₦airaland Forum

Obinnau:
dear emmasoft, Please what is the current rate for Norrenberger dollar fund?

Find attached the current rates for all the different funds under Norrenberger.

The account opening form for the different products is also attached.
You can contact me if you need more details.

Please, is it possible to have two mutual fund accounts (particularly for MMF) with a manager? Specifically for Stanbic IBTC and FBNQUEST.

If yes, will I need to fill separate and/or new forms?

Thank you.

olig:
Please, is it possible to have two mutual fund accounts (particularly for MMF) with a manager? Specifically for Stanbic IBTC and FBNQUEST.

If yes, will I need to fill separate and/or new forms?

Thank you.

as many as your heart desire. You will follow each firm's account opening process. BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc) , except duplication is your goal.

Thank you very much.

To be clearer.

I have mutual fund accounts with several managers. I have subscribed to almost entirely money market fund (MMF).

I now need another mutual fund account for a separate money market fund investment. This is not entirely my own money. Thus, I want it separate from my main account and money.

So, can I have another account for money market fund with stanbic and FBN for instance, despite having one in that category before?

Hogwarthtrades:
as many as your heart desire. You will follow each firm's account opening process. BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc) , except duplication is your goal.

olig:
Please, is it possible to have two mutual fund accounts (particularly for MMF) with a manager? Specifically for Stanbic IBTC and FBNQUEST.

If yes, will I need to fill separate and/or new forms?

Thank you.

It's possible. Check also the answer to someone that asked similar question. Check page 335 that was 20th Sep. post.

Thank you

emmasoft:
It's possible. Check also the answer to someone that asked similar question. Check page 335 that was 20th Sep. post.

olig:
Thank you very much.

To be clearer.

I have mutual fund accounts with several managers. I have subscribed to almost entirely money market fund (MMF).

I now need another mutual fund account for a separate money market fund investment. This is not entirely my own money. Thus, I want it separate from my main account and money.

So, can I have another account for money market fund with stanbic and FBN for instance, despite having one in that category before?

You should be able to do that.

Anybody saw what Bankly MFM is offering on their FB? 35% return on first deposit?

Hogwarthtrades:
as many as your heart desire. You will follow each firm's account opening process. BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc) , except duplication is your goal.

Is it possible to get the break down of a mutual funds underlying instruments ie what kind of Treasury bills, deposit funds etc?

Obinnau:
You can sign him up using my referral link
https://www.stanbicibtcfundsmanagement.com/invest-now-4b5rly98
contact me if you need further assistance.

For the dollar fund, I am seeing $1.54 per unit. Is that a monthly return on every $100 invested.

vefexam:
Is it possible to get the break down of a mutual funds underlying instruments ie what kind of Treasury bills, deposit funds etc?

It's possible to get the information. Ask the brokerage firm of your choice you are trying to open an account with to provide you the information.

vefexam:
Is it possible to get the break down of a mutual funds underlying instruments ie what kind of Treasury bills, deposit funds etc?

By the time you register and invest, you become a customer of the fund manager and as a customer, the funds factsheet will be sent to you at the end of every month, in that document you will see the percentages of the different underlying assets that make up the fund.

emmasoft:
By the time you register and invest, you become a customer of the fund manager and as a customer, the funds factsheet will be sent to you at the end of every month, in that document you will see the percentages of the different underlying assets that make up the fund.

I usually recieve that...

As Hogwarthtrades said and i quote, "BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc)"

I tot i could know (from norrenberger July Dollar fund stats) which kind of Corporate Eurobonds 25.77%, Sovereign Eurobonds 48.97% etc makes up that percentage allocation to avoid duplication.

vefexam:
I usually recieve that...

As Hogwarthtrades said and i quote, "BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc)"

I tot i could know (from norrenberger July Dollar fund stats) which kind of Corporate Eurobonds 25.77%, Sovereign Eurobonds 48.97% etc makes up that percentage allocation to avoid duplication.

