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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 sammily(m): 8:24am On Nov 10, 2014 |
Morning house, I'm considering going for First Capital Money Market fund because I already have an account with FBN but I will like to know how secured it is, how great the risk involved is especially the principal. |
Re: Mutual Funds by carpenter(m): 11:54am On Nov 10, 2014 |
sammily: Read from page 1-4...yours answers are there or http://www.fbncapital.com. There are others and transfering money across banks doesn't cost much these days...so pick the one that suits your belle. cheers 3 Likes |
Re: Mutual Funds by sentoms: 6:57am On Nov 11, 2014 |
ernie4life:the standing order or direct debit add up with you balance. interest is added daily. so if you have #50k january , and you add 25k on feb 4, you statement will read 75k on feb 5 and accumunated interest for that period. so interest from feb 5 will now be base on 75k. you can access it anytime. 2 Likes |
Re: Mutual Funds by ernie4life(m): 7:03am On Nov 11, 2014 |
sentoms: thanks, it's a good deal |
Re: Mutual Funds by carpenter(m): 3:06pm On Nov 11, 2014 |
So I did a little digging on FBN Capital site today with the aim of rebalancing my investments. For over 2 years I have only been investing in their Money Market Fund (MMF) but they have two other mutual funds (although not rated by a rating agency and of higher risks; higher risks also means more profit). They are Heritage Fund and Fixed Income Fund ... http://www.fbncapital.com/asset-management/our-products/mutual-funds The funds differ slightly depending on risks, profits, holding period and so on. People that do not want to invest directly in the stock market might find them interesting. I would be leaving 60% of my money in MMF while 40% will be distributed between the other two. 3 Likes 1 Share |
Re: Mutual Funds by sammily(m): 2:05pm On Nov 13, 2014 |
carpenter: Thanks my very oga @ d top. I've gone through the pages and also the link above and all seems good and jolly but I just want to hear from someone who is investing there if its worth it and from your next post, they seems alright I guess? I know all investments have one form of risk or the other, I'm just looking for a low risk investment while I safe up for my intended project. |
Re: Mutual Funds by ernie4life(m): 2:25pm On Nov 13, 2014 |
sammily: it's very low risk investments and very safe. kakawa discount house has been acquired by FBH that means the company has a good record, you have nothing to fear 1 Like |
Re: Mutual Funds by princeuk21(m): 2:39pm On Nov 13, 2014 |
i went to first bank today and to my own understanding its a good investment with low risk |
Re: Mutual Funds by bookiee(f): 3:43pm On Nov 13, 2014 |
am on the http://www.fbncapital.com/home page and i cant find anything helpful |
Re: Mutual Funds by ernie4life(m): 4:32pm On Nov 13, 2014 |
bookiee: click the link that carpenter provided above |
Re: Mutual Funds by sentoms: 9:18pm On Nov 16, 2014 |
For a low risk investment and saving towards a project, I will advice you go for ARM Money Market. you can also set up direct debit ( standing order) a way to be dedicated to saving monthly. |
Re: Mutual Funds by sentoms: 9:26pm On Nov 16, 2014 |
Kakawa was owned by group of banks like 5 or so. becos of Cbn order on ownership structure of non banking etc. kakawa asset mgt was sold to investment one while kakawa discount was sold to Fbn holdings 1 Like |
Re: Mutual Funds by kajoula(m): 12:37am On Nov 21, 2014 |
sorry to bother you pls.... how does KGIF works? will a certain amount be deducted from my account on a monthly basis for investment ? Need to invest paticular amount of cash on a monthly basis for about 6months. |
Re: Mutual Funds by ernie4life(m): 4:33am On Nov 21, 2014 |
kajoula: take your time and read the whole thread and you will be well enlightened |
