₦airaland Forum

For those waiting for UPDCREIT Dividend read this:

Good afternoon sir,

Kindly note that the company has shifted the 14/9/2022 payment.

The new date shall be communicated to you as soon as we are notified .

Best Regards.

A reply I got today to the email I sent to First registrars asking them why the delay in dividend payment.

Reduce the loss in the value of your money

Inflation is high you can't afford to leave your cash in the bank. You will lose more.

Get value today by investing in the coral money market fund CMMF managed by FSDH Asset Management.
You get above 11% interest on your investment without deduction of WHT.
Get in touch to start investing.

Reduce the loss in the value of your money

Inflation is high you can't afford to leave your cash in the bank. You will lose more.

Get value today by investing in the coral money market fund CMMF managed by FSDH Asset Management.
You get above 11% interest on your investment without deduction of WHT.
Get in touch to start investing.

joboy834:
Please is WHT deducted on FI mutual funds because FBN FI is above 11%.

Thanks

Please note FBN FI is not a MMF, the underlying assets and method of reward differ with the fact that the risk level is moderate as compared to MMF which is a low risk so they are not to be compared. However, there is no deduction of WHT and it's general to mutual funds.

seyisanya:
I think he meant after deductions. AxaMansard is the only fund manager that's transparent about this. They always state both the gross rate and the net rate on their website.

Please note that the stated rate for CMMF from FSDH is the net.

ggoldmine:
Thank you. But this didn't reflect on my stock. I only received the money.

The date to credit bonus shares is not normally stated. Once it has been approved and you qualified then just keep checking with your broker it will be credited by the registrar through cscs and your broker then an advice to that effect will be sent from the registrar to your mailbox.

emmanuelewumi:
The upward money of MMF rates is not too good for the stock market

True. The two always on inverse relationship except in cases the economy is doing well and more foreign inflow find their way in.

emmanuelewumi:
Yes.


FBN Quest Money Market Fund is 10.18%, Abacus Money Market is 10.4%, United Capital Money Market Fund is over 11%

Thank you my oga for throwing more light. Some folks seems to be surprise on the upward movement of mmf rates.
Watch out for more rally in rate all things being equal.

emmanuelewumi:
You don't pay tax on Money Market Fund dividends

Exactly, apart from better rate a no WHT on dividend is one of the advantages of mmf over fixed deposit and some other investment windows.

Remember CMMF

As your interim dividends continue to hit your bank account, enjoy yourself, but please don't forget to drop at least 5,000
into the coral money market fund managed by FSDH to gain another interest of 11.04% on your investment
By the end of September and December respectively, you will have more money for your enjoyment.

Get in touch with me to get started.

Remember CMMF

As your interim dividends continue to hit your bank account, enjoy yourself, but please don't forget to drop at least 5,000
into the coral money market fund managed by FSDH to gain another interest of 11.04% on your investment
By the end of September and December respectively, you will have more money for your enjoyment.

Get in touch with me to get started.

Mpeace:
Uba dont want to improve on their dividend. Fidelity will soon over take them

Such overtake is good for investors. If they overtake, UBA most likely go shake body and ie more money for investors. It's a win-win case for dividend-loving investors .

https://doclib.ngxgroup.com/Financial_NewsDocs/36733_UNITED_BANK_FOR_AFRICA_PLC%20CORPORATE_ACTION_ANNOUNCEME.pdf

Dividend for today

If you have shares in Flourmills expect a credit alert of your dividend today!

mariahAngel:
How profitable has this thread been to anyone here? Please, I want to know.
Thanks.

The profit/usefulness of the thread cannot be overemphasized. The taste of the pudding is in the eating. Go through and you will testify.

Call the thread:
Biz school,
Biz master class
Practical Investment school
Investment information hub
Due diligence confirmation arena
Biz and investment analysis hub
Ponzi scheme detector forum
Mentor/mentee hookup place
etc
the list is unending
add yours as you go through

NL1960:
What has been your experience?. Iam considering starting off with funds in my son's savings account as a test.

Please let me know when you are ready to come onboard that will help my ministry as per inflow.

emmanuelewumi:
I am of the first set of investors of the fund, it used to be called FSDH Treasury Bill Fund

Very correct my oga. Up till now even with a change of name to coral mmf, investors' ID still carries TBF which stands for treasury bill fund.

2zona:
Good evening guys, please can some one explain this to me. I carelessly and hopelessly entered a sell order for my Transccorp share @ price of 1.11 and went for my business, only to log in later this afternoon and discovered it was cleared at price of 1.13. I was surprised. Is it an error or actually possible in NSE.

please note: A buy order with a limit price actually means buy at any price lower or equal to the limit price

while a sale order with a limit price means selling at a price higher or equal to the limit price.

Order without a price limit buys or sells at any price that gives a deal at the shortest possible time.

NL1960:
So no real guaranteed rate meaning rate can get as low as possible and can go as high as possible.

What is the frequency of change of this rate or at what frequency is it reviewed?. For instance, the current rate is 10.31% P.A which means accruals will now be done with that rate. Is the rate revalued on a daily, monthly or quarterly or yearly basis?.

Rates are guaranteed but not fixed. What that means is that you can never lose money in MMF. Please note underlying assets in MMF are not volatile hence it's low risk.

The rate is always per annum but prorated/ valued daily with the formula as stated above and your investment gets the interest of that day base on the current rate.
Generally, for all MMF when there is an increase in the rate in the monetary policy, Tbills rates in all tenors will be high and basically, all money market instruments will have higher rates than before in effect increasing the rate of MMF.
As early mentioned it's not volatile like stocks even if the rate is not fixed. For any conservative/high-risk adverse investor, MMF is the best bet.

