Mutual Funds - Investment (467)

Mutual Funds - Investment (467) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1538718 Views)

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Re: Mutual Funds by bassdow: 1:57pm On Feb 05

AncestralPowers:
I just received a mail from Stanbic asking why I haven't top-up my mmf account for a while now. Some thoughts 🤯 just came to my mind after reading their mail...

It seems Stanbic fund managers don't know that other fund managers are 3 to 4+% ahead of the 15+% they had been giving for weeks now..

Someone should please inform them that the industry is heavily deregulated and investors goes for the highest offer, because overtaking is allowed by SEC.

they do that if You haven't done any top-up for at least 2 quarters in a year.

3 Likes

Re: Mutual Funds by bassdow: 2:00pm On Feb 05

LoriHamo:
The equity I just funded yesterday morning...

Na RED I see this morning

My eyes first blurr....

I just to rest the waters

I funded trustbanc too with 100K starter pack.😎😎😎

anything equity, your minimum timeFrame should be at least 1-year.

You could do Stanbic IBTC Guaranteed Investment Fund since Stanbic would guarantee you never loose your capital.

You could also do Stanbic IBTC Enhanced Fixed Income Fund.

2 Likes

Re: Mutual Funds by emmasoft(m): 2:21pm On Feb 05

Blackrose71:
With Norren, you have to send a copy of your payment receipt to them by mail. customerservice@norrenberger.com

Their service is not yet seamless like stanbic but rate is a bit fair.

Sending evidence of transfer is not compulsory if you do a proper narration; your deposit will be captured seamlessly. The only thing evidence does is that there will be no need to do a search; it makes capturing easier.

Re: Mutual Funds by emmasoft(m): 3:18pm On Feb 05

squad1:
Hehe... Na money matter oo. Actually i am not really enjoying their service maybe it is because i am used to using StanbicMMF. With this norrenberg, i cant even do autiinvest. I complained and was told of additional charges. Haba.

@squad1, Please understand that all firms have different methods of achieving their goals. Payment gateways are not free services; hence, Norrenbeger has a collection account you can always transfer to without extra charges, the charges are from the third-party payment gateway - Flutterwave, interswitch etc. Once you do a transfer before the cut-off time, be sure you will have same day value.

Re: Mutual Funds by emmasoft(m): 3:31pm On Feb 05

squad1:
Those using norrenberg how una dey take do am? The service is poor. I am just testing the waters with them but it is not encouraging.

I funded my acct since tuesday morning. Up till now, it has not reflected. For them to update my acct balance na wahala. Cant keep up.

@squad, I hope there is proper narration, because even customers who funded yesterday already have their value. Most times fund postings are delayed if there is no proper narration.

However, you can reach out to me through the number in my signature for one-on-one resolution.

Re: Mutual Funds by Beeron: 3:40pm On Feb 05*

Nigeria is a weird place to invest.

The citizens like to invest in Dollar mutual funds to hedge against the Naira devaluation essentially betting against their own currency.

Meanwhile foreign investors brings in Dollar, converts their dollars to Naira to invest in Naira mutual funds.

Weird

4 Likes

Re: Mutual Funds by Creditalerts: 4:18pm On Feb 05

Today's rate

Stanbic 15.37%🙂

Trustbanc 19.20%🤑

Re: Mutual Funds by AncestralPowers: 5:04pm On Feb 05

Some Nigerians don't value their things... But I am happy things are beginning to change, thank God for social awareness and the upcoming generation who are trying to be more local than international.

I travelled round south south and south west of naija last October/November, I was more than impressed with what I saw... I was overwhelmed with joy seeing the way Nigerians are now going into production and making more use of our local resources, despite the challenges.

If government can give us more constant light and provide more security, naija is going to fly above the sky...

We are too hungry for success, no matter the situation..

God bless Nigeria.

Beeron:
Nigeria is weird place to invest.

The citizens like to invest in Dollar mutual funds to hedge against the Naira devaluation essentially betting again their own currency.

Meanwhile foreign investors brings in Dollar, converts their dollars to Naira to invest in Naira mutual funds.

Weird

4 Likes

Re: Mutual Funds by Beeron: 6:11pm On Feb 05

AncestralPowers:
Some Nigerians don't value their things... But I am happy things are beginning to change, thank God for social awareness and the upcoming generation who are trying to be more local than international.

I travelled round south south and south west of naija last October/November, I was more than impressed with what I saw... I was overwhelmed with joy seeing the way Nigerians are now going into production and making more use of our local resources, despite the challenges.

If government can give us more constant light and provide more security, naija is going to fly above the sky...

We are too hungry for success, no matter the situation..

God bless Nigeria.

Thanks for this your positive outlook about our dear country, wish more people will be optimistic about Nigeria like you.

That will go a long way to help Nigeria PR in the international community at least.

4 Likes

Re: Mutual Funds by 1F30M4(f): 9:13pm On Feb 05

djavo:
Anyone have an idea the current rate for Investnaija MMF?

Back to 17ish

Re: Mutual Funds by david4mex: 10:16pm On Feb 05

Please who is investing in FBN Mutual funds? I don't seem to understand them. Sent money to the account they gave for funding since yesterday morning and till this night, it has reflected on my account, despite using an appropriate narration and sending them proof of payment as requested.
Also discovered their App isn't working

Re: Mutual Funds by squad1: 10:32pm On Feb 05

Thanks ny chief. I willl wait then. Checked the narration amd its ok. I would like to do auto-invest with norrenberg, i cant find that on the app. i dont mind even with charges from a third party.

