₦airaland Forum

emmanuelewumi:
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.

In addition to @emmanuelewumi if you think 3 to 5years looks far too long, you can also look at d way of VGIF manage by investment one going by the nature and operations of fund it fits well to your risk appetite. The capital is guaranteed with a 8.5% rate bench marked with SDF rate that is also guaranteed + 35% of the funds net profit which varies base on profit By picking the option to reinvest you will achieve your goal. You can also cash out anytime after the first 6 months or hold as long as you wish. In summary I advice go for Bond long term or VGIF medium with reinvest option.

HumbleVictor:
Okay. thanks... Do you know the code to transfer to Stanbic Ibtc mutual funds?

Do direct bank transfer online or using your bank app to
Name: First Trustees/SIBTC Money Market Fund
Acct Number: 9202476223
Bank: Stanbic IBTC

Frank0001:
Please can you shed more light about this Stanbic and investment One Money Market Funds if one intends to go in with ₦1M?

See my signature for anything as per Investment One

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.

HumbleVictor:
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??

Transfer your money to the bank account details of the fund you are investing in following the instruction as shared by you.

singletech:
So, what's the way forward? We should keep an eye on MMF for now or?

Do what your risk level can accommodate

emilyone:
Why is Mutual fund interest rate dropping day by day, I hope my fund is safe? I dont want stories that touch .

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.

Brooke60:
Please can you tell me about this VGIF? I am new in this

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.

singletech:
, am believing MMF will bounce back by Mach or so

MMF and other regulated investment windows follow economic realities and government policies of a country. Nothing just happens.

Diyke4rich:
Good morning everyone in the house, I called firstbank yesterday the person who spoke to me said firstbank is no longer selling shares how true it's.

If you are interested in buying shares I advice you. Read! Read! Read! and Read again before you venture into it. Take advantage of threads like this and other sites that talks about investment you will be fine. For your information shares of all listed companies banks inclusive can be bought and sold (traded) everyday at the floor of the NSE except weekends and public holidays.

bikerboy1:
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?

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

ainadamilola:
Please, I am new here and I just wanted to ask if d interest paid this morning on Stanbic mmf is for Saturday and Sunday or only Sarturday, please anyone?

For Saturday and Sunday

bikerboy1:
This 11.43% is it still obtainable?

What's the current rate of VGIF?
Any platform where one can look up their daily interest rates?

VGIF still the same 11.43 while AMMF 8.3. You can check on your account online as a client

ethan101:
for the past 1 week now , i applied for treasury bills at Zenith bank, up till today my account have not been debited or approved, am confuse, am looking for other investment channels to start with at least 1million naira, that i can invest for 6months or a year with good returns

Check out VGIF managed by investment one (former GTBank Asset management). See my signature for my contact and link for account opening online. Interest are paid twice in a year with principal guaranteed. You can also check the mutual funds thread to see more of my posts on VGIF

DBestDoc:
I would like to send you a PM if you don't mind.

I need your help with account opening with investment one.

Pls go ahead. my number is also on my signature

singletech:
OK, I thought I can be withdrawing my money every one month or two, that's how I do with MMF with stanbic

You can do that after the first 6 months

singletech:
for this VGIF, what is the withdrawal like or limit or time?

Are there any penalty for redemption?
No additional charges will be incurred on redemption, only units redeemed before the maturity tenor of 6months will attract 10% of the interest accrued on the investment.

https://www.investment-one.com/funds-management/vgif-faq/

Magnetron:
Is VGIF a bond fund? I will to know the asset classes the fund invests in. Thanks.

Fund Category: Fixed Income
Asset Classes: Money Market, Fixed Income and Equities. You can check my earlier post to see more facts on VGIF

[quote author=grosy post=85885434]Pls if I invest 1 million what is my interest for one yr pls [/quote

As at the current rate, for AMMF it's N80,600 it could be more if you reinvest the quarterly interest
For VGIF N114,300 + Investors may also earn an additional yield equal to 35% of the net income of the Fund.
From experience since 2014 the investor always earns more

To open any of AMMF/VGIF or both at the same time, click on the link on my signature, pm me or call. You need to upload on the last page of the form the following:
1.passport,
2. any of national id, permanent voters card, Int'l passport, drivers license, NIN slip
3. utility bill - NEPA bill or payment slip of pre-paid meter, signed bank account statement
4. your signature signed on a plain sheet.
When you submit, an email to acknowledge receipt of your form will be sent to you. Thereafter, you get your account details and the fund manager's account you are to deposit your fund into. If there is no kyc issues within 24hrs you get your account details. You can then download the app and set it up on your phone with your account details.
NB: You don't need money to open any of the fund account.

