₦airaland Forum

Batman2412:
The fund manager will do it for you by default after each quarter

It didn't rollover as I saw the accrued interest seated in my cash account and a new accrued interest started again from zero. Principal is only showing the initial funds with no added interest.

What happens if withdrawal hasn't reflected yet.
Its gon pass 48hrs

Rhyah:
It didn't rollover as I saw the accrued interest seated in my cash account and a new accrued interest started again from zero. Principal is only showing the initial funds with no added interest.

What that means is that it's either you did not instruct them to roll over your interests from the beginning or they is an oversight on their part. So, what you have to do now is mail them a fresh instruction to do it. Then send/deposit the one in your account to them Mutual Fund account. That's all

I want to know more about the Sterling Recurring Deposit Account.

freeman67:
What that means is that it's either you did not instruct them to roll over your interests from the beginning or they is an oversight on their part. So, what you have to do now is mail them a fresh instruction to do it. Then send/deposit the one in your account to them Mutual Fund account. That's all

Ok...thanks

Mine got reinvested earlier today and new accrued interest is reading. Try and check again. Please note that Ucap mmf accrued interest is reinvested by default unless you instruct otherwise.

Rhyah:
It didn't rollover as I saw the accrued interest seated in my cash account and a new accrued interest started again from zero. Principal is only showing the initial funds with no added interest.

Rhyah:
It didn't rollover as I saw the accrued interest seated in my cash account and a new accrued interest started again from zero. Principal is only showing the initial funds with no added interest.

Same thing that happened to my USD funds in norrenberger

This new "auto save" feature on the stanbic MMF, what is it about pls? cc :emmasoft

Gadgetking:
This new "auto save" feature on the stanbic MMF, what is it about pls? cc :emmasoft

As the name implies automatic save is a feature that enable you to automate your regular top up so that you don't need to be manaully doing transfer anytime you wish to top up. It's achievable if you plan to top up regularly at a particular date. it's just like giving your bank a mandate to make payment on your behalf.

emmasoft:
As the name implies automatic save is a feature that enable you to automate your regular top up so that you don't need to be manaully doing transfer anytime you wish to top up. It's achievable if you plan to top up regularly at a particular date. it's just like giving your bank a mandate to make payment on your behalf.

Thanks for the clarification

I just had a funny and wonderful experience with Stanbic MMF.

I placed a redemption request on 2nd October @ 1pm. I assumed the account I set up for redemption is GTB and I've been expecting the alert since 3rd October on my GTB account, because I placed the withdrawal late and I don't expect them to handle the request on the same day.

Today being 7th I was already calling their Customer Service while going through my email to confirm again before they answer the call because this was strange. They always handle requests as early as possible.

I kept scrolling until I saw an alert from Stanbic on that same 2nd of October by 4pm. The transfer was done to my Stanbic savings account.

I was surprised because this didn't take them up to 24 hours to send the funds to me. It took them only 3 hours.

I had to quickly end the call before they answer. Lol

Thank God for Stanbic MMF. Good job to Stanbic MMF team.

VeeInsider:
I just had a funny and wonderful experience with Stanbic MMF.

I placed a redemption request on 2nd October @ 1pm. I assumed the account I set up for redemption is GTB and I've been expecting the alert since 3rd October on my GTB account, because I placed the withdrawal late and I don't expect them to handle the request on the same day.

Today being 7th I was already calling their Customer Service while going through my email to confirm again before they answer the call because this was strange. They always handle requests as early as possible.

I kept scrolling until I saw an alert from Stanbic on that same 2nd of October by 4pm. The transfer was done to my Stanbic savings account.

I was surprised because this didn't take them up to 24 hours to send the funds to me. It took them only 3 hours.

I had to quickly end the call before they answer. Lol

Thank God for Stanbic MMF. Good job to Stanbic MMF team.

Crediting your account same day is one of their strongest points. Once all your security details are well set up and correct you will not have issues with them on that.

just asking, between Stanbic IBTC Money Market Fund Tier 1 and 3 which is advisable to start with?

donstevewrites:
just asking, between Stanbic IBTC Money Market Fund Tier 1 and 3 which is advisable to start with?

