Collective investment scheme
Nigeria Mutual Fund Structure Map
Follow money through a Nigerian mutual fundA pooled investment vehicle that combines money from many investors into one professionally managed portfolio. and distinguish the fund managerThe licensed firm responsible for investment decisions and day-to-day management of a fund., custodianA licensed institution that safeguards a fund's cash and securities separately from the manager's own assets., trustee, registrar, auditor, distributor, and SEC Nigeria.
Responsibility chain
Stage 01
Identify the product and responsible entities
The selling brand may only be a distributor. Find the legal fund, manager, trustee, custodianA licensed institution that safeguards a fund's cash and securities separately from the manager's own assets., registrarThe service provider that maintains ownership records and processes specified investor entitlements., and SEC registration before paying.
Who is responsible at this stage?
Choose a lane, then inspect a highlighted participant.
Look here first: inspect You.
Swipe left or right to change stages, or use the arrow buttons.
Follow the four lanes
Money
No money moves while documents, fees, risks, and redemptionThe process of selling fund units back to the fund in exchange for cash. rules are checked.
Assets
The mandate defines which assets the scheme may buy.
Records
The prospectusThe formal document explaining a fund's objective, strategy, risks, fees, governance, and dealing rules., trust deedThe legal document establishing a trust-based fund and defining the powers and duties of its parties., application form, and operator identities establish the structure.
Oversight
SEC supervises the scheme and operators; the trustee monitors for unit holders.
Currently following: Money
No money moves while documents, fees, risks, and redemptionThe process of selling fund units back to the fund in exchange for cash. rules are checked.
Before you commit money
The responsibility test
Three names
Identify the manager, custodianA licensed institution that safeguards a fund's cash and securities separately from the manager's own assets., and trustee as separate responsibilities.
Ownership evidence
Keep a fund statement independent of a distributor dashboard.
Current documents
Check dated prices, reports, fees, and redemptionThe process of selling fund units back to the fund in exchange for cash. terms.
Sources for this stage
These sources support the current stage. Verify later amendments and the specific product documents before acting.
Content reviewed: 11 June 2026
Educational information only. Exact arrangements vary by product and provider and may change. Regulation, quotation, listing, custody, or deposit insurance does not eliminate investment risk.