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Mutual Funds - Investment (51) - Nairaland

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Re: Mutual Funds by NoQualms1(f): 12:12am On Nov 15
kaze4blues:


Logon to account on the mobile app.
Click the menu option
Click funds. This brings out three options.
Click on subscription.
Then you select the fund type e.g mmf
Then you proceed to the platform type.
Select interswitch local
Then enter your card details.
Enter amount and follow other instructions.
And otp will be sent to your registered phone number.
Enter the otp as required.
You will get a message "successful" while your account is immediately debited.

Your atm card must be already activated for online transactions before this will work.
My Firstbank mastercard did not work so I used the uba verve card.

Try the above and let's see if it works

Thanks. I have tried this several times with my StanbicIBTC ATM card and has never been successful. Now that you said it, it's probably not activated for online transactions. I will try it with another bank's card.
Re: Mutual Funds by freeman67: 8:01am On Nov 15
temi4fash:
Can u put in my savings into these

What is the assurance am not going to lose my principal


Yes but make sure its money market fund you subscribe to.
Re: Mutual Funds by temi4fash(m): 9:24am On Nov 15
freeman67:


Yes but make sure its money market fund you subscribe to.

Can you explain??

I have been seeing alot of them online since i have been doing my research??

ARM, Stanbic and the likes of them

Thanks in advance
Re: Mutual Funds by Kemade2007(f): 9:46am On Nov 15
[quote author=kaze4blues post=62355247][/quote

Thanks. It was successful. So when will my account be credited. I subscribed few minutes ago.
Re: Mutual Funds by Kemade2007(f): 5:36pm On Nov 15
Please guru in the house, my account has not been credited since morning. Hope I'm still on a safer side because I used mobile App for the subscription
Re: Mutual Funds by Kemade2007(f): 5:41pm On Nov 15
kaze4blues:


Logon to account on the mobile app.
Click the menu option
Click funds. This brings out three options.
Click on subscription.
Then you select the fund type e.g mmf
Then you proceed to the platform type.
Select interswitch local
Then enter your card details.
Enter amount and follow other instructions.
And otp will be sent to your registered phone number.
Enter the otp as required.
You will get a message "successful" while your account is immediately debited.

Your atm card must be already activated for online transactions before this will work.
My Firstbank mastercard did not work so I used the uba verve card.

Try the above and let's see if it works

Please I selected MasterCard (local) instead of interswitch(local) on mobile App since my card is MasterCard. Hope it will not affect
Re: Mutual Funds by kaze4blues(m): 6:50pm On Nov 15
Kemade2007:
Please guru in the house, my account has not been credited since morning. Hope I'm still on a safer side because I used mobile App for the subscription


If you subscribe between 8am and 4pm, your online account will be credited on the same day.

If you subscribed after 4pm, it will reflect in your account exactly at the same time the following day.
Re: Mutual Funds by Kemade2007(f): 7:59pm On Nov 15
kaze4blues:



If you subscribe between 8am and 4pm, your online account will be credited on the same day.

If you subscribed after 4pm, it will reflect in your account exactly at the same time the following day.


I subscribed 8:49am and my account hasn't been credited
Re: Mutual Funds by Kemade2007(f): 8:50pm On Nov 15
Thank God. My account has been credited
Re: Mutual Funds by kaze4blues(m): 8:53pm On Nov 15
Kemade2007:
Thank God. My account has been credited


It will soon reflect in your account.

Alternatively, follow them on Twitter and state your complaints. They address issues much quicker on thr Twitter handle
Re: Mutual Funds by Kemade2007(f): 9:41pm On Nov 15
kaze4blues:



It will soon reflect in your account.

Alternatively, follow them on Twitter and state your complaints. They address issues much quicker on thr Twitter handle

My SMMF account has been credited with the amount subscribed
Re: Mutual Funds by kaze4blues(m): 4:10am On Nov 16
Kemade2007:


My SMMF account has been credited with the amount subscribed

Okay
Re: Mutual Funds by OnoriodeV14: 6:41am On Nov 16
Does anyone know how I can withdraw all my funds from stanbic money market fund? I initiated the online REDEMPTION but a message come up that I must leave a minimum of N5000 in the account. Thanks

1 Like

Re: Mutual Funds by Ugosample(m): 9:38am On Nov 16
Kemade2007:
Thank God. My account has been credited

Fear fear grin grin LMAO
Re: Mutual Funds by Kemade2007(f): 10:53am On Nov 16
Ugosample:


Fear fear grin grin LMAO

Yes oh grin grin cheesy
Re: Mutual Funds by austine4real(m): 2:34pm On Nov 16
GrAnDwEeZ:
I visited one Stanbic bank around lastweek for MMF registration, due to the limit placed on the online platform. since then I've not gotten any response from them. and my schedule doesn't permit me to visit the bank anyhow. pls is this normal? how long does the registration process takes?
maximum of 7days relax bro
Re: Mutual Funds by drdams: 3:20pm On Nov 16
Stanbic en! just do a mail to mutualfunds"stanbicibtc.com. you will be sent a redemption form and email indemnity if youve not filled one before. just print and scan / snap back to them. they will tell you it will be treated in 5days.

OnoriodeV14:
Does anyone know how I can withdraw all my funds from stanbic money market fund? I initiated the online REDEMPTION but a message come up that I must leave a minimum of N5000 in the account. Thanks

1 Like

Re: Mutual Funds by OnoriodeV14: 6:30pm On Nov 17
drdams:
Stanbic en! just do a mail to mutualfunds"stanbicibtc.com. you will be sent a redemption form and email indemnity if youve not filled one before. just print and scan / snap back to them. they will tell you it will be treated in 5days.