Tier 1 account
Minimum kyc requirement
Account can't have more than 200k
Maximum per deposit 20k
This account is for financial inclusion.

Tier 3 account
Full kyc documents required
No limitations/restrictions whether deposit or size of account
Investors can deposit any amount and the account can hold as much as billions.

Don't let your money be relaxing while you work rather make your money work hard while you relax

Invest in low risk investment options with Norrenberger
see attached rates and account opening form.

emmasoft:
Don't let your money be relaxing while you work rather make your money work hard while you relax

Invest in low risk investment options with Norrenberger
see attached rates and account opening form.

The bid price is now 103.20... meanwhile i bought some unit at 105.05 on 23-sept.

I don't understand, did the price fall or what happened?

vefexam:
The bid price is now 103.20... meanwhile i bought some unit at 105.05 on 23-sept.

I don't understand, did the price fall or what happened?

This is what happened, for a price based mutual fund like the NDF, the amount of dividend paid per unit is always deducted from the current price of a unit of the fund. This is the industrial practice, it's just like stocks when companies declare dividend, at mark down dates, the dividend per share is deducted from the current stock price.

is it advisable

emmasoft:
This is what happened, for a price based mutual fund like the NDF, the amount of dividend paid per unit is always deducted from the current price of a unit of the fund. This is the industrial practice, it's just like stocks when companies declare dividend, at mark down dates, the dividend per share is deducted from the current stock price.

WHOA!!!

I didn't know this ooo

another question?
What now happens to the gains made from price appreciate. Earlier i noticed that i was making some daily gain and when they paid the dividend on 1st of Oct., i stop seeing it and the prevouse gain disappeared.

Also are you affliated with morgan capital stock broker, i wanna start trading the NGX.

tagonn077:
is it advisable for one to use apps like bamboo and the rest fintech apps to buy MMF or make use of the traditional ones like Stanbic IMF, United Capital, and the likes to buy.
Men dem please I need your input.

I believe those apps uses traditional MMF firms to manage and transact except cowary or what are they called, i think they have an asset management firm.

To have rest of mind, just buy from the source (Traditional MMF firms)

vefexam:
WHOA!!!

I didn't know this ooo

another question?
What now happens to the gains made from price appreciate. Earlier i noticed that i was making some daily gain and when they paid the dividend on 1st of Oct., i stop seeing it and the prevouse gain disappeared.

Also are you affliated with morgan capital stock broker, i wanna start trading the NGX.

The gain is to let you know how your fund is doing as in what you stand to gain for any reason you wish to liquidate at the given price.

I'm a sales Rep with Investment one stockbrokers.
You have online access to trade live with the web portal or Investment one app.

Click the 3rd link to open account for free.

tagonn077:
is it advisable for one to use apps like bamboo and the rest fintech apps to buy MMF or make use of the traditional ones like Stanbic IMF, United Capital, and the likes to buy.
Men dem please I need your input.

To invest in MMF you don't need to go through a third party since the fund managers themselves have web portal and app to monitor your account.
To open stanbic MMF click the first link on my signature to open account for free.
When you click the link, pick tier 3 as the type of account. You will also need a utility bill that bears your name or use NIN slip in place of your utility bill that bears your name

emmasoft:
To invest in MMF you don't need to go through a third party since the fund managers themselves have web portal and app to monitor your account.
To open stanbic MMF click the first link on my signature to open account for free.
When you click the link, pick tier 3 as the type of account. You will also need a utility bill that bears your name or use NIN slip in place of your utility bill that bears your name

I have just registered using your link. Got s mail from stanbic to complete review.

Elegantmoe:
I have just registered using your link. Got s mail from stanbic to complete review.

Okay. Welcome onboard. By tomorrow you will get your e-account number if no kyc issues, then you can start investing using your e-account number as the narration when you make your transfer from any of your bank account. It's after your first deposit you will be sent a link and a password which you are required to change upon your first login.
It's always advisable to login first using the web portal (the sent link ) and change the given password, you can download the app and use the same credntials to login to the app, you will not need fresh registration on the app.

emmasoft:
Okay. Welcome onboard. By tomorrow you will get your e-account number if no kyc issues, then you can start investing using your e-account number as the narration when you make your transfer from any of your bank account. It's after your first deposit you will be sent a link and a password which you are required to change upon your first login.
It's always advisable to login first using the web portal (the sent link ) and change the given password, you can download the app and use the same credntials to login to the app, you will not need fresh registration on the app.

