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Mutual Funds - Investment (52) - Nairaland

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Re: Mutual Funds by kaze4blues(m): 7:36am On Nov 22
RealityShot:
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)

I've tried ARM in the past. Their services are great too. I tink it all boils down to who's able to relate more with customers both online and offline. Then more people here are using stanbic so it's easier to get info here on Nairaland

1 Like

Re: Mutual Funds by dadaski: 9:42am On Nov 22
Please what is stanbic and FBN money market`s rate as at today?
Re: Mutual Funds by NoQualms1(f): 6:04pm On Nov 22
Please I need stanbic twitter handle. Today makes it three days I requested for redemption of part of my funds yet my account has not been credited. I guess I should not have used their Web for it.
Re: Mutual Funds by jossy26: 7:00pm On Nov 22
Hello house, anyone running ARM MMF here, I just realised they stop adding daily interest into my investment for like a week now. I have sent mail to them, the only response is that they have escalated the matter. Want to know if it's my own account alone or some other peeps here are experiencing same?

Thanks house
Re: Mutual Funds by Ugosample(m): 7:12pm On Nov 22
NoQualms1:
Please I need stanbic twitter handle. Today makes it three days I requested for redemption of part of my funds yet my account has not been credited. I guess I should not have used their Web for it.

It's five working days
Re: Mutual Funds by NoQualms1(f): 7:11am On Nov 23
Ugosample:


It's five working days

Thanks.
Re: Mutual Funds by debostar(m): 5:53pm On Nov 23
Please ,has anybody experience or understand Stanbic mutual fund computations. They promised to post their interest daily. Some days ,they post some amount ,some days nothing at all.Its been really confusing. Some days the amount posted is a lot less than the 17.5%.PLease can somebody help me

1 Like

Re: Mutual Funds by MssRose(f): 6:36pm On Nov 23
debostar:
Please ,has anybody experience or understand Stanbic mutual fund computations. They promised to post their interest daily. Some days ,they post some amount ,some days nothing at all.Its been really confusing. Some days the amount posted is a lot less than the 17.5%.PLease can somebody help me
Same here. Its confusing really

1 Like

Re: Mutual Funds by Zhed: 5:53pm On Nov 24
Very helpful thread this is, thanks to the selfless ones who ensure all questions and enquiries are answered to. God bless you all.

I came here to seek information about Stanbic IBTC MMF and I got all I needed after going through some previous posts. I have successfully subscribed.

However, since I subscribed about a week ago, the only reasonable figure I see on the mobile app is my principal and some unexplained additions of daily interest. My expectation was to find a page where the daily % interest will be boldly shown, or perhaps, a table showing compound interest history.

What routine do you follow to track daily % interest in order to do your calculations and ensure the right figures are added to your principal daily?

PS: I understand the calculations.
Re: Mutual Funds by amjustme2: 1:25pm On Nov 25
My Oga and brother,
We never still meet for basement o.

Investnow2017:


Over a period of a quarter, the rates would always exceed that of the TBills because it deals in other monetary assets too.
Re: Mutual Funds by Investnow2017: 5:03pm On Nov 25
amjustme2:
My Oga and brother,
We never still meet for basement o.


I am indeed very sorry. Its my fault really. Pm nah to: racmapioneer@gmail.com. Expecting yr mail. Rgds
Re: Mutual Funds by Sach(f): 7:21pm On Nov 25
debostar:
Please ,has anybody experience or understand Stanbic mutual fund computations. They promised to post their interest daily. Some days ,they post some amount ,some days nothing at all.Its been really confusing. Some days the amount posted is a lot less than the 17.5%.PLease can somebody help me

I have also been asking them, the same question. I got as low as 11.69% on certain days this month. I believe it is grossly unfair and borders on fraudulent behavior, their refusal to make daily credit statement available. Is this the international standard?
Re: Mutual Funds by kaze4blues(m): 10:47pm On Nov 25
Sach:


I have also been asking them, the same question. I got as low as 11.69% on certain days this month. I believe it is grossly unfair and borders on fraudulent behavior, their refusal to make daily credit statement available. Is this the international standard?


Send a mail to stanbic. They are in the best position to answer that
Re: Mutual Funds by amjustme2: 3:25pm On Nov 27
sent, sorry weekend always hectic

Investnow2017:


I am indeed very sorry. Its my fault really. Pm nah to: xxxxxxxx Expecting yr mail. Rgds
Re: Mutual Funds by Desanta(m): 4:11pm On Nov 27
Please where do you get the password for login into this stanbic_ibtc money market fund on their app?
Re: Mutual Funds by Kemade2007(f): 5:12pm On Nov 27
Desanta:
Please where do you get the password for login into this stanbic_ibtc money market fund on their app?

