₦airaland Forum

uwaifou:
U can only visit if only you are domicile in the same location, most assets managers do not have offices in most states

Well, except you’re not in Nigeria. Stanbic has branches in almost all the states if I’m not mistaken.

xcitedjay:
21.7% as at 2 Feb 25.

Okay, thanks for the feedback

pls,
What percentage is FBN Quest giving today for mmf??

secondly,
between Treasury Bills & mmf,
which gives better interest rate??

Neurotika:
Well, except you’re not in Nigeria. Stanbic has branches in almost all the states if I’m not mistaken.

Apart from Stanbic, pls name another two, when it comes to asset managers.
.

uwaifou:
Apart from Stanbic, pls name another two, when it comes to asset managers.
.

FBNquest, ARM….

Stanbic finally at 22%

Choice of MMF Managers

When it comes to MMF Managers it's like a case of people viewing the elephant from different sides. Each will report how the elephant looks like depending on the side they are viewing from.

When picking a fund manager, these are what to look at for:

If the firm and the product is registered with SEC
There is a Custodian bank
a Trustees
The rate for MMF is always in a range and it's daily valued. The rate of a firm may be high today, and could be down the next day. But once it's within the rage in the industry you are good to go.
All MMF benchmark their MMF rate with the 3 months TBills.

Most of the other things considered by customers of various firms are subjective and more of personal experiences and choices.

The safety of your money with any of the firm is not determined by the popularity or largeness of the firm.

All MMF has the same status irrespective of the fund managers whether the firm is just starting out or has been in business for years or in a bank holdco or not.

Let's be well guided.

I read you well.

But how is this mmf rate calculated??

How is it calculated per year & per day & per month??

I am seeing 20% here from IBTC,

is the 20% permanent throughout the year or does it go down??

How is this done??

quote author=emmasoft post=134055789]Choice of MMF Managers

When it comes to MMF Managers it's like a case of people viewing the elephant from different sides. Each will report how the elephant looks like depending on the side they are viewing from.

When picking a fund manager, these are what to look at for:

If the firm and the product is registered with SEC
There is a Custodian bank
a Trustees
The rate for MMF is always in a range and it's daily valued. The rate of a firm may be high today, and could be down the next day. But once it's within the rage in the industry you are good to go.
All MMF benchmark their MMF rate with the 3 months TBills.

Most of the other things considered by customers of various firms are subjective and more of personal experiences and choices.

The safety of your money with any of the firm is not determined by the popularity or largeness of the firm.

All MMF has the same status irrespective of the fund managers whether the firm is just starting out or has been in business for years or in a bank holdco or not.

Let's be well guided.[/quote]

Neurotika:
FBNquest, ARM….

Norrenberger is good for you. Especially the Dollar fund, it's currently 10.02%, that should be the best in the industry right.

Find account opening form attached to this post.

sky404:
I read you well.

But how is this mmf rate calculated??

How is it calculated per year & per day & per month??

I am seeing 20% here from IBTC,

is the 20% permanent throughout the year or does it go down??

How is this done??

quote author=emmasoft post=134055789]Choice of MMF Managers

Stanbic MMF is currently 22.01% and this is per annum. Calculated by using the simple interest formula. All government controlled investment is always per annum but are prorated accordingly base on the particular investment type. e.g Tbills protated to 3 months, 6 months etc.

In the case of MMF, it's prorated to daily and it's also daily valued such that the rate fluctuates base on the daily evalution of the underlying assets, currently the range of movement of the rate is bwtween 20 to 23.5% in the industry.

uwaifou:
Stanbic 2021
Quantum zenith 2yrs now
Norrenberger a year and a half ago
United capital same as above
FBN quest 2019

I have been fiddling with all and they all have one challenge or the other and i drew my conclusions and zored in on FBN quest the last two years.

My brother they really stand out

how do I register for Fbnquest?

Meklex:
how do I register for Fbnquest?

