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Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)
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Re: Mutual Funds by whyniel: 12:19am On Oct 08, 2015 |
feelamong: Sir, kindly help with the name of the bank and branch that offer such rate for fixed deposit. Thank you. 1 Like |
Re: Mutual Funds by feelamong(m): 9:33am On Oct 08, 2015 |
whyniel: I have used Wema bank and Heritage bank on several occasions.... If you still have any issues...just hola me on feelamong@gmail.com |
Re: Mutual Funds by sammily(m): 9:57am On Oct 08, 2015 |
I subscribed to both First Capital Money Market and Fixed Income Fund and was recently paid interest/yield on both and from my calculations, I got an interest of 13.55%pa on MMF and 11.34%pa on FIF. I like to know if others also got similar interest from First Capital and if its advisable going with the yield, to continue with the mutual fund. |
Re: Mutual Funds by whyniel: 10:47am On Oct 08, 2015 |
feelamong:Thanks. |
Re: Mutual Funds by carpenter(m): 11:07am On Oct 08, 2015 |
sammily: I think is depends on you but let me help you correct the calculation above. FIF has declared dividend twice this year and by my calculation they are @ 14.3% (for the period Dec/Jan-Oct 2015). The fund paid the first dividend for the year in April and the second in October. So if by your calculation what you have received is around 11.34% then you may have bought into the fund later than I did and as such should not use the term pa. If I am right then i can tell you ~14% dividend payment and also an increase in the value of the fund is a good deal (i have not bothered to calculate the rise in value since they go up and down, but if i were to sell my holdings now, i will be making 16.85% on my initial investment) N.B: Of course calculations will also depend on how much you paid for the fund when you bought in. I bought half of holdings in Dec and the remaining half in Jan and I have re-invested my April dividend I hope this will help you make a decision. |
Re: Mutual Funds by LordCY(m): 12:42pm On Oct 08, 2015 |
nonyowen:hello please what is this company's name and their minimum start up amount. . . . |
Re: Mutual Funds by LordCY(m): 12:54pm On Oct 08, 2015 |
nonyowen:Please I will need info on this company. . . . . . . . . . |
Re: Mutual Funds by sammily(m): 8:40pm On Oct 08, 2015 |
carpenter: Thanks Oga Carpenter, I may have been off with my calculations, will try it out again. please I would like you to enlighten me on some things on these mutual fund, I was informed that my principal is safe for the duration of the investment, that may seem correct for MMF since the price is constant at N100 but I notice that the price of the FIF fluctuates, if the price falls to say N0 tomorrow, will I loose just the yield or both yield and principal. Also, since TB rates are not looking encouraging lately, I may probably continue with it but which of the mutual fund (MMF of FIF) would you advise one invest more into for the mean time, my main consideration is low/zero risk investment. Thank you again sir, will appreciate your response. God bless... |
Re: Mutual Funds by carpenter(m): 6:42am On Oct 09, 2015 |
sammily: Nah..you may indeed be right also. I calculate based on how much i invested and how much i have gained theoretically. The fund manager will also calculate this differently...it depends on what time horizon we are looking at and hw much we paid for it. For clarity, someone that bought Transcorp at 11 naira is unhappy it is barely above 2naira, someone that bought at 50k in is overly happy with his investments. The funds are classified based on what they invest in 1. MMF is like a savings account basically but with a better yield and the fund manager tries to maintain it at 100 Naira, dividend payment may flutter from time to time. It invests in stable instruments and the risk to your money is low. Why invest? It has a low entry level (5K). The holding period is one month (if you withdraw before the end of one month, you pay a penalty). 