• Wednesday, June 12, 2024
businessday logo

BusinessDay

Kedari Investment Fund begins IPO

invest

Kedari Capital, a leading investment banking firm focused on the financial markets, investment services, risk consulting and management, has announced the opening of its Kedari Investment Fund initial public offering (IPO) to interested investors and the general public.

The Fund, which opened on the 11th of July 2016 and is set to close on the 19th of August 2016, is an open-ended unit trust scheme which invests predominantly in fixed income securities as well as in equity securities.

The Investment Fund is designed for investors seeking to optimise their returns at minimal risk, while providing a relatively cheap opportunity for investors to build wealth at a considerably lower risk than direct stock investments and higher potential returns than fixed income instruments.

Segun Aina, chairman of Kedari Capital, said: “With this Fund we are offering investors the opportunity to have access to professional portfolio management, a highly liquid fund where investors can cash in their investments within the stated rules in the fund’s Trust Deed. Additional units in the fund can be created and purchased on demand by subscribers on an on-going basis at a price computed in accordance with the Securities and Exchange Commission of Nigeria’s approved basis for computing offer price.’’

“More of the benefits of the Investment Fund will be discussed at our upcoming Kedari Investment Fund Investors forum holding in Lagos on the 20thof July, 2016,’’ Aina said.

ODINAKA ANUDU