Contact their customer care service. fbnrelations@fbnquestmb.com
ccu@fbnquestmb.com

Does anyone know the reason for "access denied" while logging into stanbic ibtc mutual fund account?

uwaifou:
Contact their customer care service. fbnrelations@fbnquestmb.com
ccu@fbnquestmb.com

I'm trying to download the fbnquest app on play store to register & I'm seeing fbn edge. Is it same thing? Anyone else using fbnquest should kindly respond to this. Thanks

jayce232:
I'm trying to download the fbnquest app on play store to register & I'm seeing fbn edge. Is it same thing? Anyone else using fbnquest should kindly respond to this. Thanks

Yes. FBN edge is the app for FBN Assets management.

Yes. FBN edge to the app for FBN Assets management.

I have downloaded the FBN Quest App which is FBN edge,

But upon registration,
they are requesting my BVN & other details.

I am asking,
is it safe to fill out your BVN in an online App??
cos me I believe your BVN should be a confidential thing, never to be disclosed to anyone, let alone online Apps,
except you are within the Bank & asked to do so.

My tots, tho

freeman67:
Yes. FBN edge to the app for FBN Assets management.

They are asking for my BVN,
is it safe

sky404:
They are asking for my BVN,
is it safe

It's a financial institution app. You must provide some knowledge your customer (KYC) details. So yes it is safe.

freeman67:
Yes. FBN edge to the app for FBN Assets management.

Thanks

freeman67:
Yes. FBN edge to the app for FBN Assets management.

Hope fbn mmf mutual fund also payout interest quarterly?

jayce232:
Hope fbn mmf mutual fund also payout interest quarterly?

Yes. You can chose to receive it in your account every quarter or tell them to reinvest it if you want to compound it.

freeman67:
Yes. You can chose to receive it in your account every quarter or tell them to reinvest it if you want to compound it.

Thanks a lot

Good afternoon. Please can I invest with fBN mmf without having an account with them?

GodgraciousR:
Good afternoon. Please can I invest with fBN mmf without having an account with them?

Yes, you can. Its FBN quest asset management that runs mmf, and not FBN

please what is the ongoing rate now for Axa mansard (MMF)?

Naira and Dollar

Join the fast moving train with excellent customer service

invest in the Norrenberger MMF at 25.43%
Norrenberger Dollar fund at 9.67% the best in the industry

Fill the attached form to register or get in touch

emmasoft:
Join the fast moving train with excellent customer service

invest in the Norrenberger MMF at 25.43%
Norrenberger Dollar fund at 9.67% the best in the industry

Fill the attached form to register or get in touch

I just hope the tempo is sustained

emmasoft:
Join the fast moving train with excellent customer service

invest in the Norrenberger MMF at 25.43%
Norrenberger Dollar fund at 9.67% the best in the industry

Fill the attached form to register or get in touch

Norrenberger mmf seems to be the highest currently

jayce232:
Norrenberger mmf seems to be the highest currently

Norrenberger MMF is extremely good. Their customer care services is superb. Their operations are above it's peers.

LumenKrist:
Norrenberger MMF is extremely good. Their customer care services is superb. Their operations are above it's peers.

I hope they continue that way though.
I recall stanbic used to be that way back in the days

Everyone can invest

For those still procrastinating on investment because of the level of your income, note this:

Every income category can invest, it's only the amount that differs the rate is the same for a particular product.
You get as much as you put in.

I can't find the text with the list of MMF, but why is no one talking about Coronation MMF and even Equities, they are leading the market as the Number 1 Broker by Volume.

emmasoft:
Choice of MMF Managers

When it comes to MMF Managers it's like a case of people viewing the elephant from different sides. Each will report how the elephant looks like depending on the side they are viewing from.

When picking a fund manager, these are what to look at for:

If the firm and the product is registered with SEC
There is a Custodian bank
a Trustees
The rate for MMF is always in a range and it's daily valued. The rate of a firm may be high today, and could be down the next day. But once it's within the rage in the industry you are good to go.
All MMF benchmark their MMF rate with the 3 months TBills.

Most of the other things considered by customers of various firms are subjective and more of personal experiences and choices.

The safety of your money with any of the firm is not determined by the popularity or largeness of the firm.

All MMF has the same status irrespective of the fund managers whether the firm is just starting out or has been in business for years or in a bank holdco or not.

Let's be well guided.