2. FIF and HF have instruments whose nature are not stable in their composition which go up and down also hence the reason for the value fluctuating. Why invest? You can make more money in FIF and HY than MMF hypothetically but you can also lose more...they are of medium risk to high risk. As you can see above in my earlier post, MMF would make 13-14% this year but FIF has already made 16.85% (my figure which includes dividend compounded) which is the positive side of the equation, we could also be on the negative side of it. If you are looking for low risk and safety of principal then MMF is your best bet. However, if the rates of Bonds and TBills fall, be sure the effect will be felt in MMF also since that is what majority of the funds goes into. Think of MMF as you investing in Bonds and Tbills without the hassles of contacting your bank to buy these instruments on your behalf, ease of management and liquidation...of course you pay a price for all that (~1% goes into the fund manager's pocket). In my general scheme of things...it is a small price to pay for simplicity. There is a saying that no one can time the market and i agree absolutely. You can get lucky once in a while but it is a losers game, HF and FIF tries to help you with that as against you picking stocks yourself... The following might shed more light on the 3 funds from the fund manager's perspective http://www.fbncapital.com/docs/default-source/fbn-money-market-fund-fact-sheets/fbn-money-market-fund-factsheet---august-2015.pdf?sfvrsn=2 http://www.fbncapital.com/docs/default-source/fbn-heritage-fund-fact-sheets/fbn-heritage-fund-factsheet---august-2015.pdf?sfvrsn=2 http://www.fbncapital.com/docs/default-source/fbn-fixed-income-fund-fact-sheet/fbn-fixed-income-fund-factsheet---august-2015.pdf?sfvrsn=2 ****addition**** Playing around the Fund Manager's site I saw this. You would agree even your MMF % is greater than what they have here due to how the calculations are done http://www.fbncapital.com/asset-management/fund-prices |
Re: Mutual Funds by RFella(m): 9:16am On Oct 09, 2015 |
http://PayRefe.com/?ref=120352......this is real! Try it out and see! |
Re: Mutual Funds by ednut1(m): 3:27pm On Oct 09, 2015 |
RFella:get a life. Its fake |
Re: Mutual Funds by nonyowen: 5:51pm On Oct 10, 2015 |
LordCY:The company is called PARTNER WITH US i think the minimus is 10k |
Re: Mutual Funds by uceo: 6:13pm On Oct 10, 2015 |
We are an investment company based in Nigeria, certified to trade in Nigeria. we run an investment program for any person interested in long ter business and business backed by law. we give 7% interest as profit on any amount invested. you can visit our office or our website www.pennywysse.com or email me at sir.uceo@gmail.com for more info. |
Re: Mutual Funds by sammily(m): 8:16pm On Oct 10, 2015 |
carpenter: Appreciates....
|
Re: Mutual Funds by Ogborokiri(m): 8:06am On Oct 11, 2015 |
can someone past the link to stanbic mutual fund I want to check them out |
Re: Mutual Funds by LordCY(m): 11:30am On Oct 12, 2015 |
nonyowen:please can I have their website so that I check up on them. |
Re: Mutual Funds by kaze4blues(m): 6:26pm On Oct 12, 2015 |
pls my ogas in d house I will soon go for nysc by dis month ending. and I intend to save a significant part of my allawee every month. wch investment plan would u advise that I go into? thanks |
Re: Mutual Funds by ernie4life(m): 6:50pm On Oct 12, 2015 |
kaze4blues: FBN MMF is what you need |
Re: Mutual Funds by nonyowen: 8:45pm On Oct 12, 2015 |
LordCY:i believe its partner wit us.com...jst google that if its not it will lead u to d rite thing |
Re: Mutual Funds by kaze4blues(m): 9:13am On Oct 13, 2015 |
ernie4life:thanks very much sir |
Re: Mutual Funds by lynkyinka(m): 9:24am On Oct 13, 2015 |
Hello Carpenter, nice Job here can you assist with an FBN capital invesstment manager I can speak to with view to considering an MMF. Thanks |
Re: Mutual Funds by Nobody: 2:35pm On Oct 14, 2015 |
