Deensham:


What's the rate on their mmf?

From their website it was 5.93 on 26 May.

Hi,I am a financial advisor with Axamansard insurance PLC. For more info,you can reach out to me via DM and I will give you my official mail and contacts so you can reach me officially.

You could as well tell us more about Axamansard insurance and all that we need to know here... Asking clients to contact you guys privately makes everybody to be very suspicious and extremely careful. So many fraudsters hovering around, looking for whom to devour.

Tinu4real:
Hi,I am a financial advisor with Axamansard insurance PLC. For more info,you can reach out to me via DM and I will give you my official mail and contacts so you can reach me officially.

If you desire to earn good return of investment on a weekly basis from the Forex Trading, or you want your money to be working for you while you sleep, kindly contact us as quickly as possible.

We are offering a Guaranteed Forex Account Management Service with secure profits on Any MT4 or MT5 broker :-

Orders would be placed in your account manually through our expert traders with more tham 13 years of eperience.



All Trading would be done with proper risk management.

Delivering at least 700 - 1500 green pips in a monthly

Signals accuracy would be 80 - 95 %

Risk and reward ratio would always between 1:1.5 - 1: 1.2.

You will have 100% control of your account and can opt out at any time.


We would be working with technique of capital maximization to make higher returns.

Telegram- @forexprofitmgr

Ok,noted

Donbrig:
You could as well tell us more about Axamansard insurance and all that we need to know here... Asking clients to contact you guys privately makes everybody to be very suspicious and extremely careful. So many fraudsters hovering around, looking for whom to devour.

Tinu4real:
Ok,noted

What is the Money Market Fund?
The Money Market Fund is a secure, open ended mutual fund that invests in short term securities such as Treasury Bills, Commercial Papers and Fixed Deposits. It aims to optimize returns on free cash flow offering returns that outperform regular savings accounts.
What are the requirements to open a Money Market Fund account?
You will need to complete a subscription form. The form can be obtained from any of our welcome centers.


Additional documents required include government issued proof of identification, passport photo, proof of address (utility bill) and signature.
What are the advantages of investing in the Money Market Fund?
The Money Market Fund has a lot of benefits which include:


1. Safety: The Fund ensures safety of both principal and interest accrued.

2. Returns: The Fund provides attractive returns and when compared to a normal savings account, the AXA Mansard Money Market Fund offers a lot more return on your investment.

3. Liquidity: The Fund is open-ended which means that injections and withdrawal are treated on any business day.

4. Affordability: The Fund represents an investment opportunity that allows investors earn steady income without substantial initial investments.

5. Professional Management: The portfolio managers are skilled and experienced professionals and will bring this expertise to bear in the management of the Fund. .

6. Performance Monitoring: An Investment Committee will monitor the Fund’s activities and performance on a regular basis.

7. Accessibility: Easy accessibility to the Fund via the use of electronic platforms. Simply visit our online portal – www.axamansard.com; download the AXA Mansard mobile app – MyAXA; or access it via our USSD code – *987#.
What does the AXA Mansard Money Market Fund invest in?
The Fund invests in money market securities which include Treasury Bills, Fixed Deposit and guaranteed Commercial Papers.

ikoroduarea:



What's the rate for MMF? Like how much one get interest on 30m for one month?

Don't expect more than 150,000 monthly

modupemomo:
Hello Everyone, hope you enjoyed the long holiday. Please what exactly is going on with Stanbic Mutual Funds, I noticed that the interest rate is abysmally low right now. This is how they will be making someone eye Fairmoney with 15% interest rate! I dont even want to go near any microfinance bank. I am very risk averse which is why I chose mutual funds but what is all these stagnancy of interest rates?

How can everything be this expensive in Nigeria and interest rates be this low?

The money I have in mutual funds will give me a generous fetching somewhere else but I have been burnt twice investing with unscrupulous Nigerians and there will not be a third time.

Is there any hope of resurrection for mutual funds or I should just go and start POS business? �

Please any luminary here should kindly help. Thanks

To preserve your captial, you are better off leaving a huge chunk of it in the money market.

Everywhere is tight, except you can spare a little percentage of your total capital to take on High risk High yield investment but remember it could as well burn you.

Monetary policy rate is high, inflation rate is high but MMF rate is low. Nigeria is something else, we ought to be at 10% atleast

chukzyfcbb:

To preserve your captial, you are better off leaving a huge chunk of it in the money market.

Everywhere is tight, except you can spare a little percentage of your total capital to take on High risk High yield investment but remember it could as well burn you.

Monetary policy rate is high, inflation rate is high but MMF rate is low. Nigeria is something else, we ought to be at 10% atleast

MMF rate will go up with time. As MPR goes up, Tbill rates for each tenor will be affected positively and that in turn cause MMF rates to rally up.

emmasoft:


MMF rate will go up with time. As MPR goes up, Tbill rates for each tenor will be affected positively and that in turn cause MMF rates to rally up.

I am patiently waiting for it to go up seeing the MPR rate just got adjusted lately.

