Mutual Funds - Investment (533)

Mutual Funds - Investment (533) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1555358 Views)

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Re: Mutual Funds by Ogborokiri(m): 12:37pm On Jul 12

Am using cowrywise to invest on mmf I wanted to move to move to a single fund manager because seems cowrywise invested my funds on 5 mmf please and suggestion on how to go about it

Re: Mutual Funds by t33why: 4:37pm On Jul 12

Ogborokiri:
Am using cowrywise to invest on mmf I wanted to move to move to a single fund manager because seems cowrywise invested my funds on 5 mmf please and suggestion on how to go about it

If you're new on Cowrywise, or don't already have a running investment with the fund manager of choice, you cannot. It's an update they introduced a while back which basically removed the ability to choose a preferred fund manager

Re: Mutual Funds by investmentvirus(f): 9:28pm On Jul 12

true, they usually pay less.

AncestralPowers:
I have an account with 3 of these fund managers, these rates doesn't always tally with what you are paid daily, sometimes you even get about 2% to 3% less... That's just the fact.

Re: Mutual Funds by kalu61(m): 11:14am On Jul 13

UncleJudax:
Did you subscribe? via BlueNest?

I tried two times but after completing the process, my funds are still in my wallet.

Re: Mutual Funds by heavenisreal18: 12:38pm On Jul 13

I noticed stanbic mmf they now compound interest. Am I right

1 Like

Re: Mutual Funds by suckprick: 2:01pm On Jul 13

heavenisreal18:
I noticed stanbic mmf they now compound interest. Am I right

It's been like that for a long time.

People complaining of stanbic low rates should also put into consideration their monthly compounding. Monthly compound interest of stanbic makes their rate equivalent to 16% per annum although it's still relatively low compared to others.

1 Like

Re: Mutual Funds by heavenisreal18: 2:24pm On Jul 13

suckprick:
It's been like that for a long time.

People complaining of stanbic low rates should also put into consideration their monthly compounding. Monthly compound interest of stanbic makes their rate equivalent to 16% per annum although it's still relatively low compared to others.

Before they pay interest every day but I noticed they paid like three days interest together now.please clear me on this

Re: Mutual Funds by suckprick: 2:28pm On Jul 13

heavenisreal18:
Before they pay interest every day but I noticed they paid like three days interest together now.please clear me on this

I can't confirm this because I don't check my account daily. I check every month end.

Re: Mutual Funds by heavenisreal18: 5:04pm On Jul 13

suckprick:
I can't confirm this because I don't check my account daily. I check every month end.

Okay thank you

Re: Mutual Funds by UncleJudax(m): 7:53pm On Jul 13

kalu61:
I tried two times but after completing the process, my funds are still in my wallet.

I learnt that subscription via BlueNest may not go through...so one must visit a physical branch.

Stanbic sha

1 Like

Re: Mutual Funds by UncleJudax(m): 5:25am On Jul 14

heavenisreal18:
Before they pay interest every day but I noticed they paid like three days interest together now.please clear me on this

Stanbic pays earned interest monthly.

Re: Mutual Funds by Demdem(m): 7:47am On Jul 14

Greetings to all. please can someone kindly shed more light for me on the Stanbic IBTC dollar fund? how is returns like? is it true that it preserves your capital? on the App, the brief description of the fund is very limited. is there anyone here that is already in it? whats the experience like? please kindly share. Thanks.

1 Like

Re: Mutual Funds by AllyPolly: 7:51am On Jul 14

Demdem:
Greetings to all. please can someone kindly shed more light for me on the Stanbic IBTC dollar fund? how is returns like? is it true that it preserves your capital? on the App, the brief description of the fund is very limited. is there anyone here that is already in it? whats the experience like? please kindly share. Thanks.

Also, interested in this.

1 Like

Re: Mutual Funds by AllyPolly: 8:46am On Jul 14

aieromon:
Best performing Money Market Funds in Nigeria as of June 2026 - Nairametrics

Rankings are based on SEC-reported year-to-date yields as of June 26, 2026.

10. CardinalStone Money Market Fund (18.25%)
9. Zedcrest Money Market Fund (18.68%)
8. Greenwich Plus Money Market Fund (18.81%)
7. Page Money Market Fund (19.00%)
6. Trustbanc Money Market Fund (19.40%)
5. DLM Money Market Fund (19.68%)
4. STL Money Market Fund (19.70%)
3. First Ally Money Market Fund (20.01%)
2. RT Briscoe Savings & Investment Fund (20.30%)
1. Coronation Money Market Fund (20.54%)

https://nairametrics.com/2026/07/10/best-performing-money-market-funds-in-nigeria-as-of-june-2026/

Hello investors.
I would like to start the MMMF journey.

If i spread my investment in 4 MMMF provided. Which would you advice ?
Priority: Easy setup and withdrawal, low risk, reasonable return.
@everyone @emmasoft

Thank you.

Re: Mutual Funds by yesloaded: 9:12am On Jul 14

Demdem:
Greetings to all. please can someone kindly shed more light for me on the Stanbic IBTC dollar fund? how is returns like? is it true that it preserves your capital? on the App, the brief description of the fund is very limited. is there anyone here that is already in it? whats the experience like? please kindly share. Thanks.