Hello lynkyinka, contact Mr Adedayo on 08141326202, he's one of their relationship managers. He will put you through on how to register, investment rates and all you need to know about MMF. |
Re: Mutual Funds by Nobody: 11:19am On Oct 15, 2015 |
YOUR INVESTMENT IS MORE SECURED WITH EQUATOR CAPITAL ASSET MANAGEMENT LIMITED; they are a composite financial service provider in Nigeria with over 10years experience within the industry. Duly regulated by CBN (Central Bank of Nigeria), licensed by SEC (Securities and Exchange Commission) and registered with NSE (Nigeria Stock Exchange) as a dealing member. They usually give a return of 15% p.a on 1million deposit, even more than that depending on your negotiation prowess as a prospective client. Their tenor ranges between 30,60, 90, 180 and 365days. You can terminate your account at any time with your full principal and your accumulated interest been returned to you; and you can also decide to roll over at maturity or restructure another investment plan. The account opening fee is FREE!!! There are other products and services which can be of benefits to you all. You can call or mail one of their Relationship officer for a comprehensive breakdown of investment products or to even invite them for a LOWRISK/HIGH YIELD INVESTMENT PRESENTATION anywhere within Lagos, Abuja, Yenagoa, Owerri, Aba and Porthacourt; they will SURELY honour your invitation. Relationship officer: Oluwatobi O. Sowale Email: osowale@equatorcapitalng.com Mobile: +2348086950295 For more information you can visit their website www.equatorcapitalng.com Or come down to their Head office @ Plot 154, Prince Ade Odedina Street , Off Ajose Adeogun Street, P. O. Box 70150 Victoria Island, Lagos State Tel: +234-1-2715250, 2715251, 2715253 PLEASE: Beware of PONZI SCAMS; do not do business with any financial institution that is not registered and licensed by the required financial institution. Thanks |
Re: Mutual Funds by Nobody: 12:15pm On Oct 15, 2015 |
You can also try EQUATOR CAPITAL ASSET MANAGEMENT LIMITED. Send a mail to osowale@equatorcapitalng.com or call Tobi on 08086950295 for a comprehensive breakdown of their Money market/treasury products. They give more than 14%pa on 1million investment. It all depends on your power of negotiation with the Account officer that will be assigned to you. whyniel: |
Re: Mutual Funds by Nobody: 1:16pm On Oct 15, 2015 |
kaze4blues: All you need is an EQUATOR PURPOSE ACCOUNT Equator Purpose Account [EPA] This provides you with a target savings programme that enables you to plan and save towards a project, holiday, marriage, education, household equipment acquisition, festival etc. Open an account with only 10% of the estimated cost of the project and a regular deposit of fixed amount over the period, Equator Capital guarantees you a return of 12% of target amount. WHT is applied. Send a mail to osowale@equatorcapitalng.com or call Oluwatobi on 08086950295 You can also visit EquatorCapital Lagos Branch/HeadOffice @ Plot 154, Prince Ade Odedina Street , Off Ajose Adeogun Street, P. O. Box 70150 Victoria Island, Lagos State Tel: +234-1-2715250, 2715251 Website: www.equatorcapitalng.com |
Re: Mutual Funds by lynkyinka(m): 12:53pm On Oct 16, 2015 |
sophie11: @Sophie Thanks |
Re: Mutual Funds by yak(m): 5:34pm On Oct 17, 2015 |
happy weekend ppl, in this era of near economic crunch, how safe is an investment in the Mutual Fund? |
Re: Mutual Funds by ernie4life(m): 6:30pm On Oct 17, 2015 |
yak: depending on the asset classification of the funds, if it's in money market then you have nothing to fear |
Re: Mutual Funds by yak(m): 6:45pm On Oct 17, 2015 |
ernie4life: ofcos its d fbn mmf |
Re: Mutual Funds by teemy(m): 1:21pm On Oct 18, 2015 |
nonyowen:Hi, any updates on your withdrawal? |
Re: Mutual Funds by Kennybiz27(m): 10:09pm On Oct 18, 2015 |
I got so interested in the topic. My advice is just use it as a saving account u don't want to access and place standing order every month. If u don't have time like me, use ARM the have the best online platform. Greetings 1 Like 1 Share |
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