anyone with a recent experience?

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Mutual funds - FBN Capital Asset Management provide you with access to the various investment markets by pooling your money with the money of several other individuals with similar investment goals.

Mutual Funds are also a great way to diversify your investments and help you minimize risk. Each of our mutual funds has a specific investment objective and strategy to suit the investment needs of a broad range of clients.

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okpaniokpani:
I invested my money in Zenith Equity Mutual Fund for about four(4) years. The fund was never listed on the NSE,activities of the fund were shrouded in secrecy to say the least.
I never got any dividend within these years. I sold out and never looked back. I will never advice any one to buy into any mutual fund in Nigeria. They are greedy bunch of people.

Could you please tell me how you sold your zenith equity fund. Is it via broker or yourself? Thanks

deenee:
Apparently, there are a lot of uninformed people on this thread.

Mutual funds are not a bad idea once you get your investment strategy right.

What I see with most typical Nigerian investors is that they always want the quick way out. Always looking for the next "big transaction" that will turn their investment principal of 100k into 10 million etc etc. However, sorry to bust your bubble investments are not that way and if you are not rightly informed and use the information in due course, there is a high tendency to be back at "ground zero".


A mutual fund is a collective unit investment scheme where a fund manager pulls together funds from all categories of investors (retail, corporate, institutional, government etc) and put such in varying investment vehicles depending on the risk appetite, expected ROI and investment decision of the investors. A unit price is usually ascribed to the pooled investment scheme. This is the reason why we have mutual fund managers that use names such as "aggressive growth fund, equity fund, capital market fund, ethical fund, money market fund" etc all coined to differentiate the different classes of investment.

The name used for the type of pooled investment is usually determined by two basic factors namely the risk appetite and expected returns. Hence in this regard, a money market fund would typical fit investors that are risk averse and would prefer just minimal returns on their investments which would mostly consist of government backed securities (T.bills, bonds etc). A risk loving investor might consider investments in aggressive or equity fund wherein risk is high and so also returns.

Mutual funds can also be closed ended or opened ended. A closed ended MF is one where the fund is not open to secondary investors and wherein an original investor can only liquidate their investment after an agreed period has elapsed. This type is very uncommon in Nigeria and used mostly by pension fund managers in the West. The open ended is the opposite.

I usually advice people to have a portfolio depending on their risk appetite. A typical portfolio should have the following cash, FD, Tbills, your voluntary RSA contributions with a seasoned PFA,money and capital market investments, proprietary holdings, real estate (not essential for beginners) and mutual fund investments. The advantage with MF of course is that you don't have to worry about daily monitoring as you are already paying the fund manager to do that and there is also the risk of portfolio decline as we have with all other investments including the "almighty risk free T bills".

Speaking of T bills, do people really consider the real rate of inflation when calculating their ROI on T bills? I guess the answer is in the "affirmative" since every body here seems to think that T bills is the next best thing after man "discovered fire" and for those who think that T bills are risk free, just wait till the government defaults on repayment of a maturing T bill tranche.

I guess a lot of people are quick to forget the silent trigger that caused what we all now know as the "European Debt Crisis".

Finally, please do your homework well, read far and wide, understand why you want to invest, create a balance between short term profit taking and long term gratification, check the amount of funds you are willing to commit and lose (yes you will surely lose some) and ensure that your investment strategy is backed up by consistency in three areas namely....consistent contributions, capital reinvestment and continuous learning

All the best!

You have a point

Best Performing Mutual Funds To Invest In Nigeria (2019)

Mutual funds are pretty sophisticated investment products. Before you choose a mutual fund to invest in, it is important to spend a little time learning about the major mutual funds available in the market and how those funds have performed over time.

https://nairabarter.com/blog/best-mutual-funds-in-nigeria/

Alumnus:
I intend to constantly invest a certain percentage of my salary on stocks for few coming years. But am confused on whether to make individual investment or go through Mutual Fund managers. I have been investing individually with my small funds before now but haven't tried mutual fund before.

Please your experiences and advice on Mutual funds in Nigeria will be greatly appreciated.

Why dont you invest in mutual fund, i personally invest in it, try, Sterling Asset Management & Trustees Ltd, they are great, with wonderful interest rate & your funds are save with them, you can call:08023654347.
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I tried mutual fund in standard chartered. After charging me 1000usd for mutual fund manager who monitored nothing. I was pissed. At the end of the 1/2 yr tenure, I spent 7000usd but received 6420usd after profit.


I had to cut the engagement because no one was monitoring the investment only concerned about their charges.

Pls know that I wasn't informed I will be paying for a manager, I just saw it withdrawn from my account, when I contacted the manager, then was told its their charges.


I wouldn't have if I knew they charge such.

I will still come back to fight them, not over, let me take care of business here first

A decade after. Standard chartered is still exactly the same. They coerce you to bring your money, nobody monitors shish and the fund diminishes every single day, you ask to pull out, a month after nothing is done but the value keeps dropping even after you pull out and they can't find your money to repay you with. of course they have collected their share upfront