Dollar fund is not that profitable due to ROI & the investment behind it

3 Likes

Re: Mutual Funds by Princewalexy99: 10:27am On Jul 14

Dear fellow team members,

I just checked my STL MMF (1click app) and observed my invested capital has multiplied by two against the expected interest giving the fact that I opened the account on the 2nd of this month.

What could have caused ths, is anyone facing same?

Re: Mutual Funds by Demdem(m): 10:55am On Jul 14

yesloaded:
Dollar fund is not that profitable due to ROI & the investment behind it

Thanks for this however can you please kindly give more insight. It will be appreciated.

Is it then wise to convert all ones dollars to Naira and invest since ROI on naira funds seems to be more? Just asking please. Thanks.

Re: Mutual Funds by emmasoft(m): 11:03am On Jul 14

AllyPolly:
Hello investors.
I would like to start the MMMF journey.

If i spread my investment in 4 MMMF provided. Which would you advice ?
Priority: Easy setup and withdrawal, low risk, reasonable return.
@everyone @emmasoft

Thank you.

@AllyPolly Welcome to the world of conservative investors. It's always good to start with MMF and build your confidence or as a risk taker MMF is good for a backbone support incase one missed it with the more risky investment instrument.
That is by the way.

For the firm to go with based on your expectations, when it comes to services, no one cap fits all, it depends on individual investor and your benchmark of what you accept as good service. As for safety or risk, all MMF are low risk irrespective of the fund manager.

For me I can only give u a list base on the ones I have transacted with and where I have a go to person.

First Ally
STL
Norrenberger
TrustBanc
You can also reach me for more guidance.

I wish you all the best in your investment journey

3 Likes

Re: Mutual Funds by emmasoft(m): 11:40am On Jul 14

Demdem:
Greetings to all. please can someone kindly shed more light for me on the Stanbic IBTC dollar fund? how is returns like? is it true that it preserves your capital? on the App, the brief description of the fund is very limited. is there anyone here that is already in it? whats the experience like? please kindly share. Thanks.

@Demdem, I’ll start by explaining the nature of dollar funds generally, then share my recommendation.

First, it’s important to understand that dollar funds are not classified as low-risk investments; they fall under the medium-risk category.

This is because dollar funds are largely invested in Eurobonds, whose prices fluctuate based on market conditions. Bond prices are inversely related to yields, so there is a possibility of capital fluctuation. However, this risk is relatively moderate compared to equities, as dollar funds are not highly volatile.

In terms of returns, dollar funds do not accrue interest daily like MMF instead, returns are typically paid as dividends either quarterly or annually which investors can choose to receive as payouts or reinvest.

To truly benefit from a dollar fund, you should have a long-term investment perspective.

One of the major advantages of dollar funds is value preservation and hedging against local currency inflation. It allows investors to earn returns while holding funds in dollars, rather than leaving money idle in a domiciliary account with no any form of earnings.

Dollar funds are especially beneficial for individuals who earn in dollars or have future dollar-denominated expenses.

Without bias, my preference remains the Norrenberger Dollar Fund, as it currently offers one of the most competitive rates it's currently around 14%.

I hope this helps.

2 Likes

Re: Mutual Funds by AllyPolly: 11:41am On Jul 14

emmasoft:
@AllyPolly Welcome to the world of conservative investors. It's always good to start with MMF and build your confidence or as a risk taker MMF is good for a backbone support incase one missed it with the more risky investment instrument.
That is by the way.

For the firm to go with based on your expectations, when it comes to services, no one cap fits all, it depends on individual investor and your benchmark of what you accept as good service. As for safety or risk, all MMF are low risk irrespective of the fund manager.

For me I can only give u a list base on the ones I have transacted with and where I have a go to person.

First Ally
STL
Norrenberger
TrustBanc
You can also reach me for more guidance.

I wish you all the best in your investment journey

Thank you for your detailed response. I still have some few questions.
I'm currently unable to access my NL email. I will message you for more clarity. Thanks again.

Re: Mutual Funds by uwaifou(m): 11:44am On Jul 14

MESSAGE FOR STL TEAM

Currently, the invested capital and the accrued interest appear to be combined, making it difficult to distinguish between the original amount invested and the returns earned. For transparency and easier portfolio tracking, I recommend displaying the principal (capital invested) and the accrued interest/returns as separate figures, along with the total portfolio value as it is obtained in other investment sectors.

This enhancement would help investors better monitor the performance of their investments and improve the overall user experience.

I wish this is considered. I look forward to seeing continued improvements to the platform (app).

Re: Mutual Funds by AncestralPowers: 12:25pm On Jul 14*

uwaifou:
MESSAGE FOR STL TEAM

Currently, the invested capital and the accrued interest appear to be combined, making it difficult to distinguish between the original amount invested and the returns earned. For transparency and easier portfolio tracking, I recommend displaying the principal (capital invested) and the accrued interest/returns as separate figures, along with the total portfolio value as it is obtained in other investment sectors.

