Mutual Funds - Investment (330)

Mutual Funds - Investment (330) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1513448 Views)

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Re: Mutual Funds by emmasoft(m): 6:58pm On Aug 16, 2024

Susantice:
Can I topup funds to stanbic mmf on weekends

You can, but you will have value on the next business day.

Re: Mutual Funds by Susantice: 11:03am On Aug 17, 2024

I topped up yesterday being Friday, around 2pm, and until now, nothing yet

emmasoft:
You can, but you will have value on the next business day.

Re: Mutual Funds by NL1960: 11:07am On Aug 17, 2024

Susantice:
I topped up yesterday being Friday, around 2pm, and until now, nothing yet

Top up after 12noon is next business day. Top up before 12noon is same day.

2 Likes

Re: Mutual Funds by Onboard1: 9:33pm On Aug 19, 2024

Good evening everyone.
My small question goes like this.

I have MMF with Stanbic IBTC. Assuming the bank fails, how will it affect my investment?

Re: Mutual Funds by emmasoft(m): 11:09pm On Aug 19, 2024

Onboard1:
Good evening everyone.
My small question goes like this.

I have MMF with Stanbic IBTC. Assuming the bank fails, how will it affect my investment?

Please note that your investment in stanbic MMF has nothing to do with stanbic ibtc bank.

When you invest in stanbic MMF you indirectly invest in Tbills and commercial papers of reputable companies. You can only lose your investment if Nigeria government default in their obligations to investors in TBills. The probability is near zero.
By the way, stanbic ibtc bank is not even the fund manager rather the fund is managed by stanbic asset management a different entity even though they in the same holdco with the bank.
All the cash invested in MMF don't even pass through stanbic, SEC will not allow that. The custodian bank is UBA.

4 Likes

Re: Mutual Funds by Onboard1: 3:20am On Aug 20, 2024

emmasoft:
Please note that your investment in stanbic MMF has nothing to do with stanbic ibtc bank.

When you invest in stanbic MMF you indirectly invest in Tbills and commercial papers of reputable companies. You can only lose your investment if Nigeria government default in their obligations to investors in TBills. The probability is near zero.
By the way, stanbic ibtc bank is not even the fund manager rather the fund is managed by stanbic asset management a different entity even though they in the same holdco with the bank.
All the cash invested in MMF don't even pass through stanbic, SEC will not allow that. The custodian bank is UBA.

Thank you sir 🙏

Re: Mutual Funds by Samchi4christ(m): 5:15am On Aug 20, 2024

Doing well with Stanbic MMF now! The sky is brighter🌞. My signature is live🔥🔥🔥 MMF safest way to earn and securing your hard earned money.

SimpleGuy001:
@emmasoft thanks for that.

Well I left mmf then due to bad rates. When tbill rate was better. So now I’m thinking of doing mmf not sure the rates now.

I have got 2.5m in Tbills and thought of building a mmf account that I can build overtime too.

I guess I’ll see about that.

Re: Mutual Funds by Samchi4christ(m): 5:26am On Aug 20, 2024

Hope you have joined the MMF train, if not you are missing. Join me using my stanbic signature. No time to waste time!🔥👍💪

uwaifou:
Please, which is the best money market funds to invest in now?.

And is Treasury Bills Primary market sales still on? What was the last interest rate pls?

Re: Mutual Funds by Blizzyblazer: 8:41am On Aug 20, 2024

Samchi4christ:
Hope you have joined the MMF train, if not you are missing. Join me using my stanbic signature. No time to waste time!🔥👍💪

𝒘𝒉𝒂𝒕 𝒊𝒔 𝒕𝒉𝒆 𝒑𝒓𝒆𝒔𝒆𝒏𝒕 𝑴𝑴𝑭 𝒓𝒂𝒕𝒆 𝒇𝒐𝒓 𝒕𝒐𝒅𝒂𝒚 @ 𝑺𝒕𝒔𝒏𝒃𝒊𝒄

Re: Mutual Funds by Kelvin4107: 5:09pm On Aug 20, 2024

Check out Aipowertrades

Use my referral code to register

www.aipowertrades.com/ref/kel

Re: Mutual Funds by NL1960: 5:13pm On Aug 20, 2024

Blizzyblazer:
𝒘𝒉𝒂𝒕 𝒊𝒔 𝒕𝒉𝒆 𝒑𝒓𝒆𝒔𝒆𝒏𝒕 𝑴𝑴𝑭 𝒓𝒂𝒕𝒆 𝒇𝒐𝒓 𝒕𝒐𝒅𝒂𝒚 @ 𝑺𝒕𝒔𝒏𝒃𝒊𝒄

20.95%

Re: Mutual Funds by FrostyButter: 1:02pm On Aug 25, 2024

Dear house, can a mutual fund account be used as proof of funds for immigration purposes...I particularly use stanbic mutual funds.

