| 1) Is the return on the fund
guaranteed? |
No. However, it is based
on the performance of the capital market. |
|
2) What is the difference between Bedrock Fund
and Anchor Fund?
|
Bedrock Fund’s investments are in the
20 most capitalized stocks which have the capacity to withstand
fluctuating business cycles as the economy goes through booms and
recession over the year. Anchor Fund is a balanced fund the risks
are well spread as the funds are in various stocks, real estate and
financial instruments. |
| 3) Will the investors in Bedrock Fund
know the selected 20 most capitalized stocks to be chosen by the
fund managers? |
Yes. On January 1st of
every year, the fund manager will compute the market capitalization
of all stocks listed on the Nigerian Stock Exchange and choose the
20 most capitalized stocks. All our investments till the end of the
year will be in the stocks. |
| 4) Why is the return on Bedrock Fund
more than Anchor Fund? |
Because equities offer the highest
returns and risks compared with money market and real estate
investment. So the return is higher for Bedrock fund, but it also
carries the greatest risks and that is why the return is higher.
|
| 5) What is the balanced fund? |
It is a well diversified
portfolio whose assets are spread between equities, money market and
real estate |
|
6) What is the rate of professional charge on
the fund? |
The cost of the fund covers: offer expenses,
regulatory and professional charge, printing, publicity, e.t.c |
|
7) What does the term “opportunistic investment
“mean? |
These are investments that
provide upsurge in returns within the shortest time framework |
| 8) In case the investment is not
performing, who bears the risk? |
The investor or the
subscriber. However, both funds are structured to minimize the risk
to the investor. |
| 9) Can the investors in bedrock fund
benefit from bonus issue if it is declared by the companies in whose
stocks their funds are invested in? |
Such bonuses accrue to the
fund in bulk and not to the individual investor, but will be
appropriated to individual investor in proportion to their holdings. |
| 10) For how long must I keep my
investment before I can call it quit? |
It is perpetual but you can redeem your
investment at Net Asset Value any time after 91 days of purchase. |
| 11)Is the investment transferable? |
Yes |
| 12) Would the administrative cost be
deducted from my worth when I decide to withdraw? |
Yes |
|
13) Is it possible to get a loan in between the
investment period? |
Investor in the fund can use their holdings to
secure loan from the fund manager. |
| 14) At what point (time) should
investor expect to begin to get returns on their investment? |
After allotment. |
|
15) How will investors monitor their investment
to know how the investment is performing? |
The unit holder can
monitor performance of its investment by obtaining the Net Asset
Value from the Fund Manager on any business day or from the fund
manager website-www.cashcraft.com |
|
16) Do mutual fund have any advantage over
normal stocks? |
Yes. Because of the
professional management by the fund manager and risk minimization
through diversification. |
| 17) What will be the evidence for
subscribing to the fund? |
Fund statement of account or certificate will
be issued to the holders as evidence of their holding. |
| 18) Does Cashcraft have capacity to
manage the fund? |
Yes. Cashcraft has been in
Asset Management business since 1991, and today it is one among the
top ten stockbroking firms in the country. |
| 19) Since the return on investment for
the first, second and third year are 22%, 24% and 25% respectively,
is it possible for the investor in the fund to sell above the cost
plus returns? |
The returns are the fund manager’s conservative
projections and all costs have been factored into it. We are
optimistic of delivering beyond our projections.
|
