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Re: Mutual Funds by DrOBD(m): 12:42pm On Jan 02, 2019 |
Hey guys. I'm new to this money market fund. I have subscribed to IBTC MMF. I noticed my interest only accumulates on work days. Is this the norm. I heard interest should be daily irrespective (including weekend and public holidays). Experts in the house, please clarify. |
Re: Mutual Funds by Psychodavidovic(m): 1:16pm On Jan 02, 2019 |
DrOBD: Interest on days gets added on the next available work day. Lets say you earn 100 naira daily, on Saturday nothing will be added, on Sunday nothing will be added and on monday, 300 will be added. 3 Likes |
Re: Mutual Funds by DrOBD(m): 9:34pm On Jan 02, 2019 |
Psychodavidovic: Thanks. Is the interest constant or it fluctuates... |
Re: Mutual Funds by DrOBD(m): 9:35pm On Jan 02, 2019 |
Psychodavidovic: What about public holidays |
Re: Mutual Funds by netzro(m): 10:52pm On Jan 02, 2019 |
Please help me on how to subscribe using the app |
Re: Mutual Funds by Yem0350: 11:20pm On Jan 02, 2019 |
DrOBD:Fluctuates |
Re: Mutual Funds by Yem0350: 11:20pm On Jan 02, 2019 |
netzro:Download their app |
Re: Mutual Funds by DrOBD(m): 11:35pm On Jan 02, 2019 |
Yem0350: Thanks |
Re: Mutual Funds by seyisanya(m): 12:14am On Jan 03, 2019 |
I just logged on to my fbnquest account and was surprised to see that the current value of my portfolio was reversed to the initial invested amount. Consequently, total accumulated units have also been reversed to the principal units. Did you or anyone else experience the same?. This is not funny at all oooo michael18: |
Re: Mutual Funds by Yem0350: 7:42am On Jan 03, 2019 |
seyisanya:This is normal if you selected the reinvestment option. Hence, your accrued interest or units has been invested (now your capital) |
Re: Mutual Funds by seyisanya(m): 8:11am On Jan 03, 2019 |
Many thanks for your response, Yemi. You are right, I selected the reinvestment option but I expected that the accrued interest would be added to my previous capital before the reinvestment of the cumulative sum. Yem0350: |
Re: Mutual Funds by emmasoft(m): 9:06am On Jan 03, 2019 |
seyisanya:Bros. be patient. they are updating data. usually within the first week of a new quarter they will update so that those who opt for reinvestment of their interest will be done while interest will be paid to those who opt for payment of interest at each quarter. don't worry yourself your investment is intact. However if after Friday of next week you have such issue send mail to ccu@fbnquestmb.com |
Re: Mutual Funds by seyisanya(m): 9:48am On Jan 03, 2019 |
emmasoft:Thanks Emmasoft! All sorted now, I actually enjoy their service. Infact, I just made additional funds towards my MMF investment. I really appreciate the time you dedicated towards responding to my concern. |
Re: Mutual Funds by seyisanya(m): 9:50am On Jan 03, 2019 |
Yem0350:All sorted now. Thanks once again. |
Re: Mutual Funds by Yem0350: 10:38am On Jan 03, 2019 |
seyisanya:Pls, what is their current interest rate for money market ? |
Re: Mutual Funds by emmasoft(m): 10:51am On Jan 03, 2019 |
Yem0350: 13.40% as at 31st Dec. 2018 https://fbnquest.com/asset-management/fund-prices-and-performance/?nav= |
Re: Mutual Funds by Akby(m): 2:22pm On Jan 03, 2019 |
Nice thread I must say... I think a higher percentage of people on here subscribed to FBN and IBTC. I actually think ARM returns a slightly higher percentage than others. My opinion tho after studying the market for months |
Re: Mutual Funds by AbbyE: 2:47pm On Jan 03, 2019 |
Stanbic Gurus, please how soon does SIBTC pay dividends for bonds/equity funds for the year ended 31 December 2018?. AXA paid theirs on 31 December |
Re: Mutual Funds by Yem0350: 2:51pm On Jan 03, 2019 |
Akby:What is ARM rate? |
Re: Mutual Funds by Bulaveur: 3:21pm On Jan 03, 2019 |
Ias1: You mean 500k will give you just 30k after 6months? |
Re: Mutual Funds by Akby(m): 3:44pm On Jan 03, 2019 |
Yem0350: Yesterday was 12.98% Axa was 12.1% IBTC was I think 12% The trend goes on and on. Hope I'm not hurting other agents on here? Just trying to be as objective as possible. Thanks |
Re: Mutual Funds by Yem0350: 4:26pm On Jan 03, 2019 |
Akby:Can anybody give us FBN MMF as at yesterday? |
Re: Mutual Funds by emmasoft(m): 4:34pm On Jan 03, 2019 |
Yem0350: FBN as at 02 01 2019 13.14% https://fbnquest.com/asset-management/fund-prices-and-performance/?nav= |
Re: Mutual Funds by Yem0350: 4:37pm On Jan 03, 2019 |
emmasoft:Hence, FBN is better than ARM then. Also, this may change as time goes on. |
Re: Mutual Funds by Akby(m): 4:53pm On Jan 03, 2019 |
Yem0350: Well I don't know much about FBNQuest but I'll understudy them for the next one month as the figure fluctuates daily. If their performance is better, I'll be moving my funds there no doubt |
Re: Mutual Funds by od4life(m): 4:55pm On Jan 03, 2019 |
Bulaveur:Bros you think say na kalo' kalo? Or ponzi scheme that promises nonexistent bogus profit margins? LMAO! 3 Likes |
Re: Mutual Funds by kenkel: 6:44pm On Jan 03, 2019 |
Please can someone tell me how to monitor my profit on arm money market fund. I have not recieved any message regarding my profit for over a month now |
Re: Mutual Funds by Jonadull: 6:46pm On Jan 03, 2019 |
od4life: |
Re: Mutual Funds by Yem0350: 7:02pm On Jan 03, 2019 |
kenkel:Login and check your accrued interest |
Re: Mutual Funds by ijeshaboy: 9:01pm On Jan 03, 2019 |
My online redemption since Monday is still hanging on stambic IBTc what's going on. |
Re: Mutual Funds by emmasoft(m): 9:59pm On Jan 03, 2019 |
od4life: low risk low profit, high risk high profit. it's up to you. invest base on your level of risk appetite. |
Re: Mutual Funds by emmasoft(m): 10:02pm On Jan 03, 2019 |
ijeshaboy:officially waiting time is 5 working days. it's still normal. you can complain after COB on Monday if you have not got credit alert. |
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