Re: Mutual Funds by Batman2412(m): 11:30pm On Aug 25, 2024

Yes, of course

FrostyButter:
Dear house, can a mutual fund account be used as proof of funds for immigration purposes...I particularly use stanbic mutual funds.

1 Like

Re: Mutual Funds by owenabuka: 4:29pm On Aug 26, 2024

Please.

if I invested 500k in mutual funds with stanbic IBTC. And the funds have stayed a period of 30 days.
Can i withdraw everything from the account including the interest?
How easy is this and does it have any charges?

I am scared of going higher on this investment so is there like a insurance on Invested capital?

Re: Mutual Funds by Batman2412(m): 11:09am On Aug 27, 2024

Yes, from the 32nd day. Just enter the total figures (interest + capital) for redemption. No penalty. I don't know about insurance but your ₦500k is not with Stanbic but rather with CBN (Treasury Bills) and in CP and FD of reputable companies. It's safe.

owenabuka:
Please.

if I invested 500k in mutual funds with stanbic IBTC. And the funds have stayed a period of 30 days.
Can i withdraw everything from the account including the interest?
How easy is this and does it have any charges?

I am scared of going higher on this investment so is there like a insurance on Invested capital?

Re: Mutual Funds by emmasoft(m): 5:09pm On Aug 27, 2024

owenabuka:
Please.

if I invested 500k in mutual funds with stanbic IBTC. And the funds have stayed a period of 30 days.
Can i withdraw everything from the account including the interest?
How easy is this and does it have any charges?

I am scared of going higher on this investment so is there like a insurance on Invested capital?

By the way, @owenabuka, why are you scared? I wonder what you will do if you invest in stocks or other high-risk investment windows.

You don't have any reason to be scared, there is a reason why all MMFs are classified as low-risk investments worldwide. Your money is safer in MMFs than in some MDBs. It's low risk because your capital is guaranteed by law which is even more than insurance.

Apart from serving as an investment, most investors use MMF as an emergency fund because it's liquid and safe. Even some traders in the capital market use MMF as a placeholder for funds while waiting for the right price to enter the market. Many also use it as a personal pension and the fact that entry and exit are easy, life is made easy when withdrawing to settle urgent cash needs.

You can have as much as you can in MMF, institutional investors and HNIs have billions in MMF. The law guiding Pension Administrators allows them to invest in MMF more than stocks because MMF is regarded as a very safe investment.

I will advise you not to cheat yourself of good returns. You can even opt for reinvestment of interest to take advantage of the power of compounding.

The above is in addition to what @Batman2412 already posted.

NB: MMF has the following as a party to the fund

1. Fund manager
2. Custodian bank, which should not be affiliated to the fund manager in any way
3. Trustee
4. SEC

It's not a one-man show.

4 Likes

Re: Mutual Funds by kalu61(m): 10:26pm On Aug 27, 2024

emmasoft:
You can, but you will have value on the next business day.

I will chat you up for opening stambicibctfund account

Re: Mutual Funds by petlaz: 1:22am On Aug 28, 2024

Hello house,

How long can someone invest in MMF?

Can MMF be a long-term investment like 10 years or 15 years?

Re: Mutual Funds by emmasoft(m): 7:32am On Aug 28, 2024

kalu61:
I will chat you up for opening stambicibctfund account

Okay, you are welcome. You can as well click the first link on my signature to register.

Re: Mutual Funds by emmasoft(m): 7:35am On Aug 28, 2024

petlaz:
Hello house,

How long can someone invest in MMF?

Can MMF be a long-term investment like 10 years or 15 years?

MMF tenor is determined by the investor, it can be as short as 30 days or as long as you wish. 10 years, 15 years or for life as long as it's meeting your investment objectives.

Re: Mutual Funds by petlaz: 7:43am On Aug 28, 2024

Thanks Mr Emmasoft for your kind reply.

