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Mutual Funds - Investment (411) - Nairaland

Nairaland ForumNairaland GeneralInvestmentMutual Funds (1531045 Views)

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Re: Mutual Funds by FineUsername(m): 10:14am On Nov 01, 2025
What area in Keffi? I fit get interest when you made up your mind to sell. cool
emmatony:
Thank you very much. I am not under any financial stress at the moment, and I am willing to lower the price I mentioned above. My house is also one of the less attractive ones in the area, as there are buildings in that neighborhood valued at more than 200 million.
Re: Mutual Funds by emmatony: 12:56pm On Nov 01, 2025
FineUsername:
What area in Keffi? I fit get interest when you made up your mind to sell. cool
It is located after Keffi Prison
Re: Mutual Funds by enemerci: 8:11pm On Nov 01, 2025
Hello everyone. Is it possible to move some funds from the money market on stanbic to ethical funds on stabic without withdrawal.

That is to say when the app asks method to fund the ethical wallet you click on the money market. Has anyone done something like this before.

If it's not possible how do I move a portion of funds in the money market to ethical funds
Thank you
Re: Mutual Funds by Beeron: 1:43pm On Nov 02, 2025
enemerci:
Hello everyone. Is it possible to move some funds from the money market on stanbic to ethical funds on stabic without withdrawal.

That is to say when the app asks method to fund the ethical wallet you click on the money market. Has anyone done something like this before.

If it's not possible how do I move a portion of funds in the money market to ethical funds
Thank you
To best track your finance.

Withdraw from one investment successfully and pay it into the other one.
Re: Mutual Funds by jp130(m): 6:08pm On Nov 02, 2025
Stanbic really messed up last week Thursday when I did a top up into my equity fund. Instead of them to credit my equity fund account with the e-account number clearly stated in the transaction details. They went and credit my mutual fund account. How do I resolve this anomaly? I've sent a mail since Friday and no response to the issue
Re: Mutual Funds by bassdow: 10:04pm On Nov 02, 2025
jp130:
Stanbic really messed up last week Thursday when I did a top up into my equity fund. Instead of them to credit my equity fund account with the e-account number clearly stated in the transaction details. They went and credit my mutual fund account. How do I resolve this anomaly? I've sent a mail since Friday and no response to the issue
send them an email OR call their customer support. Either way, it would be resolved.

Phone calls, often are much faster than emails
Re: Mutual Funds by heavenisreal18: 7:51am On Nov 03, 2025
Pls investors, a pensioner with 5m ,she used 2.5 to invest in t bill and 2.5 in mutual.last week her T-bill matured and she discovered the bank deducted 10 percent WHT of her interest .pls where I need your advice for her she want to put all the 5m in mutual fund ,do you advise her to do that.Or she should invest in the two as she was doing before
Re: Mutual Funds by emmasoft(m): 8:25am On Nov 03, 2025
heavenisreal18:
Pls investors, a pensioner with 5m ,she used 2.5 to invest in t bill and 2.5 in mutual.last week her T-bill matured and she discovered the bank deducted 10 percent WHT of her interest .pls where I need your advice for her she want to put all the 5m in mutual fund ,do you advise her to do that.Or she should invest in the two as she was doing before
If she gets upfront interest on the Tbills, she should maintain status quo, but if interest is at the end of tenor, everything should be invested in MMF with reinvestment of interest option.
Re: Mutual Funds by Allboiz: 8:46am On Nov 03, 2025
enemerci:
Hello everyone. Is it possible to move some funds from the money market on stanbic to ethical funds on stabic without withdrawal.

That is to say when the app asks method to fund the ethical wallet you click on the money market. Has anyone done something like this before.