At the initial stage, password will be sent to you then you can can change it on their website before using it on App
Re: Mutual Funds by RAY12345(m): 2:31pm On Nov 29
Kayman358:


You don't even need to go just visit FBNQuest Website https://www.fbnquest.com/asset-management/our-products/mutual-funds/fbn-money-market-fund and fill the form on that page. A relationship manager will contact you within a day and you will fill and scan your documents to them. It's not necessary to go to their office. Regarding FBN branch that you went, I guess the person you met is naive about the process and even if he/she is not it is a long process going through that route.

Nevertheless, just contact FbnQuest and narrate your story to the relationship manager that will contact you. That was how I started my MMF with them.

Pls, do you know FBN MMF rate as at today?
Re: Mutual Funds by Empress2014(f): 3:07pm On Nov 29
Kemade2007:


At the initial stage, password will be sent to you then you can can change it on their website before using it on App
please how long does it takes to receive the password?
Re: Mutual Funds by Kemade2007(f): 7:24pm On Nov 29
Empress2014:
please how long does it takes to receive the password?
Immediately your initial subscription is confirmed
Re: Mutual Funds by Dolphine92(m): 10:04pm On Nov 29
Hello Pls,

Would I be required to open a Stanbic Account before I can operate the MMF.

Regards.
Re: Mutual Funds by Mup4life: 10:13pm On Nov 29
Dolphine92:
Hello Pls,

Would I be required to open a Stanbic Account before I can operate the MMF.

Regards.
No
Re: Mutual Funds by Dolphine92(m): 10:14pm On Nov 29
Mup4life:
No

Thanks.
Re: Mutual Funds by Empress2014(f): 8:01am On Nov 30
Kemade2007:

Immediately your initial subscription is confirmed
thanks, i just got the password last night after fours days of subscription, whereas they deducted from my account almost immediately
Re: Mutual Funds by Kemade2007(f): 9:41am On Nov 30
Empress2014:
thanks, i just got the password last night after fours days of subscription, whereas they deducted from my account almost immediately

It should be within 48hrs, except weekends
Re: Mutual Funds by ogawisdom(m): 1:20pm On Nov 30
Mup4life:
No


can i use my mmf account to invest in a different fund like equity fund or i need a different account for dt. stanbic
Re: Mutual Funds by Kemade2007(f): 2:41pm On Nov 30
ogawisdom:



can i use my mmf account to invest in a different fund like equity fund or i need a different account for dt. stanbic

Yes. U don't need different account for dt
Re: Mutual Funds by Aderex91: 9:46am On Dec 01
good morning all
I have gone tru the earlier post and I must say that I learned one or two things but I must confess I am greatly confuse with which I would derive maximum benefit from, ARM, STANBIC, KIGF..... I will need someone help to make the right choice as all offers the same benefit but am sure one would definitely be the best... am a novice in investment so kindly help me out... thanks
Re: Mutual Funds by Empress2014(f): 7:04pm On Dec 01
Kemade2007:


It should be within 48hrs, except weekends
thanks alot, please how about topping up and uploading the evidence of payment, how many days does that takes to reflect
Re: Mutual Funds by ernie4life(m): 9:01am On Dec 02
Aderex91:
good morning all
I have gone tru the earlier post and I must say that I learned one or two things but I must confess I am greatly confuse with which I would derive maximum benefit from, ARM, STANBIC, KIGF..... I will need someone help to make the right choice as all offers the same benefit but am sure one would definitely be the best... am a novice in investment so kindly help me out... thanks


The comparison should be ARM, Stanbic and Abacus, reason is kgif is a fixed income fund with a guaranteed Minimum return while the rest are money marker funds, so just replace kgif with Abacus MMF since its the same company that manage both
Re: Mutual Funds by Kemade2007(f): 11:35am On Dec 02
Empress2014:
thanks alot, please how about topping up and uploading the evidence of payment, how many days does that takes to reflect

If you subscribe between 8am and 2pm, your online account will be credited on the same day.

If you subscribed after 2pm, it will reflect in your account exactly the second day unless there is any network issue
Re: Mutual Funds by Empress2014(f): 3:39pm On Dec 02
Kemade2007:


If you subscribe between 8am and 2pm, your online account will be credited on the same day.

If you subscribed after 2pm, it will reflect in your account exactly the second day unless there is any network issue
thanks alot for your time and responses.

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