₦airaland Forum

Alaska90:
How long have you been using GT MMF?
Please what has been their lowest and highest rate since you started ?

thanks

Iamblessed88:
It’s only on this thread i’ve seen the argument that AUM and stability have no correlation. Folks don’t realize the advantages of AUM untill the market goes through some sort of stress.

When you liquidate your investments and get paid in an hour sometimes, do you truly believe the underlying holdings were sold off that quick? Fund managers usually keep a cash buffer to meet liquidity without necessarily selling off investments all the time.

The larger the AUM, the larger the buffer but as i said, you wont feel the impact in a smooth sailing market.

Also, forget SEC, the larger the AUM, the greater the scrutiny. Try and apply for an update to your signature or account details with stanbic, you would be lucky if this is done in a week. The reason is not due to sluggishness but because they have alot of hoops to cross (internal control). Now contrast it with a smaller fund manager. I had my account details changed on the app of a fintech FM in seconds and to be honest, i felt abit unsafe.

Yes, market risk (Beta) is thesame but there’s also such a thing as idiosyncratic risk which is unique to each firm.

For those using cowrywise, are they sec accredited? No. Who’s to ensure that they actually deploy your funds to those companies listed on the app since there aren’t any trustees to vouch?

ManAdii:
For those of us in the informal sector. Which is better for retirement fund; MMF or stanbic micro pension?

Preator:
Micro pension.

ManAdii:
If I may ask further, any reason why you're choosing this?

EzeWills:
Pls how true is this?

Iamblessed88:
It’s only on this thread i’ve seen the argument that AUM and stability have no correlation. Folks don’t realize the advantages of AUM untill the market goes through some sort of stress.

When you liquidate your investments and get paid in an hour sometimes, do you truly believe the underlying holdings were sold off that quick? Fund managers usually keep a cash buffer to meet liquidity without necessarily selling off investments all the time.

The larger the AUM, the larger the buffer but as i said, you wont feel the impact in a smooth sailing market.

Also, forget SEC, the larger the AUM, the greater the scrutiny. Try and apply for an update to your signature or account details with stanbic, you would be lucky if this is done in a week. The reason is not due to sluggishness but because they have alot of hoops to cross (internal control). Now contrast it with a smaller fund manager. I had my account details changed on the app of a fintech FM in seconds and to be honest, i felt abit unsafe.

Yes, market risk (Beta) is thesame but there’s also such a thing as idiosyncratic risk which is unique to each firm.

For those using cowrywise, are they sec accredited? No. Who’s to ensure that they actually deploy your funds to those companies listed on the app since there aren’t any trustees to vouch?

sharone21:
Cowry isn't bad but what I discovered:

From source ( investment SEC company) Vs theirs ( Cowry's) annual interest rate--

Meristem 18.46% vs 17.65%

Arm: 17.85% vs 16.46%

Trustbanc (possibly higher)....vs 19.37%

You will notice about 0.81% to 1.39%( hidden fees) + N250 ( obvious fees).

But Cowry company is a good business outfit since customers don't like to feel they have been cheated( lol). The good thing is that everyone can do what their mind leads them to do as per company to invest in instead of leaving idle funds which can easily be taxed without it giving you any profit.

The financial market needs MANY players as this makes it a robust one so, all well and good.... Whatever will bring more people to do this instead of gambling on betna.ija etc.

sharone21:
Cowry isn't bad but what I discovered:

From source ( investment SEC company) Vs theirs ( Cowry's) annual interest rate--

Meristem 18.46% vs 17.65%

Arm: 17.85% vs 16.46%

Trustbanc (possibly higher)....vs 19.37%

You will notice about 0.81% to 1.39%( hidden fees) + N250 ( obvious fees).

But Cowry company is a good business outfit since customers don't like to feel they have been cheated( lol). The good thing is that everyone can do what their mind leads them to do as per company to invest in instead of leaving idle funds which can easily be taxed without it giving you any profit.

The financial market needs MANY players as this makes it a robust one so, all well and good.... Whatever will bring more people to do this instead of gambling on betna.ija etc.

Iamblessed88:
I dont mean Cowrywise as a firm. Check MMF FMs here:

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/

Who is the trustee for their intermediary role? If they have a brain wave and decide to deploy your funds to agro biz while updating your daily gains, who’s to stop them?

FRANKLYex:
You are wrong. On the other hand, it is the Cowrywise that is being transparent here. I do ARM directly. The rate you are seeing their is gross, it doesn't match their daily returns. I have an excel template I use to track all my Fund managers. Whatever Cowrywise reports is what you get. Same does for myinvester app too. So let's do more due diligence

Creditalerts:
To add further trustbanc rate when calculated the transparency by Cowrywise is topnotch

@sharone21 always get your fact right

Preator:
My brother, this our small investment thing sha. I no too like defending things as i no be agent for any of the MMFs. Most time i only talk so that other innocent would-be investors are not scared off with erroneous info.

The amount of wrong info is something else. Some are innocently issues sha while some are......hmmm

Let everyone do their due diligence and invest accordingly.

Creditalerts:
she tried to promote palmpay smart earn yesterday I counter her so she is trying so hard to demarket Cowrywise 🤣I am not an agent of any investment but I'm here for factual investment information 😉 the aim is to invest without tears and make more money🤑.

Creditalerts:
she tried to promote palmpay smart earn yesterday I counter her so she is trying so hard to demarket Cowrywise 🤣I am not an agent of any investment but I'm here for factual investment information 😉 the aim is to invest without tears and make more money🤑.

Preator:
Abeg, in case anyone beat trustbanc, please drop update o

Creditalerts:
trust me I be MMF hunter if I see I go post update sharperly no room for nay sayers SEC is the regulator 🤣😁🤑🤑🤑

In you want make we rush u like trustbanc increase your rate and be transparent investors active ✌🏾🤑

AncestralPowers:
The Gen Zs have taken over this thread, you can feel their impatience and misinformations...

FRANKLYex:
You are wrong. On the other hand, it is the Cowrywise that is being transparent here. I do ARM directly. The rate you are seeing their is gross, it doesn't match their daily returns. I have an excel template I use to track all my Fund managers. Whatever Cowrywise reports is what you get. Same does for myinvester app too. So let's do more due diligence

jp130:
I redeem my Stanbic equity fund to my wallet before 7am yesterday hoping it will land in my wallet before close of business but up till now no show. I need to push it to mmf from the wallet when it lands. Who has done this redemption before and how long did it take on the app?

jp130:
Please anybody on this, today suppose to be 2days since redemption?

Preator:
My brother, this our small investment thing sha. I no too like defending things as i no be agent for any of the MMFs. Most time i only talk so that other innocent would-be investors are not scared off with erroneous info.

The amount of wrong info is something else. Some are innocently issues sha while some are......hmmm

Let everyone do their due diligence and invest accordingly.

Batman2412:
Na so e suppose be. As you dey here, we go dey trade mmf like stocks

sharone21:
Promote Palmpay Smart Earn? Na WA oooo, newbies( lol).

That is what I saw in Cowry's website and copied to explain.

They are honest middlemen, YES...But still have staff to pay also.....

One love

EzeWills:
Pls how true is this?

Iamblessed88:
Fixed mutual fund don dey too? Hiann
Since when Access bank become Fund Manager?