Databank Money Market Fund Limited

2.5164
Fri, 05 Apr 2024
Bid Price
(GHS)
Offer Price
(GHS)
Open
05 Apr 2024
2.5164 2.5164
Close 2.5164 2.5164
Inception Date 06 Jan 2004
Fund Manager Databank Asset Management Services Ltd
Management Fees 0.00%
6M Ch 0.17(+7.35%)arrow_drop_up
1Y Ch 0.27(+12.22%)arrow_drop_up
3Y Ch 0.80(+46.51%)arrow_drop_up

Over the past decade Databank has been spearheading the emergence of Ghana as a regional financial center. This is being achieved by delivering superior financial services to investors, inducing a passion for excellence in our employees and returning exceptional value to our shareholders and society. It is in pursuit of this vision that Databank introduces to the Ghanaian market, The Databank Money Market Fund (MFUND).The Databank Money Market Fund (MFUND) was incorporated on November 18, 1998. On January 6th, 2004, MFUND was licensed by the Securities and Exchange Commission (SEC) to operate as the first money market mutual fund in the history of Ghana. A money market mutual fund is a specialized company that pools money from several investors, to invest in short term high yielding debt instruments thus enabling investors enhance the interest on their savings. MFUND seeks to provide high current income consistent with the maintenance and preservation of capital. MFUND will offer superior returns on savings to Ghanaians and also enable industry to access cheaper sources of credit to meet their short to medium term financial needs.

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FileSize
lock Databank Mfund factsheet - Sep 2020.pdf647.79 KiB
lock Databank Mfund factsheet - Jun 2020.pdf647.49 KiB
lock Databank Mfund factsheet - Dec 2019.pdf643.49 KiB
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Years of Experience with
Fund
Fund Manager
Investment Industry
Fund Type Open Ended
Fund Category Money Market Funds
Doobia Jones Ranking Unranked
Board of Directors
  • Benjamin Gogo (Chairman)
  • Kojo Addae-Mensah
  • Stephen Adei
  • Daniel Seddoh
  • Preba Greenstreet
Auditors Baker Tilly Andah + Andah, Chartered Accountants, C645/3, 4th Crescent, Asylum Down, Accra.
Custodian Guaranty Trust Bank (Ghana) Limited, 25A Castle Road, Ambassadorial Area, PMB CT 416, Cantonments Accra, Ghana
Trustees
Registered Office 61 Barnes Road, Adabraka, Private Mail Bag, Ministries Post Office, Accra.
Place of Business 61 Barnes Road, Adabraka, Private Mail Bag, Ministries Post Office, Accra.
Bankers
  • Access Bank Ghana Limited
  • Barclays Bank Ghana Limited
  • Ghana International Bank Limited
  • Guaranty Trust Bank Ghana Limited
  • Standard Chartered Bank (GH) Limited
  • United Bank for Africa Limited
  • Zenith Bank Ghana Limited