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Legacy Money Market Fund

The Legacy Money Market Fund (LMMF) is a low risk, open-ended, Nigerian Naira-denominated mutual fund that invests in Money Market Instruments. It is registered with the Securities and Exchange Commission, Nigeria. The Fund can invest up to 100% in Nigerian Treasury bills. Its performance is benchmarked against the average yield on the 90-day Nigerian Treasury bill. The Fund is targeted at individual and institutional investors. The Fund's primary objective is to preserve capital, and its secondary objective is to generate stable income for investors. The minimum holding period is 1 month.

The Fund is rated A+(f) by Agusto & Co. In addition, we have a Customer Portal through which investors can view their holding in the Legacy Money Market Fund. Login details will be sent to the investor's registered email address, once the investor has registered at

A screenshot of the home page is below.

FCMBAM Portal's Homepage


  • Product currency: Nigerian Naira (NGN)
  • Country of domicile: Nigeria
  • Fund Objectives: To preserve capital and generate stable income
  • Fund rating: A+ by Agusto & Co
  • Benchmark: 90-day Nigerian Treasury bill yield
  • Currency risk: Zero
  • Minimum initial subscription: 1,000 units (at the prevailing market price per unit)
  • Minimum additional purchase: 1,000 units (at the prevailing market price per unit)
  • Minimum Investment Period: 1 Month
  • Interest Payment cycle: Quarterly, or at point of exit, if less than 3 months
  • Entry/ Exit Fee: Nil/ 25% of interest on capital, if within 1 month
  • Settlement/ Redemption: Between 1-5 working days


The Fund is a relatively low-risk mutual fund that invests 100% of the portfolio in Money Market Instruments, with a minimum of 25% of the portfolio in Nigerian Treasury bills. Liquidity is assured, as the Fund Manager provides daily bid and offer prices. In addition, the asset allocation strategy of the Fund ensures that the Fund is diversified.


  • Skilled and professional fund management
  • Opportunity for capital protection and stable income
  • Excellent means of earning income, including on idle funds
  • Convenient way of saving towards short, medium or long-term goals
  • Direct debit option automates regular saving process
  • Proceeds to investors, at the point of exiting the Fund, are tax-free
  • The Fund has zero currency risk, as inflows and investment of funds are made solely in Nigerian Naira
  • Fund is rated investment grade A+ by Agusto & Co
  • Benchmark is market-driven, so no need to negotiate rates
  • Fund is very liquid, making entry and exit very easy
  • Unit holders can monitor their investments 24/7/365 through our Customer Portal and will receive monthly performance reports.

Trading /Settlement

Trading and Settlement is done to provide best execution.

Decision making process

An Investment Committee meeting is held at least once a quarter to determine the direction of the market and how to take advantage of emerging opportunities, which culminates in a house view. The decisions arrived at these meetings guide the Fund Manager on how best to invest the assets of unit holders in the Fund.

"principal and return on investment are not guaranteed"

Download Forms

You can download our fact sheets by clicking the button below