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 Investment › Re: Mutual Funds by emmasoft(m): 5:09pm On Dec 14, 2025 |
excel127:Generally, all MMFs accrued interest daily, ie, interest is earned daily whether you monitor or not, but most of the fund managers, like Norrenberger, have a web portal or app to monitor your investment progress. As already explained in my earlier post, you can decide to withdraw your interest monthly only if you opt for interest reinvestment, so that by the time your interest is reinvested, you can redeem or withdraw the amount from your balance, but if you opt for interest payout, the accrued interest is paid to your bank account automatically at the end of the quarter. Professionally, it may not be advised to withdraw your interest every month; the automatic quarterly withdrawal still looks better. Rather, you can open more than one MMF with different fund managers and use them for different purposes. Read my earlier post sometime this year or so - how investors put MMF to use for more clarity on this, or reach out to me. Meanwhile, you guys should use my links o o. to help my ministry!  2 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 2:48pm On Dec 14, 2025 |
Creditalerts:Anytime from 31st December to 7th January 2026. This is the same for all the MMFs. Irrespective of the time you start, accrued interest is prorated and paid at the end of each quarter. For all MMFs, pay out of interest is anytime on or before the 7th of the next quarter, irrespective of the time you start. For example, if an investor starts on the 30th of December and opts for interest payout, the investor gets interest for 30 and 31st December paid to his/her account at the end of the quarter. So payout of all MMF is: latest 7th Jan, 7th April, 7th July, 7th October of every year, irrespective of the time you started your investment. Please note it could be much earlier or a little later than the 7th, depending on the fund manager or the circumstances surrounding them at that time. 4 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 2:19pm On Dec 14, 2025 |
Kabawhat:If it's Stanbic or any other firm, send an email to customer care stating that, going forward, you want your interest to be reinvested back into your MMF and not to be paid out to your bank account. After you send the mail, follow with a call immediately to ask them if they saw the mail and tell them your intention. They will act on it. The same thing you do if it's otherwise. From experience, if it's Stanbic, such things are better done in the morning. Then, shortly before the last week of the quarter, call again to confirm if they have done it. The next interest payment for all MMFs is the 1st week in January, ie, for the accrued interest of Oct. to Dec. 31st 2025. Normally, interest will hit your account latest 7th of the next quarter, but reinvestment is the last day of the quarter, in this case, 31st of Dec. 2025 2 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 1:13pm On Dec 14, 2025*. Modified: 1:37pm On Dec 14, 2025 |
Creditalerts:No MMF allows monthly withdrawal, even Stanbic. When it comes to paying out of interest, it is quarterly for all, including Stanbic. Now, understand this: what Stanbic does is that they reinvest your accrued interest monthly if you pick interest reinvestment. You can now decide to withdraw your interest anytime you wish. Otherwise, if you select interest payout, it's quarterly, you get your accrued interest paid to your account automatically. So, if you wish to withdraw your interest monthly, then select reinvestment of interest, as this is how all of them operate. The only difference is that others only reinvest interest quarterly, but all pay interest automatically every quarter. 4 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 10:19am On Dec 13, 2025 |
suckprick:When it comes to fund management, it doesn't follow. The reputation of fund managers is tied to the SEC verdict, not affiliation with any bank. That reputation thing is just our thinking and opinions, not what is really obtainable. |
| Investment › Re: Mutual Funds by emmasoft(m): 10:15am On Dec 13, 2025 |
suckprick:On Point 1: Nature of Mutual Funds Mutual funds are primarily defined by the nature of the fund, not by the fund manager. Broadly, they are categorized as: Low risk – e.g., Money Market Funds (MMF) Medium risk – e.g., Bond Funds High risk – e.g., Equity Funds Irrespective of the fund manager, the safest category—by definition—is the Money Market Fund. Whether the fund manager is old or newly established, an MMF remains low risk and focused on capital preservation. For example, an equity fund does not become less risky because it is managed by Stanbic, nor does it become more risky because it is managed by Norrenberger or a firm that started less than a year ago. Risk is determined by the asset class, not the brand name of the fund manager. On Point 2: SEC-Mandated Checks and Balances For