NL1960:
(1) How is this rate determined on a daily basis

(2) Is interest accrual daily and if so what rate is used

(3) What do you mean by "Monthly payment of interest" and "Quarterly interest payment"?. Is it that somebody has to choose one of the options?.

1. Performance of the assets in which d fund is invested determines the rate

2. Yes interest is accrued daily. The displayed interest ie 10.31% is per annum so for a day it will be 10.31/365

3. By default interest accrued will be reinvested at the end of each quarter. Investors can now opt for the accrued interest to be paid to them every month or paid at the end of the quarter. The monthly payment option is unique to FSDH generally accrued interest is paid/reinvested quarterly

NL1960:
Post the characteristic of Coral money market fund as iam not comfortable with mutual funds that invest a large percentage in stocks. When i had not yet be grounded in financial markets, a mutual fund i subscribed to for my kids almost wiped out the money. I had to quickly pull out and then made it up the shortfall with my own funds.

By the name and regulatory rules, Coral money market funds can never be invested in stocks. the underlying assets are basically Tbills, and commercial papers. If mutual fund assets have stocks as part of it, it's no longer a money market fund instead it's a balanced fund.
That is why MMF is a low-risk investment window.

Features:

Underlying Assets: Treasury bills, commercial paper

Rate as at today 10.31%

Minimum investment of N5, 000.00 and subsequent investment of N5, 000.00

Invests 100% in fixed income securities and money market instruments

Fund Manager: FSDH Asset Management Ltd
Lower risk
Custodian: UBA
Trustees: UTL TRUSTEES
Regulator: SEC

Reinvestment, quarterly payment or Monthly withdrawal of interest allowed

High interest rate double digit
- Monthly payment of interest
- Quarterly interest payment
- Compounding of interest
- Easy entry and exit
- Top up of funds at anytime with ease
- No WHT on interest
- For Long or short term and can be invested for minors as well
- Safe and guaranteed capital
- Superlative customer service then come over and invest in

NL1960:
E be like this VGIF no dey pay again o. I might have to start looking at alternatives.

As per current rate, Coral money market fund managed by FSDH is a very good alternative.
Let me know when you are ready to come onboard

NL1960:
What is VGIF now?.

VGIF Guaranteed base on current value of sdf is 6%

NL1960:
Which of them?.

Abacus

while coral is 10.26%

A GOOD ALTERNATIVE
Scared of the stock market?
Find a good alternative in coral money market fund instead of leaving your money idle in the bank. The rate is looking up 10.26% as at today.
Contact me with the details on my signature

ZikkyChops:
Zenith

https://doclib.ngxgroup.com/Financial_NewsDocs/36693_ZENITH_BANK_PLC%20ZENITH_BANK_PLC_%20_CORPORATE_ACTIONS_AN.pdf

MAKE THE RIGHT MOVE NOW

If you are looking for the following:

- High interest rate double digit
- Monthly payment of interest
- Quarterly interest payment
- Compounding of interest
- Easy entry and exit
- Top up of funds at anytime with ease
- No WHT on interest
- Interested in Long or short term for your
investment
- Safe and guaranteed capital
- Superlative customer service  then come over and invest in 
CORAL MONEY MARKET FUND
managed by FSDH Asset management
You will never regret your decision.

Contact me with the number on my signature to open account for free.

MAKE THE RIGHT MOVE NOW

If you are looking for the following:

- High interest rate double digit
- Monthly payment of interest
- Quarterly interest payment
- Compounding of interest
- Easy entry and exit
- Top up of funds at anytime with ease
- No WHT on interest
- Interested in Long or short term for your
investment
- Safe and guaranteed capital
- Superlative customer service  then come over and invest in 
CORAL MONEY MARKET FUND
managed by FSDH Asset management
You will never regret your decision.

Contact me with the number on my signature to open account for free.

MAKE THE RIGHT MOVE NOW

If you are looking for the following:

- High interest rate double digit
- Monthly payment of interest
- Quarterly interest payment
- Compounding of interest
- Easy entry and exit
- Top up of funds at anytime with ease
- No WHT on interest
- Interested in Long or short term for your
investment
- Safe and guaranteed capital
- Superlative customer service  then come over and invest in 
CORAL MONEY MARKET FUND
managed by FSDH Asset management
You will never regret your decision.

Contact me with the number on my signature to open account for free.

bennyflipy:
Please is it advisable to sell my MTN shares I bought last December, the price as been falling like wetin I no know

Why did you invest in the first place? If you answer that question objectively you will be well guided.

MTN is doing well price falling is general market mode- bearish, not because of bad results or bad management or inability to reward shareholders.

If you invested for the long term please look away from falling price and focus on the fundamentals.
You have cash buy more as the price dip more, remember one of the products of MTN is data... DATA IS LIFE! is a slogan

Jerry59:
Do they have an app?

Cos I prefer using an app to access most of this stuff. Since the acquisition of Investmentone by gtfunds I hardly pay attention to my investment there

Actually, FSDH has before now focused on institutions and HNI but with retail drive, App is a work in progress.

You can actually login to your account online it's seamless

pat077:
pls, do u know the rate for fixed deposits

The rate depends on the bank and the amount involved.

Take advantage of the coral money market fund managed by FSDH for better rates. 10.11% as of two days ago and no WHT all interest is yours on like fixed deposit.

It's also flexible you can terminate after 30 days without any penalty, you can hold it as long as you wish and can top up any anytime with as low as 5,000

Talk to me with the number on my signature for more.