₦airaland Forum

EquityM:
I agree with you. The elite will always become richer. FirstAlly has MMF premium with 5m as the minimum capital; nevertheless, the rate of the normal MMF goes head to toe with the premium for a few days. At least they still care about the normal customers at large. CD normal equity is still struggling to hold on to 7YTD, while the premium is already at 20 YTD; by next month it might be at 50 YTD, and the normal will still be struggling at 7YTD. As you mentioned earlier, poor man pikin dey suffer.

Jayce242:
This FirstAlly premium is one I do not understand. Currently their normal mmf is 26% & premium is 20%. I thought premium constantly ought to be higher than normal.

Jayce242:
This FirstAlly premium is one I do not understand. Currently their normal mmf is 26% & premium is 20%. I thought premium constantly ought to be higher than normal.

Creditalerts:
Premium can never drop below 18% and there is a holding period of 90 days but normal is better because no holding period the only disadvantage is it can drop below 18%

EquityM:
Yes, I will try Halo after doing my verification about them from the SEC website. They are on par with the CSOF. You can give them a try as well. Check the price of all the fund managers, and you will see who is doing well. Attached is the Excel file. Check under equity.

https://sec.gov.ng/for-operators/keep-track-of-capital-market-data/net-asset-value-data/weekly-net-asset-value-for-cis/2025-weekly-nav-for-cis/

Jayce242:
How is their profit payout for premium? Is it monthly or quarterly. That is If I invest can I withdraw profit monthly or wait every 90 days to withdraw profit. I'm talking about only d profit not capital.

IamtheDef:
So going by this list from the SEC, does it mean Cowry's Investment portfolio does not fall into the MMF category seeing as it is not included in the list of funds in that category

Creditalerts:
if you invest in premium you have to wait for 90days before u make withdrawals if not u will pay penalty

Creditalerts:
If you invest in premium you have to wait for 90days before u make withdrawals if not u will pay penalty


Take note the minimum investment amount for premium is 5million

Jayce242:
Okay thanks
Do u know if this holding period also apply to trustbanc on cowrywise

IamtheDef:
So going by this list from SEC, does it mean Cowry's Investment portfolio does not fall into the MMF category seeing as it is not included in the list of funds in that category

EquityM:
Monthly compounding or you can choose to get it in your account and a holding period of 90 days.

Creditalerts:
Read below

Jayce242:
Cowrywise is like a platform via which u can access a pool of assets managers. But what I don't know is if something should happen to cowrywise platform, how can one access his funds since one didn't register with the asset managers directly? & It seems trustbanc is only accessible through cowrywise, because I don't understand the trustbanc app.

IamtheDef:
Yes but then they have their own funds too, the Cowry Investment Portfolio. different from the 3rd party funds aggregated on their platform

EquityM:
Your interest can be paid monthly, currently doing it. Only if you withdraw your capital will they charge you.

Creditalerts:
You mean u can withdrawal ur accrued interest monthly not quarterly?

EquityM:
HYIS premium interest is paid monthly and compounded monthly. So, after the 90 days have passed, you can start to withdraw the interest to your account monthly or just let it keep compounding monthly.

Creditalerts:
but the daily accrued interest is displayed daily right

Jayce242:
I think the cowry investment portfolio is not classified as mmf or equity. It is probably just their own investment package, reason it is not on the SEC list.

EquityM:
Halo's YTD.

Rico1278:
This app is not working,I've been trying to deposit but it's unavailable

EquityM:
Of course, just like the MMF, you will see the rate daily, and at the beginning of the new month, your accrued interest will be deposited to your initial capital.

Creditalerts:
I will venture into it. I'm doubtful because of its medium risk status ever since

EquityM:
The risk means it has government bonds; if the government defaults, it might affect the funds. However, the bond is what makes the daily interest high.

Creditalerts:
to you what are the chances of government bond defaulting 🤔 in a scale of 1-10 ?

EquityM:
Check the price list from this website provided by sec.
https://sec.gov.ng/for-operators/keep-track-of-capital-market-data/net-asset-value-data/weekly-net-asset-value-for-cis/2025-weekly-nav-for-cis/

Creditalerts:
Premium can never drop below 18% and there is a holding period of 90 days but normal is better because no holding period the only disadvantage is it can drop below 18%

Arizona86:
Creditakerts don reach here; it turns out that you also need more profit else you would've stick to your mmf. You were one of the reasons EquityM had to open this thread.

Creditalerts:
to you what are the chances of government bond defaulting 🤔 in a scale of 1-10 ?

Arizona86:
Creditakerts don reach here, turns out that you also need more profit else you would've stick to your mmf. You were one of the reasons EquityM had to open this thread.

EquityM:
You can't deposit, as I was told it is under maintenance.