MMF tenor is determined by the investor, it can be as short as 30 days or as long as you wish. 10 years, 15 years or for life as long as it's meeting your investment objectives.[/quote]

Re: Mutual Funds by Leilami: 12:22pm On Aug 28, 2024*

Good Morning nairalanders and @emmasoft. Please what's the initial process to go through with investing and which is the best mutual fund you would advise?

Thanks.

Re: Mutual Funds by emmasoft(m): 4:22pm On Aug 28, 2024

Leilami:
Good Morning nairalanders and @emmasoft. Please what's the initial process to go through with investing and which is the best mutual fund you would advise?

Thanks.

The initial process is what you already started by coming here to seek more knowledge.

Please read my previous posts and others here and you will be well guided

You can register with Stanbic or Norrenberger. They are both good.

For Stanbic, click the first link on my signature to register, or complete the attached form for Norrenberger. You can also chat me if you need further clarification.

Re: Mutual Funds by Leilami: 8:04pm On Aug 28, 2024

emmasoft:
The initial process is what you already started by coming here to seek more knowledge.

Please read my previous posts and others here and you will be well guided

You can register with Stanbic or Norrenberger. They are both good.

For Stanbic, click the first link on my signature to register, or complete the attached form for Norrenberger. You can also chat me if you need further clarification.

Re: Mutual Funds by Leilami: 8:04pm On Aug 28, 2024

[quote author=Leilami post=131737353][/quote]Thanks. I will do that.

Re: Mutual Funds by Obinnau(m): 9:04pm On Aug 28, 2024

How does what happens in the stock market affect mutual funds? Assuming we have a financial catastrophe like that of 2008, how will it affect mutual funds?

Cc: emmasoft

Re: Mutual Funds by emmasoft(m): 9:43pm On Aug 28, 2024

Obinnau:
How does what happens in the stock market affect mutual funds? Assuming we have a financial catastrophe like that of 2008, how will it affect mutual funds?

Cc: emmasoft

Happenings at the stock market are normally inversely proportional to what happens to mutual funds particularly MMF except mutual funds that have stocks as the underlying asset or part of the underlying assets. I guess most of us still find it difficult to understand when we say MMF is a low-risk investment. If the stock market crashes it's sometimes a boom in the fixed income and MMF segments that is one of the causes apart from other factors related to the economy or investors' behavior.

The worst that can happen to any investment in MMF is that the rate can be drastically reduced just as it happened a few years back when Tbills went as low as below 5% in some of the tenors but nothing happens to your capital.

There can only be an issue if Nigeria ceases to exit or the Federal Govt. could not fulfill its obligation to investors who invested in Tbills.

3 Likes

Re: Mutual Funds by yak(m): 11:42pm On Aug 28, 2024

owenabuka:
Please.

if I invested 500k in mutual funds with stanbic IBTC. And the funds have stayed a period of 30 days.
Can i withdraw everything from the account including the interest?
How easy is this and does it have any charges?

I am scared of going higher on this investment so is there like a insurance on Invested capital?

MMF is my emergency fund oo.
I needed to pay a worker today, I opted to get some amount from my MMF around 9pm yesterday. 11:21 this morning, I trabsfered to the person.
God bless Whoever introduced me to MMF in 2018

1 Like

Re: Mutual Funds by yak(m): 11:43pm On Aug 28, 2024

Obinnau:
How does what happens in the stock market affect mutual funds? Assuming we have a financial catastrophe like that of 2008, how will it affect mutual funds?

Cc: emmasoft

In MMF, your capital is Guaranteed atleast

Re: Mutual Funds by Susantice: 5:51am On Aug 29, 2024

People who have 500million aint scared to have their funds invested on tbills. Do people even understand this concept. Or you think this some asshole investment from some private companies. The only way your funds will be lost is if Nigeria doesn't exist no more. You damn be lucky now that rate is high, we have been doing this when rate was 7% per annum, clocking 12 years now from when I started

owenabuka:
Please.

if I invested 500k in mutual funds with stanbic IBTC. And the funds have stayed a period of 30 days.
Can i withdraw everything from the account including the interest?
How easy is this and does it have any charges?

I am scared of going higher on this investment so is there like a insurance on Invested capital?

2 Likes 1 Share

Re: Mutual Funds by emmasoft(m): 8:59pm On Aug 29, 2024

Take advantage of High Rate investment in Norrenberger MMF
The rate is currently 24.53%

Complete the attached form to open an account for free.

2 Likes 1 Share

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