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Mutual Funds - Investment (53) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Mutual Funds (137754 Views)

Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (1) (2) (3) (4)

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Re: Mutual Funds by prestige2013(m): 12:52pm On Dec 03
Tomorrow is my day, subscribing for Stanbic MMF for 6 months.

What document will i be given?
Re: Mutual Funds by Harddiskng: 10:23am On Dec 04
I am planning to open another “money market fund” with a different organization when my funds in Stanbic Asset Mgt hits xxxx-amount, which is very soon. Man cannot put all his eggs in one basket, to avoid stories that touch the heart.

House, please recommend. I need an organization that displays rates daily. Quick with booking my additional subscription and speedy redemption.
Re: Mutual Funds by Harddiskng: 10:28am On Dec 04
Harddiskng:
I am planning to open another “money market fund” with a different organization when my funds in Stanbic Asset Mgt hits xxxx-amount, which is very soon. Man cannot put all his eggs in one basket, to avoid stories that touch the heart.

House, please recommend. I need an organization that displays rates daily. Quick with booking my additional subscription and speedy redemption.


Stanbic MMF rate is currently about 17.8%, i need a close competitor.
Re: Mutual Funds by ernie4life(m): 3:37pm On Dec 04
Harddiskng:
I am planning to open another “money market fund” with a different organization when my funds in Stanbic Asset Mgt hits xxxx-amount, which is very soon. Man cannot put all his eggs in one basket, to avoid stories that touch the heart.

House, please recommend. I need an organization that displays rates daily. Quick with booking my additional subscription and speedy redemption.

investment one funds management limited www.investment-one.com
Re: Mutual Funds by Harddiskng: 8:09pm On Dec 04
ernie4life:
investment one funds management limited www.investment-one.com

Hmmm, i would check them out.
Thank you sir.
Re: Mutual Funds by ernieboy(m): 1:06pm On Dec 06
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.
bro I am having a similar experience with them.
Re: Mutual Funds by ernieboy(m): 1:13pm On Dec 06
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
bro what is their Twitter handle?
Re: Mutual Funds by Omon01(m): 1:22pm On Dec 06
Please how much do I need to open a Stanbic mmf?
Re: Mutual Funds by RAY12345(m): 1:53pm On Dec 06
Omon01:
Please how much do I need to open a Stanbic mmf?
Minimum of N5000
Re: Mutual Funds by Omon01(m): 2:52pm On Dec 06
RAY12345:

Minimum of N5000


Wen and how much do they pay out??
Re: Mutual Funds by Omon01(m): 3:12pm On Dec 06
Harddiskng:
I am planning to open another “money market fund” with a different organization when my funds in Stanbic Asset Mgt hits xxxx-amount, which is very soon. Man cannot put all his eggs in one basket, to avoid stories that touch the heart.

House, please recommend. I need an organization that displays rates daily. Quick with booking my additional subscription and speedy redemption.

please how much did you start with , and when did you start and what is the earning ratio, how long till you start earning
Re: Mutual Funds by db15: 5:16pm On Dec 06
Good day all. Please does anyone have a complete understanding on how stanbic mmf calculate their new interest cos it's confusing me. Thanks
Re: Mutual Funds by Harddiskng: 2:02am On Dec 07
Omon01:
please how much did you start with , and when did you start and what is the earning ratio, how long till you start earning

I started the Stanbic MMF 4years ago, then it was still doing about btw 9-11% p.a i think. Started with N50,000 but now I think you can start with even N5,000.

You start earning as soon as your account is opened. Interest is paid using daily poration. It drops into your account daily. Eg you have N1,000,000 in the account and the interest rate is 17% (lets even say thats the interest rate and it is constant for everyday throughout the year; which is normally not the case).

It means everday you earn ((17/100)*(1,000,000))/365) = N465.75 daily. In a month you would have earned N13,972.5 as interest. In 6 months about N83,835. In a year N167,670.

