million by 2025.
About Meristem Wealth Management
Meristem Wealth Management Limited (MWML), the first and only GIPS-compliant wealth manager in Nigeria, was incorporated in August 2008 and registered as a Fund and Portfolio Manager with the Securities and Exchange Commission (SEC). Its assets under management (AUM) have grown consistently over the years and were in excess of 190 billion Naira as of December 2018.
Media Contacts
hello@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