This enhancement would help investors better monitor the performance of their investments and improve the overall user experience.

I wish this is considered. I look forward to seeing continued improvements to the platform (app).

1 Like

Re: Mutual Funds by Demdem(m): 2:22pm On Jul 14

emmasoft:
@Demdem, I’ll start by explaining the nature of dollar funds generally, then share my recommendation.

First, it’s important to understand that dollar funds are not classified as low-risk investments; they fall under the medium-risk category.

This is because dollar funds are largely invested in Eurobonds, whose prices fluctuate based on market conditions. Bond prices are inversely related to yields, so there is a possibility of capital fluctuation. However, this risk is relatively moderate compared to equities, as dollar funds are not highly volatile.

In terms of returns, dollar funds do not accrue interest daily like MMF instead, returns are typically paid as dividends either quarterly or annually which investors can choose to receive as payouts or reinvest.

To truly benefit from a dollar fund, you should have a long-term investment perspective.

One of the major advantages of dollar funds is value preservation and hedging against local currency inflation. It allows investors to earn returns while holding funds in dollars, rather than leaving money idle in a domiciliary account with no any form of earnings.

Dollar funds are especially beneficial for individuals who earn in dollars or have future dollar-denominated expenses.

Without bias, my preference remains the Norrenberger Dollar Fund, as it currently offers one of the most competitive rates it's currently around 14%.

I hope this helps.

Thanks so much for this response. Well appreciated.
Indeed, it is a medium risk investment. Does this mean that the possibility of losing one's capital still exist?

Re: Mutual Funds by Batman2412(m): 3:23pm On Jul 14

uwaifou:
MESSAGE FOR STL TEAM

Currently, the invested capital and the accrued interest appear to be combined, making it difficult to distinguish between the original amount invested and the returns earned. For transparency and easier portfolio tracking, I recommend displaying the principal (capital invested) and the accrued interest/returns as separate figures, along with the total portfolio value as it is obtained in other investment sectors.

This enhancement would help investors better monitor the performance of their investments and improve the overall user experience.

I wish this is considered. I look forward to seeing continued improvements to the platform (app).

Same with Trustbanc. I just check difference between 2 days and move on with my life....I no fit shout

Re: Mutual Funds by emmasoft(m): 4:01pm On Jul 14

Demdem:
Thanks so much for this response. Well appreciated.
Indeed, it is a medium risk investment. Does this mean that the possibility of losing one's capital still exist?

Yes, it exist but it's very rare.

1 Like

Re: Mutual Funds by emmasoft(m): 4:04pm On Jul 14

AllyPolly:
Thank you for your detailed response. I still have some few questions.
I'm currently unable to access my NL email. I will message you for more clarity. Thanks again.

You welcome. Just as we discussed over the phone, since you have my direct contact now, you can continue to ask any question that can help you make informed investment decisions.

1 Like

Re: Mutual Funds by professore(m): 6:40pm On Jul 14

Nice thread

Re: Mutual Funds by investmentvirus(f): 8:23pm On Jul 14

Pls house
Is this Zedcrest App

Re: Mutual Funds by Christie171(f): 10:28pm On Jul 14

Pls, I'll like to confirm if these listed MMF managers reinvest interest monthly like Stanbic iBTC?

emmasoft:
@AllyPolly Welcome to the world of conservative investors. It's always good to start with MMF and build your confidence or as a risk taker MMF is good for a backbone support incase one missed it with the more risky investment instrument.
That is by the way.

For the firm to go with based on your expectations, when it comes to services, no one cap fits all, it depends on individual investor and your benchmark of what you accept as good service. As for safety or risk, all MMF are low risk irrespective of the fund manager.

For me I can only give u a list base on the ones I have transacted with and where I have a go to person.

First Ally
STL
Norrenberger
TrustBanc
You can also reach me for more guidance.

I wish you all the best in your investment journey

Re: Mutual Funds by emmasoft(m): 1:01am On Jul 15

Christie171:
Pls, I'll like to confirm if these listed MMF managers reinvest interest monthly like Stanbic iBTC?

No, they reinvest interest every quarter. ie interest accrues daily but it's reinvested or paid out at the end of the quarter.

1 Like

Re: Mutual Funds by akindelelawrenc: 7:56am On Jul 15

Good morning great investor,
I need advice on this issue, this year I will clock 40yrs and I want to start investing.. this are the following investment in my mind:
Stock or equity fund, money market fund

Pls advice me should I start with one or combined today

1 Like

Re: Mutual Funds by emmasoft(m): 9:57am On Jul 15

akindelelawrenc:
Good morning great investor,
I need advice on this issue, this year I will clock 40yrs and I want to start investing.. this are the following investment in my mind:
Stock or equity fund, money market fund

Pls advice me should I start with one or combined today

@Akindelelawrence, I sent you a PM. reply let's discuss. I need to ask some more questions that may not be appropriate on a public forum so that you can be well guided.

Though one can invest at any age with many other factors in consideration, it's always advisable to start early to have advantage of time.

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