FAQs

Get answers to frequently asked questions about our funds and processes.

GENERAL
PRODUCTS
DEFINITION OF TERMS

Yes you can do that by filling a direct debit form with us (if you have a Zenith Bank account) or you can set it up with your Bank or through any internet banking platform.

You get an e-certificate after payment has been confirmed.

We provide online access, send weekly yields to our clients, and publish our yields in the dailies as well as on our website.

No. A fund can exist in perpetuity.

Yes, units are transferable at the signed instruction of the Unit holder.

No. The Fund Manager is equipped to make all the investment decisions, adhering strictly to the guidelines set out in the Fund’s Trust Deed.

Subscribers may redeem all or part of the Units held at any time after allotment. Redemptions will be paid within 5 working days after receipt of the completed redemption form which you can submit online (if you have executed an indemnity) or physically through any Zenith Bank branch.

There are no penalties for redemption, however, where a client redeems before the first thirty ( 30) days, a penal fee of 10% on INTEREST ONLY is applicable.

Presently the fund is not listed however, the Fund Manager at a later date, may seek a Memorandum Listing the Fund on The NSE.

Presently the fund is not listed however, the Fund Manager at aYes, the business is regulated by the Nigerian Securities and Exchange Commission. later date, may seek a Memorandum Listing the Fund on The NSE.

All our forms are available on our website www.zenith-funds.com, however, you can walk into any branch of Zenith Bank close to you for collection, submission or any enquiries.

No application has been made to the Council of The NSE for the listing of the Fund by Memorandum.

Unitholding in the fund may be used as collateral for obtaining credit facilities from various financial institutions.

None of the three Funds listed herein currently invests in foreign quoted securities. Please check our website for updates on the launch a Fund that invests in foreign securities.

Units may be redeemed whether whole or in part on any business day, provided that the statement of unit holding is lodged with the fund manager’s office. Under normal circumstances, the Fund will make redemption payments within five business days of the lodgement date. The minimum permissible holding after redemption is an ongoing balance of 5,000 units. A new statement of unit holding will be issued for the remaining number of units held in the case of a partial redemption.

Unit holders will be issued dividends which are not subject to withholdings tax. Unit holders may elect to receive their dividend warrants in cash or seek to re-invest in additional units of the fund. You can re-invest in the fund by filling the E-dividend mandate form.

Certificate will be issued for every purchase of units of the fund. A notification will be sent via email 24hrs after purchase once funds are cleared.

Investors may choose to make regular monthly or quarterly investments, or at such other frequency that aligns with their overall investment needs. Such applicants will be required to complete a direct debit form(SIP) or set up a direct debit with his bank reflecting the frequency and amount to be invested in the fund.

Your investment in any of the Funds is evidenced by a Statement of Unitholding and subsequently a certificate issued by the Registrars to each respective Fund

ZMMF is an acronym for the Zenith Money Market Fund, an open-ended fund authorised and registered in Nigeria as a unit trust scheme.

The fund invests in 100% money market instruments

The Fund offers the following benefits:
• Guaranteed principal
• Attractive yields at money market rates
• Quarterly income distribution
• Returns are tax exempt
• Low risk investment vehicle
• Managed by specialist money managers
• Liquidity, Unit holders can redeem their funds within 5 working days

The minimum initial amount that can be invested is N10,000.00.

To subscribe to the fund, download and complete a Subscription form from our website. You can make payment via direct transfer from your bank account, pay with a debit/credit card and many more payment options.

Yes, Subscription in foreign currency from foreign-based subscribers is permissible. Such foreign currency amounts shall be converted to Naira at the exchange rate prevailing on the date of conversion as advised by the Fund Manager’s bank.

Yes, it is possible to invest for minors below the age of 18.

Per unit price is N1.00.

Additional subscriptions can be made to the Fund for any amount that you wish to invest (multiples of N500) by direct transfer, pay with a debit/credit card or other payment options.

No. The fund performance is dependent on money market interest rates in the financial market. There can therefore be no guarantees.

There is no minimum amount which can be withdrawn from the Fund, the customer can withdraw any amount at any time.

Income earned from the fund will be distributed to Unit holders quarterly. Unit holders may elect to receive their distributions either by Electronic transfer to their bank accounts or re-invest their distribution by purchasing additional units of the fund. Distribution payment option shall be selected at the point of subscription and can be changed within the life of the fund.

Yes, foreign investors can invest in Zenith Funds by forwarding duly executed purchase order forms accompanied by the transfer of the requisite amount net all transfer charges. On-line payments can also be made for units of the fund using a variety of local and international payments systems.

Yes, subscribers can switch between any two Funds managed by Zenith Assets Management Limited. The subscriber would simply fill a switching form and a Redemption form for each of the Funds which he intends to enter and exit respectively. The switch will be effected such that the proceeds of the exited fund (at Bid Price) will be used to acquire equivalent Units of the new Fund (at Offer Price)

Subscribers can purchase units of the Funds ONLINE or at any of the Zenith Bank branches or at our office on 2, Ajose Adeogun Street, Victoria Island Lagos. Payments can be made through our various payment platforms: NIBBS, PAYSTACK, DIRECT CREDIT etc.

The choice of which of the Funds to invest in rests with each investor. We could however advise you based on factors like age, risk preference, ethical preference and other factors, Our RISK PROFILER could also help you assess your needs.

The Equity, Ethical and Income Fund minimum subscription level is N25,000 for new investors. While the minimum level for existing customers who want to top up is N25,000.

 

 

None of these three Funds promises a minimum guaranteed return. The Fund Manager will use the best of his expertise to optimise the returns achieved by each of the Funds.

The Zenith Equity Fund invests mostly in equities of listed Securities on the Nigerian Stock Exchange as well as in fixed income securities, Zenith Income Fund invests substantially in fixed income securities while the Ethical Fund invests in carefully selected and socially responsible securities that are listed on the Nigerian Stock Exchange.

The Zenith Funds are Funds which invest in the stocks of several companies which could include Zenith Bank shares. However, they are not shares of Zenith Bank Plc.

No application has been made to the Council of The NSE for the listing of the Fund by Memorandum.

 

A fund is a collective investment scheme. It operates by pooling resources of subscribers together, and making investments for the collective benefits of all subscribers. See our Learning Center for more information.

Additional Units in the fund can be created and purchased on demand by subscribers on an ongoing basis at a price computed in accordance with SEC’s approved basis for computing the offer price.

Subscribe to our products and make payment via any of these channels:

  • Fund transfer
  • Card
  • POS
  • Mobile Money
  • Recurring Debits
  • Pay With Bank

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