AXA Mansard Money Market Fund: A Low-risk Cash cow?

AXA Mansard is popular for its affordable insurance and healthcare management plans, but their investment arm could get you very interested.

The AXA Mansard Money Market Fund seems to be the perfect investment plan for many millennials today.

With liquidity and flexibility at the core of this Money Market Fund, you could get your money growing and moving just the way you want it to.

In this review, we’ll be taking a look at the AXA Mansard Money Market Fund and why it could be just the investment you’ve been looking for.

What is the AXA Mansard Money Market Fund?

The AXA Mansard Money Market Fund is a kind of mutual fund that pools funds towards investing in various liquid Investments.

Typically AXA Mansard invests in a diversified portfolio of fixed deposits, Treasury bills, forex, and various other money market instruments.

How Does AXA Mansard Make Money from this Investment?

AXA Mansard charges a yearly management fee of 1.25% which is deductible from the total gross ROI.

How to Invest in AXA Mansard Money Market Fund

To invest in AXA Mansard Money Market Fund, you could do so via their website here or the MyAXA Plus Mobile App.

How Much ROI Does the AXA Mansard Money Market Fund Offer?

As at business ending yesterday, the gross ROI for AXA Mansard Money Market Fund stands at 9.24% per annum.

After deduction of the annual management fee of 1.25% the net ROI stands at 8.09%.

The returns accrue daily and payable to investors every quarter.

Is AXA Mansard Money Market Fund Legit or Scam?

The AXA Mansard Money Market Fund is as legit as it gets.

Not only is AXA Mansard a household name when it comes to anything insurance and healthcare plans, the investment arm of the company is duly registered with the SEC as fund and portfolio managers.

The AXA Mansard Money Market Fund also has a rating of A- from Augusto & Co; a Pan-African credit rating agency.

What I Hate About AXA Mansard Money Market Fund

There’s almost nothing to hate about AXA Mansard Money Market Fund. If anything, it would be my want of more returns for my investment.

Who doesn’t need more money?

What I Like About AXA Mansard Money Market Fund

I like the fact that this investment has low entry and exit barriers, plus lots of flexibility.

With a capital as low as two thousand Naira (2,000) you could start investing in the AXA Mansard Money Market Fund.

Plus, you could exit the investment at any time you want, since it is zero tenured and as liquid as they come.

The investment is also available all year round, so you could invest at any time of the year, on a business day.

This just feels like a perfect place to start for a beginner investor.

Can You Lose Money With AXA Mansard Money Market Fund?

Not really.

With a fund size of 28 billion Naira and custody and trustee partners such as FCMB Nominees and Investment One respectively, your money is in relatively safe hands.

Also, the types of instruments where the fund is invested carries almost zero risks.

There could be delay of payment if any glitch occurs, but I don’t see a scenario where there is loss of investment.

Should You Invest in AXA Mansard Money Market Fund?

Unequivocally yes.

This is a good place to start if you want to keep your money in a safe place, with some room for growth.

While this investment might not give you blockbuster returns, at least you’d be rest assured that you’re holding a low-risk portfolio.