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
How many years is the United Capital Sukuk for and how much profit does it pay per year?
You can invest for as long as you wish, as your investments in the fund are accessible at anytime.
Hi Ganiyat.
You make a profit on the United Capital Sukuk Fund by earning Dividends which are paid annually.
There are no specific numbers/profits available. Fund managers make payouts depending on how the fund performed. (And it did really well last year!)
You may also have Capital Gain if you sell your units at a higher price than you bought.
Happy to help if you have any other questions!
How much can someone invest in d Sukuk. How much is d profit? For how many months or years? Is it possible to invest for ones children or there is any investment for children?
You can start with any amount, and your investments in the fund are accessible at anytime.
Hi Ohia.
You make a profit on the United Capital Sukuk Fund by earning Dividends which are paid annually.
There are no specific numbers/profits available. Fund managers make payouts depending on how the fund performed. (And it did really well last year!)
You can invest for as long as you like.
You may also have Capital Gain if you sell your units at a higher price than you bought. And yes, you can start investment plans on behalf of your Children. ?
Happy to help if you have any other questions!
How much is per unit of this fund currently and how much was it when it was first introduced? Does it fluctuate like shares? How much dividend per unit was paid last year? Thank you.
Can I personally check where my money has been invested?