To help my ministry as a sales person please always use the link on my signature when opening any of the accounts. That is how I can meet up target. Thank you.

ernie4life:
What is the current Sdf rate?

8.5%.

reservd:
What's the VGIF about

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.
https://www.investment-one.com/funds-management/vgif-faq/
Check my signature for my phone number

singletech:
Who is doing investment one here? I need testimonials, I want to change from stanbic ibtc, which bank is investment one attached to?

Investment one is former GTBank Asset Management

You can still get rate at 8.06% for Abacus money market fund- AMMF and 11.43% for Vantage Guaranteed income fund - VGIF both funds managed by Investment One. Check my signature for the link to open account online and my phone number.

Kereokwu:
Good day narialanders,
I went to FBNquets office in Maitama since Monday morning to fill out the necessary form for MMF, till date now response. I called the rep that attended to me, she promised that at the end of today 15/01/2020 it will be processed and it has not be processed.
My questions is can I move to stanbic or even something else?
Also with these NEWLY advertised fg bond, what is the lowest amount and can I get it in commercial bank, if no where can I get it?

IyawoTobe warned me oooo, though it can late.

If you don't mind, you can open account online with investment one. Check my signature for the link and phone contact.

ofime123:
good evening sir/ma I just stumble on this thread today and I like what am reading here can anyone please put me through any investment i have about 600k sitting in my bank account since last June. please how wisely can I invest the money pls. am a novice is bond and treasury Bill's.

Abacus money market fund AMMF or Vantage Gurranteed income fund VGIF managed by investment one is good for you. Check my signature to get d link to open account online

faoogoke:
Your submission is rather strange. How could they make mistake with regards payment of interest. I thought the whole process is automated. If it is automated then its garbage in garbage out. These applications don't make mistake. I stand to be corrected though and of course this is Nigeria.

Sir, it's not strange it happens once in a while even in an automated system. Mind you all systems has human input but the good apart about automation is that human errors can be detected and corrected which is what just occurred with FBNQuest. That not withstanding I am not excusing their lapses. Just speaking generally.

Gforce2015:
I don check your signature. Nah stock exchange dey there. I guess you are a broker.
Anyway, this is a free world. But I don't have free money to gamble. I have lost a lot of money in stock exchange and I can afford to lose again. Once bitten ,twice shy..
Tell me sth else.

I don't think so Sir. My signature is an account opening form for all investment products from investment one. Both mutual funds and stocks. my phone number is also there you can send a chat. The VGIF apart form the MMF is one of the products it's not stocks.

This is 2020. Help a brother to meet target. Check my signature for the link and contact

seyisanya:
This is very true! My investment reduced by few thousands after the End of year interest accrued payment. I hardly check my account regularly until recently when I funded my account, and the amount did not reflect in my account, so I began some regular monitoring after it was rectified. I still haven't received any response to my email, or is it a sort of yearly account maintenance fee? This is strange...oga emmasoft, over to you sir. Something is not adding up!

Though I don't work with them but I needed to be of assistance to my people here. I found out that they made a mistake with the accrued interest. so in order to balance up. they have to withdraw the excess from clients account by way of redeeming the required units. If you noticed the accrued interest was invested then on the 6th there was redemption of some units. It was a mistake. I queried the person I spoke to that they should have explained to their customers. She apologized. That is how far I went with FBNQuest.. I hope this help.

faoogoke:
After failing to reflect my initial deposit on the app after 6 days of my making the deposit, it suddenly came up early this morning. I checked now again, I have been checking all day, my interest has not moved a kobo. Am I missing something guys? Please assist.

Interest of previous day reflects most times between 12noon and 2pm the next day and if weekend or public holiday same time the next business day.

IamR:
Ye, I got it immediately I submitted the form.

Call 08181057319 now for more specifics or give me your contact I will call you. It's something that can be resolved cos it's unusual except there is kyc issues