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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (971359 Views)
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 emmasoft(m): 7:02pm On Jan 22, 2020 |
emmanuelewumi: In addition to @emmanuelewumi if you think 3 to 5years looks far too long, you can also look at d way of VGIF manage by investment one going by the nature and operations of fund it fits well to your risk appetite. The capital is guaranteed with a 8.5% rate bench marked with SDF rate that is also guaranteed + 35% of the funds net profit which varies base on profit By picking the option to reinvest you will achieve your goal. You can also cash out anytime after the first 6 months or hold as long as you wish. In summary I advice go for Bond long term or VGIF medium with reinvest option. 1 Like |
Re: Mutual Funds by emmanuelewumi(m): 7:06pm On Jan 22, 2020 |
emmasoft: You are really marketing Investment one products, which of the branches are you? I have a stock broking account at your head office, Titi Sunmola is my account officer, 2 Likes |
Re: Mutual Funds by ernie4life(m): 7:09pm On Jan 22, 2020 |
emmanuelewumi: No spoil this guy biz 2 Likes |
Re: Mutual Funds by faoogoke(m): 7:37pm On Jan 22, 2020 |
olujaidi: Thank you. The reason I invested in the Bond fund was that its advertised interest rate of around 10.3% is higher than their MMF of 7.2%. So I decided to go for bond fund. The reason why I am a bit surprised at your submission because they advertised an interest rate of over 10% which would imply increase in my funds not decrease. The finally got back on my email and WhatsApp inquiry that they were sorry about the inconvenience and would get back to me as to what happened to my account. I am still awaiting. |
Re: Mutual Funds by zohan101: 8:43pm On Jan 22, 2020 |
Hello everyone..Has FBN quest subscribers notice that Interest for the past 2days has not been paid?? |
Re: Mutual Funds by billtommy(m): 8:54pm On Jan 22, 2020 |
Which is better better eurobond from firstbank or stanbic |
Re: Mutual Funds by fungirl89(f): 10:20pm On Jan 22, 2020 |
zohan101:Yeah, you are right 1 Like |
Re: Mutual Funds by faoogoke(m): 11:10pm On Jan 22, 2020 |
zohan101:I have stopped bothering as to if they have credited my accrued interest for the day. Don't give yourself unnecessary headache either. They seem to add the days together on other days. 2 Likes |
Re: Mutual Funds by emmasoft(m): 11:35pm On Jan 22, 2020 |
faoogoke: In as much as effeciency is not to be compromised, sometimes let's remember these fund managers are also operating in though business environment like any other Nigerian company.situations are hardly ideal. Issues comes up sometimes but be rest assured that they have regulators who are always on their neck for compliance. There is a system in place clients will not be cheated. Just know it that any issues bordering on interest, services or discripancies of any form will always be corrected in no time. It's well and God will bless our hustling. 5 Likes |
Re: Mutual Funds by Franky826: 1:18am On Jan 23, 2020 |
After 2 days 21-01-2020 and 22-02-2020. Fbn decided to only pay for 1 day? I'm not understanding. Anyone noticed this? |
Re: Mutual Funds by zohan101: 2:11am On Jan 23, 2020 |
Honestly dont get them at all..I noticed it too.Or is it that rate for MMF has dipped to 3-4% ?? This guys should know ppl will monitor theit investments and ask questions..smh Franky826: |
Re: Mutual Funds by olujaidi: 7:02am On Jan 23, 2020 |
faoogoke: What was the offer price of each unit when you invested. Compare that to the offer price now and calculate the percentage difference 1 Like |
Re: Mutual Funds by emmasoft(m): 7:46am On Jan 23, 2020 |
emmanuelewumi:My oga that is what I signed with them oh. Good to know you are also a client. 1 Like |
Re: Mutual Funds by emmasoft(m): 8:27am On Jan 23, 2020 |
faoogoke: https://nairametrics.com/2019/12/26/how-to-build-a-profitable-mutual-fund-portfolio/ |
Re: Mutual Funds by Franky826: 11:08am On Jan 23, 2020 |
[quote author=zohan101 post=86030942] Honestly dont get them at all..I noticed it too.Or is it that rate for MMF has dipped to 3-4% ?? This guys should know ppl will monitor theit investments and ask questions..smh [quote] Update! Just checked my dashboard now and they've added the remainder. Waiting for today's own. 1 Like |
