GSE Trading Results - Jun 22, 2017
Stock: AADS - 0.48 0 Vol. Traded: 0
Stock: ACCESS - 4 0 Vol. Traded: 0
Stock: ACI - 0.01 0 Vol. Traded: 0
Stock: ADB - 3.83 0 Vol. Traded: 0
Stock: AGA - 37 0 Vol. Traded: 0
Stock: ALW - 0.16 0 Vol. Traded: 0
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Stock: CAL - 0.83 0.01 Vol. Traded: 100
Stock: CLYD - 0.03 0 Vol. Traded: 0
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Stock: EGH - 7 0 Vol. Traded: 14500
Stock: EGL - 2.39 0 Vol. Traded: 0
Stock: ETI - 0.11 0 Vol. Traded: 18400
Stock: FML - 11.75 0 Vol. Traded: 900
Stock: GCB - 5.2 0 Vol. Traded: 19900
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Stock: IIL - 0.08 -0.01 Vol. Traded: 25000
Stock: MAC - 6 0 Vol. Traded: 0
Stock: MLC - 0.1 0 Vol. Traded: 100
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Stock: TBL - 0.25 0 Vol. Traded: 2000
Stock: TLW - 20.94 0 Vol. Traded: 0
Stock: TOTAL - 2.22 0 Vol. Traded: 45200
Stock: TRANSOL - 0.03 0 Vol. Traded: 0
Stock: UNIL - 9 0 Vol. Traded: 0
Stock: UTB - 0.07 0.01 Vol. Traded: 2900
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Jun 26
Frequency Asked Questions(Mfund) Print E-mail
Tuesday, 14 June 2016 12:29

Frequency Asked Questions (FAQs)

1. What Is MFund?

MFund is a mutual fund designed to preserve your capital through investments in high-yielding, high quality money market securities, while also helping you meet short-term liquidity needs.

2. How does MFund work?

MFund pools funds from its shareholders and invests in money market investments. Shareholders realize returns when the Fund’s price increases beyond the price it was purchased. Interest earned through the Fund’s investments is reinvested.

3. What’s the minimum investment amount I can start with?

The minimum initial investment required to open an MFund account is GHC 50. On a monthly basis, account holders can top up with a minimum of GHC 10.

4. Why is MFund the best option when planning for emergencies?

Due to MFund’s ability to preserve your capital while meeting your short-term liquidity needs, it has the capacity to serve as the best option for an emergency fund.

5. What requirements do I need to open an MFund account?

  • A valid national ID card (e.g. Passport, NHIS card, Driver’s license)
  • 2 passport size pictures
  • Proof of address (e.g. electricity bill, water bill, hand drawn map)

6. Can I invest in MFund using an existing account?

Yes. You can maintain all your mutual fund investments in one Databank investment account. Simply provide the Databank Relationship Manager with your account number when you come to invest in MFund.

7. How old do I need to be to invest in MFund?

Investors must be 18 years and above. Anyone below that age will require a parent or guardian to open the account in trust for him or her. The parent or guardian will have to provide a valid ID of the ward (e.g. birth certificate, passport, NHIS card) along with the requirements mentioned above in question 5

8. Can I access the funds in my investment anytime I need money?

Yes. While you can access your funds anytime, it is recommended that you allow your funds to remain in the Fund for at least 3 months

9. What returns do I make as an investor in MFund?

Returns in MFund are realized from changes in the Fund’s price (relative to the price at which you purchased it). For example, if you bought a share at GHC 0.50 and the current price is GHC 0.80, then the return on that share is GHC 0.80- GHC 0.50= GHC 0.30 (which translates to a return of 60%). All interest earned by the Fund’s investment is reinvested.