every fund type, the Securities and Exchange Commission (SEC) mandates a strict structure of checks and balances. These include the following parties: - Registered Fund Manager The fund manager must be registered not only with the Corporate Affairs Commission (CAC) but also licensed by the SEC. SEC registration is the key requirement here. - Custodian Bank This is an independent bank that is completely unrelated to the fund manager. A fund manager that belongs to a banking group cannot use its affiliate bank as custodian. Examples: Stanbic Asset Management → Custodian: UBA Norrenberger → Custodian: UBA FBNQuest → Custodian: Citibank United Capital (UCAP) → Custodian: Stanbic Bank Therefore, assuming you are dealing with a bank simply because the asset manager belongs to the same group is a misconception. The bank and the asset manager are separate entities with no operational overlap in this regard. - Trustees Trustees act as co-signatories to the fund accounts. This is why collection accounts of fund managers typically carry two names. No funds move in or out without the knowledge and authorization of the trustees. They also ensure that the fund’s mandate is strictly followed. For example, they ensure that investors’ funds in an MMF are invested only in approved instruments such as Treasury Bills and commercial papers, and not diverted into equities or other high-risk instruments, regardless of attractive rates. - SEC (Securities and Exchange Commission) In the capital market, the SEC is the apex regulator. It oversees and regulates all activities of fund and asset managers. Simply put, the SEC is to fund/asset managers what the CBN is to commercial banks and other deposit money banks. Finally, Any fund that operates with all the structures above in place is safe to invest in, even for very large sums, and investors can be confident and at rest. Anything outside this framework—regardless of the name, promised returns, or how long it has existed—should be treated with caution, as it is likely a Ponzi scheme. Also, the fact that I share registration links does not make me your fund manager, nor does it mean you are investing with me. By reason of knowledge and experience, I am simply a representative and ambassador of some of these firms. Please be well guided. Kindly click the second link in my signature to register with Norrenberger and support my ministry, or feel free to reach out to me for more information on mutual funds or stocks. Happy investing! 11 Likes 2 Shares |
| Investment › Re: Mutual Funds by emmasoft(m): 11:14pm On Dec 12, 2025 |
suckprick:I have written much about this at different occasions on this thread that the safety of your fund or risk associated with it doesn't depend on the fund mansger rather, it depends on the nature of the fund. For as much as a fund manager is regulated by SEC and all the parties to the fund are present, no worries irrespective of the age of the fund manager, your investment is safe. I'm not writing this because I'm a rep to Norrenberger, it's the fact about asset management from experience of over 20 years. 4 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 5:50pm On Dec 12, 2025 |
Donbrig:Norrenberger wants to challenge the status quo, apart from the cut-off time and rate; they are the only asset management firm that has its head office in Abuja. Watch out for these guys; they mean business. Seven years already and still counting... Click the second link in my signature to open an account with Norremnberger for free. 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 11:36am On Dec 12, 2025 |
The cut-off time for Norrenberger MMF is now 3 pm on any business day. It means that any deposit made before 3 pm will have the same-day value, and investors will earn interest on the same day. 8 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 6:12pm On Dec 10, 2025 |
Thazard:I already sent you a chat, check your WhatsApp. |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 5:48pm On Dec 10, 2025 |
francisobiabo:You can do MMF with Norrenberger, First Ally... account opening link is in my signature, or reach out to me with the contact also in my signature. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 5:42pm On Dec 10, 2025 |
Clear your doubt about a Financial Market Operator No more doubt about whether an operator is authentic or not. It's not a matter of popularity, it's a matter of being authentic. See the attached. 1 Like 1 Share
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| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 5:38pm On Dec 10, 2025 |
Clear your doubt about a fund manager No more doubt about whether an operator is authentic or not. It's not a matter of popularity, it's a matter of being authentic. See the attached. 3 Likes 1 Share
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| Investment › Re: Mutual Funds by emmasoft(m): 5:31pm On Dec 10, 2025 |
