Mutual Funds - Investment (538)

Mutual Funds - Investment (538) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1637756 Views)

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Re: Mutual Funds by UncleJudax(m): 2:58pm On Aug 11*

Please which MMF platforms have the best fastest withdrawal?

1 Like

Re: Mutual Funds by AncestralPowers: 3:41pm On Aug 11

Norrenberger is 17.43% today, not bad.. but Norrenberger has all it takes to improve on their daily rates...

Re: Mutual Funds by UncleJudax(m): 4:15pm On Aug 11

AncestralPowers:
Norrenberger is 17.43% today, not bad.. but Norrenberger has all it takes to improve on their daily rates...

GT 17.4...🫠

1 Like

Re: Mutual Funds by emmasoft(m): 6:00pm On Aug 11

UncleJudax:
GT 17.4...🫠

Always note that what is displayed by GT fund managers is gross; this is always stated at the bottom of their display. You will need to remove the management fees to get the net yield.

3 Likes

Re: Mutual Funds by Batman2412(m): 7:03pm On Aug 11

UncleJudax:
Please which MMF platforms have the best fastest withdrawal?

United Capital: 2 minutes redemption for funds under N2million

2 Likes

Re: Mutual Funds by Iamblessed8888: 7:14pm On Aug 11

UncleJudax:
Please which MMF platforms have the best fastest withdrawal?

First ally. You can withdraw 5m or more even on Saturday. I think sunday too

Stanbic is up there these days surprisingly. I think that’s the bribe for their low rates. Stanbic you get credited before u even click withdraw lol

2 Likes

Re: Mutual Funds by UncleJudax(m): 8:05pm On Aug 11*

emmasoft:
Always note that what is displayed by GT fund managers is gross; this is always stated at the bottom of their display. You will need to remove the management fees to get the net yield.

News to me!

Where to find this info?

Gtworld or gtfundmanagers.com

Also, which MMF actually does what you see is what you get? No additional management fee, witholding tax etc

Re: Mutual Funds by Emmanuel2179: 3:35am On Aug 12

Please, anyone experiencing delay in subscription request, stanbic mmf - Did a subscription yesterday and it's yet to impact on my asset page. This was done before 12:00pm.
Kindly advise please.

Re: Mutual Funds by Free2Fly: 7:40am On Aug 12

akindelelawrenc:
STL ASSETS MANAGEMENT ..there money market fund is currently 19.01%

What's their App's name?

Re: Mutual Funds by Free2Fly: 7:56am On Aug 12

emmasoft:
Always note that what is displayed by GT fund managers is gross; this is always stated at the bottom of their display. You will need to remove the management fees to get the net yield.

How about First Ally, Norrenberger and STL Asset Mgt, please?
Are the displayed interests net or gloss?

Re: Mutual Funds by milanseedorf(m): 10:06am On Aug 12

AXA manzard rate has remained at 15% since this year, why them no dey improve like others naa

2 Likes

Re: Mutual Funds by BelieverDE: 11:40am On Aug 12

Is it just me or has Cardinalstone prevented non-CSOP holders from seeing the performance of the fund?

Re: Mutual Funds by akindelelawrenc: 11:46am On Aug 12

Free2Fly:
What's their App's name?

1click by STL

1 Like

Re: Mutual Funds by Free2Fly: 12:34pm On Aug 12

akindelelawrenc:
1click by STL

Alright

2 Likes

Re: Mutual Funds by Babygal2020(f): 1:20pm On Aug 12

AncestralPowers:
Most of us are still with Stanbic mmf, just that our bulk fund is no longer with them....

You get the point now..

Oh

I have over 50M there. I dey manage their low rate.

1 Like

Re: Mutual Funds by AncestralPowers: 2:57pm On Aug 12

You are losing a whole lot of money on daily basis, you could redeem your money asap and port to another fund manager with better rates, I would suggest either Norrenberger or First-Ally. Just leave about 50k with stanbic mmf..

I so much like seeing women invest their money.......

Babygal2020:
Oh

I have over 50M there. I dey manage their low rate.

4 Likes

Re: Mutual Funds by runny7: 2:58pm On Aug 12

UncleJudax:
Please which MMF platforms have the best fastest withdrawal?

ARM

3 Likes

Re: Mutual Funds by frank417: 3:26pm On Aug 12*

Comment removed by author

1 Like

Re: Mutual Funds by Nickymezor(f): 9:59pm On Aug 12

UncleJudax:
Please which MMF platforms have the best fastest withdrawal?

Chapelhilldenham

1 Like

Re: Mutual Funds by NothingDoMe: 10:08pm On Aug 12

UncleJudax:
GT 17.4...🫠

Seriously? 😲

1 Like

Re: Mutual Funds by NothingDoMe: 10:15pm On Aug 12

Emmanuel2179:
Please, anyone experiencing delay in subscription request, stanbic mmf - Did a subscription yesterday and it's yet to impact on my asset page. This was done before 12:00pm.
Kindly advise please.

