taiwoliu:
@carpenter.... Welldone boss, more accuracy to ur accounting calculations. Lol.
@ednut1... M sori to bore u wt questions, ls bear wt me as am a novice to investments and accounts. D annual profit of Mutual funds is calculated in what way? Is it by adding d daily earnings for 365 days or 12% of d total daily earnings for 365days?

there diff mutual funds. some pay annual dividend ,bi annual u can also gain thru increase in unit price of ur investment. for a money market mutual fund. ur gain is d accumulation of daily interests. u have two options every 3 months. collet ur interest or add back to ur initial investment. eg lets say i invested 1m. in 3 months it has earned 28k. i can collet d 28k or add it back to my 1m. meaning my initial investment is now 1028000, from den on. ur daily interest is now being computed wit 1028,000 nd nt 1m

Aiit boss.... Tnx
Don't have access to dt email at d moment

ednut1:
there diff mutual funds. some pay annual dividend ,bi annual u can also gain thru increase in unit price of ur investment. for a money market mutual fund. ur gain is d accumulation of daily interests. u have two options every 3 months. collet ur interest or add back to ur initial investment. eg lets say i invested 1m. in 3 months it has earned 28k. i can collet d 28k or add it back to my 1m. meaning my initial investment is now 1028000, from den on. ur daily interest is now being computed wit 1028,000 nd nt 1m

taiwoliu:
Aiit boss.... Tnx
Don't have access to dt email at d moment

ok bro.

Great thread lads, lets keep it going.

FBN MMF and Stanbic MMF are some of the better mutual funds in the market. My opinion is that though Stanbic may have a larger base, wider reach and ?better managers, their fees are not a bowl of ice-cream. Nevertheless, you can't go wrong with either of them.

Does anybody know of any other good funds or fund managers? (Please don't mention ARM). Even as the market is tanking, the yield of some of these funds will definitely drop. I've been trying to find any information about ETFs(particularly Vetiva and Stanbic). I hear ETFs have some advantages over ordinary mutual funds.

igboboy3:
Great thread lads, lets keep it going.

FBN MMF and Stanbic MMF are some of the better mutual funds in the market. My opinion is that though Stanbic may have a larger base, wider reach and ?better managers, their fees are not a bowl of ice-cream. Nevertheless, you can't go wrong with either of them.

Does anybody know of any other good funds or fund managers? (Please don't mention ARM). Even as the market is tanking, the yield of some of these funds will definitely drop. I've been trying to find any information about ETFs(particularly Vetiva and Stanbic). I hear ETFs have some advantages over ordinary mutual funds.

I don't know much about StanbicIBTC but i do like the categorisation of their products. I will definitely check them out in future. The yields are all similar though... still in the 11-12% range and the fees don't matter since the yields advertised are net of fees. FBN MMF entry level is quite low compared to theirs (5k initial and 5k subsequently vs 50k initial and subsequent investment of 50k) and they are both rated by the same rating agency (Agusto) as Aa(f) http://www.agusto.com/rating-category.php?id=10 . I am inclined to agree StanbicIBTC might have better managers since the core business is investment. However, I believe the yields are not a reflection of that thinking...maybe they use their better managers on the other funds and not MMF.

A lot of people are not being fair to ARM sha...just saying.

InvestOne seems to offer the best rates I have seen so far...

on ETFs, I have no idea..trying to remember the full meaning sef

can anyone help with a list of non bank mutual/hedge funds based in Nigeria. Thanks

Found it and more. http://www.sec.gov.ng/collective-investment-schemes.html. Thanks @all

What are non-bank mutual/hedge funds?

teemy:
can anyone help with a list of non bank mutual/hedge funds based in Nigeria. Thanks

taiwoliu:
What are non-bank mutual/hedge funds?

Referring to the ones not managed/owned by a bank

for the benefit of all, here is a list of all funds in nigeria and so far so good how they have performed. published by SEC as at last month.
with this list you will know all the fund managers in nigeria, the funds the offer and how well the funds are performing.
NOTE it's in excel format

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Nice investment tip thanks to u all

carpenter:


I don't know much about StanbicIBTC but i do like the categorisation of their products. I will definitely check them out in future. The yields are all similar though... still in the 11-12% range and the fees don't matter since the yields advertised are net of fees. FBN MMF entry level is quite low compared to theirs (5k initial and 5k subsequently vs 50k initial and subsequent investment of 50k) and they are both rated by the same rating agency (Agusto) as Aa(f) http://www.agusto.com/rating-category.php?id=10 . I am inclined to agree StanbicIBTC might have better managers since the core business is investment. However, I believe the yields are not a reflection of that thinking...maybe they use their better managers on the other funds and not MMF.

A lot of people are not being fair to ARM sha...just saying.

