
Do mutual fund terms still confuse you? Let’s help. This article explains some common mutual fund terms in simple English.
Mutual Funds ?
Let’s start from the beginning, right? A mutual fund is similar to gathering funds to buy a box of pizza from a chef. Mutual funds pool money from various small investors to make massive investments at once.
The Fund Manager ???
The fund manager is like the chef who you trust with your money to make a great pizza. After pooling the money together, he goes around to source the right materials to make a great pizza. In essence, the fund manager is the professional who oversees the money invested in a mutual fund; to make sure it earns more money.
The Trustee ??⚖️
To ensure the chef does things right, you need someone to monitor that he delivers the exact pizza he promised. So, a supervisor steps in. That’s exactly what the trustee does. Trustees ensure that fund managers invest your money rightly and earn you correct returns.
The Registrar ???
Now, what if the pizza gets ready and the chef claims you didn’t pay him? Well, that will be impossible if you had a legitimate receipt right? A registrar, in the case of a mutual fund, provides you with that receipt.
Mutual Fund Types ???
Just as you have various pizza types, you have mutual fund types. The common ones are equity funds, fixed-income funds, and balanced funds. Equity funds invest your money in shares of high-flying companies that are carefully selected. While fixed-income funds invest in low-risk investments that are backed by a promise - government debt for instance; in which the government borrows x and agrees to pay back with a certain percentage. Finally, balanced funds. As the name suggests, they mix the earlier options.

Risk Assessment ??♀️
Moving on, every good chef should understand how much spice you can handle before making your pizza, right? So, they ask and craft something in line with that. We at Cowrywise are good chefs also. Before you invest in any fund, we take you through a spice test (risk assessment). Based on the results, we suggest the best-fit funds for you. Equity mutual funds are very spicy, that is they are for high-risk investors. On the other hand, fixed-income funds are a little bit spicy, while balanced funds are moderately spicy.
You can take a simple risk assessment and Get started.
To better explain these mutual fund terms, we made this video for you.
I can’t open my acct dat y av nt been saving..
It like I forgot d my password.
After Bible it’s the richest man in the Bible I love most. The wisdom is eternal.
You probably should request a password recovery mail.
A most inspiring, and enlightening, book on finances; on proper management of funds (saving and investment).
A highly recommended guide for anyone desirous of excess gold to jingle in their wallet.
Thanks!
I am glad that you loved it!
I love your words of encouragement on how we have saving.
Whoa!,thanks ope..
Glad I could help. Don’t forget to share with friends.
I am inspired by this…
I have myself read the Richest man in Babylon twice. The book if understood would change the financial life of the reader forever if applied. Thanks for reminding me once more.
Thanks for this Ope
I love how one doesn’t only have to invest in cowryrise, it is also a platform to learn.
Thanks ope
Cowrywise is really helping us to be wise in spending and saving. Thanks for this piece…
Beautiful read and full of wisdom.
Thanks for sharing
Good evening ope, what are the investment plans for a student?
Our regular plans are great.
I made a transfer from my stash to my bank yet no credit
All am seing is pending
Please what is going on
Hi Prosper.
Kindly send an email to support@cowrywise.com to rectify this.
Really nice, thanks alot
Pls,how can I get the book?
Thanks so much
I love cowrywise I think is among the best thing that happened to me this Year 2019… thanks for this saving App
Thanks so much. Need to read this book. I downloaded the ebook but yet to read it. Will sure do. Thanks for this inspiration Ope.
Hi Ope, even though I have never met you, I just want to say thank you for all you do?. And thank you cowrywise? .
Interesting….. Thanks a lot Ope
Thanks a lot Ope…
I always feel special when i recieve a message from Ope
Is good I love it
Wonderful advice!
Thanks
Thanks for the advised Mr Ope
After reading everything I have decided to go back to my saving culture with Cowrey wise as the savings really heaped me during the luck down in 2018. I was able to save some money which really helped me when salary was not paid and as business shutdown. Thank you Ope, for this article ?
Ope has Don well dey should keep the good work
Thank you Ope. The simple tips came in handy.
