₦airaland Forum

ernie4life:
Well it depends on a some factors

How much do you want to invest?
If you have a huge amount, say 1million and above I would probably say you just buy treasury bills instead of mutual funds for NOW

Can you lock up your finds for at least a year?‎
If you are not ready to lock up your funds for a year then I will advice you go for mutual funds, even if you have more than 1million the current yields right now in mutual funds beat treasury bills for both 91 days and 182days. But if you can lock your funds for a year then it's better you do treasury bills for 365days.
‎
Would you like flexibility in your portfolio? 
What I mean is would you like to be adding more funds to your portfolio whenever you have extra funds to invest and you want them all to run as one investment? If yes then you should stick to mutual funds if no then treasury bills is yours to do.


There are many Mutual funds company offering competitive returns with great service delivery like 

ARM
Investment-one funds mgt
Stanbic ibtc etc‎

The above are based on current economic conditions and can change at anytime 

Happy investing ‎
Hi E,
Got a quick question for you. Why is it advisable to invest 1M and above in Tbills for 365 than to invest same in MF?Is the ROI higher?Kindly respond.

CuteRedd:
Hello ernie4life, for mutual funds is it a must to continue to add money to the initial investment made?

Also do stanbic IBTC MMF have charges on investment made?

adegokekemi:
Pls house what is the minimum amount someone can invest in stanbic money market. Thanks

ukay2:
I think 50k

Investnow2017:
Current rate is 18.3% on the average. But actual is 17.6% You can only with after 30days of initial subscription. And withdrawal is in installment of N2.5m

adegokekemi:
PLS can you enlight me more on stanbic money market in terms of
Management fee
How to calculate the quarterly interest
The procedure involve

Investnow2017:
On the fund redemptions I have done so far, there has been no management fee, or any kind of fee, except the paltry N250 or so, in fact less than N500 being deducted not even by IBTC but UBA through which they route the fund to your account. I am talking about redemptions even as much as eight digits!

Since they too are into the money market, it works like the computations we have all learned here with TBills. From their Stanbic IBTC App you can monitor what your fund earns on a daily basis. Your daily earnings are summed up at the end of every quarter and credited to your mutual fund account to increase your initial Principal and it is upon this further earnings will be based. In other words, your fund is compounded every quarter, that is the earning power where you have a sizeable fund in your account. And they always encourage that you do not withdraw your earnings so you can leverage on the compound interests being paid quarterly.

The App always shows you the cumulative earnings as the quarter runs. Easy for you to determine always what your fund pays you monthly - No tax, no other deductions apart from the less than five hundred naira fee deducted by UBA.

The rates are currently, as of yesterday, 17.5% The sweet thing is watching your money grow everyday. You can withdraw online, you don't need to visit any of their branches. If you are making a huge top up though, it is advised you go to your bank or any bank so you can get the teller to post to your Account Officer, and once they receive credit, your mutual fund account can be credited the same day - so your money can continue to work for you.

It has been a pleasant experience with them, and I admire them for their thoroughness and efficiency. And they are about the largest mutual fund in Nigeria as at today with over N90billion in their kitty.

So far so good.

sgtponzihater1:
How can those outside Lagos Benefit from Stanbic Mutual Fund. Thanks

Investnow2017:
Call: 01280 5595

Investnow2017:
On the fund redemptions I have done so far, there has been no management fee, or any kind of fee, except the paltry N250 or so, in fact less than N500 being deducted not even by IBTC but UBA through which they route the fund to your account. I am talking about redemptions even as much as eight digits!

Since they too are into the money market, it works like the computations we have all learned here with TBills. From their Stanbic IBTC App you can monitor what your fund earns on a daily basis. Your daily earnings are summed up at the end of every quarter and credited to your mutual fund account to increase your initial Principal and it is upon this further earnings will be based. In other words, your fund is compounded every quarter, that is the earning power where you have a sizeable fund in your account. And they always encourage that you do not withdraw your earnings so you can leverage on the compound interests being paid quarterly.

The App always shows you the cumulative earnings as the quarter runs. Easy for you to determine always what your fund pays you monthly - No tax, no other deductions apart from the less than five hundred naira fee deducted by UBA.

The rates are currently, as of yesterday, 17.5% The sweet thing is watching your money grow everyday. You can withdraw online, you don't need to visit any of their branches. If you are making a huge top up though, it is advised you go to your bank or any bank so you can get the teller to post to your Account Officer, and once they receive credit, your mutual fund account can be credited the same day - so your money can continue to work for you.

It has been a pleasant experience with them, and I admire them for their thoroughness and efficiency. And they are about the largest mutual fund in Nigeria as at today with over N90billion in their kitty.

So far so good.

Thanks so much.

Investnow2017:
On the fund redemptions I have done so far, there has been no management fee, or any kind of fee, except the paltry N250 or so, in fact less than N500 being deducted not even by IBTC but UBA through which they route the fund to your account. I am talking about redemptions even as much as eight digits!

Since they too are into the money market, it works like the computations we have all learned here with TBills. From their Stanbic IBTC App you can monitor what your fund earns on a daily basis. Your daily earnings are summed up at the end of every quarter and credited to your mutual fund account to increase your initial Principal and it is upon this further earnings will be based. In other words, your fund is compounded every quarter, that is the earning power where you have a sizeable fund in your account. And they always encourage that you do not withdraw your earnings so you can leverage on the compound interests being paid quarterly.

The App always shows you the cumulative earnings as the quarter runs. Easy for you to determine always what your fund pays you monthly - No tax, no other deductions apart from the less than five hundred naira fee deducted by UBA.

The rates are currently, as of yesterday, 17.5% The sweet thing is watching your money grow everyday. You can withdraw online, you don't need to visit any of their branches. If you are making a huge top up though, it is advised you go to your bank or any bank so you can get the teller to post to your Account Officer, and once they receive credit, your mutual fund account can be credited the same day - so your money can continue to work for you.

It has been a pleasant experience with them, and I admire them for their thoroughness and efficiency. And they are about the largest mutual fund in Nigeria as at today with over N90billion in their kitty.

So far so good.

sgtponzihater1:
How can those outside Lagos Benefit from Stanbic Mutual Fund. Thanks

talktrue1:
visit any stanbic ibtc bank and they will process it for you.

NoQualms1:
I have been trying to fund my MMF account using my Stanbic IBTC mobile app but I've not been successful. Can someone please put me through?

Aye1:
Is it possible to loose your capital in Stanbic IBTC money market? I have 8 figure investment with them and am planning to add more fund but was advised by my contact not to do it incase there is shift in the market. I am ready for any interest rate fluctuation but not lose of capital. Please advise me if I should increase my fund or not. I really want to know if any market circumstance can cause one to lose his capital in money market.

talktrue1:
visit any stanbic ibtc bank and they will process it for you.

Mup4life:
Pls i hope to invest 7figures, is it advisable to go for MMF or T-BILLS? Thnks in advance for your answers.

ernie4life:
it all depends on your investment goal

if you are looking at 1 year and wont mind locking up your funds and with no intention of adding then tbills will probably do it for you,
but if you looking at short term, will like to do additions of any amount when you have the mmf is the deal,

both offer almost same rates or better still you can split the funds

Mup4life:
Thnks, i guess in both investment compounding is allowed?

ernie4life:
Hello house,

I just noticed that there are some other mutual funds performing far better than money market funds, some of the funds have done 25% YTD,
especially the ones that there asset class include equity, real estate etc.

who else has noticed this noticed this.