First National Money Market & Savings Fund convened its third Annual General Meeting on 9th July 2025. The First National Money Market & Savings Fund is the first dedicated money market fund in the Maldives, licensed and registered with the Capital Market Development Authority (CMDA). The fund is managed by First National Finance Corporation.
The fund aims to deliver attractive risk-adjusted returns by investing in short-term risk-free securities and private-credit instruments.
The MVR-denominated investment vehicle had an initial target return of 5.5% when it launched in 2022. For the year 2024, the fund had a return of 8.25%.
Minimum Initial Investment Now Reduced to MVR 25,000
During the AGM, members resolved to reduce the funds initial investment from MVR 100,000 to MVR 25,000 making this fund the most accessible investment vehicle for investors. This change reflects the strong commitment of First National to customize its investment products making it more affordable for potential investors.
Subsequent Investments Set at MVR 5,000 Per Month
Following interests expressed by existing investors, the Fund has now made it possible for investors to contribute MVR 5,000 on a monthly basis.
According to the Managing Director, Fathimath Shaheera, these new changes are brought in reception to investor sentiments with the fund expecting strong demand from both existing and potential investors.
The First National Money Market & Savings Fund continues to demonstrate strong performance. As the fund scales, First National remains committed to broadening access to well-structured capital market products in the Maldives.
