If I invest 11 million on mutual funds how much money will I earn per year | Nigerian Investor's Talks

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Mutual Funds Asked 2 months ago

If I invest 11 million on mutual funds how much money will I earn per year

u

@ucheson

Investor

0
If I invest 11 million on mutual funds how much money will I earn per year

1 Insights

m
0
There are many types of Mutual Funds. Which one?
u
0
Like money market funds
a
0
Money Market Mutual Fund currently returns an average rate of between 15-17% now depending on the platform with daily compounding that rate can jump by adittional 1% so for a 15% annual rate you should have about 16.15% return at the end of the year about 1,779,000

Note: Money market mutual fund is not constatnt the rates do change depending on other economic factors