₦airaland Forum

Amycanada:
Good morning all, please when is the right time to request for the accrued interest and what's the process of requesting for it?
Thank you.

Which Asset Management company?. I use StanbicIBTC Asset Management as i can collect my interest at anytime by just the 'Redeem' feature on the portal.

Amycanada:
Good morning all, please when is the right time to request for the accrued interest and what's the process of requesting for it?
Thank you.

It actually depends on the Assets Management you are using, what you want and how you want it.

Most assets managers payout interests at the end of every quarter (End of March, June, September and December). Some customers/clients or investors would want their own interest reinvested while others want theirs paid to their accounts. If you want your interest paid to your bank account instead of reinvesting you can contact them for that.

Also, you can allow the to reinvest then you just redeem the accrued interest anytime you want.

NL1960:
Which Asset Management company?. I use StanbicIBTC Asset Management as i can collect my interest at anytime by just the 'Redeem' feature on the portal.

Stanbic ibtc Mutual fund

Stanbic ibtc

freeman67:
It actually depends on the Assets Management you are using, what you want and how you want it.

Most assets managers payout interests at the end of every quarter (End of March, June, September and December). Some customers/clients or investors would want their own interest reinvested while others want theirs paid to their accounts. If you want your interest paid to your bank account instead of reinvesting you can contact them for that.

Also, you can allow the to reinvest then you just redeem the accrued interest anytime you want.

Amycanada:
Stanbic ibtc

If you chose the 'Reinvest' option at opening, you will always see your interest there. You can withdraw using the 'Redeem' option on the portal.

NL1960:
If you chose the 'Reinvest' option at opening, you will always see your interest there. You can withdraw using the 'Redeem' option on the portal.

what's the interest rate on stanbic ibtc mutual fund?

OgogoroFreak:
what's the interest rate on stanbic ibtc mutual fund?

20.62%

https://www.stanbicibtcfundsmanagement.com/invest-now-4ev6leqy/

Hello Everyone, if I had $25,000 to invest. What would you advise I do? [I don't wanna convert the usd to Naira so it doesn't lose value]

Also, if I had 10m Naira to invest, what would you advise?

Put it in risevest real estate plan, it has a return of 13-15% annually.

CokeBar:
Hello Everyone, if I had $25,000 to invest. What would you advise I do? [I don't wanna convert the usd to Naira so it doesn't lose value]

Also, if I had 10m Naira to invest, what would you advise?

Shady92:
Put it in risevest real estate plan, it has a return of 13-15% annually.

15% when treasury bills gives from 18% and above

CokeBar:
Hello Everyone, if I had $25,000 to invest. What would you advise I do? [I don't wanna convert the usd to Naira so it doesn't lose value]

Also, if I had 10m Naira to invest, what would you advise?

For low risk tolerance investor
$10,000 invest in Investment one dollar placement
$15,000 invest in Norrenberger dollar fund
5m invest in stanbic MMF
5m invest in TBills for 1yr or Norrenberger MMF

For moderate/high risk tolerance investor
$10m Norrenberger dollar fund
$5m in investment one dollar placement
5m in GTCO shares
5M in Zenith shares

Does anyone know what the management fee is for Stanbic MMF? I've noticed a discrepancy between the interest earned and the current returns, and I'm assuming that the difference represents the fee. If that's the case, it seems quite high, especially considering the long-term implications.

Go to Anchoria Assets Mgt at Keffi and let them invest for you and thank me later. Or better still speak to me

CokeBar:
Hello Everyone, if I had $25,000 to invest. What would you advise I do? [I don't wanna convert the usd to Naira so it doesn't lose value]

Also, if I had 10m Naira to invest, what would you advise?

See the funds Factsheets from Norrenberger for the different Mutual funds for your perusal and investment decision

I have been trying to open mutual fund account with Stanbic but it seems I am not getting it right

I have been trying since last week

Adamma91:
I have been trying to open mutual fund account with Stanbic but it seems I am not getting it right

I have been trying since last week

Check this guy, @emmasoft profile and chat him. He will sort you out.

NL1960:
Check this guy, @emmasoft profile and chat him. He will sort you out.

thank you very much

I have contacted him

He has been of great help

does anyone use united capital (invest.now). i have been having issues with redemption. what are your opinions about invest.now

parisbookaddict:
does anyone use united capital (invest.now). i have been having issues with redemption. what are your opinions about invest.now

I use them and will say they are fair.

What I do while redeeming is that after I redeem from the app or web, I will also send them a mail about it immediately. Other times I will contact them on WhatsApp with my request details after redeeming on the app.

freeman67:
I use them and will say they are fair.

What I do while redeeming is that after I redeem from the app or web, I will also send them a mail about it immediately. Other times I will contact them on WhatsApp with my request details after redeeming on the app.

Their process is terrible. I have been waiting for my redemption for over 72 hours. is that normal for them

parisbookaddict:
Their process is terrible. I have been waiting for my redemption for over 72 hours. is that normal for them

It's not normal. Just contact them through WhatsApp and see. The longest redemption time I have had with them is 48hrs.

freeman67:
It actually depends on the Assets Management you are using, what you want and how you want it.

Most assets managers payout interests at the end of every quarter (End of March, June, September and December). Some customers/clients or investors would want their own interest reinvested while others want theirs paid to their accounts. If you want your interest paid to your bank account instead of reinvesting you can contact them for that.

Also, you can allow the to reinvest then you just redeem the accrued interest anytime you want.

is there any asset manager that allows monthly compounding of interest?

bharkarh:
is there any asset manager that allows monthly compounding of interest?

StabicIBTC Money Market and that is if you elect 'Reinvest Interest' when opening the account.

Check this guy, @emmasoft profile and chat him. He will give you more details.

NL1960:
StabicIBTC Money Market and that is if you elect 'Reinvest Interest' when opening the account.

Check this guy, @emmasoft profile and chat him. He will give you more details.

mr Emma has really being of help. Stanbic MMF compounds every 3 months

bharkarh:
is there any asset manager that allows monthly compounding of interest?

Yes, I think Stanbic IBTC compounding is monthly.

They are alright. I used to do redemption via email without any issues. I later started doing redemption via app and website. No issues. They are alright

parisbookaddict:
does anyone use united capital (invest.now). i have been having issues with redemption. what are your opinions about invest.now

freeman67:
Yes, I think Stanbic IBTC compounding is monthly.

it’s quarterly

freeman67:
Yes, I think Stanbic IBTC compounding is monthly.

quarterly

bharkarh:
it’s quarterly

Not true. I use Stanbic and at the end of every month my interest is added to my capital. The interest starts counting at the beginning of every month.

freeman67:
Not true. I use Stanbic and at the end of every month my interest is added to my capital. The interest starts counting at the beginning of every month.

I think those saying quarterly uses Stanbic too. That an interest is added to your balance doesn’t necessarily mean it’s allowed to compound. I’ve been seeing same returns for months now even though my balances have been increasing. Maybe different experiences sha…