₦airaland Forum

Jerrygotswagg:
I’m trying to register Stanbic . It’s redirecting me to Blunest website. Is this bluenest a legitimate stanbic website. Should I input my Bvn and other information?

It's okay. Go ahead bluenest is upgraded platform of stanbic. I hope you are using the first link of my signature.

NL1960:
The branch staff will even start convincing you to open a Fixed Deposit instead.

You know them, they don't like investors one bit because most times investors' action reduce their inflow and their target is at stake.

Larash:
Please how many days those it takes to open Stanbic mmmf in bank not online , after giving them all documents they needed .

Going to the banking hall to open MMF account is not the best choice. They can take as long as they want. MMF is not first priority in the banking hall.

Banking and asset management are two different thing irrespective of the fact that both are in the same holding company.

Going to the banking hall doesn't have an advantage over those who decide to open account with the link.

The best is to deal with the asset management arm directly and that you can do by filling the online form.
When you use the online form, your account opens within 24hrs on a working day.

Click the first link on my signature to open an MMF account with Stanbic.

Bossgem:
I am new to investing and based on the information on this thread, I registered with Stanbic MMF. They sent me Blunest login details. I went through the Blunest portal on Friday 11. I sent 5k to the wallet account on the Blunest portal to test things out. The money was debited from my First bank account but never reflected in the Blunest wallet account. I have sent a complaint on the app and even on Twitter. The Stanbic support on Twitter asked me to wait 24 hours. It is now more than 24 hours, yet the Blunest account was never credited. Please, can someone advise?

@Bossgem, if you have read most of my posts on a similar case, you will understand that everything is in order. Just as advised by @Uberchic1, wait for the next business day, which is tomorrow, Monday. By the way it works, that payment you made on Friday afternoon is the same as if it were made on Monday morning. For most Fund managers, noon is the cut-off time, so any payment made after that time is regarded as the next business day payment. You will get value and interest from Monday.

Please let's note that MMF is not like cash in the bank, value is not instant. There is a need to get confirmation from the collection (custodian) bank.

Preator:
I heard stanbic has tier 1, tier 3 and premium accounts . Does anyone knws the features of each and how to knw which tier one is on

During registration for Stanbic MMF, you can pick tier 1 or tier 3 (Premium).

Tier 1 is limited such that you can't have more than 200k in that account, and you can't deposit more than 20k at a time. You need a minimal KYC to open this. Just your ID card.

Tier 3 or the premium, as some other fund managers use it, is unlimited, with no restrictions as per the balance and deposit amount. This account requires that you provide full KYC documents - passport photo, ID card, and proof of address.

It's always better to pick Tier 3 and provide all required KYC documents so that there be no restrictions placed on your account.

Tier 1 is usually for the very low-income bracket, students, etc. It's to encourage investment or financial inclusion.

Maya30:
What if I want to use Norrenberger "Emma," can you help me?

Yes, I will be available to help. I replied your mail already. You can chat me up.

Meanwhile, the account opening form for Norrenberger MMF is attached here.

Tickles001:
Good morning,
I'm having serious problems uploading my documents.
It keeps returning error message and won't upload my pictures.
Does this normally happen and do you know how I can get to upload my documents?

Reduce the size of the documents you are attaching, and make sure your network is good enough so that it will go seamlessly.

Tickles001:
Alright. Thanks
Though I've been on that site all morning, just wanted to make sure I'm on the right track before filling my information

You are in the right place. Go ahead and complete the form. Once done today, by tomorrow, you will get your e-account number

If you get the account details early enough, you can start investing immediately so that you have value for your deposit the same tomorrow and earn the interest, including the interest for the weekend, but if you get the details in the afternoon, you can wait to start investing on Monday
because deposits made on Friday afternoon and Monday morning have value and earn interest on Monday.

Tickles001:
Finally decided to give low risk investment a try.
I'm considering opening an account with stanbic mmf and fbn quest.
I need someone experienced to point me to the first step. Maybe a link or something that

@Tickles001, to open an account with Stanbic, click the first link in my signature, scroll to money market fund, and click Buy now then complete the form.

You can call/chat with me using the phone number in my signature

pluto09:
I don't think it is totally out of place to consider the registrar of the company one wants to invest in.
Some registrars are just terrible.

