RT Briscoe Savings & Investment Fund

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RT Briscoe Savings and Investment Fund Review

Explore the RT Briscoe Savings & Investment Fund and other investment products with Maxella

At a glance

This is a low-risk, open-ended Naira-denominated money market fund that invests in high-quality, short-term money market instruments including bankers acceptances, certificates of deposit, commercial papers, collateralised repurchase agreements, and fixed deposits with eligible financial institutions.

Investment Type

money market fund

Risk Level

Low

Fund Manager

RT Briscoe Nigeria Plc

YIELD-TO-DATE

19.9%

Pros and Cons

Investing in the United Capital Stable Income Fund has clear advantages and limitations:

Pros

Low Minimum Investment: You can start investing with as little as N10,000, making the fund accessible.

A1 Fund Rating: The fund holds an A1 rating from Data Pro Limited, providing a quality assessment that supports investor confidence in the fund.

Unique Equity Conversion Option: Investors have the option to convert their fund units into equity ownership in RT Briscoe Nigeria Plc.

Backed by a Legacy Institution: RT Briscoe Nigeria Plc has over 65 years of operating history in Nigeria2, bringing a strong legacy of institutional credibility.

Cons

High Pre-Liquidation Penalty: Early redemption before the 180-day holding period attracts a penalty of 25% on accrued income at the date of redemption.

180-Day Minimum Holding Period: The fund requires a minimum investment period of 180 days, and has a redemption turnaround of five business days.

Limited State Presence: The fund is currently listed as being present in one state, which may limit in-person support options for investors outside that location.

Maximum Investment Cap: The fund has a limit of N100,000,000, which may restrict very large institutional investors looking to deploy significant capital.

Editor’s Take

The sponsorship of RT Briscoe Nigeria Plc, one of Nigeria's oldest and most recognisable publicly listed companies, gives this fund a distinctive identity in a market where most money market funds are associated with banks or standalone asset managers.

The A1 rating from Data Pro Limited provides an independent layer of assurance on the quality of the portfolio, and DLM Asset Management is a known name in Nigerian fixed income and structured finance. The main caution for investors is the 25% pre-liquidation penalty and the 180-day minimum holding period, which are more restrictive than most competitors.

How Does the RT Briscoe Savings and Investment Fund Compare to Other Products?

Where the fund differs most notably from its peers is in its holding period and liquidity terms. Most Nigerian money market funds allow redemptions within one to five business days with minimal or no penalty after a short holding period. The RT Briscoe fund's 180-day minimum holding period and 25% pre-liquidation penalty place it at the more restrictive end of the market on liquidity terms. Investors who need flexible access to their funds will find competing products more accommodating.

The equity conversion option is a feature that sets this fund entirely apart from all other money market funds currently available on the Nigerian market. No comparable product offers investors the ability to convert savings into equity in a publicly listed Nigerian company, which makes this fund uniquely interesting for a specific type of investor.

How to Apply for the RT Briscoe Savings and Investment Fund

Below are the steps you can take to apply for the RT Briscoe Savings and Investment Fund:

Review the Details

Go through the product information on this page to confirm it matches your goals and budget.

Fill in Your Information

Complete a short form with your personal and banking details. It only takes a few minutes.

Verify Your Identity

You will be prompted to complete a quick KYC verification in line with CBN requirements.

Get Started

Once verified, transfer your funds securely and start earning. Most accounts are activated within 24 to 48 hours.

Rates & Fees

Below are the financial considerations to keep in mind when applying for the RT Briscoe Savings and Investment Fund

Fee Type	Amount / Range
Management Fee	1.5% per annum
Minimum Investment	₦10,000 (10 units at N1,000 per unit)
Maximum Investment	N100,000,000
Pre-Liquidation Penalty	25% of accrued income at date of redemption
Tenor Range	90 to 365 days

Who Should Apply?

Savers Seeking Competitive Returns:
Investors who want to earn meaningfully more than a standard savings account while keeping their money in a low-risk, regulated product will find the fund's YTD return attractive.
Investors with a Six-Month-Plus Horizon:
Given the 180-day minimum holding period, this fund is well-suited for investors who are confident they will not need access to their money for at least six months.
Medium to Large Individual Investors:
With a maximum investment of N100,000,000, the fund accommodates a wide range of investment sizes from small retail investors to mid-level HNIs.
Goal-Based Savers::
Whether you are saving for a business expense, a property deposit, or a significant personal milestone six to twelve months away, the fund's structured tenor and competitive return make it practical.

Is the RT Briscoe Savings & Investment Fund Safe?

Yes, within the context of a low-risk, regulated money market fund. The fund is managed by DLM Asset Management Limited, a registered fund manager, with UTL Trust Management Services as trustee and First City Monument Bank as custodian. This three-party governance structure, which is standard for SEC-regulated funds in Nigeria, ensures that investor assets are held separately from those of the fund manager and sponsor.

The fund carries an A1 rating from Data Pro Limited, an independent Nigerian credit rating agency, which reflects a strong assessment of the fund's credit quality and management standards. It is sponsored by RT Briscoe Nigeria Plc, a company with over 65 years of operating history and a public listing on the Nigerian Exchange Group.

Why Trust Maxella?

Not every investment product you come across is worth your time or your money, but you can trust the products reviewed on Maxella. Here's why:

SEC-Registered Funds Only

Every product listed is registered with Nigeria's Securities and Exchange Commission; no unregulated options

Fresh Performance Data

Yields, returns, and fund details are updated regularly so the numbers you see reflect current market reality.

Transparency

Where data is unavailable or unverified, we say so. You will not find estimates presented as facts here.

FAQs

We answered some questions, so you don't have to ask them

How much do I need to start?

The minimum investment is N10,000, which represents 10 units at N1,000 per unit. Additional units are issued in multiples of five units.

What is the equity conversion option?

This is a unique feature that allows investors to transition from income investment to direct shareholding in a publicly listed company.

How quickly can I access my money at maturity?

Redemptions are processed within five business working days of your redemption request.

How long must my money stay invested?

The minimum holding period is 180 days. Early redemption before this period attracts a pre-liquidation penalty of 25% on accrued income.

Review Methodology

nairaCompare evaluates investment products based on:

Historical performance consistency
Fee structure transparency
Liquidity profile
Risk exposure
Fund manager credentials and regulatory standing
Accessibility and minimum investment requirements