I speculate they've been having issues with a lot of redemptions. My relationship manager dey dodge my mails sef.

AncestralPowers:
You are losing a whole lot of money on daily basis, you could redeem your money asap and port to another fund manager with better rates, I would suggest either Norrenberger or First-Ally. Just leave about 50k with stanbic mmf..

I so much like seeing women invest their money.......

You are right. I've told them to liquidate and move to a primary T-Bill auction.

The T-bills offered on the Stanbic Asset Management platform are from a secondary market.

2 Likes

Re: Mutual Funds by chelseamann(m): 10:23pm On Aug 12

AncestralPowers:
Norrenberger is 17.43% today, not bad.. but Norrenberger has all it takes to improve on their daily rates...

is our capital really safe with this guys compare to stanbic and other commercial banks? I understand they have a better rate but I'm just skeptical

1 Like

Re: Mutual Funds by professore(m): 10:30pm On Aug 12

Please how long does it take to open StanbicIBTC money market mutual trust fund account.

I have been there since the 5th of August, till now they have not opened the account.

A banker now told me it takes 5 to 6 working days to open it (another had earlier told me it takes 48hrs)

Should I just walk in, ignore the two of them and walk straight to report to the branch manager. What do you advise please somebody tell me because I am very angry with them?

Re: Mutual Funds by emmasoft(m): 11:16pm On Aug 12

UncleJudax:
News to me!

Where to find this info?

Gtworld or gtfundmanagers.com

Also, which MMF actually does what you see is what you get? No additional management fee, witholding tax etc

Anytime GT Fund managers sends you funds performance of their various mutual funds check the bottom of the message a clause is always written there informing investors that the rate displayed are gross.

The industrial rule is that fund managers are to display net rate otherwise it should be stated just as GT Fund manager is doing.

Re: Mutual Funds by emmasoft(m): 11:53pm On Aug 12*

chelseamann:
is our capital really safe with this guys compare to stanbic and other commercial banks? I understand they have a better rate but I'm just skeptical

@chelseamann, please note that the level of capital protection in a MMF is generally driven more by the fund’s structure, regulatory oversight, asset quality and risk management than by the name of the fund manager.

Once an MMF is properly regulated and has the appropriate independent parties involved which including:

- A licensed Fund Manager
- An independent Custodian Bank that is not related to the Fund Manager
- A Trustee
- SEC regulatory oversight

Ie the fund operates within a regulated framework with checks and balances. It's safe to invest in.

Therefore, no one MMF is materially safer than another simply because of the Fund Manager's name or affiliation, provided both funds are properly regulated and professionally managed.

By the way this topic have been addressed by many contributors on this thread.
You can also check my previous post on the issue of safety of investors funds in MMF.

In most cases, the choice of MMF by experienced investor, is more driven by rate, customer service, ease of portal/app navigation etc rather than name.

5 Likes

Re: Mutual Funds by emmasoft(m): 11:55pm On Aug 12

Free2Fly:
How about First Ally, Norrenberger and STL Asset Mgt, please?
Are the displayed interests net or gloss?

Displayed rates for the two mentioned fund managers are net.

1 Like

Re: Mutual Funds by chelseamann(m): 4:34am On Aug 13

emmasoft:
@chelseamann, please note that the level of capital protection in a MMF is generally driven more by the fund’s structure, regulatory oversight, asset quality and risk management than by the name of the fund manager.

Once an MMF is properly regulated and has the appropriate independent parties involved which including:

- A licensed Fund Manager
- An independent Custodian Bank that is not related to the Fund Manager
- A Trustee
- SEC regulatory oversight

Ie the fund operates within a regulated framework with checks and balances. It's safe to invest in.

Therefore, no one MMF is materially safer than another simply because of the Fund Manager's name or affiliation, provided both funds are properly regulated and professionally managed.

By the way this topic have been addressed by many contributors on this thread.
You can also check my previous post on the issue of safety of investors funds in MMF.

In most cases, the choice of MMF by experienced investor, is more driven by rate, customer service, ease of portal/app navigation etc rater than name.

thanks for taking your time again to reply me.

Re: Mutual Funds by UncleJudax(m): 6:59am On Aug 13*

emmasoft:
Anytime GT Fund managers sends you funds performance of their various mutual funds check the bottom of the message a clause is always written there informing investors that the rate displayed are gross.

The industrial rule is that fund managers are to display net rate otherwise it should be stated just as GT Fund manager is doing.

Oh..thanks..may have seen that...had thought you meant on the app. Anyway the apps are hardly info-rich.

May have to move most of my equity to a fixed deposit or something...need the most yield since I don't have any use for it atm.

Thanks again

1 Like