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Mutual Funds - Investment (127) - Nairaland

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Re: Mutual Funds by Yem0350: 8:57pm On Nov 30, 2018
r4blessing:
Guys is it just me or something else entirely
Axamasard has not been crediting interest for the past three days now. I sent them a mail but they are yet to fix it

Also I noticed Friday's interest is usually not added until late on Monday along side the weekend interest which is usually lower than expected. I still maintain that stanbic is better
My yesterday interest is still being awaited.
Re: Mutual Funds by InvestorsMind: 11:39am On Dec 01, 2018
naira crashes, time to terminate tb?

1 Like 1 Share

Re: Mutual Funds by emmy4lov(m): 4:11pm On Dec 02, 2018
GonFreecss1:


United Capital's last interest rating was 12.52%, FBN quest 12.48%

Hi,

How do I check United capital's present rate
Re: Mutual Funds by luv4mama(m): 12:43am On Dec 03, 2018
Hello all, pls I'm new to mmf investment. I have done my research, however I need clarifications on some issues. First, I want to know the daily interest rate of SIBTC MMF, though I know it fluctuates, but based on todays interest rate, i will like to know how much interest Id gain on a 500k investment for a 3/6/9/12month period? Thanks in advance smiley
Re: Mutual Funds by Ademat7(m): 11:02am On Dec 03, 2018
luv4mama:
Hello all, pls I'm new to mmf investment. I have done my research, however I need clarifications on some issues. First, I want to know the daily interest rate of SIBTC MMF, though I know it fluctuates, but based on todays interest rate, i will like to know how much interest Id gain on a 500k investment for a 3/6/9/12month period? Thanks in advance smiley
Rate fluctuate hence the interest can't be fixed,using 12%as benchmark u could earn 1% per month, after three month(1st quarter) capital +interest(3months) will form the capital for the next quarter

1 Like

Re: Mutual Funds by GonFreecss1: 12:13pm On Dec 03, 2018
emmy4lov:


Hi,

How do I check United capital's present rate

http://fman.com.ng you can see that of many platforms, including united Capital.
Re: Mutual Funds by naijaobi(m): 1:16pm On Dec 04, 2018
jagadab:
I have been following this thread for sometime now
please just want a wise advise between stanbic and axa mansard from what I have been reading for the past one week
which is better and also is the MMF better than a target savings account with one of these commercial banks?



naijaobi:
Only those who actually pay close attention to details will realize that Stanbic is head above all these other guys.
But those who only look at the surface of the water will not see this. grin wink

1 Like

Re: Mutual Funds by Ibrahim505(m): 2:04pm On Dec 04, 2018
GonFreecss1:


http://fman.com.ng you can see that of many platforms, including united Capital.
List are not seeable at this platform using phone. Is there any other site that one can see the price list?
Re: Mutual Funds by ijeshaboy: 3:35pm On Dec 04, 2018
What's happening I make a withdrawal from mmf account since yesterday morning no alert yet
Re: Mutual Funds by Yem0350: 7:42pm On Dec 04, 2018
ijeshaboy:
What's happening I make a withdrawal from mmf account since yesterday morning no alert yet
Which of the MMF account?
Most MMFs withdrawal timeout are 5 working days
Re: Mutual Funds by GonFreecss1: 8:11am On Dec 05, 2018
Ibrahim505:

List are not seeable at this platform using phone. Is there any other site that one can see the price list?

That's the only one I know. Why not use Desktop mode on your phone?
Re: Mutual Funds by 46O1CE: 10:41am On Dec 06, 2018
Ok
Re: Mutual Funds by ndidigood(f): 6:54pm On Dec 07, 2018
Yem0350:

Which of the MMF account?
Most MMFs withdrawal timeout are 5 working days
if l make withdrawal from Stanbic mmf b4 5:30 igo land
I really love their services,very convenient …
Re: Mutual Funds by Ibrahim505(m): 9:35pm On Dec 07, 2018
GonFreecss1:

That's the only one I know. Why not use Desktop mode on your phone?
Still not showing
Re: Mutual Funds by Aderex91: 9:41am On Dec 10, 2018
Good morning all,
pls i want to ask how i can redeem all my money from my mmf, i have an acct with ARM MMF, tried initiating a withdrawal of all fund from my account only to receive a notification that i cant withdrawal all fund, is this suppose to be so, as i am urgently in need of cash. Your quick response would be highly regarded. Thanks
Re: Mutual Funds by Yem0350: 10:48am On Dec 10, 2018
Aderex91:
Good morning all,
pls i want to ask how i can redeem all my money from my mmf, i have an acct with ARM MMF, tried initiating a withdrawal of all fund from my account only to receive a notification that i cant withdrawal all fund, is this suppose to be so, as i am urgently in need of cash. Your quick response would be highly regarded. Thanks
This is strange. I have, in the past 3months redeemed all my investment at once.
Re: Mutual Funds by emmas2k570(m): 11:04am On Dec 10, 2018
Aderex91:
Good morning all,
pls i want to ask how i can redeem all my money from my mmf, i have an acct with ARM MMF, tried initiating a withdrawal of all fund from my account only to receive a notification that i cant withdrawal all fund, is this suppose to be so, as i am urgently in need of cash. Your quick response would be highly regarded. Thanks

To my best understanding you can't redeem all. Atleast 5k must be left in the account.
Re: Mutual Funds by Michael820(m): 4:57pm On Dec 10, 2018
hello,
I concurrently have all my investment in Stanbic Money market fund, but I want to move some them to Equity fund for better interest rate cause I am of the opinion that Equity should give more interest, is this true??

