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Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)
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Re: Mutual Funds by sgtponzihater1(m): 7:33pm On Jul 01, 2023 |
Tohmey: I use Stanbic for years now, so would naturally recommend them. ARM is quite strong too. But Stanbic is quite intuitive, and deal with sincerity as far as I have seen. 3 Likes |
Re: Mutual Funds by emmasoft(m): 3:04pm On Jul 02, 2023 |
Tohmey: Why use intermediary when you can invest directly with the various fund managers. Opening accounts with more than one fund manager should not be an issue, it's also in itself a strategy. 2 Likes |
Re: Mutual Funds by ernie4life(m): 6:00pm On Jul 02, 2023 |
Tohmey: Go to SEC website, look for capital market operators registered at "portfolio manager" reach out to them for their offerings Top on my list would be stanbic fund managers. ARM fund managers. Gtco Afrinvest. United capital. Investment one doesn't qualify (based on your "offer both MMF & FIXED INCOME FUND" since they sold out their fund managing department to gtco but they still offer good investment. 5 Likes |
Re: Mutual Funds by ernie4life(m): 6:07pm On Jul 02, 2023 |
sgtponzihater1: List some of the fintech companies that do this " buy an ETF or stocks then it's in your name" |
Re: Mutual Funds by sgtponzihater1(m): 6:32pm On Jul 02, 2023 |
ernie4life: With Chaka, for example, their intermediary is drive wealth US, and they buy stocks with your name. If Chaka goes burst, they cannot take your fund "legally", as they are only a platform for you as an individual to purchase that stock or ETF. Moreover Chaka is owned I.e Citi Investment Capitial . There is trove, bamboo etc, but I like to stick with medium to longterm industry players. Most of the others are business men who's main objective is making profit from exhorbitant fees, which shouldn't be the main motivation. Another app based in the UK is Dodl which is actually owned by AJbells. Money box, invest engine etc are also available in the UK. Having an app that purchases several stocks/index fund/ETF is actually a game changer for the average investors. I have tinkered with starting one with much lower fees than what currently obtains, but with questions like yours, I imagine Nigerians may not be exactly ready. Also any management fees above 0.5% -1% annually is actually too expensive, but I see Nigerians unlike people in western world are very comfortable paying this, so I imagine low fees may not tilt people towards patronising low cost players at the moment. In the end every investor should do their due diligence and take responsibility for their profits and losses. Best regards 1 Like |
Re: Mutual Funds by ernie4life(m): 7:35pm On Jul 02, 2023 |
sgtponzihater1: Thanks for this, I doubt if the other fintechs in Nigeria do this, I have some insights on how they are structured but that's a discussion for another day. 1 Like |
Re: Mutual Funds by sgtponzihater1(m): 8:27pm On Jul 02, 2023 |
ernie4life: Would be most grateful if you could provide some insight to their structure when you are free. So people don't get burnt. Thanks 2 Likes |
Re: Mutual Funds by Foodempire: 9:48pm On Jul 04, 2023 |
emmasoft: Can you explain this? Thanks. Dear Client, Following the approval of the Securities and Exchange Commission (SEC) and respective Trustees; please be informed that effective Monday 17 July 2023, the Registrar function for the underlisted funds will now be managed by FBNQuest Asset Management Limited as opposed to First Registrars. The change in Registrar allows for a reduction in the Total Expense Ratio (TER) of the Mutual Funds which in turn enhances returns to you. The FBN Mutual Funds include: FBN Money Market Fund FBN Bond Fund FBN Balanced Fund Please be assured of our continued commitment to enabling you achieve your investment goals. |
Re: Mutual Funds by emmasoft(m): 7:51am On Jul 05, 2023 |
Foodempire: It simply means that FBNQuest, the fund manager of the listed mutual funds has gotten approval from SEC to also act as a registrar to these funds they are managing, this will save cost and will mean better returns to the unit holders in the funds. Before now the job of registrar was contracted to First registrars for a fee. 1 Like |
Re: Mutual Funds by ernie4life(m): 11:52am On Jul 05, 2023 |
emmasoft: In my opinion I will still prefer an external registrar to ensure checks and balances. Yes, it could improve operational efficiency but I don't think the cost aspect is so significant. In the coming days I will see if their rates will be way above their peers. 3 Likes |
Re: Mutual Funds by emmasoft(m): 12:18pm On Jul 05, 2023 |
ernie4life: True. Very knowledgeable investors will prefer separation hence the SEC and trustees' approval before the decision, but it's that cost angle they are just looking at perhaps to attract more clients I guess. You know nah whenever investors hear more money 1 Like |
Re: Mutual Funds by enque(f): 2:45pm On Jul 05, 2023 |
emmasoft: How long does it take stanbic to credit funds sent via transfer? Funded more than 24hrs now and its yet to reflect. 2 Likes |
Re: Mutual Funds by emmasoft(m): 3:06pm On Jul 05, 2023 |
enque: If you did the transfer before 12 noon on a working day and you wrote your e-account number as description, you should get value by the close of business otherwise send a mail to customer care with evidence of the transfer. 1 Like |
