Dfavouredone:
Good afternoon to the mutual fund gurus. I have patiently read this thread from the beginning. But I will like to ask some few questions.

1. I observed that the interest rate of top mutual fund managers does not differ too much, so besides the rate, which of:
(a) ARM
(b) Stanbic IBTC or
(c) Investment One, is more suitable to invest in base on:

(i) Good customer service
(ii) Transparency
(iii) Ease of tracking your investment
(iv) Ease to top-up more funds and cash out and
(v) Pay tax-free interest and quick compounding interest to original capital (not waiting till quarterly).


2. Secondly, people here have constantly held the position that Balanced Fund is a better investment choice than MMF for long-term investment even though the interest rate for Balanced Fund is lesser than MMF, can someone explain why. I have attached and asteric the interest rate for both Balanced Fund and MMF for two mutual fund managers (ARM and Stanbic) as at today.

To help me get quality advice, my investment plan is long-term (Maybe 7yrs and compounding the interest) and maybe spread 5m across different of fund type.

Experience gurus, help me with advice to help me optimised my portfolio. THanks

crispgg:
Why does no one mention AIICO capital MMF? I noticed that they seem to always have the highest return out of all the MMFs.

eezeribe:

There are some methods :

(1)You can know by logging into your account, via the website (not the app).
Then check your subscription column, if you only have new subscription or top up subscription(s) under the column, it means your interests are not compounding.
But if part of your daily interests are added under your subscription column(with specific dates), it means you are on compounding.

(2)check your net inflow, if the amount you see is only the amount you used to open the mutual fund or the total of all your top ups plus initial capital, it means you are not on compounding.
But if your net inflow is higher than your initial capital plus all your top ups, it means you are on compounding.

If after all you discover you are not on compounding or this method doesn't seem clear to you, just apply for a dividend mandate modification via email or phone, and request for your interests to be reinvested.

RalphVwede:
Thank you very much. It has been on compounding mode.

CallmeX:


Where did you get the rates please?

CallmeX:
Where did you get the rates please?

RalphVwede:
Is there any particular period advisable to do a top up in order to get increased interest?

For instance, maybe exactly a month or 3 months or 6 months from time of initial investment.

eezeribe:

Of course, you can reach me on WhatsApp or email..
Do well to send a pm or drop an email...

eezeribe:

The fastest top up online is through the quick teller option.
Once you login to your account dashboard via https://www.stanbicibtcfundsmanagement.com
Click on top up and follow the link.

Or you follow the direct link :http://www.quickteller.com/siaml

But if you want to use the mobile app, you will do a transfer to
Account name :FIRST TRUSTEES /Stanbic IBTC Money market
fund
Account number :9202476223
After which you will have to send your transaction ID /reference ID to mutualfunds@stanbicibtc.com (although this option has become obsolete)

But it's more advisable to use the quick teller option for online top up.

peacengine:

Bro, I get question for u, abeg check ur mention sir

eezeribe:

There are some methods :

(1)You can know by logging into your account, via the website (not the app).
Then check your subscription column, if you only have new subscription or top up subscription(s) under the column, it means your interests are not compounding.
But if part of your daily interests are added under your subscription column(with specific dates), it means you are on compounding.

(2)check your net inflow, if the amount you see is only the amount you used to open the mutual fund or the total of all your top ups plus initial capital, it means you are not on compounding.
But if your net inflow is higher than your initial capital plus all your top ups, it means you are on compounding.

If after all you discover you are not on compounding or this method doesn't seem clear to you, just apply for a dividend mandate modification via email or phone, and request for your interests to be reinvested.

peacengine:


Sir, how often can one decide to pay into his account, can I top up like N5K monthly? Dunno how this works bro

eezeribe:

It depends on the mutual fund you are operating.
For the stanbic ibtc mmf, 5k is actually the minimum for both opening and top up, so yes, you can be topping up the 5k monthly as you desire.

peacengine:


Bro, I was confused about this too thank u for clearing the air. I asked for reinvestment, am I on track?

peacengine:


Bro I opened with N100K, I wanna top it up with N5K/month sir, appreciate ur advice bro

eezeribe:

Compounding is an automated process and is dependent on the amount of interest accrued.
So therefore, by waiting for a specific period to top up, you will be shortchanging yourself because every kobo of interest earned will be added to the next cycle of compounding , thus THE EARLIER YOU CAN TOP UP, THE BETTER.

RalphVwede:
This is explicit. Thanks

Dfavouredone:
Good evening friends,

I am having a funny experience. I just successful open an investment-one MMF and i receive my login details in an email, but i could not find where to click on their site to login - https://www.investment-one.com/funds-management/

The client login button on their site is taking me to VGIF (whereas what i open is MMF).

Any help please?

Dfavouredone:
Good evening friends,

I am having a funny experience. I just successful open an investment-one MMF and i receive my login details in an email, but i could not find where to click on their site to login - https://www.investment-one.com/funds-management/

The client login button on their site is taking me to VGIF (whereas what i open is MMF).

Any help please?

Ezeanna:
Hello my people,

I invested in FBN money market fund sometime ago (about 3 months ago), The customer ID was sent to me then and recently the login password.

Pls, how do I log in to check my investment.

Thank you.

ernie4life:



It's easy.

On the client log in click on easy trade

Then follow the steps on this pics.

Hope this helps you

Dfavouredone:


Thanks, bro. I have been able to log in successfully.

Just another question, pls. What are the options to top up my the Investment-One Abacus Mutual fund.

ernie4life:

From a GtBank account Dail *737*50*amount *83#

You will be prompted to enter your abacus account number then your pin


For other banks just do a normal bank transfer from your account to abacus account

eezeribe:

You are welcome.