FCMB Launches In-App Mutual Fund Investment Feature
First City Monument Bank (FCMB) has taken another bold step in digital banking innovation with the launch of its mutual fund investment feature on the FCMB Mobile App.
The new feature allows customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the investment and wealth management arm of FCMB Group Plc.
This integration gives users easy access to a variety of investment options, including:
- Legacy Money Market Fund – for low-risk, short-term investors
- Legacy Equity Fund – for growth-oriented investments
- Legacy Debt Fund – focusing on local-currency bond investments
- Legacy USD Bond Fund – for dollar-denominated returns
Each fund is designed to suit different financial goals — from capital preservation to steady income and long-term wealth growth.
Driving a Unified Digital Financial Ecosystem
The launch marks another milestone in FCMB Group’s digital transformation strategy, aimed at creating a connected financial ecosystem that merges banking, payments, and investments on one trusted platform.
Speaking on the development, Yemisi Edun, Managing Director of FCMB, said:
“What we’re building goes beyond digital convenience. It’s about creating a connected ecosystem where banking, payments, and investments work together to serve customers’ broader financial needs. By integrating mutual funds into the FCMB Mobile App, we make it easier for customers to move seamlessly from saving to investing.”
Empowering Nigerians to Build Sustainable Wealth
James Ilori, CEO of FCMB Asset Management Limited, emphasized that the move aligns with FCMB’s mission to make investing simple and accessible:
“Our goal is to democratize wealth creation. By bringing mutual funds to the FCMB Mobile App, we empower everyone — regardless of their income level — to start investing confidently and plan for a sustainable financial future.”
The integration of investment options within the app reflects FCMB Group’s vision of financial inclusion, enabling millions of Nigerians to participate in wealth creation without the traditional barriers of complex account opening or minimum investment requirements.
How to Start Investing on the FCMB Mobile App
Customers can now begin investing by simply:
- Downloading or updating the FCMB Mobile App from the Google Play Store or Apple App Store.
- Logging into their accounts and selecting the Investments section.
- Choosing a mutual fund that matches their risk appetite and goals.
- Funding their investment directly from their FCMB account.
This seamless process allows users to manage savings, spending, and investments all in one place — making wealth building easier than ever.
About FCMB Group
FCMB Group Plc is a top-tier Nigerian financial services holding company with operations spanning banking, asset management, consumer finance, and investment advisory. Through innovation and inclusivity, the Group is committed to empowering individuals and businesses to achieve financial success.
About FCMB Asset Management
FCMB Asset Management Limited (FCMBAM) is a subsidiary of FCMB Group and is fully licensed by the Securities and Exchange Commission (SEC) of Nigeria. The firm offers professional portfolio management, mutual funds, and investment advisory services to individuals, corporations, and institutional investors.
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