I have made several withdrawal before, but I want to close the account and collect my 5k
Re: Mutual Funds by opomulero(m): 7:00am On Nov 18
If someone subscribe stanbic mutual funds online, will the interest be reinvested of it will be separated from the main capital.

Because i dont see anywhere where i can click reinvest the capital.
Re: Mutual Funds by kaze4blues(m): 8:00am On Nov 18
opomulero:
If someone subscribe stanbic mutual funds online, will the interest be reinvested of it will be separated from the main capital.

Because i dont see anywhere where i can click reinvest the capital.

Reinvestment option for interest shld be in the application form you filled at the start
Re: Mutual Funds by opomulero(m): 9:56am On Nov 18
kaze4blues:


Reinvestment option for interest shld be in the application form you filled at the start


I did it online through the app?
Re: Mutual Funds by RealityShot: 8:31pm On Nov 21
Ha Ba!

everybody STANBIC..

Pls some people should go to First Bank mmf O..

before stanbic will become OVERCROWDED and it will be like mm~m..

seriously O! Try first bank

1 Like

Re: Mutual Funds by dotcomnamename: 9:39pm On Nov 21
RealityShot:
Ha Ba!

everybody STANBIC..

Pls some people should go to First Bank mmf O..

before stanbic will become OVERCROWDED and it will be like mm~m..

seriously O! Try first bank

FBN is the best for Treasury Bills, its sweeter than honey.
FBN is the worst for Mutual Funds, MMF.

StanbicIBTC is the best for Mutual Funds, MMF.
StanbicIBTC is the worst for Treasury Bills, you will regret why you even think of investing in TB with them.

This is my experience, other research and info, and my personal 100% opinion which i am entitled to.

2 Likes

Re: Mutual Funds by Yem0350: 10:09pm On Nov 21
Why did you say FBN is the worst MMF?
I have been using them since 2015. No issue
Re: Mutual Funds by Kemade2007(f): 10:45pm On Nov 21
dotcomnamename:


FBN is the best for Treasury Bills, its sweeter than honey.
FBN is the worst for Mutual Funds, MMF.

StanbicIBTC is the best for Mutual Funds, MMF.
StanbicIBTC is the worst for Treasury Bills, you will regret why you even think of investing in TB with them.

This is my experience, other research and info, and my personal 100% opinion which i am entitled to.

Stanbic not worst on TB. Even better than other banks especially on primary market
Re: Mutual Funds by dotcomnamename: 10:50pm On Nov 21
Kemade2007:


Stanbic not worst on TB. Even better than other banks especially on primary market

Ok sir

1 Like

Re: Mutual Funds by afroxyz: 12:35am On Nov 22
Yem0350:
Why did you say FBN is the worst MMF?
I have been using them since 2015. No issue

I've applied for FBN MMF going to two weeks now. No account, no update, no log in details. I'm beginning to regret
Re: Mutual Funds by afroxyz: 12:36am On Nov 22
Meanwhile, is anybody having trouble.logging into stanbic mmf account through the app? Been trying for ages, it's saying application failed
Re: Mutual Funds by kaze4blues(m): 2:52am On Nov 22
RealityShot:
Ha Ba!

everybody STANBIC..

Pls some people should go to First Bank mmf O..

before stanbic will become OVERCROWDED and it will be like mm~m..

seriously O! Try first bank

Stanbic has simplified procedures that makes it easy for many people to transact with from their homes or offices.

I guess that's the reason why. I did everything in my own case online. I sent mails and tweet to their Twitter handle for support when necessary. This solves all my queries in most cases

1 Like

Re: Mutual Funds by RealityShot: 4:18am On Nov 22
kaze4blues:


Stanbic has simplified procedures that makes it easy for many people to transact with from their homes or offices.

I guess that's the reason why. I did everything in my own case online. I sent mails and tweet to their Twitter handle for support when necessary. This solves all my queries in most cases
i agree with you..

but all that can happen at fbn capital/quest too.

am just saying .. Lets not over-work ibtc with our overcrowding mentality.

it only takes ONE MISTAKE OR GREED by a staff to bring down a fund. A tired and weary staff is a likely candidate for both.

ARM, INVESTMENT ONE, FIRST BANK CAPITAL.. All give similar service, with nearly same profits.

...my million dollar thought.

(maybe next year i will open an account with ARM or Investment-ONE just to be safe)
Re: Mutual Funds by RealityShot: 4:24am On Nov 22
dotcomnamename:


FBN is the best for Treasury Bills, its sweeter than honey.
FBN is the worst for Mutual Funds, MMF.

StanbicIBTC is the best for Mutual Funds, MMF.
StanbicIBTC is the worst for Treasury Bills, you will regret why you even think of investing in TB with them.

This is my experience, other research and info, and my personal 100% opinion which i am entitled to.
very true indeed.

every company have their strengths and weaknesses..

And we just found their's

1 Like

Re: Mutual Funds by RealityShot: 4:30am On Nov 22
Yem0350:
Why did you say FBN is the worst MMF?
I have been using them since 2015. No issue
As you see below..
opening an account with them is PRETTY hard..
only few people have been able to do so so far..

AND its only those who went straight to their fbn capital office or registered through emailing customer service.

myself, i ran from them after waiting one month!
afroxyz:


I've applied for FBN MMF going to two weeks now. No account, no update, no log in details. I'm beginning to regret

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