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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 bikerboy1(m): 5:48pm On Jan 20, 2020 |
emmasoft: I thought both of them are mutual fund. Why is VGIF significantly higher than AMMF? Or rather, my question should be, what is the main difference between the two? |
Re: Mutual Funds by emmasoft(m): 5:57pm On Jan 20, 2020 |
bikerboy1: Yes they are, but have underlying assets differ. AMMF is purely money market fund. Fund is invested only on money market instrument predominated Tbills and some few percentages on commercial paper or bank deposit. The risk near zero. VGIF Fund Fact Minimum Subscription: N50,000 Additional investment can be made in multiples of N1.00 Fund Objective: To provide capital preservation and a stream of guaranteed income Financial Year End: December Fund Category: Fixed Income Asset Classes: Money Market, Fixed Income and Equities Fund Manager: Investment One Funds Management Limited (A subsidiary of Investment One Financial Services Limited) Fund Trustees: First Trustees Nigeria Limited Fund Custodian: Stanbic IBTC Custodians Fund Registrars: First Registrars & Investor Services Limited Nominees: Stanbic IBTC Nominees Limited FeaturesBenefits VGIF offers a guaranteed return which is benchmarked against SDF (Standard Deposit Facility) Returns are paid in January and July. The return on investment is not subject to withholding tax. Investors may also earn an additional yield equal to 35% of the net income of the Fund The investment can be used as collateral for loan from banks. Please check up these links to know more, https://www.nairaland.com/2351888/top-10-mutual-fund-managers http://businessnews.com.ng/2014/10/15/investmentone-acquires-kakawa-asset-management/ https://en.wikipedia.org/wiki/Investment_One Always remember to use the link on my signature to open account online for any of the products (funds) or contact me for more clarifications |
Re: Mutual Funds by hollerbaby: 8:56pm On Jan 20, 2020 |
In this hard interest rate times, little interest is better than losing all of ones capital due to wrong choice and greed . The funny part is that fraudulent people are ready to take advantage of this panic period to milk people dry of their hard earned investment savings. I agree, my risk appetite is small. Abo oro ............ 10 Likes |
Re: Mutual Funds by singletech(m): 11:25am On Jan 21, 2020 |
hollerbaby: 1 Like |
Re: Mutual Funds by singletech(m): 11:26am On Jan 21, 2020 |
Re: Mutual Funds by singletech(m): 11:27am On Jan 21, 2020 |
hollerbaby:, am believing MMF will bounce back by Mach or so |
Re: Mutual Funds by ernie4life(m): 11:32am On Jan 21, 2020 |
singletech: what are your reasons? 1 Like |
Re: Mutual Funds by emmasoft(m): 11:36am On Jan 21, 2020 |
singletech: MMF and other regulated investment windows follow economic realities and government policies of a country. Nothing just happens. 1 Like |
Re: Mutual Funds by emmanuelewumi(m): 11:38am On Jan 21, 2020 |
ernie4life: Hope and faith |
Re: Mutual Funds by Brooke60(f): 11:44am On Jan 21, 2020 |
emmasoft:Please can you tell me about this VGIF? I am new in this |
Re: Mutual Funds by emmasoft(m): 12:01pm On Jan 21, 2020 |
Brooke60: Actually if you scroll up on this page you see write up on VGIF and some useful links, You can PM me so that I will not keep repeating same thing on the general thread or check my signature for my contact. 1 Like |
Re: Mutual Funds by ernie4life(m): 12:14pm On Jan 21, 2020 |
emmanuelewumi: No correlation between Economics and morality/religion 1 Like |
Re: Mutual Funds by emmanuelewumi(m): 12:18pm On Jan 21, 2020 |
ernie4life: In Nigeria we marry them together. |
Re: Mutual Funds by Chidoo1234: 2:42pm On Jan 21, 2020 |
Apitch: Where then can someone invest and get reasonable interest. |
Re: Mutual Funds by Apitch(m): 3:49pm On Jan 21, 2020 |
Chidoo1234: No idea for now, apart from the real sector |
Re: Mutual Funds by emilyone(f): 4:50pm On Jan 21, 2020 |
Why is Mutual fund interest rate dropping day by day, I hope my fund is safe? I dont want stories that touch . |
Re: Mutual Funds by emmasoft(m): 6:02pm On Jan 21, 2020 |
emilyone: Your capital is safe! Depending on the type of mutual fund. Whatever affects the under laying assets affects the fund. The major asset for MMF is TBills and right now the TBills rates are down across all tenors hence the MMF rates are going down. If you look closely to equity base fund the reverse is the case because right now the NSE is bullish since the year began. |
Re: Mutual Funds by singletech(m): 6:53pm On Jan 21, 2020 |
emmasoft:So, what's the way forward? We should keep an eye on MMF for now or? |
Re: Mutual Funds by emmasoft(m): 7:08pm On Jan 21, 2020 |
singletech:Do what your risk level can accommodate 4 Likes |
