₦airaland Forum

Ibrahim505:
The current return from Coronation mmf of iiinvest is o%.
Be thankful of yours.

0%…What does this mean? I don’t understand.

Ibrahim505:
The current return from Coronation mmf of iiinvest is o%.
Be thankful of yours.

Why is it 0%

Neurotika:
0%…What does this mean? I don’t understand.

It persist for almost 4 days.
Perhaps, the collaboration is no longer working.

RonuMiscreant:
Why is it 0%

Perhaps there's dispute between them. However, I liquidated my available cash out yesterday and I was credited within the first hour.

Ibrahim505:
Perhaps there's dispute between them. However, I liquidated my available cash out yesterday and I was credited within the first hour.

what dispute

Please is Risevest registered with any regulatory in Nigeria or anywhere.I mean like SEC in Nigeria?

Ibrahim505:
Perhaps there's dispute between them. However, I liquidated my available cash out yesterday and I was credited within the first hour.

You simply overreacted😅. Iinvest app doesn’t do real-time update on Coronation MMF rates since they are third party so the 0% showing for 4 days just signified that they didn’t know the real-time defined rate for those days, you can see this info if you click on the MMF. The displayed rate is always updated like twice a week circa 20-24% range. Anyway the security of your money is more important than ROI so your decision was for the best (due to your uncertainty).
Attached below is the current rate showing (personally I just take 20-22% on average to calculate my expected quarterly interest and have never been shortchanged).

USAfall2024:
You simply overreacted😅. Iinvest app doesn’t do real-time update on Coronation MMF rates since they are third party so the 0% showing for 4 days just signified that they didn’t know the real-time defined rate for those days, you can see this info if you click on the MMF. The displayed rate is always updated like twice a week circa 20-24% range. Anyway the security of your money is more important than ROI so your decision was for the best (due to your uncertainty).
Attached below is the current rate showing (personally I just take 20-22% on average to calculate my expected quarterly interest and have never been shortchanged).

Nice update. Its now reading 22.88%

emmasoft:
MMF rates is not fixed because is daily valued, This is how MMF works globally and more so because it's not tenor based so investors get their returns based on when they entered and exited the fund.

Some reasons why I will Prefer MMF to Tbills

You can start mmf with much lower amount compared to tbills. With 5,000 you can start investing in Stabbic mmf. The least for tbills is 100k.

When rate increases, it will not affect already invested funds in tbills but it does with mmf

You can't top up with tbills. Top up is very possible with mmf even if you want daily top up.

Terminating before tenor expiration in tbills comes with penalties. For mmf after just 30 days, exit is without penalties.

mmf has other instruments like commercial papers that contributes to its rate.

You can easily automate reinvestment of interest in mmf ie taking advantage of the power of compound interest.

It's the investor that determines mmf tenor hence you can hold mmf as long as you wish no restrictions, tbills particularly primary auction has fixed tenors 3 months, 6 months or 1 year.

Right now mmf rates is on the rise.

However, that is not to say Tbills is a bad investment. The one you pick MMF or TBills actually depends on the reason for investing among other factors which most times are peculiar to the investor.

Bro, a friend started Stanbic mmf recently using your link, she needed money and wanted liquidate her money but a pop up shows that 100k of the money is on lien. She could not access all. So 100k was kept in the account and was denied her. Pls I have not experienced this before and know nothing to Tel her.

Hopez456:
Bro, a friend started Stanbic mmf recently using your link, she needed money and wanted liquidate her money but a pop up shows that 100k of the money is on lien. She could not access all. So 100k was kept in the account and was denied her. Pls I have not experienced this before and know nothing to Tel her.

MMF does not place a lien on any capital. The only message that can pop up when liquidating is to inform you that there will be 20% charge on any amount that is not up to 30 days in the total amount she is withdrawing except it's another type of mutual fund.

She can reach out to me or to customer care.

emmasoft:
MMF dies not place a lien on any capital. The only message that can pop up when liquidating is to inform you that there will be 20% charge on any amount that is not up to 30 days in the total amount she is withdrawing except it's another type of mutual fund.

She can reach out to me or to customer care.

Thank you for your response.

emmasoft:
Your money is safe, no matter how long you keep your money in MMF. The truth is that many investors uses MMF as personal pension. I know clients who have been in MMF for more than 10 years and still running. Some clients that started from the inception of stanbic MMF are still there.

As already emphasised here, MMF remains a low risk investment any were in the world.
If you want to go along with stanbic MMF, click the first link on my signature to complete the online form.
Pick tier3 when you get to that point on the form.

You can also reach me through the number on my signature.

Thank you for all you do.

emmasoft:
MMF does not place a lien on any capital. The only message that can pop up when liquidating is to inform you that there will be 20% charge on any amount that is not up to 30 days in the total amount she is withdrawing except it's another type of mutual fund.