Okay, thanks very much.

A few weeks ago, some people were complaining that the referral link for StanbicIBTC was useless and that the asset managers does not reward for referals, I have to state that it is not true, because just a few days ago, someone from here registered using my referal code and my points has been increasing over time (I think whenever the person funds their account), I remember I signed up using Emmasoft's link and I am paying it forward and saying please register with my link and may God continue to flourish the balance of that aunty so that she will be investing more. Good Afternoon oga Emmasoft

https://www.stanbicibtcfundsmanagement.com/invest-now-4b5rly98

tagonn077:
is it advisable for one to use apps like bamboo and the rest fintech apps to buy MMF or make use of the traditional ones like Stanbic IMF, United Capital, and the likes to buy.
Men dem please I need your input.

Traditional is BEST though even the traditional have some apps and good websites.

Good morning everyone, please can someone explain to me in "detail" what Stanbic money market fund is all about?
2. What is their interest rate?
3. Can I deposit a large sum in the account at once and leave it there OR do I have to be depositing the money bits by bits?
4. Can I also withdraw all my money or some part of it whenever I want?

Thank you so much.

Amycanada:
Good morning everyone, please can someone explain to me in "detail" what Stanbic money market fund is all about?
2. What is their interest rate?
3. Can I deposit a large sum in the account at once and leave it there OR do I have to be depositing the money bits by bits?
4. Can I also withdraw all my money or some part of it whenever I want?

Thank you so much.

StanbicIBTC Money market fund is a form of investment where you keep your money to beat the high inflation in Nigeia, that is, you get returns on the investment based on a set rate that changes according to the CBN monetary polic rate.

So in simpler terms, you deposit your money with Stanbic IBTC Assset managers and they help you grow your funds. it is a low risk investment because the MONEY MARKET MUTUAL FUNDS (emphasis on money market mutual funds), invests primarily on Tbills and govt bonds wich has very low chances of default except the Nigerian government does not exist anymore. There are other mutual fund investments that are medium and high risk, but as a beginner you are encouraged to stick to the money market mutual fund.

The current rate is currently about 20% (banks pay you about 6 % on your deposits if you leave your money in traditonal savings accounts).
You can do a minimum investment deposit of 5000 naira and up to a trillion .
You can choose to deposit your money in bits and bits if you so choose or in one lump sum.
yes, you can withdraw the money whenever you want, you have to submit a withdrawal request and the managers will effect in in 1 or 2 business working days back to the account you provided to them during your registration.

I encourage you to use my referral link to register and if you have any questions you can drop it hear.

https://www.stanbicibtcfundsmanagement.com/invest-now-4b5rly98

Please, the 20% interest rate, is it annually? And how is the interest paid, monthly?

Obinnau:
StanbicIBTC Money market fund is a form of investment where you keep your money to beat the high inflation in Nigeia, that is, you get returns on the investment based on a set rate that changes according to the CBN monetary polic rate.

So in simpler terms, you deposit your money with Stanbic IBTC Assset managers and they help you grow your funds. it is a low risk investment because the MONEY MARKET MUTUAL FUNDS (emphasis on money market mutual funds), invests primarily on Tbills and govt bonds wich has very low chances of default except the Nigerian government does not exist anymore. There are other mutual fund investments that are medium and high risk, but as a beginner you are encouraged to stick to the money market mutual fund.

The current rate is currently about 20% (banks pay you about 6 % on your deposits if you leave your money in traditonal savings accounts).
You can do a minimum investment deposit of 5000 naira and up to a trillion .
You can choose to deposit your money in bits and bits if you so choose or in one lump sum.
yes, you can withdraw the money whenever you want, you have to submit a withdrawal request and the managers will effect in in 1 or 2 business working days back to the account you provided to them during your registration.

I encourage you to use my referral link to register and if you have any questions you can drop it hear.

https://www.stanbicibtcfundsmanagement.com/invest-now-4b5rly98