onyechimereze1:
Hello people, i have some money in my mmf and i deposited money into my savings account in Stanbic Ibtc, now i want to add it to my MMF account. is there any way i can do this using the app or must i visit one of the branches..

You can transfer to mmf account number and upload or use ur credit/debit card to pay

onyechimereze1:
Hello people, i have some money in my mmf and i deposited money into my savings account in Stanbic Ibtc, now i want to add it to my MMF account. is there any way i can do this using the app or must i visit one of the branches..

Just go to the Funds on the side menu and then subscribe. Its straight forward and the money will reflect by the end of the day latest the next morning.

Hello my people. I did an online redemption on Stanbic MMF since on Tuesday's morning and my money is yet to drop in my bank account. Does it take long like this ?. My experience in the past has always been withing 24-48 hours.

tunde4top:
Hello my people. I did an online redemption on Stanbic MMF since on Tuesday's morning and my money is yet to drop in my bank account. Does it take long like this ?. My experience in the past has always been withing 24-48 hours.

On their redemption form, its states within 5 working days, so be patience a little as it's still within the time limit.

sammily:


On their redemption form, its states within 5 working days, so be patience a little as it's still within the time limit.

Ok. Thanks. I will wait and see.

Just hive them a call. Online redemption should be 48hrs max

Has anyone tried Renmoney investment here? whats your opinion about Renmoney??

suyamasta:
Has anyone tried Renmoney investment here? whats your opinion about Renmoney??

Haven't heard of anybody trying it here.. Only their marketers come here once in a while in different guise.

freeman67:


Haven't heard of anybody trying it here.. Only their marketers come here once in a while in different guise.

Ok

suyamasta:
Has anyone tried Renmoney investment here? whats your opinion about Renmoney??

Renmoney is a micro finance institution that gives out facilities/loan to small scale enterprises. They also collect funds/deposit.
The charge around 5% monthly on most of their loans.
That's the bit I know

ernie4life:


Renmoney is a micro finance institution that gives out facilities/loan to small scale enterprises. They also collect funds/deposit.
The charge around 5% monthly on most of their loans.
That's the bit I know

Ok thanks

I hear they offer more than what banks offer on fixed deposit for investments over 1m naira.

suyamasta:
Has anyone tried Renmoney investment here? whats your opinion about Renmoney??

michellez:
I hear they offer more than what banks offer on fixed deposit for investments over 1m naira.

Yea i saw a google ad by them promising about 18% and i wonder why it is not popular i am also checking to see reviews

Hello
So i am actually intrested in investing in equity for the long term and passively but am in quite a fix in choosing between mutual funds and exchange traded funds (ETF's)
So i would like to know from the gurus in the house which is preferable especially long term
Thanks

please help. I did a top up on my mmf with Stanbic ibtc.till date, it has not reflected while I have been debited

yak:
please help. I did a top up on my mmf with Stanbic ibtc.till date, it has not reflected while I have been debited

Which day was the transaction done?

I am seeing a lot of posts on this new investment one dollar fund...

Let me advise you based on experience. If you want to invest in a dollar fund aka Eurobond fund, DO NOT INVEST IN A NEW FUND! I REPEAT, DO NOT INVEST IN A NEW FUND!

The reason is this;

The fund is new, they have a lot of initial and regulatory fees that they are going to pay - this means that the rate you would get won't be as competitive as what's obtainable in the market. The fund won't even breakeven until about 6 months - 1 year - depending on the fund managers capability.

Based on your experience, which dollar fund do you recommend for a better rate?

hilaryxoxo:
I am seeing a lot of posts on this new investment one dollar fund...

Let me advise you based on experience. If you want to invest in a dollar fund aka Eurobond fund, DO NOT INVEST IN A NEW FUND! I REPEAT, DO NOT INVEST IN A NEW FUND!

The reason is this;

The fund is new, they have a lot of initial and regulatory fees that they are going to pay - this means that the rate you would get won't be as competitive as what's obtainable in the market. The fund won't even breakeven until about 6 months - 1 year - depending on the fund managers capability.

.

So guys, recently i stumbled across a gold mine... A fixed deposit that seems very competitive compared to most i've seen.
Almost thought it was a scam... But its d truth . For more details and interpretation of the rates (for rookies), you can reach me on 08052296606 - Samuel. Here's the rate guide for the Bank.

Ok
Let me post this here
Here is a quaterly statement i got from Ecobank mutual funds

Started in 2016,
Read about it in newspapers
Got more info on here

Im contemplating withdrawing my money
Or leaving it still

I no trust this country

IHelp:

Which day was the transaction done?

29th April

Please can you share the mode of application and return on investment. A look through their website is showing the page is unavailable

hilaryxoxo:


United Capital

m

yak:

29th April

If the payment has not yet reflected by now, you have to contact the customer care.

Buffalowings3:
ARM is very stupid
They are charging my calls without even talking to representatives
Very useless
Customer service zero

How will i subscribe
And you will be telling me to dowmload your app to know my statement
When infact im to begin loading all my details again

Im taking my money

The line is not toll free. Your network provider is charging you for the call.
You can drop your question here if it is not personal information while you try to reach them.

IHelp:


The line is not toll free. Your network provider is charging you for the call.
You can drop your question here if it is not personal information while you try to reach them.

Thank you jare
You know say this country
You can trust institutions
Everyone is trying to pull one on you

Im resolving it

hilaryxoxo:
I am seeing a lot of posts on this new investment one dollar fund...

Let me advise you based on experience. If you want to invest in a dollar fund aka Eurobond fund, DO NOT INVEST IN A NEW FUND! I REPEAT, DO NOT INVEST IN A NEW FUND!

The reason is this;

The fund is new, they have a lot of initial and regulatory fees that they are going to pay - this means that the rate you would get won't be as competitive as what's obtainable in the market. The fund won't even breakeven until about 6 months - 1 year - depending on the fund managers capability.

Yes the fund is new and will bear certain regulatory cost at the initial offer,
in fact its estimated at 1.78% of the offer size,
lets assume the funds performs a minimum of 6% in the first year,
if you take into account the initial regulatory fees that will be 6% - 1.78%= 4.22% that means the fund will surely break even


Also take into account the increase in demand for dollar denominated investments in Nigeria which is evident in way that FG euro bonds have seen an over subscription, there is a high tendency that this fund would be over subscribed which will reduce the effect of the initial regulatory fees.

ernie4life:



Yes the fund is new and will bear certain regulatory cost at the initial offer,
in fact its estimated at 1.78% of the offer size,
lets assume the funds performs a minimum of 6% in the first year,
if you take into account the initial regulatory fees that will be 6% - 1.78%= 4.22% that means the fund will surely break even


Also take into account the increase in demand for dollar denominated investments in Nigeria which is evident in way that FG euro bonds have seen an over subscription, there is a high tendency that this fund would be over subscribed which will reduce the effect of the initial regulatory fees.

I absolutely disagree!!! You cannot compare the demand of an FGN eurobond to that of a mutual fund eurobond - especially considering the fact that its from Investment One. If it was an investment house like stanbic, i can understand. but investment one Nah bro. I advice you not to enter now.

ukay2:


Am currently investing in two money investments ...money market fund and guaranteed investment fund......

...........for money market fund....minimum investment is 50k per each addition.
for guaranteed investment fund. ...minimum investment is 20k per each addition...

For the factsheet....Google their website and contact their customer care services. .for more information.

I'm contemplating switching from stanbic mmf to Guaranteed Investment Fund. What is the current interest rate for the guaranteed investment fund?

.