Let's all watch and see

modupemomo:
Hello Everyone, hope you enjoyed the long holiday. Please what exactly is going on with Stanbic Mutual Funds, I noticed that the interest rate is abysmally low right now. This is how they will be making someone eye Fairmoney with 15% interest rate! I dont even want to go near any microfinance bank. I am very risk averse which is why I chose mutual funds but what is all these stagnancy of interest rates?

How can everything be this expensive in Nigeria and interest rates be this low?

The money I have in mutual funds will give me a generous fetching somewhere else but I have been burnt twice investing with unscrupulous Nigerians and there will not be a third time.

Is there any hope of resurrection for mutual funds or I should just go and start POS business? �

Please any luminary here should kindly help. Thanks

What's the rate of stanbic MMF

At this point, I have stopped checking and bothering myself on things I cannot change. I really dont know.

petaling:


What's the rate of stanbic MMF

Hey guys! Which MMF has the best rate for a long term investment?

binaflexia:
Hey guys! Which MMF has the best rate for a long term investment?

If you are looking long term, it's best you look at bonds and TBills. MMF rates fluctuats base on market conditions the best rate you see today could be the worst tomorrow. But with bonds, your rate is locked (same) for the whole duration you invested

binaflexia:
Hey guys! Which MMF has the best rate for a long term investment?

You can try Stanbic IBTC balanced fund. I think the 3&5 years rates has been good.

Hello everyone. I invested in fbn quest mmf but since first of this month the interest rate disappeared from my page and leaving the capital with a new interest that its just counting from 1st of July i assume. Is it possible the interest was paid into my bank account ?

exclusiveoloori:
Hello everyone. I invested in fbn quest mmf but since first of this month the interest rate disappeared from my page and leaving the capital with a new interest that its just counting from 1st of July i assume. Is it possible the interest was paid into my bank account ?

Likely that, check your acct balance. Might be payment for just ended quarter.

Greetings all. I'm a newbie here.
Please can someone tell me more about Stanbic money market fund?
What's the current rate and the holding period?
After maturation, would the interest and capital be paid at the same time? Or would the capital be reinvested and interest paid on a monthly basis?

Please someone should clear me before I invest.

Jasiro:
Greetings all. I'm a newbie here.
Please can someone tell me more about Stanbic money market fund?
What's the current rate and the holding period?
After maturation, would the interest and capital be paid at the same time? Or would the capital be reinvested and interest paid on a monthly basis?
Please someone should clear me before I invest.

You can read everything about the SIMMF here.

chukzyfcbb:

To preserve your captial, you are better off leaving a huge chunk of it in the money market.

Everywhere is tight, except you can spare a little percentage of your total capital to take on High risk High yield investment but remember it could as well burn you.

Monetary policy rate is high, inflation rate is high but MMF rate is low. Nigeria is something else, we ought to be at 10% atleast

As in! The thing tire me no be small. Though rates are climbing marginally, it's still far too low to make any sense.

For me, reasonable rates (11-14% at very least) would put more money in our pockets and help reduce the mad rush for dollars . . .

whatever you do, avoid standard chartered bank and their dollar mutual fund. You will never see your money again. it will fall beyond zero

Ambber:
whatever you do, avoid standard chartered bank and their dollar mutual fund. You will never see your money again. it will fall beyond zero

Haba, subzero? No b juju b dat

seyisanya:
Haba, subzero? No b juju b dat

na original juju o when it becomes negative no be subzero be dat?

For those looking for high interest rate, you can try FBN Quest Bond fund. The interest is between 10% and 10.5%. I think this is better than the present rate of MMF. DD required.

Elders, please which of these MMFs would your recommend: Stanbic MMF or ARM MMF or Union Capital MMF?
Best rate wise, and considering the fact that I would be needing the fund back by October. Thanks

dyonpoint:
Elders, please which of these MMFs would your recommend: Stanbic MMF or ARM MMF or Union Capital MMF?
Best rate wise, and considering the fact that I would be needing the fund back by October. Thanks

ARM MMF is far better.

dyonpoint:
Elders, please which of these MMFs would your recommend: Stanbic MMF or ARM MMF or Union Capital MMF?
Best rate wise, and considering the fact that I would be needing the fund back by October. Thanks

You need the entire fund back in October 2022? If the amount involved is not substantial then it doesn't worth it at all, just leave the money in your savings account.

The rate is really low across the board and the difference, in terms of rate, is really negligible but you can go for any of STANBIC or ARM.

I use both Stanbic and ARM, ARM rate is better

dyonpoint:
Elders, please which of these MMFs would your recommend: Stanbic MMF or ARM MMF or Union Capital MMF?
Best rate wise, and considering the fact that I would be needing the fund back by October. Thanks

Thanks for all the replies. I appreciate. I will go for ARM then.

https://www.arminvestmentcenter.com

Please hope the above link is the correct ARM website?

/

Abbasmh:
I use both Stanbic and ARM, ARM rate is better