We make it possible for anyone to begin investing with as little as N100 in Nigerian mutual funds or $100 equivalent in Dollar mutual funds and get returns.
To begin investing on Cowrywise, you’ll need to first take a short risk assessment. The results of this assessment will help us suggest the funds you can invest in.
Our listed mutual funds are grouped into three risk levels:
Low Risk: Funds in this category are majorly money market funds. With these types of funds, the price of a unit does not change which means that your capital will be intact and preserved. The returns rate, however, is subject to change on a daily basis.
Medium Risk: These funds are usually a mix of both low risk and high-risk instruments. The mode of earning is usually through capital appreciation as the price of a unit is likely to change daily. Due to the price change, your capital is prone to appreciate or depreciate.
High Risk: These funds are usually equities. Equity funds invest your money in shares of well-performing companies. Just like the medium-risk funds, the mode of earning is usually through capital appreciation as the price of a unit is likely to change.
We have several funds listed under each category, you can choose any based on your preference and risk appetite.
Once you’ve chosen a fund, all you need do is buy some units of the fund to have your money invested in it. You can also specify if you want to automate your investment or if you just want to put in a specific amount and buy more units whenever you want to.
You can learn more on mutual funds here
See this short video clip on how to buy mutual funds with Cowrywise