The funds factsheet is always reported in that format from all fund managers.

Please note, when it comes to mutual funds the returns is combination of all the returns of the underlying assets. Mode of operations, payment of returns from mutual funds and individual stocks or bonds differs.

For example a balance fund that has stocks, money market instruments or even real estate cannot be having same returns as in buying an individual stock or bonds, again, the returns are not paid the same time, Mutual funds have a particular time of returns payment, if for example you have GTCO as a stock, and the mutual funds you are invested in has GTCO plus other assets, you would have receive an interim dividend from GTCO but the fund where GTCO is an underlying assets will still pay dividend say by December or anytime specified for dividend payment.
The truth is that most of the assets that you judge to be good enough to invest in is the same assets that fund managers go for with little or no difference depending on the overall objectives and nature of the particular fund.

Yall be careful doing dollar fund investment. Imagine a drop in dollar price. It will affect your investment.
I will advise you invest in naira mmf. Stay safe and do your own research

MrNovo:
For the dollar fund, I am seeing $1.54 per unit. Is that a monthly return on every $100 invested.

Susantice:
Yall be careful doing dollar fund investment. Imagine a drop in dollar price. It will affect your investment.
I will advise you invest in naira mmf. Stay safe and do your own research

Hahahaha imagine a drop in dollar. We are still imagining o

Imagine dragon.

Please who can help me with 5k
I didn't make any sales this month



I am into insurance and fixed deposit.

thanks

emmasoft:
It's possible. Check also the answer to someone that asked similar question. Check page 335 that was 20th Sep. post.

Good evening emmasoft...
Please how long does it take to open mmf for my 4 kids, I have sent the necessary requirements and filled out the forms for them since the first week of Sept but I ain't getting any satisfactory response. I used a 3rd party though

emmasoft:
The funds factsheet is always reported in that format from all fund managers.

Please note, when it comes to mutual funds the returns is combination of all the returns of the underlying assets. Mode of operations, payment of returns from mutual funds and individual stocks or bonds differs.

For example a balance fund that has stocks, money market instruments or even real estate cannot be having same returns as in buying an individual stock or bonds, again, the returns are not paid the same time, Mutual funds have a particular time of returns payment, if for example you have GTCO as a stock, and the mutual funds you are invested in has GTCO plus other assets, you would have receive an interim dividend from GTCO but the fund where GTCO is an underlying assets will still pay dividend say by December or anytime specified for dividend payment.
The truth is that most of the assets that you judge to be good enough to invest in is the same assets that fund managers go for with little or no difference depending on the overall objectives and nature of the particular fund.

So in summary, there is little to no point in investing in individual security classes... Just invest in MMF, since it's spread around individual security classes.

vefexam:
So in summary, there is little to no point in investing in individual security classes... Just invest in MMF, since it's spread around individual security classes.

It depends on the mutual fund you are investing in. Mutual funds are classified base on the underlying assets. Most investors that don't have the time to follow up with the market and want professionals to manage their investment usually go for mutual funds.

Personally, I always advice my clients to buy individual stocks than investing in equity base mutual funds because it's the same risk that is involved. Mutual funds like MMF and fixed income are good because it's less risky and very convenient especially if you don't have bulk funds and one need to build the investment gradually.

starbuck:
Good evening emmasoft...
Please how long does it take to open mmf for my 4 kids, I have sent the necessary requirements and filled out the forms for them since the first week of Sept but I ain't getting any satisfactory response. I used a 3rd party though

Opening account for both adult and minors takes 24hrs if no kyc issues.

I don't understand what you mean by 3rd party.
In any case you can chat me up. Check my signature for my contact.

Axa mansard investment new rates

starbuck:
Good evening emmasoft...
Please how long does it take to open mmf for my 4 kids, I have sent the necessary requirements and filled out the forms for them since the first week of Sept but I ain't getting any satisfactory response. I used a 3rd party though

Why not go directly to the firm and open the MMF account, why go through a 3rd party?

