ValuAlliance
Money Market Fund
- 02 / Mutual Funds
The ValuAlliance Money Market Fund (“VMMF”) is an actively managed open-ended collective investment unit trust scheme that invests in money market instruments that qualify as eligible instruments such as short term government securities, unsubordinated short-term debt instruments such as commercial papers, bankers’ acceptances, and fixed deposits.
The objective of the VMMF is to provide investors with steady return on capital, liquidity and capital preservation by investing in a diversified portfolio of high-quality short-term money market instruments.
Key Benefits
- Safety & Reliability.
- Steady income from quarterly interest payment.
- Liquidity.
- Ease of entry and exit.
- Diversification.
- Active Portfolio Management.
What the fund invests in
- Federal Govt. Issued short term securities: 25% - 85%
- Other Money Market Instruments: 15% - 75%
- Cash: 0% - 5%
Parties to the fund
- Fund Manager: ValuAlliance Asset Management LTD.
- Trustee: STL Trustees LTD.
- Custodian: Stanbic IBTC Bank.
- Registrars: First Registrars.
Risk profile
- Suitable for investors with a low risk profile, seeking capital preservation and steady income.
How to Invest
- Complete the Individual/Corporate Application Form. Click on the button below to launch the form:
- Complete the Individual / Joint Account Opening Form or the Corporate Account Opening Form. Click on the buttons below to launch forms:
- Complete the Individual/Corporate Application Form. Click on the button below to launch the form:
- Make Payment to the Bank Account Details below:
- Bank: Stanbic IBTC Bank
- Account Name: STL Trustees/ValuAlliance Money Market Fund
- Account Number: 0035897755
- Steady income from quarterly interest payment.
- Send completed form alongside required supporting documents and evidence of payment to us electronically or physically.
For more information, please see some Frequently Asked Questions and the Abridged Prospectus. Please click on the buttons below to launch the information.
Fund Features
- Minimum Initial Subscription: NGN10,000
- Open-Ended Structure
- Currency: NGN
- Stable Pricing
- Minimum Holding Period: 30 days
- Distributions: Quarterly distribution payment
Key Benefits
- Safety & Reliability
- Steady income from quarterly interest payment
- Liquidity
- Ease of entry and exit
- Diversification
- Active Portfolio Management
Rights of the Unitholder (contained in Clause 5 as amended by the 2022 Supplemental Trust Deed)
- 1. No Unitholder shall be liable to make any further payments to the Trustee or the Fund Manager after he/it has paid the Subscription Price of the Units as the case may be, in accordance with Clause 7 of this Trust Deed, and no further liability shall be imposed on any Unitholder in respect of Units held by him.
- 2. The Unitholders shall not have or acquire any right against the Fund Manager or the Trustee in respect of Units save such as are expressly conferred upon them by this Deed or by any laws regulating this Deed or court orders.
- 3. No person shall be recognized as a Unitholder except in respect of Units registered in his name.
- 4. Each Unitholder has a beneficial interest in the Trust proportionate to the Units held by such Unitholder and shall have such rights as are set out in this Trust Deed and the Prospectus.
- 5. The Fund Manager shall not be treated for the purposes of this Deed as the Unitholder of each Unit during such time that neither the Fund Manager nor any other person is registered as the Unitholder, but nothing herein contained shall prevent the Fund Manager from subscribing for and becoming a registered holder of the Units in the Fund.
- 6. All Investments shall be held as a single common investment to the Fund and no Unit thereof shall confer any exclusive interest or share in any particular part of the Investment.
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7. The Unitholders shall have a right to:
i. mortgage, pledge, charge or otherwise use their Unitholding as security for any debt, loan or obligation entered into by them;
ii. subject to the provision of this Deed, convene a meeting of Unitholders where such holding is not less than 25% of the value of the issued Units of the Fund; and
iii. receive Distributions. - 8. The ownership of the Deposited Property of the Fund is vested in the Trustee and, subject to the terms of this Trust Deed, the right to conduct the affairs of the Fund will be exercised independently by the Trustee on behalf of the Unitholders. The Unitholders of the Fund shall have no interest other than the beneficial interest provided for in this Trust Deed and no Unit of the Fund shall confer any interest or share in any particular part of the Deposited Property of the Fund. The Unitholders shall have no right to call for any partition or division of any portion of the property of the Fund nor shall they be called upon to share or assume any losses of the Fund or suffer any assessment or further payments to the Fund or the Trustee of any kind by virtue of their ownership of Units of the Fund.
- 9. A Unitholder shall have the right to share in the assets of the Fund proportionate to the number of Units held by him in the Fund.
- 10. A Unitholder shall have the right to receive the notice of meetings of Unitholders and attend such meetings either in person or by proxy.
- 11. A Unitholder shall be entitled to require redemption of all or any of his/its Units held in the Fund at the Bid Price by giving notice (either written or via agreed electronic means) to the Fund Manager. In the case of a partial redemption, the Unitholder shall be required to hold at least the Minimum Holding. A processing fee of 20% of the income earned from the redeemed Units will be charged where the redemption occurs before the expiration of the Minimum Holding Period.
Tax Consideration
Income earned by the Fund from money market instruments (such as fixed deposits, commercial papers, or other fixed-income securities), may be subject to withholding tax (WHT).
Risk Profile
The primary objective of the ValuAlliance Money Market Fund is to provide investors with steady returns, liquidity, and capital preservation. The Fund achieves this by investing in a diversified portfolio of high-quality, short-term money market instruments, including government securities, unsubordinated instruments such as commercial papers and bankers’ acceptances, as well as fixed deposits with eligible issuers.
Parties to the Fund
Fund Manager:
Trustee:
Custodian:
Registrar:
How to Invest
- Review the Prospectus and complete the Application Form.
- Submit the Application Form with minimum NGN 10,000 (subject to change in unit price) via electronic transfer to the designated NGN account.
- Receive confirmation and e-statement from the Registrar.
For more information, download:
For assistance, contact: +234 01 466 2000 | info@valualliance.com.
Annualized Fund Yield
As at 24th April 2026
14.95%
Annualized Benchmark
As at 24th April 2026
16.36%
| Date | Yield (%) |
|---|---|