Btw, what plaatform can u recommend for buying srocks? Thanks.

emmasoft:
@squad, I hope there is proper narration, because even customers who funded yesterday already have their value. Most times fund postings are delayed if there is no proper narration.

However, you can reach out to me through the number in my signature for one-on-one resolution.

Re: Mutual Funds by emmasoft(m): 11:01pm On Feb 05

squad1:
Thanks ny chief. I willl wait then. Checked the narration amd its ok. I would like to do auto-invest with norrenberg, i cant find that on the app. i dont mind even with charges from a third party.

Btw, what plaatform can u recommend for buying srocks? Thanks.

For auto invest, you can set it up with your bank and use Norrenberger collection account as destination. The type in BluNest is not on Norren world.

You can use the same stockbroking firm i use - investment one stockbrokers.
To open stock/cscs account with them, click the third link on my signature and complete the registration form online.

After your account is set up, you can go ahead and trade anywhere you are in the world

You require the usual kyc documents for registration. Please note that registration is free.

Re: Mutual Funds by squad1: 3:56pm On Feb 06

If i do auto-invest through the conventional bank method, how will i write the narration?

Signed up on investone. Waiting for verification. Thanks

emmasoft:
For auto invest, you can set it up with your bank and use Norrenberger collection account as destination. The type in BluNest is not on Norren world.

You can use the same stockbroking firm i use - investment one stockbrokers.
To open stock/cscs account with them, click the third link on my signature and complete the registration form online.

After your account is set up, you can go ahead and trade anywhere you are in the world

You require the usual kyc documents for registration. Please note that registration is free.

Re: Mutual Funds by Creditalerts: 4:06pm On Feb 06

Today's rate MMF

Stanbic 15.35%🙂

Trustbanc 19.51%🤑

Myinvestar 15.63%🙂

Re: Mutual Funds by LoriHamo: 4:15pm On Feb 06

I will definitely dump Stanbic by next week....

Tueh

Re: Mutual Funds by Preator: 4:15pm On Feb 06

LoriHamo:
I will definitely dump Stanbic by next week....

Tueh

Why? Wetin happen?

Re: Mutual Funds by Creditalerts: 4:31pm On Feb 06

LoriHamo:
I will definitely dump Stanbic by next week....

Tueh

easy o ,u want to join fintech? U can join us next year please🙂.

Re: Mutual Funds by Creditalerts: 4:36pm On Feb 06

REMINDER!!!

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) is scheduled to hold its 304th meeting on February 23–24, 2026, to review key economic developments and determine policy rates. The previous 303rd meeting, held in November 2025, resulted in retaining the Monetary Policy Rate (MPR) at 27.0%.

Re: Mutual Funds by Promptlyn: 4:51pm On Feb 06

Hi everyone,

I'm new on this thread and I really appreciate everyone's contribution. I never knew such investment rate excite, thought fix deposit is the best.

I went through this thread and find it very interesting. I need not to break it down for me please.

I need advise on the best platform to invest 10m, how much interest can I get if I'm investing for 1 year.

How does mutual funds work etc.

Thank you

Re: Mutual Funds by Preator: 4:52pm On Feb 06

Creditalerts:
REMINDER!!!

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) is scheduled to hold its 304th meeting on February 23–24, 2026, to review key economic developments and determine policy rates. The previous 303rd meeting, held in November 2025, resulted in retaining the Monetary Policy Rate (MPR) at 27.0%.

Dunno why i'm always anxious of the outcome of this meeting

1 Like

Re: Mutual Funds by Creditalerts: 5:02pm On Feb 06*

Preator:
Dunno why i'm always anxious of the outcome of this meeting

nothing to worry about it will definitely favour both sides🙂

Re: Mutual Funds by emmasoft(m): 5:32pm On Feb 06

squad1:
If i do auto-invest through the conventional bank method, how will i write the narration?

Signed up on investone. Waiting for verification. Thanks

While setting up, you will have opportunity to write your narration and more so it's a personal account.
You can also inform your account officer immediately the transaction is successful on any day you chose for the auto debit on your account.

For investment one, try to be checking your mail from monday next week to get update from them.
Check both inbox and junk.

Reach out to me if you need further guidance

1 Like

Re: Mutual Funds by LoriHamo: 5:43pm On Feb 06

There Rate is getting worse

Preator:
Why? Wetin happen?

Re: Mutual Funds by LoriHamo: 5:44pm On Feb 06

Me wey get funds for Trustbanc, Afrinvest via Cowrywise....and Cardinal stone

Creditalerts:
easy o ,u want to join fintech? U can join us next year please🙂.

Re: Mutual Funds by rukyboy(m): 6:00pm On Feb 06

Hi guys.

Pls. Guys here that use gtb mmf.

How long does it take to receive funds after redeeming via the mobile app.

What's the maximum that can be redeemed at a time?

Re: Mutual Funds by LoriHamo: 6:02pm On Feb 06

I just started using them...i have no idea

rukyboy:
Hi guys.

Pls. Guys here that use gtb mmf.

How long does it take to receive funds after redeeming via the mobile app.

What's the maximum that can be redeemed at a time?