FAQ

Home 9 Frequently Asked Questions

The Basics

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What do I need to open an Account

To open an account you will need to comply with basic KYC documentation requirement which may include;

For individuals

  1. Two passport photographs.
  2. Utility bill, with date not earlier than 90 days, which evidences your provided address
  3. Government-issued identification which shows your face and signature
  4. Signing Mandate
  5. Bank Verification Number (BVN)

For Corporates

  1. Board Resolution authorizing the opening of an investment account
  2. Certificate of Incorporation
  3. CAC Forms 2 and 7
  4. Signature mandate
  5. Two passport photograph of each signatory
  6. Utility bill, with date not earlier than 90 days, which evidences your provided address
  7. Government-issued identification which shows your face and signature
  8. Signing Mandate
  9. Bank Verification Number (BVN)

Who We Are

PAC Asset Management Limited is an integrated fund manager, licensed and regulated by the Securities & Exchange Commission (SEC) to operate as a funds/portfolio manager since the year 2012.

PAC Asset Management is a licensed Funds/Portfolio Manager positioned to provide you with innovative investment management services. Our mission is to deliver investment opportunities from different sectors of the economy ranging from Asset classes such as Equities, Money Market/Fixed Income, Real Estate and Alternative Investment vehicles.

We do this by offering our array of products to Corporate/Institutional Investors, High Networth Clients and Retail Investors in discretionary and non-discretionary ways. These products include Mutual Funds, Endowment Funds, Educational Plans, Assets Replacement Funds, etc. Our product lines are constantly been updated to bring you cutting-edge services to satisfy your investment needs.

PAC Asset Management is regulated by the Securities and Exchange Commission (SEC) and is a subsidiary of Pan African Capital Holdings, a financial service firm that has been in existence since 2006. It is a financial service firm with competencies in Investment Banking, Asset Management, Securities Trading, private equity and Registrar Service

Do i need to a Nigerian citizen to invest

You do not need to be a Nigerian citizen to invest with us.

Can I loose my Money

Investments have different characteristics and risk profiles. You will be advised of these before you make an investment decision. For investors with low-risk tolerance, we encourage investment in lower-risk investment types, especially ones that preserve principal.

Is PAC Directly involved with every Fund they Offer

By regulation, PAC Asset Management is mandated to invest in the funds we manage.

PACAM Balance Fund Questions

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Parties to the fund

Fund Manager PAC Asset Management
Registrar Meristem Registrars
Trustees FBN Trustees
Custodian UBA Global Markets

Would WHT be charged on income from the Fund?

No. The PACAM Balanced Fund is an approved Collective Investment Scheme exempted from WHT on dividends.

Who can Invest in PACAM Balance Fund?

Everyone can invest in the PACAM Balanced Fund including institutional investors, individuals, cooperative societies, religious organizations and other social groups; Parents/Guardians can also invest in the name of their ward

What is the Minimum Investment amount?

Minimum subscription is 50,000 units and multiples of 10,000 units at the prevailing market rate as published daily on the fund website www.pacassetmanagement.com/mutualfunds.

When will I get paid upon liquidation/redemption?

A unit holder can sell their investment at any time by filling the redemption notice and submitting to the fund manager. Payment will be made by cheque or bank transfer to the unit holder within 5 working days in line with the Fund Trust Deed.

Can I liquidate/Withdraw from the Fund?

Yes. However, redemption of units before 90 days’ lock-in period will attract a handling charge of 20% of the net positive returns from the investment

PACAM Fixed Income Fund Questions

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Parties to the fund

Fund Manager PAC Asset Management
Registrar Mainstreet Bank Trustees & Asset Mgt.
Trustees UBA Global Markets
Custodian PAC Registrars Ltd

What is the Minimum Investment amount?

Minimum subscription is 50,000 units and multiples of 10,000 units at the prevailing market rate as published daily on the fund website www.pacassetmanagement.com/mutualfunds.

Is there a guaranteed Rate of Return on my investment in the fund?

No. The return on the Fund is dependent on the Fixed Income trends and interest rates obtainable in the Nigerian Financial Market. As the Fund Manager has no influence over changes in interest rate, it is therefore impossible to guarantee any particular rate of return on the investment.

Why invest in PACAM Fixed Income Fund?

Attractive returns on investment; Experienced and credible Fund Manager supported by tested Trustees and Custodians; Risk pooling and diversification; Affordable Minimum subscription unit; Open-ended fund.

When will I get paid upon liquidation/redemption?

A unit holder can sell their investment at any time by filling the redemption notice and submitting same to the fund manager. Payment will be made within 5 working days by cheque or bank transfer to the unit holder in line with the Fund Trust Deed.

Who can Invest in PACAM Fixed Income fund?

Everyone can invest in the PACAM Fixed Income Fund including institutional investors, individuals, cooperative societies, religious organizations and other social groups. Parents/Guardians can also invest in the name of their wards.

Would WHT be charged on income from the Fund?

No. The PACAM Balanced Fund is an approved Collective Investment Scheme exempted from WHT on dividends.

PACAM Money Market Fund Questions

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What is the Minimum Investment amount?

Minimum subscription is 1,000 units of N10.00 each and multiples of 100 units thereafter.

Parties to the fund

Fund Manager PAC Asset Management
Registrar Mainstreet Bank Trustees & Asset Mgt.
Trustees UBA Global Markets
Custodian PAC Registrars Ltd

Is there a guaranteed Rate of Return on my investment in the fund?

No. The return on the Fund is dependent on the Fixed Income trends and interest rates obtainable in the Nigerian Financial Market. As the Fund Manager has no influence over changes in interest rate, it is therefore impossible to guarantee any particular rate of return on the investment.

Why invest in PACAM Money Market Fund?

Attractive returns on investment; experienced and credible fund manager supported by tested Trustees and Custodians; Risk pooling and diversification; Open-ended Fund with affordable minimum subscription. 10096 income distribution; Investment grade credit rating by Agusto & Co Limited.

Can I liquidate/withdraw from the fund?

Yes, however, redemption of units before the 30-day lock-in period will attract a handling charge of 10x of the net positive returns on investment.

When will I get paid upon liquidation/redemption?

A unit holder can sell their investment at any time by filling the redemption notice and submitting same to the fund manager. Payment will be made within 5 working days by cheque or bank transfer to the unit holder in line with the Fund Trust Deed.

Would WHT be charged on income from the Fund?

No. The PACAM Balanced Fund is an approved Collective Investment Scheme exempted from WHT on dividends.

Who can Invest in PACAM Fixed Income fund?

Everyone can invest in the PACAM Fixed Income Fund including institutional investors, individuals, cooperative societies, religious organizations and other social groups. Parents/Guardians can also invest in the name of their wards.

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PAC Asset offers a wide range of investment advice, products and services, including brokerage ; retirement accounts, ETFs, online trading & more.
Get competitive yields with our array of professionally managed stocks when you invest in this Fund

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