Using this as a long term investment vehicle to churn up funds for another investment - what are nairalanders opinion on the 7-10 yr performance of this Discovery Fund.

My money doubled from 2005-2007 (not bad for a mutual fund); based on this, I am thinking of investing more funds but just wanted to get opinions.

Any insights most welcome especially as to performance indices of mutual funds in helping me decide.

Thank you.

the discoveryfund is not doing badly at all;

at least from jan to date the fund has done 52%while the aggressive growth fund(another product from ARM)has done 72%,and its currently on i.p.o for N20 per unit and the minimum u can purchase is 2,500 units (N50,000).

u can contact AFAM ON 08038673022,FOR MORE ENQIURY