Fundsworth Discounted Commercial Note is a hybrid investment product fashioned after Gilt-Edge Securities such as Treasury Bills.
FUNDCON offers the benefit of immediate earning of income on investment while keeping the value of investment intact. It is a product suitable for cashflow management of SMEs and upwardly mobile individuals.
The earned ROI on this product could be reinvested to enjoy the benefits of compounding interest or set aside for regular drawings. With Fundsworth Discounted Commercial Note (FUNDCON), you can Eat your Cake and still have it!
Features of Fundsworth Discounted Commercial Note (FHYCON)
- 12 months (Minimum tenor 6 months)
- Minimum Investment Amount – N10,000,000.00
- Investment Tenure – 180 – 360 Days (Renewable)
- ROI – Up to 18% p.a.
- Frequency of ROI Payment – Half-yearly (Upfront)
- Additional Investment – Multiples of N1,000,000.00
- Minimum lock-in period – 180 Days
- Investments in FUNDCON can be used as collateral for loan with Fundsworth Finance Company Limited or any 3rd party Financial Institution.
- For early liquidation, a surcharge of 50% on earned ROI will be charged against the principal investment amount provided the investment was undertaken at least 90 Days prior to the pre-mature liquidation date. Any Investment of less than 90days shall have full upfront ROI deducted from principal investment.