Re: Mutual Funds by scaranek: 7:49pm On Nov 25, 2014 |
carpenter: Hey carpenter, Is the capital guaranteed in all these funds? ......and from your experience what are the fees like? can I also monitor performance online? |
Re: Mutual Funds by ernie4life(m): 7:17am On Nov 26, 2014 |
Highlights of the MPC meeting: § The Monetary Policy Committee voted to increase the Monetary Policy Rate by 100bps from 12% to 13%. § The committee voted to maintain the ±200bps symmetric window on the policy rate. § The committee voted to increase CRR on private sector deposits by 500bps from 15% to 20%. § CRR on public sector deposits was retained at 75%. § The committee voted to move the midpoint of the exchange rate from N155 to N168 (8.4% devaluation) § The committee voted to widen the band around the midpoint from ±3% to ±5%. § Voted to retain Net open position at 1%. the implications of this is that kgif interest has just increased from 12% to 13% flat |
Re: Mutual Funds by confluence: 10:30am On Nov 26, 2014 |
@ ernie4life, What is the implatication of those who already sign up for kgif for one year @ 12%, will the value of the remaining 6months be calculated on 13% or what, just asking 3 Likes |
Re: Mutual Funds by ernie4life(m): 11:51am On Nov 26, 2014 |
confluence: when the interest rate is implicated it will take effect from next year, that means ur investment will still run at 12% till next year |
Re: Mutual Funds by confluence: 12:16pm On Nov 26, 2014 |
@eanie4life, thanks what am trying to say is this, i was told we could earn more if the MPR CHANGES FROM 12% UPWARDS , WE COULD SHARE 35% OF EXCESS ABOVE 12 % FUND ACCRUE, DOES THAT STILL HOLD? |
Re: Mutual Funds by ernie4life(m): 5:59pm On Nov 26, 2014 |
confluence: the clause of you earning 35% is when the funds performs exceedingly well, but that's not the case here, the case here is that MPC just increased the rate, |
Re: Mutual Funds by carpenter(m): 1:25pm On Nov 27, 2014 |
scaranek: Capital is not guaranteed and you can monitor online. The rates are exclusive of fees so you do not need to bother about their fees. However, you can visit http://www.fbncapital.com/asset-management/our-products/mutual-funds for further reading |
Re: Mutual Funds by scaranek: 5:09pm On Nov 27, 2014 |
Is anybody in the house subscribed to FBN Heritage fund? I need to know how often they paid dividend and when they paid last. |
Re: Mutual Funds by toxiflam: 5:30pm On Nov 27, 2014 |
@ ernie4life Which bank will be most suitable to operate a kg if i.e in cases of fund withdrawal and standing order |
Re: Mutual Funds by princeuk21(m): 6:39pm On Nov 27, 2014 |
toxiflam:you can use first bank. |
Re: Mutual Funds by toxiflam: 6:43pm On Nov 27, 2014 |
princeuk21:Thanks, out of curiosity, do u also operate a kgif 1 Like |
Re: Mutual Funds by ernie4life(m): 6:49pm On Nov 27, 2014 |
toxiflam: any bank is Ok, because the pay through funds transfer, |
Re: Mutual Funds by MOBBDEEP: 8:33am On Nov 30, 2014 |
Good morning & wishing you the very best of the weekend. How can I locate in Uyo (Akwa-Ibom) or Calabar (Cross-Rivers) the branch offices of : *ARMS *KGIF *FBN Capital/Money Market. *Stanbic IBTC Mutual Funds Then, I noticed no one talked about Union Bank! Is it that they don't operate Mutual Fund service? |
Re: Mutual Funds by princeuk21(m): 6:24pm On Nov 30, 2014 |
toxiflam:yes from kakawa |
Re: Mutual Funds by carpenter(m): 4:30pm On Dec 12, 2014 |
carpenter: Glad I said it the way I saw it...would have felt bad if this lady had converted her money and then CBN devalued naira...she just gained over 7% against the naira. 2 Likes |
Re: Mutual Funds by ednut1(m): 8:57am On Dec 20, 2014 |
Stanbic ibtc asset management mutual funds are the largest in Nigeria and staffed by experienced professionals. Will be back with more information. 1 Like 1 Share |
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