InvestOne seems to offer the best rates I have seen so far...

on ETFs, I have no idea..trying to remember the full meaning sef

that ARM issue no be small

Anybody into KGIF. I want to ask few questions

So, I started the Stanbic IBTC MMF today. It was quite an easy process; just your documents and funds transfer receipt. The bank staff were quite courteous. Within 24hrs, I had received an email alert giving me details of my online access password.
I logged on to their portal and my 100k don add 31naira on top
Let's see how the whole thing goes

igboboy3:
So, I started the Stanbic IBTC MMF today. It was quite an easy process; just your documents and funds transfer receipt. The bank staff were quite courteous. Within 24hrs, I had received an email alert giving me details of my online access password.
I logged on to their portal and my 100k don add 31naira on top
Let's see how the whole thing goes

11.71% prorated

Yem0350:
Anybody into KGIF. I want to ask few questions

am into KGIF, whats your question?

ernie4life:


am into KGIF, whats your question?

Ao is it easy to divest from it? R dey reliable? What is their current rate?

Yem0350:

Ao is it easy to divest from it? R dey reliable? What is their current rate?

takes 5 working days to divest from it(all things being equal)
Currently at 12% but we are looking at it going up to 13%(all things being equal)

ernie4life:


takes 5 working days to divest from it(all things being equal)
Currently at 12% but we are looking at it going up to 13%(all things being equal)

Have u encounter any challenges with dem?

Yem0350:

Have u encounter any challenges with dem?

none that I can say, though I work with them

ernie4life:


none that I can say, though I work with them

Please @ ernie4life, going with the current oil downfall which is already having a toll on other sectors of the economy, will this affect investments in KGIF. How secure will people's investments be during these downfall?? What are the prospects Kindly throw light on this issue?

WeirdHero:

Please @ ernie4life, going with the current oil downfall which is already having a toll on other sectors of the economy, will this affect investments in KGIF. How secure will people's investments be during these downfall?? What are the prospects Kindly throw light on this issue?

KGIF is a balanced mutual fund, major part of the fund is put into fixed income market that's why the fund managers can guarantee you a fixed interest on your investment, while the other part of the fund is invested in equities that is why there is a clause of you making an extra 35% or so depending on how well the funds performs. With that if equities are not performing well fixed income will always perform well.

Now with the current fall in oil prices which seems to be affecting the whole economy won't  have much effect on KGIF, because majority of KGIF funds are invested in bonds and some other times its loaned out to banks that's  why the interest rate on kgif is pegged to MPR, this means the could give this funds to banks to do business and pay interest or they could buy FG bonds at an interest of 13%. With this kind of investment the fund is always safe and there will always be steady return.

Now the second reason why I think KGIF will still remain stable it's in its administration, now check out the parties involved in the business 
First trustees (first bank holding)
Stanbic ibtc
Investment one
All these financial institutions have a good track record, with them involved I believe your cash is always safe.

How about the regulation of Kgif? 
Kgif is regulated by SEC thats why you can always check for periodic updates of the funds in SEC website, that's to show the fund is highly regulated. 

Disclaimer: the write up above is solely my opinion.

To all the 'teachers' in d houz, just wanna ask if the current oil slump won't affect Mutual Funds in the nearest future. Don't really knw much abt their connection bt jst a lil concerned.

taiwoliu:
To all the 'teachers' in d houz, just wanna ask if the current oil slump won't affect Mutual Funds in the nearest future. Don't really knw much abt their connection bt jst a lil concerned.

sure it wud affect d equity based mutual funds most. in 2013 stanbic ibtc Imaan fund made 48%, equity nd ethical fund 36% nd 34% bt it 2014 dey all made a loss of btw 22%-28%. the money market fund was nt affected nd ended d year wit 11.09%.

guys i dont know what to do o. For some days now I cant reach fbn capital online for my online access login detail. None is responding to my mail. None is picking calls. Anyone knows whats happening there?

S/N                 NAME OF THE FUND MANAGER AND THERE  FUNDS 
                               EQUITY BASED FUNDS
1              Stanbic IBTC Asset Mgt. Limited                                       .              Stanbic  IBTC Nigerian Equity Fund

2              Asset & Resources Mgt. Co. Ltd                          .                ARM Discovery Fund

3              FSDH Asset Management Ltd                                        .               Coral Growth Fund


4              Investment One Fin. Serv.Ltd                                       .               Nigeria International Growth Fund

5              First City Asset Management Plc                                   .               Legacy Fund

6              First City Asset ManagementPLc                                   .                IMB Energy Master Fund

7              Sterling Capital Market Limited                                    .                Frontier Fund

8              Chapel Hill Denham Mgt. Limited                               .                Paramount Equity Fund

9              UBA Asset Management Limited                               .                UBA Equity Fund

10           Asset & Resources Mgt. Co. Ltd                                  .              ARM Aggressive Growth Fund

11           Alternative Cap. Partners Ltd                                      .              ACAP Canary Growth Fund

12           FBN Capital Asset Mgt                                                 .               Anchor Fund

13           FBN Capital Asset Mgt                                                .              Bedrock Fund

14           Zenith Asset Management Ltd                                  .              Zenith Equity Fund

15           Afrinvest Asset Mgt Plc                                                 .              Afrinvest Equity Fund