Re: Mutual Funds by HumbleVictor(m): 11:48am On Jan 22, 2020 |
Dear Investor, your e-account number is 1345164651. Please proceed to make payment stating your e-account number as reference Regards. Please what do I do next?? |
Re: Mutual Funds by SirBen90: 12:11pm On Jan 22, 2020 |
Good day people. Gurus in the house, how advisable is it to invest in the Stanbic IBTC Bond Fund especially as regards capital preservation and steady (albeit small) interest rate? |
Re: Mutual Funds by emmasoft(m): 12:32pm On Jan 22, 2020 |
HumbleVictor: Transfer your money to the bank account details of the fund you are investing in following the instruction as shared by you. |
Re: Mutual Funds by emmasoft(m): 12:38pm On Jan 22, 2020 |
Some factors that determine where you put your money: Risk appetite: Most cases the higher the risk the higher the returns Investment objective: what you intend to achieve could be immediate or futuristic Experience and knowledge: in most cases determines your success or failure Age: Most cases it’s advised to do less risky investment when getting older and vice versa. Funds available for investment: This most times determine the type/form of investment you can do Investment duration: Most cases the longer the higher the profit Don’t forget there are always exceptions to the norms. Forms of investment: Real estates Stocks Mutual funds Treasury bills Bonds Commercial papers Bank deposits Business Training NB: The primary aim of investment is to make profit. However, some of the factors and types of investment as stated above now determines the level of your profit/returns In investment, beware of Greed and Fear. Fear will stop you from making the money you ought to make While greed will cause you to lose the money you already made. Remember to always check my signature for online account opening for any form of mutual funds, stocks etc with investment one. 8 Likes 1 Share |
Re: Mutual Funds by HumbleVictor(m): 2:34pm On Jan 22, 2020 |
emmasoft:Okay. thanks... Do you know the code to transfer to Stanbic Ibtc mutual funds? |
Re: Mutual Funds by Aicebaba: 3:02pm On Jan 22, 2020 |
HumbleVictor: Call Stambic IBTC Asset Management to obtain their MMF account, then proceed and make payment (for the planned investment amount) quoting the supplied e-account number as reference during the bank transfer. |
Re: Mutual Funds by faoogoke(m): 3:27pm On Jan 22, 2020 |
I don't understand what's up with United Capital PLC. I placed N1,000,000 in their bond fund just over a week ago. Each time I check not one kobo accrued as interest. Only for me to check this afternoon and almost N10,000 has been wiped from my account balance. I thought my capital should be preserved in a bond fund. I sent WhatsApp message to customer care. They read but are yet to respond. I have been calling Customer care but no one is picking my call. I also sent email, and I am still awaiting response. Can't one do business with these people and hold them to their word? |
Re: Mutual Funds by emmasoft(m): 3:48pm On Jan 22, 2020 |
HumbleVictor: Do direct bank transfer online or using your bank app to Name: First Trustees/SIBTC Money Market Fund Acct Number: 9202476223 Bank: Stanbic IBTC 2 Likes |
Re: Mutual Funds by olujaidi: 4:16pm On Jan 22, 2020 |
faoogoke: The net asset value of the bond fund fluctuates from day-to-day. It's traded and marked to market. I'm not sure it pays interest until perhaps mid-year or year-end. Or whether they do at all. You have to find out when they pay interest. On the flip-side, it can rise beyond the price at which you bought it It's unlike an MMF where the unit price is fixed at N100 and all the interest less fund expenses is paid out quarterly. 1 Like |
Re: Mutual Funds by faoogoke(m): 4:43pm On Jan 22, 2020 |
olujaidi: Thank you for the explanation. But are you saying that my capital is not preserved? Do you also suggest I pull my money to money market mutual fund |
Re: Mutual Funds by olujaidi: 5:47pm On Jan 22, 2020 |
faoogoke: No, capital isn't. You can have gains and losses if the value of the underlying bonds rises or falls. I'm not sure if their bond fund pays interest or adds the interest to your NAV. Please find out. I can't say which is better. If you can't stand a loss, maybe an MMF would be better. The low rates won't be here forever. Perhaps Mr emmanuelewumi and emmasoft can proffer advice on this. 1 Like |
Re: Mutual Funds by HumbleVictor(m): 6:02pm On Jan 22, 2020 |
emmasoft:Thanks bro |
Re: Mutual Funds by emmanuelewumi(m): 6:13pm On Jan 22, 2020 |
olujaidi: I will advise him to buy bonds of 3 to 5 years and hold this maturity. Interest rates will affect the prices of bonds. It is very rare for a bond bought in the primary market to lose price. 2 Likes |
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