NL1960:


Which of them?.

RayRay06677:
CP for 270 days @ 14.7025%
Bond for 7yrs @ 19%, Capital repayment every 6months after 18months for the rest of the tenor. interest biannually.

"Things are getting better" 2x
"For the Lord is on the throne"
"Things are getting better" 3x
"Hallelujah"

Oya sing along.

emmasoft:


Abacus

while coral is 10.26%

NL1960:


What is VGIF now?.

emmasoft:


VGIF Guaranteed base on current value of sdf is 6%

NL1960:


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

emmasoft:


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:


Which bond is 19%?.

Dum20:


Wow 19%

That is high ooo.

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.

emmasoft:


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:


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.

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?.

emmanuelewumi:



You saw Coral Money Market Fund, that should tell you the underlying assets of the fund na

emmasoft:


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

freeman67:


Yes it is high but Afrinvest always have a way of trying to eat deep into it. Their charges and 10% taxation that will be introduced into it from no where does not go well with me. That's why I like Coronation MB. They seldom charge those ridiculous extra charges and taxes when arranging or partnering for either Commercial Papers or Corporate Bonds. Their issuer takes care of those cost. However with Afrinvest, after collecting from the issuer, you will still be charged and taxed on the non taxables.

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?.

NL1960:


Yes o but wanted to be sure. You know say na Naija we dey.

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?.

emmanuelewumi:



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

emmanuelewumi:



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

NL1960:


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

Tripleaj:
@ Emmasoft, @ Emmanuelewumi and the house, please I need your advice, I called my account officer at Zenith bank, to liquidate my TBills I subscribed last week, but he told me, I will lose 15% to 20% of the capital, that is the penalty. I asked why, it was 5% when i subscribed. He said I better leave it till maturity. Sir, please is it true.
Thank you

Tripleaj:
@ Emmasoft, @ Emmanuelewumi and the house, please I need your advice, I called my account officer at Zenith bank, to liquidate my TBills I subscribed last week, but he told me, I will lose 15% to 20% of the capital, that is the penalty. I asked why, it was 5% when i subscribed. He said I better leave it till maturity. Sir, please is it true.
Thank you

Tripleaj:
Sir. I actually got a better rate with stanbic bank. I thought I should liquidate it and subscribe with stanbic Sir. And, Probably also add to the capital again and subscribe with stanbic sir
Thank you sir.