She can reach out to me or to customer care.

she contacted Cc. they told her that the lien amount was as a result of a transfer done to her account by a third party. Because the name didn't match her name,that's why they lien that amout. To resolve, they requested for the transaction receipt.

Hopez456:
she contacted Cc. they told her that the lien amount was as a result of a transfer done to her account by a third party. Because the name didn't match her name,that's why they lien that amout. To resolve, they requested for the transaction receipt.

Okay. This also apply if you as a customer do a transfer and your e-account was not stated as narration, the evidence of payment should also be sent to the customer care otherwise it's not necessary.

emmasoft:
Okay. This also apply if you as a customer do a transfer and your e-account was not stated as narration, the evidence of payment should also be sent to the customer care otherwise it's not necessary.

Well, it is noted. But currently, I'm pissed with Stanbic. Their onboarding and communication process is not what it should be. For instance, I registered with them, provided necessary details and KYC documents via the online portal and have been crediting my account steadily amounting to millions of Naira, they never send a mail that my account is in tier 1. I requested for redemption for over 24hrs, it was not processed. Same KYC details I provided other mmf operators, I used to redeem and was credited with 3hrs.

I put a call across to Stanbic to enquire why my redemption was not processed, they told me my KYC is incomplete blabla, they sent me amother onboarding form and that I should provide my KYC details all again.

This is so annoying, why wasn't I informed all these while that my account is in tier 1? Meanwhile I have provided all of these via the online portal.

And I urgently need the money cos after sending them the KYC details again and following up with call, they said 48hrs to process KYC. Same thing is happening to a friend . This is very annoying.

Neurotika:
Negative returns are getting higher too. Stanbic and those still on 20% should do better…

FBN quest still stands out. They are the best when it comes to daily accrual /interest the last two years.

I have Ucap, Stanbic, quantum zenith, norrenberger.

FBN QUEST stands out

Hopez456:
Well, it is noted. But currently, I'm pissed with Stanbic. Their onboarding and communication process is not what it should be. For instance, I registered with them, provided necessary details and KYC documents via the online portal and have been crediting my account steadily amounting to millions of Naira, they never send a mail that my account is in tier 1. I requested for redemption for over 24hrs, it was not processed. Same KYC details I provided other mmf operators, I used to redeem and was credited with 3hrs.

I put a call across to Stanbic to enquire why my redemption was not processed, they told me my KYC is incomplete blabla, they sent me amother onboarding form and that I should provide my KYC details all again.

This is so annoying, why wasn't I informed all these while that my account is in tier 1? Meanwhile I have provided all of these via the online portal.

And I urgently need the money cos after sending them the KYC details again and following up with call, they said 48hrs to process KYC. Same thing is happening to a friend . This is very annoying.

I'm sure your concerns are getting attention as discussed.

uwaifou:
FBN quest still stands out. They are the best when it comes to daily accrual /interest the two years.

I have Ucap, Stanbic, quantum zenith, norrenberger. FBN QUEST stands out

Pls how long have you been using them? Do they offer daily interest remittance that’s easy to track through their app, good customer service, and quarterly compounding of interest? I’ll appreciate an objective evaluation pls.

Pls does anyone here use fsdh for money market?

emmasoft:
I'm sure your concerns are getting attention as discussed.

Thank you so much sir. Talking to you was so much a relief, and as you mentioned, my account was upgraded and my fund transferred to my bank account this evening.

Hopez456:
Thank you so much sir. Talking to you was so much a relief, and as you mentioned, my account was upgraded and my fund transferred to my bank account this evening.

@Hopez456 I'm glad for this positive feedback. Thank God everything ended well.

Hello everyone,

I was hoping to see some market outlooks from our fund managers, but I haven't come across any. I'd like to share my own outlook for the year.

Currency:Given Nigeria's import dependence, exchange rates are crucial. With significant investments incoming in the oil and gas sector, I expect dollar inflows, leading to a relatively stable exchange rate. Devaluation might be limited to 10-15%.

Rates: I believe current high rates are unsustainable, especially for the government. I predict a rate cut, possibly in Q3.

Equities:If exchange rates remain stable, I see the equity market outperforming fixed income. My top picks are financials, oil and gas, and telecoms.

Investment Strategy:

- Low-risk investors: Consider bonds (savings bonds, Treasury bills) for long-term and short-term goals and 40% money market fund.
- Average-risk investors: Allocate 20% to equities, 30% to bonds, 30% to money market, and 20% to Treasury bills/commercial papers.
- High-risk investors: Allocate 15% to equity mutual funds, 10% to savings bonds, 10% to Treasury bills 15% money market fund, and 50% to stocks.

I'd love to hear from our experienced investors and fund managers. Please share your insights!

Disclaimer: This is my personal opinion and not investment advice. Please consult your investment advisor before making any decisions.