16           BGL Asset Management Limited                                 .              BGL Nubian Fund

17           SIM Capital Alliance Limited                                         .              SIM Capital Alliance Fund
                                
                                MONEY MARKET FUND

18           Stanbic IBTC Asset Mgt. Limited                                             .              Stanbic IBTC Money Market Fund

19           FBN Capital Asset Mgt Limited                                .              FBN Money Market Fund

20           UBA Asset Management Limited                             .              UBA Money Market Fund

21           AIICO Capital Ltd                                                         .              AIICO Money Market Fund

22           Asset & Resources Mgt. Co. Ltd                              .              ARM Money Market Fund

                                
                                BOND FUND

23           Stanbic IBTC Asset Mgt. Limited                                           .              Stanbic IBTC Bond Fund

24           UBA Asset Management Limited                           .              UBA Bond Fund

25           Afrinvest Asset Mgt Plc Nigeria                             .              International Debt Fund

26           BGL Asset Management Limited                         .              BGL Sapphire Fund

27           FSDH Asset Management Ltd                             .              Coral Income Fund

28           Kakawa Asset Mgt. Co.Limited                           .              kakawa Guaranteed Income Fund

29           Zenith Asset Management Ltd                          .              Zenith Income Fund

30           FBN Capital Asset Mgt Limited                          .              FBN Fixed Income Fund

31           Stanbic IBTC Asset Mgt. Limited                       .               Stanbic IBTC Guaranteed Fund

32           SFS Capital Nigeria Ltd                                                          .              SFS Fixed Income Fund
                                
                                REAL ESTATE FUND
33           SFS Capital Nigeria Ltd                                           .              Skye Shelter Fund

34           Union Homes Saving & Loans Plc                          .               Union Homes REITS

35           FSDH Asset Management Ltd                               .             UPDC Real Estate Investment Fund
                                
                                BALANCED BASED FUND
36           Chapel Hill Denham Mgt. Limited                                      .              Women Investment Fund

37           UBA Asset Management Limited                                   .              UBA Balanced Fund

38           CDL Asset Management Ltd                                            .              Union Trustees Mixed Fund

39           FBN Capital Asset Mgt. Limited                                        .              FBN Heritage Fund

40           Chapel Hill Denham Mgt. Limited                                     .               Nigeria Global Investment Fund

41           Stanbic IBTC Asset Mgt. Limited                                                    .              Stanbic IBTC Balanced Fund

42           Sterling Capital Market Limited                                        .               Indo Nigeria Unit Trust Fund

43           Vetiva Fund Managers                                                     .              DV Balanced Fund

                                
                                ETHICAL FUND

44           Zenith Asset Management Ltd                                      .              Zenith Ethical Fund

45           Lotus Capital Limited                                                         .              Lotus Halal Inv. Fund

46           Stanbic IBTC Asset Mgt. Limited                                                     .              Stanbic IBTC Ethical Fund

47           Asset & Resources Mgt. Co. Ltd                                         .              ARM Ethical Fund

48           Stanbic IBTC Asset Mgt. Limited                                                     .               Stanbic IBTC Iman Fund

                                
                                SECTOR FUND
49           Sterling Capital Market Limited                                         .              Nigeria Energy Sector Fund

many of the funds on this list sound new to me and yet I thought I knew much about mutual funds, am obviously just starting, but trust me am already working on the list to find out every tiny info

Okay ...we dey wait

ernie4life:
many of the funds on this list sound new to me and yet I thought I knew much about mutual funds, am obviously just starting, but trust me am already working on the list to find out every tiny info

;DOkay ...we dey wait

The ARM Discovery Fund
investment objective is to provide capital growth primarily through investments in equity, real estate and fixed income securities in the Nigerian market. The Fund Manager maintains a minimum equity position of 40% and a maximum of 65%. It is not the objective of the Fund to replicate the performance of the Nigerian equity market; rather,it has a primary objective to deliver real returns over the long term. The Fund is suitable for investors who have a moderate risk tolerance level.
Key facts
Launch Date: January 1995 Memorandum listing in April 2002 Size of Fund: N5.20 billion ($32.30 million)* Initial Investment Amount: N10,000.00 Management Fee: 1.5% of NAV Incentive Fee: 20% of Return in excess of 10% annually Benchmark: NSE/T Bill Composite Index Fund
Investment Strategy
The Fund invests in equity, fixed income and real estate securities. This mix of assets provides the investor with an optimum balance between risk and return aimed at providing long term sustainable returns.

for d kgif biannual remittances is d interest on 365 days on 180 days calculation?