What is Invest?
Invest is a Vested service that allows users to build and allocate their financial investments. With Invest, Vested users earn more by investing in short-term/lower-risk funds that are not subject to price fluctuation, or medium-term/moderate risk funds that may be subject to price fluctuation. Invest allows you to plan, manage, track, and grow your investments and returns in real-time and from anywhere.
What is a Mutual Fund?
On the Vested app, we have Conservative & Moderate mutual funds. These investment options are tailored to suit your risk appetite. Mutual funds provide you with access to investment markets by pooling your money with the money of several other individuals with similar investment goals. These funds are managed by professional asset or fund managers to meet certain requirements. For example, some funds are designed and managed to maximize returns, and others are designed to minimize risk.
How much interest can I earn with Mutual funds?
The interest rate differs based on the type of mutual fund you are interested in. You can earn up to 15% on your investments. Log into Vested today to check out the various offerings available.
What are the different Mutual Funds available on Vested?
On Invest, you have the option to choose from conservative mutual funds and moderate mutual funds. Please see this article to further understand the different fund options on Vested.
How much can I start my Investment with?
You can start your investment with as low as ₦5,000 (Five thousand Naira).
What is the Management fee about?
The management fee is a percentage the fund manager charges to manage your invested funds and ensure it earns returns. The fee is deducted from your total balance.
The fee is shown for every fund featured on Vested.
Is there a processing fee?
Yes, there is. A processing fee of ₦75 is charged per fund.
Who is an Asset/Fund Manager?
An asset or fund manager is a professional registered with the Securities and Exchange Commission (SEC) responsible for managing and overseeing the money invested in mutual funds and ensuring it earns the highest possible return.
Is there a penalty fee for liquidating investments?
There is no penalty for withdrawing your investments early. However, it is best practice to invest long term to earn maximum returns.