Re: Mutual Funds by enque(f): 5:19pm On Jul 05, 2023 |
emmasoft: Thanks Sorted |
Re: Mutual Funds by Tohmey(m): 12:24am On Jul 06, 2023 |
I Just deposited money to my SfsFund account using my Virtual Account for the first time but the money is yet to show on my SFSFUND ACCOUNT BALANCE but it is showing on my SfsFund Ledger Is that how the SfsFund does? |
Re: Mutual Funds by emmasoft(m): 6:41am On Jul 06, 2023 |
Tohmey: Yes, that is how it works. Check later today it will reflect on your balance and you will earn the interest for today as well. 2 Likes |
Re: Mutual Funds by Tohmey(m): 7:23am On Jul 06, 2023 |
emmasoft:THANKS YOU SIR! |
Re: Mutual Funds by Jerry59: 7:54am On Jul 10, 2023 |
Jerry59:I’m ready now! Emmasoft |
Re: Mutual Funds by emmasoft(m): 7:57am On Jul 10, 2023 |
Jerry59: Okay. You are welcome. Chat me up let's take up from there. I will be waiting! |
Re: Mutual Funds by emmasoft(m): 12:00am On Jul 11, 2023 |
Attention Investors in SFS Fixed Income Fund who Used/going to use my Link. Thank you for supporting my ministry. Your patronage is really much appreciated and never taken for granted. Please note that after you verify your BVN kindly generate your virtual account number. This will enable you to have a personalized account number such that as you deposit into it, the money goes straight to your investment there is no waiting time. You can also give your virtual/personalized account number to a 3rd party and once money is transferred into the account, it goes straight to your investment. This can be helpful if you don't want to spend the particular money you are expecting, in that case, you can just give your virtual account number to the source of the cash e.g a debtor or even your company. You don't even need any description. Once you use your virtual account, it's treated as your personal bank account only that the content always goes to your investment directly. When generated, it's normally Wema or sterling bank account in most cases. Sometimes it could be Providus bank. As usual, I'm always available for any further clarification if needed. See my contact details in my signature. 2 Likes |
Re: Mutual Funds by chimex38: 7:13am On Jul 11, 2023 |
OK. |
Re: Mutual Funds by NL1960: 3:56pm On Jul 11, 2023 |
emmasoft: I tested your link for StanbicIBTC MMF as iam breaking my VGIF to move to StanbicIBTC MMF but iam seeing Tier 3 and Tier 1 as options. Which should i pick when iam ready to open?. 1 Like |
Re: Mutual Funds by emmasoft(m): 4:31pm On Jul 11, 2023 |
NL1960: pick tier 3. Difference between tier 3 and tier 1 Tier 3 has no limit as to the amount you can invest. minimum of 5k and no maximum while tier1 has a cap of 200k ie your account can not hold more than 200k and you can not transfer more than 20k at a time. It's actually for financial inclusion, particularly for very low-income brackets or students. So for you, it's tier 3 you should pick. 2 Likes |
Re: Mutual Funds by NL1960: 5:11pm On Jul 11, 2023 |
emmasoft: Thanks. 1 Like |
Re: Mutual Funds by NL1960: 11:12am On Jul 13, 2023 |
emmasoft: I have used your link to open an account. Waiting for the e-account number now. 2 Likes |
Re: Mutual Funds by emmasoft(m): 1:16pm On Jul 13, 2023 |
NL1960: @NL1960, thank you so much for the patronage. I really appreciate this. Yes, you will get the e-account number within 24hrs all things being equal. Thereafter you can now credit the UBA (custodian bank) account number for MMF that will be sent to you. After funding, your login details will be sent to you as well. Kindly note that in all your transfers (deposits) always use your e-account number as the description so that tracing and posting into your investment account is made easy. Thank you. 3 Likes |
Re: Mutual Funds by NL1960: 4:31pm On Jul 13, 2023 |
emmasoft: I have received the e-account. That was fast from Stanbic Asset Management as i filled the information by 10am this morning. |
Re: Mutual Funds by Nezzjnr: 4:41pm On Jul 13, 2023 |
emmasoft:Good Day Sir Emma. Trust you are doing well. I want to get a clear detail on the Stanbic Ibtc Nigeria Market Equity Fund. I saw 15% on 30 days. Does it imply that I'm going to get an extra percent for the amount being invested under 30 days? |
Re: Mutual Funds by emmasoft(m): 7:31am On Jul 14, 2023 |
Nezzjnr: No. All rates in SEC regulated investments are per annum, any variants stated will be prorated. Equity based funds are volatile as the stock market and so the rate of the fund changes frequently with the market as the daily evaluation is done. |
Re: Mutual Funds by freeman67: 8:10am On Jul 14, 2023 |
Something seem to be terribly wrong with Stanbic IBTC these days. I read where someone complained about his/her her deposit not been credited to his/her mutual fund account last week and I thought it was just a glitch that'll soon be resolved. Can you imagine that I made a transfer to their collection account before 9:00AM on Monday morning but till today, Friday my account is yet to be credited? I sent a mail to them about it on Tuesday they received but did not act on it. Then I had to call the lady acknowledged and promised to forward it but up till now my account has not been credited. Na too much customer dey worry them so ooo? |
Re: Mutual Funds by Nezzjnr: 8:13am On Jul 14, 2023 |
emmasoft:Okay Sir. Can I have a call or a chat with you? |
Re: Mutual Funds by emmasoft(m): 9:48am On Jul 14, 2023 |
Nezzjnr: Please go ahead. |
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