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Mutual Funds - Investment (55) - Nairaland

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Re: Mutual Funds by RAY12345(m): 3:30pm On Dec 09, 2017
prestige2013:



Not necessary,

Mind you the interest rate is not fixed, so the rate differs daily. Yesterday rate was at 16.58%.

How do you check the daily rate?
Re: Mutual Funds by Dayhor: 4:20pm On Dec 09, 2017
RAY12345:

How do you check the daily rate?

https://www.stanbicibtcfundsmanagement.com/mfprices
Re: Mutual Funds by RAY12345(m): 6:46pm On Dec 09, 2017
Dayhor:

https://www.stanbicibtcfundsmanagement.com/mfprices
Thanks Thanks Thanks
Re: Mutual Funds by prestige2013: 8:25pm On Dec 09, 2017
RAY12345:

How do you check the daily rate?


Am also a newbie as well but by checking your account online, the rate is stated.
Re: Mutual Funds by RAY12345(m): 10:11pm On Dec 09, 2017
prestige2013:



Am also a newbie as well but by checking your account online, the rate is stated.
Noted. Thanks. I do use the mobile app and it's not there.
Re: Mutual Funds by RealityShot: 10:18pm On Dec 09, 2017
RAY12345:

Noted. Thanks. I do use the mobile app and it's not there.
use a browser..
i use UC browser..
u will see every transaction there

i check my account once a month.. Every thing is good since july ..
Re: Mutual Funds by dotcomnamename: 12:58am On Dec 10, 2017
RealityShot:
use a browser..
i use UC browser..
u will see every transaction there

i check my account once a month.. Every thing is good since july ..

What if you check your account everyday? grin

1 Like

Re: Mutual Funds by RealityShot: 5:06am On Dec 10, 2017
dotcomnamename:


What if you check your account everyday? grin
well doesnt change anything.

i know they just changed it to pay daily..
but i kind a liked the 3 months interest payment system.

short answer: am in this long term, so no need for daily high BP
(its not a ponzi that i should be scared)
Re: Mutual Funds by Theben(m): 7:42am On Dec 10, 2017
How much is the current interest rate of FBN quest money market?
Re: Mutual Funds by grosy: 1:03pm On Dec 10, 2017
Pls interest on stanbic IBTc. Mmf #200000 for 30day,6mths n 12_mths
Re: Mutual Funds by prestige2013: 1:40pm On Dec 10, 2017
grosy:
Pls interest on stanbic IBTc. Mmf #200000 for 30day,6mths n 12_mths


The interest rate is not fixed, it differs daily.....but u can assumedly use 15% to project what your earning will be like

15÷100/12 * 200000 = monthly

15÷100/2*200000 = 6 months

15÷100 * 200000 = 12 months


For real your profit will be more than the predicted value cos it compound interest.

****my opinion!
Re: Mutual Funds by grosy: 2:10pm On Dec 10, 2017
Thanks
Re: Mutual Funds by grosy: 2:18pm On Dec 10, 2017
I calculate it, for 30day I got 5000 ,for 6mths 30000 and for one year is 60000pls is it direct? N how will I collect my money n interest at d end if the months I choose?
Re: Mutual Funds by grosy: 3:47pm On Dec 10, 2017
Can I open account with stanbic ibtc
Re: Mutual Funds by grosy: 4:24pm On Dec 10, 2017
First b/4,I start d investment
Re: Mutual Funds by Dolphine92(m): 4:47pm On Dec 10, 2017
grosy:
I calculate it, for 30day I got 5000 ,for 6mths 30000 and for one year is 60000pls is it direct? N how will I collect my money n interest at d end if the months I choose?


You should get,
2,500 for a month
15,000 for 6 month
30,000 for 12 month
By the formula stated above....
Re: Mutual Funds by dotcomnamename: 3:26pm On Dec 12, 2017
What happened to Stanbic? I redeemed and they've deducted my e-account but the amount i redeemed is not credited to my bank account...
Re: Mutual Funds by Chudymario: 4:02pm On Dec 12, 2017
dotcomnamename:
What happened to Stanbic? I redeemed and they've deducted my e-account but the amount i redeemed is not credited to my bank account...