USAfall2024:
You simply overreacted😅. Iinvest app doesn’t do real-time update on Coronation MMF rates since they are third party so the 0% showing for 4 days just signified that they didn’t know the real-time defined rate for those days, you can see this info if you click on the MMF. The displayed rate is always updated like twice a week circa 20-24% range. Anyway the security of your money is more important than ROI so your decision was for the best (due to your uncertainty).
Attached below is the current rate showing (personally I just take 20-22% on average to calculate my expected quarterly interest and have never been shortchanged).

Hello,

PLease how long have you been using Invest?

uwaifou:
FBN quest still stands out. They are the best when it comes to daily accrual /interest the two years.

I have Ucap, Stanbic, quantum zenith, norrenberger. FBN QUEST stands out

Woow.. Am surprised at this feedback because i sent them a mail for 2 weeks no response.

I have an account with them i was looking resuscitate it.

Thank you for this list.. i was looking to share my risk too and this names are very good recommendations.

Good day all. I'm a newbie and I have following thins thread for some days now. I want to ask, is it possible for someone to loose money in this mutual fund investment?
Also, what is the best fund manager to use?
I see a lot of complaints about stanbic ibtc.

ManAdii:
Good day all. I'm a newbie and I have following thins thread for some days now. I want to ask, is it possible for someone to loose money in this mutual fund investment?
Also, what is the best fund manager to use?
I see a lot of complaints about stanbic ibtc.

To your first question the answer is YES and NO.

Yes, if the mutual fund is equity base or balance fund. Basically the underlying assets determine the risk involved in any mutual fund.

No, if the mutual fund is money market fund. It's not possible to lose money here because the underlying asset is basically treaury bills.

The word best is relative so it will not be possible to just say a particular fund manager is the best. Different customers have different experiences with different managers. Customers rate managers base on what they are looking at for - rate, customer service, online presence and easy of navigation etc.

You can chat me up if you need more guide.
By the way I use and represents Stanbic, Norrenberger and SFS capital.

ernie4life:
Hello everyone,

I was hoping to see some market outlooks from our fund managers, but I haven't come across any. I'd like to share my own outlook for the year.

Currency:Given Nigeria's import dependence, exchange rates are crucial. With significant investments incoming in the oil and gas sector, I expect dollar inflows, leading to a relatively stable exchange rate. Devaluation might be limited to 10-15%.

Rates: I believe current high rates are unsustainable, especially for the government. I predict a rate cut, possibly in Q3.

Equities:If exchange rates remain stable, I see the equity market outperforming fixed income. My top picks are financials, oil and gas, and telecoms.

Investment Strategy:

- Low-risk investors: Consider bonds (savings bonds, Treasury bills) for long-term and short-term goals and 40% money market fund.
- Average-risk investors: Allocate 20% to equities, 30% to bonds, 30% to money market, and 20% to Treasury bills/commercial papers.
- High-risk investors: Allocate 15% to equity mutual funds, 10% to savings bonds, 10% to Treasury bills 15% money market fund, and 50% to stocks.

I'd love to hear from our experienced investors and fund managers. Please share your insights!

Disclaimer: This is my personal opinion and not investment advice. Please consult your investment advisor before making any decisions.

@ernie4life, great post. You said it all as per your outlook on both the fixed income and stock investments. To a large extent the outlook looks positive this year.

However, to benefit in any situation in the economy, individual investor must stick to their investment objectives and invest in what aligns with their risk tolerance.

temi4fash:
Hello,

PLease how long have you been using Invest?

Roughly 2 years.

SEC warns Nigerians against Risevest

https://nairametrics.com/2025/01/26/sec-warns-nigerians-against-investing-in-risevest-and-stecs/

Which is better tbills or mutual fund

David6956:
Which is better tbills or mutual fund

@David6956, both are good and fall under low risk investment, Your objectives for investing will determine which to invest in. For most consevative investors they do both.
check the page before the current page of this thread to see my two posts - Why I prefer MMF to TBills
and How investor put MMF to work it could help.

You can reach out to me if you need more guide on this.

Hopez456:
Well, it is noted. But currently, I'm pissed with Stanbic. Their onboarding and communication process is not what it should be. For instance, I registered with them, provided necessary details and KYC documents via the online portal and have been crediting my account steadily amounting to millions of Naira, they never send a mail that my account is in tier 1. I requested for redemption for over 24hrs, it was not processed. Same KYC details I provided other mmf operators, I used to redeem and was credited with 3hrs.

I put a call across to Stanbic to enquire why my redemption was not processed, they told me my KYC is incomplete blabla, they sent me amother onboarding form and that I should provide my KYC details all again.

This is so annoying, why wasn't I informed all these while that my account is in tier 1? Meanwhile I have provided all of these via the online portal.

And I urgently need the money cos after sending them the KYC details again and following up with call, they said 48hrs to process KYC. Same thing is happening to a friend . This is very annoying.

Started my investment journey years ago with Stanbic. This was the same reason I just opted to close my account with them and moved to AXA Mansard.