Starting A Mutual Fund In Nigeria

Hello, I am interested sometime in the future in owning a financial service company in nigeria.  With solodu on board now owning a bank is out of the question.

Instead I am thinking of starting and running a mutual fund in Nigeria.  There are several big Mutual funds in Nigeria.The biggest and most sucessful is the IBTC fund that manages over 14 billion in assets .

My idea is that  the stock market and real estate is the most secure investment in nigeria but the average nigerian finds it hard to invest in these on his own.  With Mutual funds I can pool the funds of hundreds of small investor.  I beleive there is a market for  a small regional  mutual fund with like 50-100million under management.  It will be marketed the way insurance is marketed today in nigeria and focused in areas away from lagos.

i wonder if you think this will work.  Thanks.

A Mutual Fund in Nigeria is a good idea. Note, however, that challenges exist - massive education campaigns will be required if the target is the small saver; internationally-acceptable investment grade opportunities are also few.

The phenomenon that's taking place instead is that people are forming Investment Clubs to jointly seek & seize opportunites that, though below investment-grade, they are convinced that the risks can be managed. A good investment example is real estate investment.

Maybe in future a REIT will eventually emerge as the govement reinforces the mortgage finance infrastructure this year with pending legislations. So long & good luck.

u can site it in port harcourt; its a peaceful and prosperous place. i can also help you market it for a fee (of course)

Funny enough, such concept occasionlly crosses my mind, but i closed in on real estate, which as you rightly say is just about the most secure investment porfolio in this clime, and i think real estate is even more secure. BUT, the challenges will be higher than mount everest. Such factors as you having credible names(backers,) enough money to do the ground work like massive sentitising of the public for a very loing time before the launch, which is more likely to make it a success, and many other such factors....

In my case, i approached the market, with an IPO kind of offer, stating categorically that the proceeds will be invested solely in real estate, stating all the advantages and all other benefits. The stock market at the moment is kind of "stagnant", if thats a good word to discribe it, it needs fresh investment outlets. But of course being real estate, it don't come cheap, so you'D be looking at waaaay more than 100m to make any effect. And so, just like any venture with promise, it is just about sure to succeed, if enough smart work is done.

I share the view of the investment club as a way of starting out and later matamorphose into mutual fund in real estate or any other area of business that is viable in the economy.
for a framework on inevstment club start-up contact M-concept, Muyiwat@yahoo.com.

At m-concept we drafted how to start and run an investment club successfully without hitches, including the following

INTRODUCTION
2.0   HOW IT WORKS
3.0   REASON FOR JOINING AN INVESTMENT CLUB
4.0   OBJECTIVES OF THE CLUB
5.0   JOINING AN EXISTING CLUB
6.0   LAUNCHING A NEW INVESTMENT CLUB
7.0   CONSTITUTION AND RULES
8.0   INVESTMENT STRATEGY
9.0   ATTRACTING MEMBERS
10.0   INAUGURAL MEETING – APPOINTMENT OF OFFICERS
11.0   OPERATIONS OF THE CLUB
12.0   CONCLUSION

i guess we are alot that have the same dream i am about to start mine before the end of this month i have been to the securities and exchange commission well for more details contact me 08033938166, i am based in abuja guess if you are arond here we could do business together, thanks