Clear your doubt about a fund manager No more doubt about whether an operator is authentic or not. It's not a matter of popularity, it's a matter of being authentic. See the attached. 4 Likes 1 Share
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| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 11:50am On Dec 10, 2025 |
freeman67:Though I have not done tracking of WHT remittance before now, I believe it can be done from the FIRS end. Actually, by law, the evidence is supposed to be sent to the taxpayer by the institution that did and remitted the tax. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 11:46am On Dec 10, 2025 |
francisobiabo:Not really, because even when Tbills was 3% some years back, investors subscribed. Most of the time, when dealing with huge funds, rate takes a back seat, and the most important consideration becomes the safety of the funds. 1 Like 1 Share |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 11:10pm On Dec 09, 2025 |
francisobiabo:The 10% WHT has not just started; it's actually been in effect since 2022, after the 10-year tax holiday that started in 2012 ended. The issue is that many institutions simply didn’t implement it. It now seems as though the policy begins next year because the new tax laws have placed a stronger emphasis on enforcement and compliance. From next year, institutions will definitely apply WHT on all applicable investment instruments, regardless of when the investment tenor originally started. The only exceptions remain legally exempt instruments, such as government-issued bonds. 2 Likes |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 10:57pm On Dec 09, 2025 |
fannybaby:The time to get credited will depend on some factors like available buyers, tenor, the investment house or bank etc. Though I don't know the firm or bank you are using, it's possible you get credited within 24 hours or more, depending on some of the factors stated earlier. If you have yet to be credited, you can reach out to the customer care tomorrow to get an update. Again, here is one of the advantages of MMF over Tbills. Easy entry and exit. If you're not sure of holding your TBills to maturity, It's always better to opt for MMF, which gives you the liberty to do anything with your capital without penalty after 30 days. |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 10:39pm On Dec 09, 2025 |
thebaft:Yes, there is a primary auction tomorrow, 10th December 2025, but it's too late to participate if you have not applied as of this morning. 3 Likes
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| Investment › Re: Mutual Funds by emmasoft(m): 6:11pm On Dec 09, 2025 |
tempest12:https://dailyyieldapi.norrenberger.com/money-market |
| Investment › Re: Mutual Funds by emmasoft(m): 4:52pm On Dec 09, 2025 |
suckprick:Based on what you just posted, I recommend that you read my previous posts on the issue you raised, particularly my response to @toby4ever on the previous page. Please understand that those fund managers you mentioned are not tied to those banks as you think. Your invested funds have no connection with those banks. For your information, it's an offence, as stated by the SEC, for your invested money to be in any bank related to the fund manager. Hence, we have the following as parties to a mutual fund - SEC-registered Fund Manager - Custodian bank - which must not be related to the fund manager in any way - Trustees - Regulator - The SEC |
| Investment › Re: Mutual Funds by emmasoft(m): 8:01am On Dec 09, 2025*. Modified: 1:06pm On Dec 09, 2025 |
Taal17:On the new app, login to your MMF account and click wallet. Select buy funds then pick buy new funds it will take you to the list of all available funds including MMF; you can now select any product of your choice. Any fund picked this way, will create a new account even if you have the fund already. By the way given the current rate of Stanbic, I advice you open a new MMF with Norrenberger to enjoy better rate at the moment instead of having more MMF with stanbic. Stanbic MMF is 16.32% while Norrenberger is 19.07% as of today, 09 12 2025. Click the second link in my signature to open an account with Norrenberger. 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 11:04am On Dec 08, 2025 |
Babygal2020:It's not only Stanbic, there are also others in that range of 16%+. You can add one more fund manager, like Norrenberger or First Ally, to augment. 2 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 9:44pm On Dec 07, 2025 |
lolaluv1:Talk to customer care to know the reason why the payment of your interest has stopped. |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 10:58pm On Dec 04, 2025 |
FACTOR IN WHT ON TBILLS GOING FORWARD Folks, I advise you guys to factor WHT into your gains going forward. The earlier you do this, the better, or go for alternatives so that you don't always feel disappointed. WHT has come to stay till another government policy says otherwise, just as it happened in 2012. The WHT tax holiday ended in 2022. Let's understand this for our mental health. My opinion, though. 5 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 10:35pm On Dec 04, 2025 |