I love this 7 nuggets so motivating. Before now I started reading the book but stopped half way but now I will start all over and complete it.
Thanks so much Ope.
Thank you so much for this Ope!
I started saving with Cowrywise late last year and much happy I did. Thanks, Ope for this piece, seen that book a lot but have less time to read it till the end, glad have someone give a summary ):
I just started saving with cowry wise in December and with this information and so eager to do more. Thank you Ope.
Hello Admin
I love this platform …I’m a Digital marketer expert which i work under a firm..I introduced this to them..The Director of my firm would like to have chat with your CEO before he recommend it for all members. How can i link you up? Many are asking of the risk..If i would be responsible for it …We are hundreds in this firm… It would be good if you can contact me directly sharing your whatsapp number via my email…Thanks
Hello Ayo, thanks for your patience. Please send an email to support@cowrywise.com.
Yes oo… I have read the novel “the richest man in Babylon” thanks for the 7 money Lessons….
This is really good. I feel very save using cowrywise.
That is great to know.
Why is it taking tikme for your customer representatives to reply.. i Have credited the providus account provided and still my balance in does not reflect in my Plan
Interesting I love this
i have had savings issue for a long time …..but ever since i joined cowry…everything changed
So glad to hear this.
Pls I could access my bvn hope no problem. Is say we couldn’t validate Ur bvn
I could nt access my bvn it tell me we couldn’t validate Ur bvn
Hi there. If this is still pending, you can settle all BVN issues through details in this link:
https://intercom.help/cowrywise/en/articles/3711418-got-concerns-about-your-bvn
What is the title of the book?
I have read the book and been applying it’s principles ever since. It’s one of the best I have read so far. Thanks for recommending it again.
Thanks, this just cured me of my obsession to buy a new golden shoe.
You’re welcome.
I’m glad you read it just in time.
Ope great Job! I hope to meet you someday. I am always intrigued by the quality of Content you share. Take 3 gbosa ??
Thank you! ???
Indeed, the ideal of investing in oneself should be daily routine is highly commendable. Thanks for the continuous awareness. Regards
Thanks for reading, Joye! ??
What is the interest rate in the simple investment plan?.
This is very good and lovely. I am glad it read it..
It will help me save and invest more.
I have a question which I don’t want to ask here.
Awesome! Glad it helped, Alex.
Please send a mail to support@cowrywise.com to ask or send us a DM on any of our social media handles.
Read this book sometime in the past, basic and true. Thanks Ope for the enlightening reminder.
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Read this book 3times before and each time I open it its like something new is discovered.
Thanks Ope for all your updates.
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This book is really nice, so helpful I love it
Thanks for sharing.
You’re welcome!
Ope, great job. Just started using cowrywise say, a month back. But, for this short time, your regular updates regarding investments have always reminded me of why I should step up my game on my savings habit. Thank you for all you do and still doing to help and support cawrywise clients or investors. We look forward to steady and regular updates on all that cowrywise do. Thumbs up to you all. Cheers!
What a nice write up.It’s really educating.
Thank you!
Yes my mentor, this is really an eye opener,..it makes me to rethink of my next move.. thank you
Security is important, and hence our proactive approach to security of savings through our Trust structure that allows all assets to be held by our trustees on behalf of savers.
Yeah it lovely. I will try to buckle down in my savings.
ksunday885@gmail.com
Please I need a loan for a business I’m totally down I real need a loan please help me out I promise to pay back in due data my mother is totally down all because of no money for her treatment
This book continues to create an awareness of principles for wealth creation . Thank you ope
Meanwhil i just love your web page its interactive and legible.
Wow , content writers here are really good , I love how OPE related the lessons of this book to what cowrywise does.
The Richest Man in Babylon is one of those books that has been on my “To Read” shelf for years?. The only reason I finally picked this up today was to catchup with my non-fiction reading goals. Turns out, this is actually a fantastic read! Nice piece Ope..
I’m new to cowrywise.. please I need more enlightenment so as to share with family and friends..
Thanks
Inspiring.