Mutual Funds - Investment (132)

Mutual Funds - Investment (132) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1513231 Views)

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Re: Mutual Funds by amaham(m): 11:55pm On Jan 03, 2019

ijeshaboy:
My online redemption since Monday is still hanging on stambic IBTc what's going on.

I did online redemption on wednesday and i got it on thursday. Maybe the cash i requested was just small

Re: Mutual Funds by Jonadull: 11:59pm On Jan 03, 2019

emmasoft:
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.

Haba boss .
Online redemption is not 5 working days I .
It’s 48 hours

Re: Mutual Funds by Jonadull: 12:00am On Jan 04, 2019

ijeshaboy:
My online redemption since Monday is still hanging on stambic IBTc what's going on.

Mail them

Re: Mutual Funds by rOsy247(f): 1:01am On Jan 04, 2019

Please which one is fbnquest? Is it first bank? It's this month I intend to start my investment so I want to be properly guided!

Re: Mutual Funds by Jonadull: 1:09am On Jan 04, 2019

rOsy247:
Please which one is fbnquest? Is it first bank? It's this month I intend to start my investment so I want to be properly guided!

Yes ,first bank

1 Like

Re: Mutual Funds by seyisanya(m): 2:32am On Jan 04, 2019

rOsy247:
Please which one is fbnquest? Is it first bank? It's this month I intend to start my investment so I want to be properly guided!

Yes, First bank. You can as well choose Stanbic IBTC, most people here use any of these two and they are both good.

1 Like

Re: Mutual Funds by rOsy247(f): 6:08am On Jan 04, 2019*

seyisanya:
Yes, First bank. You can as well choose Stanbic IBTC, most people here use any of these two and they are both good.

Thanks. I'm still confused on how the daily interest rate is calculated. Please help me out. I want to invest in money market fund.

Re: Mutual Funds by emmasoft(m): 7:44am On Jan 04, 2019

Jonathan:
Haba boss .
Online redemption is not 5 working days I .
It’s 48 hours

Yes in most cases it's less than 5 days. Infact I have gotten less than 24hrs sometime ago. What the 5 days means is the longest time to wait before raising alarm. ie what is still acceptable within the law that governs MMF. it doesn't mean it will be 5 days.

Re: Mutual Funds by lilsyd: 10:52am On Jan 04, 2019

Please who uses UNITED CAPITAL and what are they like please? Regards.

Re: Mutual Funds by ajeleomo: 11:08am On Jan 04, 2019*

Akby:
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

Thats not exactly true as it fluctuates among them, however SFS FIF has been trending highest for months now, see below interest breakdown for the month of December 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

Re: Mutual Funds by ajeleomo: 11:14am On Jan 04, 2019

rOsy247:
Thanks. I'm still confused on how the daily interest rate is calculated. Please help me out. I want to invest in money market fund.

Daily interest = principal x rate x time/100. where time = 1/365
therefore Daily interest = principal x rate /36500

Re: Mutual Funds by ajeleomo: 11:22am On Jan 04, 2019

kenkel:
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

https://secure.arm.com.ng/mywealthplanner/web/dashboard

Re: Mutual Funds by Yem0350: 11:28am On Jan 04, 2019

ajeleomo:
Thats not exactly true as it fluctuates among them, however SFS FIF has been trending highest for months now, currently at 14.48%

SFS FIF is fixed income, not money market fund . I think he was referring to MMF

Re: Mutual Funds by ernie4life(op): 11:46am On Jan 04, 2019

ajeleomo:
Thats not exactly true as it fluctuates among them, however SFS FIF has been trending highest for months now, currently at 14.48%

If you say 14.48% is highest, What about Afrinvest NIDF that closed at 19% for 2018,
truth is sentiments are shifting towards bonds thats why the yields are on the rise.

Re: Mutual Funds by ajeleomo: 12:02pm On Jan 04, 2019

ernie4life:
If you say 14.48% is highest, What about Afrinvest NIDF that closed at 19% for 2018,
truth is sentiments are shifting towards bonds thats why the yields are on the rise.

This is not as you see it, I had spoken with a representative of Afrinvest and their interest displayed is not same as how MMF interest are being calculated. You need to contact them for a better understanding as your interest is based on the difference between your entry and closing price.