Why does the rate fluctuate daily -Each day may have a slightly different rate because the fund constantly acquires new instruments from the market at different rates and these instruments also mature at different time and rates enhance leaving the fund. Its the aggregate of these rates that is provided to you daily. If the market keeps offering instruments at higher rates over a period of time, there is a tendency for the aggregate rate to increase and vice versa.

Hope this helps to clarify.

3 Likes 1 Share

Re: Mutual Funds by RAY12345(m): 6:55am On Dec 07
Harddiskng:


I started the Stanbic MMF 4years ago, then it was still doing about btw 9-11% p.a i think. Started with N50,000 but now I think you can start with even N5,000.

You start earning as soon as your account is opened. Interest is paid using daily poration. It drops into your account daily. Eg you have N1,000,000 in the account and the interest rate is 17% (lets even say thats the interest rate and it is constant for everyday throughout the year; which is normally not the case).

It means everday you earn ((17/100)*(1,000,000))/365) = N465.75 daily. In a month you would have earned N13,972.5 as interest. In 6 months about N83,835. In a year N167,670.

Why does the rate fluctuate daily -Each day may have a slightly different rate because the fund constantly acquires new instruments from the market at different rates and these instruments also mature at different time and rates enhance leaving the fund. Its the aggregate of these rates that is provided to you daily. If the market keeps offering instruments at higher rates over a period of time, there is a tendency for the aggregate rate to increase and vice versa.

Hope this helps to clarify.
Re: Mutual Funds by prestige2013(m): 3:43pm On Dec 07
I subscribed to Stanbic MMF yesterday, how long will it take to get my e- account details?

1 Like

Re: Mutual Funds by Futureinvestors(m): 12:17am On Dec 08
Fellow Nigerians, there's money out there for all what's lacking is the faith to get because many have negatively programmed themselves not to believe money can be made easily.

Not many have the slightest ideas of what's out there.
For Many fear has limited them from moving forward.
Every successful businessman once took a risk that changed his entrepreneurial story. My story too.

No gimmicks, contact me if you have 50K, 100K, 500K and above to invest hurry to contact me now!
You will have access to monitor your investment and watch your money grow. Full transparency.
But I must be paid for my services from the profit I help you make monthly which can exceed 50% of your investment capital.
If I'm to be paid from profit made it means I must work hard to succeed just that simple.
After a month or two you can be rest assured to get your initial capital back and continue with your available profit.
No risk attached.
I will show a simple proof and that's enough otherwise I can't help you.

When you talk too much Nigerians call you scammer yet many are wallowing in deep ignorance while the few wise ones make a living.
No doubter should contact me.

Note: Don't post your Phone or E-mail here please. Keep your details private.

Contact me only when you have such capital at hand to invest.
If you are in Lagos you can arrange a meet. Fine by me.

Business calls only.
+234*8*1*4*1*1*9*5*9*9*9

Full Access LINK: http://www.nairaland.com/4221278/how-generate-sustainable-income-online
Re: Mutual Funds by slegerman(m): 9:20pm On Dec 08
Futureinvestors:
Fellow Nigerians, there's money out there for all what's lacking is the faith to get because many have negatively programmed themselves not to believe money can be made easily.

Not many have the slightest ideas of what's out there.
For Many fear has limited them from moving forward.
Every successful businessman once took a risk that changed his entrepreneurial story. My story too.

No gimmicks, contact me if you have 50K, 100K, 500K and above to invest hurry to contact me now!
You will have access to monitor your investment and watch your money grow. Full transparency.
But I must be paid for my services from the profit I help you make monthly which can exceed 50% of your investment capital.
If I'm to be paid from profit made it means I must work hard to succeed just that simple.
After a month or two you can be rest assured to get your initial capital back and continue with your available profit.
No risk attached.
I will show a simple proof and that's enough otherwise I can't help you.

When you talk too much Nigerians call you scammer yet many are wallowing in deep ignorance while the few wise ones make a living.
No doubter should contact me.

Note: Don't post your Phone or E-mail here please. Keep your details private.