And I would really appreciate anyone who has invested in this fund before to give me insight on the average daily interest.

Thanks
Re: Mutual Funds by emmasoft(m): 5:17pm On Dec 10, 2018
Michael820:
hello,
I concurrently have all my investment in Stanbic Money market fund, but I want to move some them to Equity fund for better interest rate cause I am of the opinion that Equity should give more interest, is this true??

And I would really appreciate anyone who has invested in this fund before to give me insight on the average daily interest.

Thanks
If you don't have stong heart stay away from equity or anything related to equity you can get your fingers burnt. I advice you stay with the MMF. when the coast is clear you can do equity directly on the floor of the exchange or invest in equity related fund. it's my opinion/advice.

2 Likes

Re: Mutual Funds by Michael820(m): 5:20pm On Dec 10, 2018
emmasoft:

If you don't have stong heart stay away from equity or anything related to equity you can get your fingers burnt. I advice you stay with the MMF. when the coast is clear you can do equity directly on the floor of the exchange or invest in equity related fund. it's my opinion/advice.
Ok noted, thanks
Re: Mutual Funds by rOsy247(f): 5:39pm On Dec 10, 2018
ajeleomo:


I have written on this platform about strategic financial solutions(SFS) who runs an account called the Fixed income fund(FIF) and their interest is quite good and they also guaranteed that you will not receive interest below 12%. I have tried them and have a first hand information that it is very true. See below outcome on the below sum


Days" Gain Yield
14 11 2018 20,000.00 1 7.00 12.78%
15 11 2018 20,000.00 1 7.01 12.79%
16 11 2018 20,000.00 1 7.35 13.41%
17 11 2018 20,000.00 1 7.46 13.61%
18 11 2018 20,000.00 1 7.46 13.61%
Grand Total: 1 36.28

Please enlighten me more, I want to invest 50k as well.
Re: Mutual Funds by Olohunjedalo(m): 10:58am On Dec 11, 2018
To god be the glory . I am switching from Stanbic IBTC MMF to investment one MMF .

2 Likes

Re: Mutual Funds by Yem0350: 2:48pm On Dec 11, 2018
Olohunjedalo:
To god be the glory . I am switching from Stanbic IBTC MMF to investment one MMF .
What are your reasons for this decision?
Re: Mutual Funds by Kzdguru: 4:02pm On Dec 11, 2018
Overcrowding is taking its toll on Axa.
Re: Mutual Funds by emmas2k570(m): 4:01pm On Dec 13, 2018
Kzdguru:
Overcrowding is taking its toll on Axa.

Why did you say that brov
Re: Mutual Funds by Desanta(m): 6:47pm On Dec 13, 2018
How often does Stanbic ibtc reinvent the accrued interest?
I'm not sure it's weekly!
Re: Mutual Funds by GonFreecss1: 8:48am On Dec 14, 2018
Desanta:
How often does Stanbic ibtc reinvent the accrued interest?
I'm not sure it's weekly!

Is it lower than expected?
Re: Mutual Funds by Nobody: 10:38am On Dec 16, 2018
xcitedjay:


I log in on a daily basis to view my account. Also same day payment reflection/liquidation can be achieved if action is carried out early enough.
Hi bro, good morning. When is the weekend interest updated? Or no interest over a weekend... Thanks
Re: Mutual Funds by RealityShot: 11:08am On Dec 16, 2018
KPboy:
Hi bro, good morning. When is the weekend interest updated? Or no interest over a weekend... Thanks
stop worrying about daily updates... You are just wasting their bandwidth and your data logging on daily..

YOU CAN worry when you dont see updates after 2 weeks or a month.

my stanbic account is updated every 7 days mostly... Sometimes they update Fridays and mondays...

it makes no difference because at the end of the month everything is recalculated and "regularized".
Re: Mutual Funds by xcitedjay(m): 12:26pm On Dec 16, 2018
KPboy:
Hi bro, good morning. When is the weekend interest updated? Or no interest over a weekend... Thanks

Weekend interests are usually updated on mondays.
Re: Mutual Funds by Charlssey(m): 2:56pm On Dec 16, 2018
Desanta:
How often does Stanbic ibtc reinvent the accrued interest?
I'm not sure it's weekly!

Usually after every 3 months

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