You will be putting yourself at a disadvantage because the companies go with the registrars of their choice.
Imagine a stock like Nahco, Presco, Ucap, GTB etc, and you consider their registrars to be "bad" will you forgo investing in them because of their registrars? When it comes to registrars, you just have to manage them and find a way to get what you want from them; some of them are the product of a failed system. If the regulation is strong and well-positioned, they will not misbehave.

yesloaded:
You are right but it's good to own a savings account with STANBIC IBTC while running MMF

@bassdow is correct. There is no advantage to an investor who has a Stanbic bank account over others who don't operate a bank account with Stanbic. You can run MMF successfully with any bank account.
Don't forget the collection account is not even Stanbic. It's UBA.

BIZNess123:
Which Registrar is the best and why

Pls I need answers

considering buying stocks with companies whose Registrar are great.

Registrars should be the least considered when investing in stocks.

Invest in good quality stocks that give returns on your investment and bother less about
the registrars.

Thomaths:
Please what does the expense ratio and management fee % mean and how is it been applied?

Expense ratio is total annual expenses of the fund express as percentage of the average value of asset managed over the period.

Management fee is part of the expense ratio.
Some of the fees that made up the total fees are
Regulators fees, management fees, trustees and Custodian fees etc.
Only management fees goes to the fund managers.

froshroy:
I opened an mmf account with stanbic last weekend using your link. How long does it take stanbic for account upgrade verification? I’m still on basic (tier 1)

If you are on tier 1 it means your account has been opened and active, to upgrade to tier 3 do well to submit all your kyc documents and wait. Within 5 working days your account will be upgraded. However, even with tier 1 you can invest 200k Maximum with 20k max per deposit.

It's normally the tier you pick and the kyc documents you provided while registering that determines the type of account you get.

Nataba:
Good morning everyone.

Please, I'd like to open a separate account for long time investment.

Which of the brokerage firms would you recommend?

NB: my current broker is Morg.Cap

Thanks in anticipation

Come over to Investment One stockbrokers you will be fine. Click the third link in my signature to open an account for free.

Preator:
Good morning. I noticed a redemption limit of 5m and a bit confused. Does this mean i can only withdraw 5m at a time irrespective of my balance? There is also a minimum redemption limit. What if my account doesnt have up to that? Does this apply per instrument/asset class or the entire portfolio?

I want to assume you mean for stanbic mmf

On the app redemption limit is 1m
On web portal 5m
Above 5m use the redemption form, this has no limit

adedapodvirus001:
Good afternoon everyone one.

Please is there anyone here that uses axa mansard for money market fund investment?

I tried to liquidate part of my investment today but I keep getting error messages like this " an error has occurred during liquidation process, please try again ". I have sent message to the customer support early this morning and I'm yet to get a response.

That could be network issues/system glitch; don't try to do it repeatedly, give it some time, If after that you still have difficulty in withdrawal, contact customer care.

Rosebloom:
I noticed a substantial reduction in my balance from 31st March
What could be the cause

I made no withdrawals

In short practically my whole interest accrued for the month of March is no longer there

The experience you are having is because you opted for your accrued interest to be paid to your bank account.

The reduction is not just accrued interest in March, its for January to March. Watch out you will receive a credit alert of that same amount deducted into your registered bank account.

Those who opted for reinvestment of interest have since have their accrued interest reinvested on the 31st of March.

If you wish to change your option, send a mail to customer care that going forward you wish your accrued interest to be reinvested. It will be effected.

This is applicable to all fund managers. However, Stanbic does reinvestment of interest monthly while others quarterly but all managers pay interest quarterly stanbic inclusive.

kemshade:
Good morning, can I use my nin to update my profile? On stanbic mmf

Of course. Stanbic accepts NIN slip as means of identification and as proof of address.

In that case, the address on the NIN is what you should write as your address on the form even if your current address is different.

Godwinosas5:
Hello everyone,
Does anyone here invest with FBN quest. I noticed we weren’t paid interest for Monday and Tuesday- public holidays.

All the fund managers have been working on the usual end of quarter things - interest payment/reinvestment and revaluation of assets plus the holidays which slow down the process.