Re: Mutual Funds by faoogoke(m): 11:52am On Jan 23, 2020 |
faoogoke: They sent me a message this morning that they had a system glitch. They gave assurances that my account balance would be normalized shortly. So, I guess its not what the friend in the first response thought. But we still wait. Thank you all for your responses. 1 Like |
Re: Mutual Funds by benedictuyi(m): 2:29pm On Jan 24, 2020 |
Jumia is now into mutual funds. I hope they provide good rates 1 Like |
Re: Mutual Funds by singletech(m): 5:18pm On Jan 24, 2020 |
benedictuyi:OK, link to there mutual fund rate |
Re: Mutual Funds by titilope07: 5:57pm On Jan 24, 2020 |
benedictuyi:they don't, it's AXA money market fund. 1 Like |
Re: Mutual Funds by emmasoft(m): 6:15pm On Jan 24, 2020 |
January is almost gone if you are waiting for high rate before you invest by leaving your money idle in your hands, You are losing from both side because the money is depreciating and there is no addition whatsoever. In physics there will be work done only when a force moves or cover a distance, no matter how little the distance. So there is work (profit) when force (Money) cover a distance(is invested). Be wise! 8 Likes |
Re: Mutual Funds by benedictuyi(m): 6:48pm On Jan 24, 2020 |
titilope07:Ohh. Thanks for the correction 1 Like |
Re: Mutual Funds by Donbrig: 6:49pm On Jan 24, 2020 |
I want to thank all the gurus in the house, I have learnt a lot from you guys. Pls, the percentage stockbroking firms are charging, is it pct on the capital invested or interest from the capital invested? I want to invetst with Quantumzenith's mutual fund, pls who amongst you have any experience with them and how they operate? Quatumzenith is the investment arm of Zenithbank. 1 Like |
Re: Mutual Funds by bettylizzy(f): 9:11pm On Jan 24, 2020 |
Please. What's the interest rate for ARM? civilserva: |
Re: Mutual Funds by singletech(m): 1:23am On Jan 25, 2020 |
bettylizzy:Whats the current rate of arm? 1 Like |
Re: Mutual Funds by fungirl89(f): 1:47am On Jan 25, 2020 |
singletech:8.49% |
Re: Mutual Funds by odontoid1: 10:14am On Jan 25, 2020 |
singletech: You can always check the current interest rate of ARM via this link: https://www.arminvestmentcenter.com/MutualFunds/Details/1003 1 Like |
Re: Mutual Funds by singletech(m): 9:08pm On Jan 25, 2020 |
odontoid1:OK thanks, arm is backup by which bank? |
Re: Mutual Funds by olujaidi: 6:19am On Jan 26, 2020 |
singletech: No bank |
Re: Mutual Funds by codeME: 9:28am On Jan 26, 2020 |
hello great people, i want to be investing a percentage of my income every month on something, which is the best way to go on all these discussions. i will really appreciate good advice. thanks. 2 Likes |
Re: Mutual Funds by kryptem: 1:41pm On Jan 26, 2020 |
codeME:If you have followed the discussion on this thread so far, varied number of Mutual Fund Operators have been mentioned such as ARM, STANBIC MMF, Investment One, FBN Quest etc. You can make your choice among the many and be doing the monthly commitment.... Go the MMF way and make a choice that meets your investment goals. Note that you can get the emails of these investment houses and make your direct and specific enquries as regards their modus operandi. 2 Likes |
Re: Mutual Funds by emmasoft(m): 1:46pm On Jan 26, 2020 |
codeME:Abacus money market fund managed by investment one will be of help on your investment goal. Check my signature for link to open account online and my contact number for any further enquiry 1 Like |
Re: Mutual Funds by DaniellaDokubo(f): 3:02pm On Jan 26, 2020 |
@emmanuelewumi and @emmasoft Please when was the last time interest rates dropped this low? Secondly, my company had a financial strategy session last week where Mr Bismarck Rewane was invited to speak and he mentioned in passing that the rates are expected to be back up sometime mid year. Do you agree with this or do you have other information regarding when rates will bounce back. Thirdly a friend who is a former Finance controller mentioned that the rates are typical of a post election year, how true or valid is this position? Any other contribution from any one is also highly welcome. By the way I don't like the interest I am getting on my 9.6m in FBN quest it's really discouraging and not what I bargained for...lol |
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