In all your getting, get financial independence it will prevent a lot of troubles!

To Start your journey to financial independence with mutual funds or Stocks click the link on my signature or contact me.

emmasoft:
In all your getting, get financial independence it will prevent a lot of troubles!

To Start your journey to financial independence with mutual funds or Stocks click the link on my signature or contact me.

Hello Oga Emma, Can a third party make deposits into Stanbic MMF account quoting the account holder reference no even a newly opened account?

Hopez456:
Hello Oga Emma, Can a third party make deposits into Stanbic MMF account quoting the account holder reference no even a newly opened account?

Yes, it's possible. However, ask the depositor to send you the transfer evidence and the account holder in turn send the evidence with the registered email to stanbic customer care.

emmasoft:
Yes, it's possible. However, ask the depositor to send you the transfer evidence and the account holder in turn send the evidence with the registered email to stanbic customer care.

Alright thanks.

Hello everyone!

I wanted to transfer 10k dolls from my access bank account to Stanbic dollar fund account but the teller guy told me they will charge me USD93 extra for the transfer. I had to put it on hold.

I intend to invest this amount for 6 months to sort japa plans next year but I don't if it's worth investing it in Stanbic dollar funds or just keep it in my account till then.

Please house, how do I fund the Stanbic dollar mutual fund without paying thay exorbitant charges? Or any other advice?

leks4sure:
Hello everyone!

I wanted to transfer 10k dolls from my access bank account to Stanbic dollar fund account but the teller guy told me they will charge me USD93 extra for the transfer. I had to put it on hold.

I intend to invest this amount for 6 months to sort japa plans next year but I don't if it's worth investing it in Stanbic dollar funds or just keep it in my account till then.

Please house, how do I fund the Stanbic dollar mutual fund without paying thay exorbitant charges? Or any other advice?

Some Basic things about Dollar funds

Please note the following about the dollar fund in general the Stanbic and Norrenberger dollar fund in particular

- It's in the medium-risk category of mutual funds /investment

- it's not the same as MMF

- Your capital is not completely guaranteed as it's with MMF. That means one can lose capital but it's not common especially if you have a long-term view

- its price depends on the underlying asset which basically Eurobonds with varying prices

- the minimum holding period is 6 months.

- Everything about the investment is in dollars and must be by transfer.

- Having a long-term in view is the best way to benefit from a dollar fund.

- the major advantage is that it helps to hedge against inflation and devolution of local currency (naira)

I prefer the Norrenberger dollar fund because it has a better rate. currently 9.48% Stanbic is 7%+

Norrenberger also accepts dollar cash deposits.

They can also accept naira during the deposit, but the conversion rate is at their rate on the date of the investment.

The experienced will answer.

This is one of the reasons I am not doing dollar fund. Most banks does allow inter-bank transfers. That is a problem, and the charges are much. They basically treat it as if one is transferring offshore.

Anyway, you will still have a little left, since your principal (10k) is not too small.

You should also ask the fund manager if the charges for transfer (back to you) will not be billed on you when liquidating your investment. I don't know that.

leks4sure:
Hello everyone!

I wanted to transfer 10k dolls from my access bank account to Stanbic dollar fund account but the teller guy told me they will charge me USD93 extra for the transfer. I had to put it on hold.

I intend to invest this amount for 6 months to sort japa plans next year but I don't if it's worth investing it in Stanbic dollar funds or just keep it in my account till then.

Please house, how do I fund the Stanbic dollar mutual fund without paying thay exorbitant charges? Or any other advice?

Please, how I reinvest my MMF accrued interest without withdrawing it?

Asset manager is United Capital

The fund manager will do it for you by default after each quarter

Rhyah:
Please, how I reinvest my MMF accrued interest without withdrawing it?

Asset manager is United Capital