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Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)
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Re: Mutual Funds by afope: 4:24pm On Mar 19, 2018 |
Hello I just invested 500k in Stanbic MMF. I am looking at their online trading platform, is it any good? how does it compare to Morgan? |
Re: Mutual Funds by skyangel(f): 5:40pm On Mar 19, 2018 |
xcitedjay: Thanks Xcitejay. That sounds encouraging . I'll work towards doing business with them |
Re: Mutual Funds by onyechimereze1: 10:13pm On Mar 19, 2018 |
please i will like to know if it's possible for someone to liquidate only the interest on MMF while leaving the initial investment? |
Re: Mutual Funds by elothaddi(m): 10:41pm On Mar 19, 2018 |
Yes [1quote author=yak post=65972636] u did everything online?[/quote] |
Re: Mutual Funds by Jessglam: 11:04pm On Mar 19, 2018 |
Re: Mutual Funds by elothaddi(m): 7:03am On Mar 20, 2018 |
Re: Mutual Funds by xcitedjay(m): 10:17pm On Mar 20, 2018 |
onyechimereze1: Don't think they allow that. Liquidation is usually done only on your investment or after interest have been credited to your initial investment. |
Re: Mutual Funds by elothaddi(m): 4:05pm On Mar 22, 2018 |
Using the AXA Mansard app, I tried increasing my funds in my account only to notice an additional 1k ''transaction charge'" so I stopped and tried their website and there was no such charge. So my question is, do we always have these 'charges' when using the AXA Mansard app ? |
Re: Mutual Funds by shegonchy(m): 7:54am On Mar 23, 2018 |
elothaddi: I experienced the same thing some time ago. Since then I have opted for the online instead of the app. 1 Like |
Re: Mutual Funds by ImperialCovfefe: 10:12am On Mar 23, 2018 |
A snapshot of the spreadsheet is attached below. Thoughts – ARM does not compound until the interest realised is distributed at the end of a quarter (3 months). Stanbic compounds with the interest once a week, but only adds a small fraction of the realised interest for this purpose (circa 7%). – There is a marked difference in actual interest accrued compared with the quoted effective yield. This is more pronounced for ARM. 5 Likes 3 Shares
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Re: Mutual Funds by elothaddi(m): 11:41am On Mar 23, 2018 |
Thanks for your response. shegonchy: |
Re: Mutual Funds by enemarieal: 9:38pm On Mar 23, 2018 |
ImperialCovfefe: Hi ImperialCovfefe, Thank you for sharing this, i also noticed this with axa mansard, for the period i checked there is a difference of >= 0.30% between percentage yield as stated on the site and what was actually used for interest computation. This is worrisome, i wonder if there is an explanation for this or bad practice by these asset managers. PS: thanks everyone for posts shared, i bet this posts have helped many in making informed decisions. 4 Likes |
Re: Mutual Funds by kaze4blues(m): 4:32am On Mar 24, 2018 |
Stanbicibtc website not showing the green "secured connection" logo. Are we actually safe or some people are trying to tamper with the site
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Re: Mutual Funds by amaham(m): 7:31am On Mar 24, 2018 |
kaze4blues:I will try a re-login, if it didnot give a padlock sign , i will check later. |
Re: Mutual Funds by solazo: 12:38pm On Mar 24, 2018 |
Hello house, how do i top up my Stanbic MMF from the App? |
Re: Mutual Funds by eezeribe(m): 11:08am On Mar 25, 2018 |
Nice thread |
Re: Mutual Funds by eezeribe(m): 11:09am On Mar 25, 2018 |
haibe:I am so happy that your issue was resolved... I was following your case and silently prayed for you. Such 'affliction' will never rise again.... 2 Likes |
Re: Mutual Funds by xcitedjay(m): 12:57pm On Mar 25, 2018 |
My problem with Stanbic is that they take too much time in resolving issues. Time is money. |
Re: Mutual Funds by gagzee(m): 5:00pm On Mar 25, 2018 |
awesomeJ:Hello, please this mutual funds thing, is the interest daily or montly? thanks. |
Re: Mutual Funds by awesomeJ(m): 8:44pm On Mar 25, 2018 |
gagzee:The interest rate is per annum. But the interest accrues daily. For instance, if you put 1m, At 14.4%, your interest for a year would be 144,000, ignoring the compounding effect. On a daily basis, you'd earn about #400.00 as interest. 1 Like |
Re: Mutual Funds by awesomeJ(m): 8:57pm On Mar 25, 2018 |
afope:Theirs isn't a trading platform really. Actually Stanbic's MMF and Morgan's iTRADE, are not comparable vehicles. But, from my own experience, both platforms are great. |
Re: Mutual Funds by gagzee(m): 7:45am On Mar 26, 2018 |
awesomeJ:oh, thanks alot |
Re: Mutual Funds by eezeribe(m): 9:37am On Mar 26, 2018 |
awesomeJ:Please Bro,does SIBTC still issue certificate when you invest in their MMF? |
Re: Mutual Funds by awesomeJ(m): 9:47am On Mar 26, 2018 |
eezeribe:Yes sir. But it's an e-certificate in PDF. You may however print it to obtain a hard copy. |
Re: Mutual Funds by eezeribe(m): 10:14am On Mar 26, 2018 |
awesomeJ:OK,thanks very much for your quick response... |
Re: Mutual Funds by Emmy2018: 12:07pm On Mar 26, 2018 |
Hello House, Please i need the house to throw more light on FBN, Eurobound Dollar, investment. Please how does it work, is it a good investment. Waiting for your answer. TIA Guys, please i need your advice. Has anyone done FBN, Eurobound Dollar investment? Please shade more light to me on how it goes. |
Re: Mutual Funds by Ademat7(m): 12:44pm On Mar 26, 2018 |
xcitedjay:Reason why I opt for Axa mansard, timely response is important |
Re: Mutual Funds by eezeribe(m): 5:07pm On Mar 26, 2018 |
awesomeJ:Please Bro,if someone wants to invest in SIBTC MMF physically and doesn't have an account in stanbic IBTC;how will the funds be transferred? cc:xcitedjay |
Re: Mutual Funds by Nobody: 5:32pm On Mar 26, 2018 |
eezeribe:When i invested in stanbic mmf, after filling the forms there was an account number I transfered the money into. Sent the transfer receipt to the email of the person in charge who printed it and attached it to my forms. |
Re: Mutual Funds by eezeribe(m): 5:52pm On Mar 26, 2018 |
Flaj:OK thanks very much... |
Re: Mutual Funds by collinkz: 6:30pm On Mar 26, 2018 |
I subscribed to stanbic ibtc money market with 100k about two weeks ago, my subscription was activated last Friday, I logged in today and saw 119 Naira as interest. I don't have to check if this is for the two weeks or just for some days |
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