It's same experience on my end. Patiently waiting for the 48hrs redemption timeline to end.
Re: Mutual Funds by ekunade: 6:03pm On Dec 12, 2017
Gurus in the house, is it possible to terminate stanbic mmf after 30 days. Thank you
Re: Mutual Funds by jaychubi: 7:06pm On Dec 12, 2017
Chudymario:



It's same experience on my end. Patiently waiting for the 48hrs redemption timeline to end.

5 business days maximum is the new rule

1 Like

Re: Mutual Funds by dotcomnamename: 7:07pm On Dec 12, 2017
jaychubi:


5 business days is the new rule


I redeemed few days ago and i received it less than 24 hours
Re: Mutual Funds by jaychubi: 7:09pm On Dec 12, 2017
dotcomnamename:



I redeemed few days ago and i received it less than 24 hours

The minimum is unknown but the maximum b4 u start complaining is 5 business days

1 Like

Re: Mutual Funds by jaychubi: 7:10pm On Dec 12, 2017
dotcomnamename:



I redeemed few days ago and i received it less than 24 hours

The minimum could be anything evrn 1 hr but the maximum b4 u start complaining is 5 business days
Re: Mutual Funds by dotcomnamename: 7:34pm On Dec 12, 2017
jaychubi:


The minimum could be anything evrn 1 hr but the maximum b4 u start complaining is 5 business days


Yeah
Re: Mutual Funds by Chuxserve(m): 7:35pm On Dec 12, 2017
Hello guys. I opened a mutual fund account with stanbic ibtc via their mobile application since Thursday..I am yet to get any message from them. What do I do do?
Re: Mutual Funds by chizyn(f): 11:39pm On Dec 12, 2017
Hi guys, pls what's mutual fund about *in plain English biko".
Am a student AND i think I'll like to be involved in this
Pls what are d steps i need 2 take, basically what are my supposed to do OR be doing.
Thnks people.
Re: Mutual Funds by RAY12345(m): 7:59am On Dec 13, 2017
chizyn:
Hi guys, pls what's mutual fund about *in plain English biko".
Am a student AND i think I'll like to be involved in this
Pls what are d steps i need 2 take, basically what are my supposed to do OR be doing.
Thnks people.

Hello Chizyn,

Mutual fund is when you give a bank your money ey to invest for you. it's a better way of saving your money. Mutual fund has different categories and risk level. You can find out more from your bank. But let me talk about the most common (Money market fund), it has daily interest rate which is not fixed. It fluctuates. Presently, Stanbic money market rate is BTW 17-18% of your principal per annum.The minimum amount to start with Stanbic and some other banks is N5000.

To subscribe to Stanbic's Money Market Fund (SIMM), go into the bank with ur means of identification (Intl passport, voters card, etc), utility bill, one passport, and the amount you want to use to subscribe, you will be guided on what to do.

Regards

2 Likes 2 Shares

Re: Mutual Funds by Aderex91: 2:03pm On Dec 13, 2017
Good day please can anyone help me with the way to check the daily rate for ARM online
Re: Mutual Funds by RalphVwede(m): 2:11pm On Dec 13, 2017
is there any way of starting mmf at stanbic ibtc without visiting a branch?
Re: Mutual Funds by grosy: 3:30pm On Dec 13, 2017
pls how do I get my principal n interest back since they d on't open account
Re: Mutual Funds by grosy: 5:22pm On Dec 13, 2017
alo
Re: Mutual Funds by chizyn(f): 5:34pm On Dec 13, 2017
RAY12345:


Hello Chizyn,

Mutual fund is when you give a bank your money ey to invest for you. it's a better way of saving your money. Mutual fund has different categories and risk level. You can find out more from your bank. But let me talk about the most common (Money market fund), it has daily interest rate which is not fixed. It fluctuates. Presently, Stanbic money market rate is BTW 17-18% of your principal per annum.The minimum amount to start with Stanbic and some other banks is N5000.

To subscribe to Stanbic's Money Market Fund (SIMM), go into the bank with ur means of identification (Intl passport, voters card, etc), utility bill, one passport, and the amount you want to use to subscribe, you will be guided on what to do.

Regards
Thnks 4 replying.
Is it possible 4 me deal with my banks' instead?? I use Access bank.
Or it doesn't necessarily hve 2 be a bank i hve an acct with?
Thnks

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