If it's not possible how do I move a portion of funds in the money market to ethical funds
Thank you
Simply write them a mail to do that for you
Re: Mutual Funds by heavenisreal18: 9:44am On Nov 03, 2025
emmasoft:
If she gets upfront interest on the Tbills, she should maintain status quo, but if interest is at the end of tenor, everything should be invested in MMF with reinvestment of interest option.
Thank you she get upfront but now the percentage of T-bill is even 14.50 percent,
Re: Mutual Funds by talk2tonie: 12:32pm On Nov 03, 2025
heavenisreal18:
Thank you she get upfront but now the percentage of T-bill is even 14.50 percent,
Is this 14.5% before withholding tax or after?
Re: Mutual Funds by heavenisreal18: 2:51pm On Nov 03, 2025
talk2tonie:
Is this 14.5% before withholding tax or after?
This is the interest you will get on the money you invested after maturity they will then remove 10percent WHT of your profit .let say your profit is 100k ,they will deduct 10k
Re: Mutual Funds by heavenisreal18: 2:53pm On Nov 03, 2025
emmasoft:
If she gets upfront interest on the Tbills, she should maintain status quo, but if interest is at the end of tenor, everything should be invested in MMF with reinvestment of interest option.
Pls do they deduct WHT from MMF too if I want to withdraw accrued interest
Re: Mutual Funds by emmasoft(m):
heavenisreal18:
Pls do they deduct WHT from MMF too if I want to withdraw accrued interest
The rate displayed for MMF is usually net of expenses except stated othewise.
There is no form of deduction when withdrawing your interest.
Re: Mutual Funds by chimex38: 6:20pm On Nov 03, 2025
Evnne:
Hello house,

I tried to borrow from Stanbic using my sukuk bond as collateral. Since the sukuk couldn't sell because it was bought three years ago with a lower rate, I inquired about the interest rate. My account officer said it's between 27% to 30%. Please, is this real?
I can bet you don't reside in Nigeria grin
Welcome to GIANT OF AFRICA
Re: Mutual Funds by heavenisreal18: 7:16am On Nov 04, 2025
Pls how many minutes or hour does it take to drop if I withdraw my money from MMF .pls is urgent
Re: Mutual Funds by 1kinggy(m): 9:44am On Nov 04, 2025
heavenisreal18:
Pls how many minutes or hour does it take to drop if I withdraw my money from MMF .pls is urgent
It depends on your fund manager. However, it can be done in less than 1 hour if you make request between 11am - 2pm.
Re: Mutual Funds by Nobody: 1:35pm On Nov 04, 2025
I would like to get an idea on the possible return on Stanbic MMF of a million in a month

I know it's not stable just an idea around what it has been for last 3 months
Re: Mutual Funds by 2011HajjWeber(m): 3:41pm On Nov 04, 2025
welzyj2:
I would like to get an idea on the possible return on Stanbic MMF of a million in a month

I know it's not stable just an idea around what it has been for last 3 months
@17%
1,000,000 x 17% divided by 12 months
1,000,000 x 0.17 divide 12 months
=14,166.67/Month
@18%
1,000,000x 18% divided by 12
=15,000/ Month
Re: Mutual Funds by lexybaba1234: 4:52pm On Nov 04, 2025
Dear colleagues and seniors, am new here, I just want to know, I funded my GTBANK MMF wallet yesterday evening and it is not yet appearing in my portfolio. What is happening please 🥺. I use my mobile banking app. Does it delay like that ? First timer


oyeendharmolah:
Hello,please does anyone know about these and are they good?