Most of them are through and some likely by Monday. Once done every process will run normal again. Just be patient, it's not only FBNQuest.

https://doclib.ngxgroup.com/Financial_NewsDocs/43707_TOTALENERGIES_MARKETING_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2025.pdf

Totalenergies dividend N40

heavenisreal18:
Pls help me on how to get my late dad dividends since SEC declared all diviends to be paid the registrar's have been asking us to bring evidence, a lawyer letter, administration letter .

That is the process to follow. For anyone who passes without a written WILL, you will need a letter of administration to claim anything that belongs to the deceased.

Darkseid:
Same here oo, mine is since 31st. I've sent them an email but no response yet.

If you deposited in the afternoon of 28th March, 2025 or later, just be patient, the holiday plus end-of-quarter activities will delay some processes. But be assured, all deposits will reflect, and the arrears of accrued interest will be posted accordingly. This is what occurs with all the fund managers, with little differences in implementation time and methods.

However, all these are supposed to be concluded by tomorrow, except if the rules as per deposits were not adhered to by investors in that case, send mail and follow up with a call to customer care for quick resolution of any issue.

owenabuka:
Please
How can I reach Stanbic mmf customer support

I have an additional subscription that has refused to reflect since on the 30th of march

If you made transfer with your e-account on that date after noon it suppose to reflect yesterday.
I hope it's not with Opay and not also with your ATM card.

You can reach them via mutualfunds@stanbicibtc.com

bharkarh:
are you sure about this Sir?

It doesn’t look like for me

Check your transaction list. At the end of each month, there is always a subscription transaction equal to the accrued interest for that month.

Other Fund Managers do theirs at the end of the quarter.

Rhyah:
Need clarity on this:

When they say penalty for early withdrawal is 20 % in income earned for withdrawals under 30 days... I understand it to mean that the full principal amount is not touched....that the fee is deducted from the accrued interest for that period only...

Say if principal is 600k and has accrued say 8k in interest, the fee becomes 20% of 8k but I'd get my 600k in full.

Is my thinking correct?

Is there anyone that has experienced something otherwise?
What %age does your fund manager charge for early withdrawal?

Someone has to be very careful coz na when e happen...them go bring clauses wey your eyes no even see before

I second @Freeman67's yes. This is how all MMFs operate, irrespective of the Fund manager. It's one of the reasons they say capital is guaranteed in MMF investment.

For all MMF subscribers,
Calm down, everything will get clearer between now and Wednesday after the holidays.
Interest is earned everyday weekends and public holidays inclusive,
If you opted for reinvestment the effective date for reinvestment is today even if it's not posted today.
While those that oped for interest payment to their bank account will get paid between now and 7th April latest.

The interest earned for 1and 2nd will reflect/posted in your interest accrued account by 3rd April.
That is how all MMF works irrespective of the fund manager.

yungmin:
Do they have a app like FBNquest?

Yes, both the app and the Web portal are available.

You can find the account opening form for both MMF and dollar fund attached, or get in touch to sign up for VIP service. My phone number is on my signature.

jeffdaniel:
Hi guys, I invested in the money market yesterday, and there's no updates on the platform yet, only shows my initial capital. does the accrued interest also apply on weekends or just working days?

If the deposit was made before noon, don't worry the accrued interests from yesterday to 31st March will be paid to your bank account or reinvested depending on your choice during registration.

Note that any balance in your MMF account earns interest everyday including weekends and public holidays.

Preator:
Please which fund manager is it better to invest with in USD? And for someone that does not have immediate usd expenses in the next three years, is it better to convert the funds to naira and invest? What is the outlook for naira over the next couple of years.

I have a stanbic naira account already

Invest in Norrenberger dollar fund at 10%+ if you don't have need of naira. Even if you do you can always redeem your dollar when you need it.

Get in touch with my number on my signature.

yungmin:
Please, anyone knows about GTfundmamagers? Does GTbank have a MMF? Please, confirm

The fund management business of Investment One was sold to GTCO about 3 years ago, which is what birthed GTfundmanagers.
Hence GTfundmanagers is the asset management arm of GTCO.

In my candid opinion, I think they don't seem to get the business right. I hope they learn fast and know that fund management is different from banking. Please note that it doesn't mean your money is not safe with them if you decide to go with them. All parties to the fund are intact.

Care4:
Those guys numbers scare me.

You don't need to be scared? They are SEC/Govt regulated with all the parties to the fund available, and that is all that matters.