Contact me only when you have such capital at hand to invest.
If you are in Lagos you can arrange a meet. Fine by me.

Business calls only.
+234*8*1*4*1*1*9*5*9*9*9

Full Access LINK: http://www.nairaland.com/4221278/how-generate-sustainable-income-online

And you think these things you wrote here will get you the needed clients.

You need to tell people how you intend to generate profit from the money they will invest. Anyone interested will carry out research on what you have said and if they are interested, they will contact you.

Don't just put up stories similar to what people are used to on this forum.

1 Like

Re: Mutual Funds by grosy: 12:21am On Dec 09
Pls house I want to invest 200,000 thousand in stanbic ibttc money market fund . what is my interest in 3mths, 6mths n12mths? N what is d procedures to start pls is urgent
Re: Mutual Funds by grosy: 12:32am On Dec 09
Stanbic ibtc bank rate is 18.15% as per Oct 2017
Re: Mutual Funds by IamZod(m): 12:51am On Dec 09
Please between Mutual funds and Tbills which one is most preferable?
Re: Mutual Funds by dotcomnamename: 1:38am On Dec 09
A bank just mistakenly credited double of what i deposited to my account.. Who should i report to?. Instead of 800k they credited 1.6million grin

1 Like

Re: Mutual Funds by dotcomnamename: 1:39am On Dec 09
IamZod:
Please between Mutual funds and Tbills which one is most preferable?


Treasury bills for long.
Mutual Funds for short.

My OP!

1 Like

Re: Mutual Funds by RealityShot: 6:12am On Dec 09
dotcomnamename:
A bank just mistakenly credited double of what i deposited to my account.. Who should i report to?. Instead of 800k they credited 1.6million grin
dont worry.. They will retrieve it sharperly (without your consent!) cheesy
Re: Mutual Funds by grosy: 6:51am On Dec 09
grosy:
Pls house I want to invest 200,000 thousand in stanbic ibttc money market fund . what is my interest in 3mths, q6mths n12mths? N what is d procedures to start pls is urgent
Re: Mutual Funds by grosy: 6:51am On Dec 09
grosy:
Pls house I want to invest 200,000 thousand in stanbic ibttc money market fund . what is my interest in 3mths, 6mths n12mths? N what is d procedures to start pls is urgent
Re: Mutual Funds by RAY12345(m): 8:38am On Dec 09
grosy:
Pls house I want to invest 200,000 thousand in stanbic ibttc money market fund . what is my interest in 3mths, 6mths n12mths? N what is d procedures to start pls is urgent
@bold, walk into any bank with either voters card, Intl passport or any other form of identification, utility bill, one passport photograph and the money you want to invest. You will be given a form to fill at the Bank. Payment will be made there also.

cheers!!!
Re: Mutual Funds by grosy: 9:11am On Dec 09
Wld I open account wit them first
Re: Mutual Funds by jaychubi: 9:18am On Dec 09
dotcomnamename:
A bank just mistakenly credited double of what i deposited to my account.. Who should i report to?. Instead of 800k they credited 1.6million grin

Lol even if u quickly withdraw it they will trace u and arrest u but surely dey will debit u soon
Re: Mutual Funds by prestige2013(m): 9:46am On Dec 09
grosy:
Wld I open account wit them first


Not necessary,

Mind you the interest rate is not fixed, so the rate differs daily. Yesterday rate was at 16.58%.
Re: Mutual Funds by dotcomnamename: 9:52am On Dec 09
jaychubi:


Lol even if u quickly withdraw it they will trace u and arrest u but surely dey will debit u soon

Thanks..I've told them immediately.
Re: Mutual Funds by IamZod(m): 10:20am On Dec 09
dotcomnamename:



Treasury bills for long.
Mutual Funds for short.

My OP!
Thank you so much.
Re: Mutual Funds by jaychubi: 10:24am On Dec 09
dotcomnamename:


Thanks..I've told them immediately.

Nice one keep it up

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