GT MONEY MARKET FUND
GT EQUITY INCOME FUND
GT BALANCED FUND
GT FIXED INCOME FUND

Also, are these good? They are available on my ACCESS BANK ACCESSMORE app.
CORONATION BALANCED FUND
CORONATION FIXED INCOME FUND
CORONATION MONEY MARKET FUND
Re: Mutual Funds by emmatony: 6:52pm On Nov 04, 2025
lexybaba1234:
Dear colleagues and seniors, am new here, I just want to know, I funded my GTBANK MMF wallet yesterday evening and it is not yet appearing in my portfolio. What is happening please 🥺. I use my mobile banking app. Does it delay like that ? First timer
I have the same problem. Mine is since the 1st of November. I called them and they promised to fix it.
Re: Mutual Funds by nickae: 6:53pm On Nov 04, 2025
lexybaba1234:
Dear colleagues and seniors, am new here, I just want to know, I funded my GTBANK MMF wallet yesterday evening and it is not yet appearing in my portfolio. What is happening please 🥺. I use my mobile banking app. Does it delay like that ? First timer
GT MMF is kind of slow(24 hours), but it should reflect by tomorrow. If not, send a mail to them infoteam@gtfundmanagers.com
Re: Mutual Funds by jp130(m): 9:24pm On Nov 04, 2025
Yesterday, I got a mail from them of the top up into my equity fund and small interest from money market fund that the money stayed for a day.

Kudos to them for not stressing me to be calling and calling

jp130:
Stanbic really messed up last week Thursday when I did a top up into my equity fund. Instead of them to credit my equity fund account with the e-account number clearly stated in the transaction details. They went and credit my mutual fund account. How do I resolve this anomaly? I've sent a mail since Friday and no response to the issue
Re: Mutual Funds by Creditalerts: 6:55am On Nov 05, 2025
Pls who have heard of my invester mutual fund are they good and trustworthy?
Re: Mutual Funds by lexybaba1234: 7:32am On Nov 05, 2025
Dear Emmatony, thank you for your response to my inquiry. I really appreciate. God bless you. I will provide an update today as soon as it is processed.

emmatony:
I have the same problem. Mine is since the 1st of November. I called them and they promised to fix it.
Re: Mutual Funds by lexybaba1234: 7:35am On Nov 05, 2025
Dear Nickae, thank you for your answer. It really goes a long way for me as a first timer. God bless you. I will provide an update today as soon as it is processed.


nickae:
GT MMF is kind of slow(24 hours), but it should reflect by tomorrow. If not, send a mail to them infoteam@gtfundmanagers.com
Re: Mutual Funds by Creditalerts: 7:53am On Nov 05, 2025
emmasoft:
For Stanbic, click the first link on my signature, for First Ally owners of myinvestar app click the 2nd link and open an account.

Please note that the utility bill accepted by Stanbic is the one that bears your name; however, you can use your NIN slip or the front page of your signed bank account statement in place of the utility bill.

You can call the customer care of the other firm you are trying to contact. Most of these firms are more responsive to calls,
pls at bloded I have a little question for u?
Can I withdraw my investment on mutual fund anytime?

If I invest on mutual fund when will interest rate start reflecting?


Thanks in advance
Re: Mutual Funds by emmasoft(m): 9:11am On Nov 05, 2025
Creditalerts:
pls at bloded I have a little question for u?
Can I withdraw my investment on mutual fund anytime?

If I invest on mutual fund when will interest rate start reflecting?


Thanks in advance
1. Yes. You can witthraw at anytime, however, if it's within the first 30 days, you will pay a penalty of 20% of the interest accrued on the amount your are withdrawing.

2. Interest start to accrue from the day of deposit if it was done before noon otherwise it starts the next biz day.
Re: Mutual Funds by emmasoft(m): 9:22am On Nov 05, 2025
Creditalerts:
Pls who have heard of my invester mutual fund are they good and trustworthy?
Myinvestar is the app powered by First Ally asset management. The fund is called First Ally mutual fund. It's good particulary for Gen Z

Talk to me to know more
Re: Mutual Funds by emmatony: 11:05am On Nov 05, 2025
lexybaba1234:
Dear Emmatony, thank you for your response to my inquiry. I really appreciate. God bless you. I will provide an update today as soon as it is processed.
Mine reflected this morning. Please check yours
Re: Mutual Funds by lexybaba1234: 12:17pm On Nov 05, 2025
I just checked mine now. It's been processed too. Funds is now in the portfolio. Thanks everyone.

emmatony:
Mine reflected this morning. Please check yours
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