I have just receieved a breakdown of interest from SFS FIF as shown below for the month of december 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

Re: Mutual Funds by Mukah1234(m): 12:02pm On Jan 04, 2019

Hey Guys!

I noticed a good part of the amount of the interest accrued to my mmmf account was deducted. I want to believe that was my interest deducted to be ploughed into the account but then, this amount is yet to be reinvested.

What could be the issue?? I hope this is not a charge??

Re: Mutual Funds by ajeleomo: 12:03pm On Jan 04, 2019

ernie4life:
If you say 14.48% is highest, What about Afrinvest NIDF that closed at 19% for 2018,
truth is sentiments are shifting towards bonds thats why the yields are on the rise.

This is not as you see it, I had spoken with a representative of Afrinvest and their interest displayed is not same as how MMF interest are being calculated. You need to contact them for a better understanding as your interest is based on the difference between your entry and closing price.

I have just received a breakdown of interest from SFS FIF as shown below for the month of december 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

Re: Mutual Funds by rOsy247(f): 12:21pm On Jan 04, 2019

ajeleomo:
Daily interest = principal x rate x time/100. where time = 1/365
therefore Daily interest = principal x rate /36500

Thanks so much. This has cleared me

Re: Mutual Funds by emmasoft(m): 12:21pm On Jan 04, 2019

lilsyd:
Please who uses UNITED CAPITAL and what are they like please? Regards.

They are ok. For me their customer care response is better than others I have used. you can chat with them online and get what you want real time.MMF interst is 12%+
https://www.unitedcapitalplcgroup.com/

Re: Mutual Funds by Akby(m): 12:38pm On Jan 04, 2019

ajeleomo:
Thats not exactly true as it fluctuates among them, however SFS FIF has been trending highest for months now, see below interest breakdown for the month of December 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

This is Fixed Income Fund not Money Market Fund I guess

Re: Mutual Funds by qizick: 3:01pm On Jan 04, 2019

How do i open an mutual fund accout with first quest i hv an accout with first bank but i really want stabic is MF done in banks

Re: Mutual Funds by Jonadull: 5:03pm On Jan 04, 2019

Oops

Re: Mutual Funds by meemeee: 5:07pm On Jan 04, 2019

Ok. Will check this up. Thanks

Re: Mutual Funds by ajeleomo: 5:24pm On Jan 04, 2019

Akby:
This is Fixed Income Fund not Money Market Fund I guess

Well it is fixed income fund but aint we here to get the best investment plan? MMF or FIF whichever pats better goes, so i stick to FIF for the best income

2 Likes

Re: Mutual Funds by lilsyd: 10:24pm On Jan 04, 2019

@ajeolomo please how is fixed income different from mmf?

Re: Mutual Funds by kenkel: 9:05am On Jan 05, 2019

ajeleomo:
https://secure.arm.com.ng/mywealthplanner/web/dashboard

thanks for the link, they sent me a membership id when i joined arm but no password. How do i get the password so i can log into my arm wealth planner

Re: Mutual Funds by ajeleomo: 2:13pm On Jan 05, 2019

kenkel:
thanks for the link, they sent me a membership id when i joined arm but no password. How do i get the password so i can log into my arm wealth planner

send them a mail as ypu need a username and password to login

Re: Mutual Funds by ajeleomo: 2:16pm On Jan 05, 2019

lilsyd:
@ajeolomo please how is fixed income different from mmf?

There is no difference between SFS FIF and MMF as all rules are the same but SFS FIF guarantees interest not less than 12% as benchmark

2 Likes 1 Share

Re: Mutual Funds by GonFreecss1: 9:59pm On Jan 05, 2019

RealityShot:
Enough of debate please.

i use my ibtc MMF like a savings account and on 10 dec i withdrew funds.
i do this regularly.

You CAN NOT withdraw everything.

You will get an error if you try to do so.

You must leave N5000 minimum bal (except you apply for account closure)
~ like kaycodes said

its just like the bank minimum of N1000.

the good thing however, is that, the N5000 will continue to earn you interest.

Jonathan: &CO

Why would you guys argue things you are not sure off. This just proves to me that it is risky to listen to people online. You came here shouting enough like you actually knew what you were saying.

I have proof you can withdraw all, I can even post it, but there is no need. People believing or not has nothing to do with me at all.

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