lolaluv1:Download the Stanbic Bank app 3.0, which is the new app, and you will see the BluNest module, which replaced the mutual funds module. Use the same login details, and you will be fine. If you have not been paid interest into your registered bank account, it means you opted for interest reinvestment. Otherwise, check your bank statement; your interest would have been paid, or call the customer care to complain if you can't see your interest added to your capital at the end of each month in the past two quarters. 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 6:05pm On Dec 04, 2025 |
toby4ever:@toby4ever, please note that Norrenberger is a financial services group fully regulated by the SEC, with interests spanning Asset Management, Insurance, Pension, and more. It’s important to understand that no MDB engages in fund management, and no fund manager operates under any bank in terms of responsibilities or oversight. While it is true that some HoldCos—like Stanbic, FCMB, etc. have asset management subsidiaries, they are completely separate entities with different regulators and independent operations. CBN regulates MDBs, while the SEC regulates Asset Management Companies. As @IamtheDef rightly stated, there is no operational connection between Stanbic Bank and Stanbic Asset Management when issues arise concerning your investment. An investor cannot claim a kobo from Stanbic Bank for an investment made with Stanbic Asset Management, because the bank is not the custodian of that investment. Please understand that your money is not inherently safer because a fund manager belongs to the same HoldCo as a bank. What determines the level of safety or risk associated with your investment is the type of mutual fund, not the identity or popularity of the fund manager. Your investment carries the same risk profile whether the fund manager is a newly established company or one that has existed for 20 years. The safety of your investment is tied to the nature of the fund, not the age or brand of the manager. A Money Market Fund (MMF) remains low-risk, regardless of who manages it. Equity funds remain higher-risk, regardless of which stockbroker or manager you use. Key things to look for in a fund manager before making a decision: A registered and regulated Fund Manager A Custodian Bank Trustees SEC regulation and compliance Any fund manager with the above parties to the fund, fit to deal with. Remember, popularity does not guarantee safety. I have to state the above based on some feedback I always get from different folks, not necessarily because of the question from @toby4ever 7 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 5:26pm On Dec 03, 2025 |
heavenisreal18:Narration becomes optional once you have a personalized account. The reason for narration when you use the collection account is for identification and easy tracing of your funds to your MMF account. The essence of personalizing it is such that no other investor uses that account. No need to trace once you fund the personalized account. All channels of funding continue to work, except you receive an email stating otherwise. |
| Investment › Re: Mutual Funds by emmasoft(m): 1:12pm On Dec 03, 2025 |
playces:That was the line I used the last time I spoke with them. You can also try this 02012805595 |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 12:32pm On Dec 03, 2025 |
EARN MORE ON YOUR DOLLARS If you earn in dollars or have dollars, don't limit your earning opportunity. You actually store value to a large extent, hedge against inflation and devaluation of local currency, by keeping your dollars in a domiciliary account, but you will create more value and earn more by keeping your dollars in the Norrenberger Dollar Fund (NDF), and earn 9.46% of your capital with the option of compounding Click the second link in my signature to open an account or get in touch. 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 12:31pm On Dec 03, 2025 |
EARN MORE ON YOUR DOLLARS If you earn in dollars or have dollars, don't limit your earning opportunity. You actually store value to a large extent, hedge against inflation and devaluation of local currency, by keeping your dollars in a domiciliary account, but you will create more value and earn more by keeping your dollars in the Norrenberger Dollar Fund (NDF), and earn 9.46% of your capital with the option of compounding Click the second link in my signature to open an account or get in touch. |
| Investment › Re: Mutual Funds by emmasoft(m): 11:54am On Dec 03, 2025 |
sirrotex:Payout is always by transfer to your registered dom account. Cash payout is not allowed. Please, if you don't mind, you can dm me for other things that may not be proper to say here. Thank you for your patronage. It's not taken for granted. |
