Fund Operations
Minimum Initial Investment
Definition
What is Minimum Initial Investment?
The smallest amount required to open an investment in a product.
Example in practice
How This Looks in Practice
A fund requires at least ₦5,000 for the first subscription.
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Related Terms
Fund Operations
Dealing Cut-Off Time
The deadline by which a valid fund instruction must be received for a particular dealing day.
Fund OperationsValuation Point
The specified time at which a fund values its assets and calculates dealing prices.
Fund OperationsForward Pricing
A fund-pricing method under which orders receive a price calculated after the instruction is accepted.
Fixed IncomeBond
A debt security through which an investor lends money to an issuer in return for promised payments.