Mutual Funds - Investment (226)

Mutual Funds - Investment (226) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1535679 Views)

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Re: Mutual Funds by richforever123: 3:27pm On Feb 13, 2020

rinw:
looks like its about time to pull out of MMF, here is Stanbic rate in last 30 days. Will it ever rise again?

Pull out to where?

I have been looking at Companies like Piggyvest and Cowryrise that give out 15% a year with payment upfront, I cannot guess how they are able to achieve such high-interest rates in these times, they say they because they have huge funds they negotiate well with investment houses like AIICO and Meristem, but even these investment houses don't give such rates, I really do not understand

4 Likes

Re: Mutual Funds by reservd(m): 3:34pm On Feb 13, 2020

Ezeanna:
FBNQUEST is really vexing me now o.

The little money I transferred to them for top up of my fixed income fund account is yet to reflect after a whopping 10 days, since 03/02/20.

Did I miss any memo about a delay in their services?

This situation is not funny to me.

How will take up to that long for top up wen it takes arnd 24hrs to withdraw. You must have done something wrong

1 Like

Re: Mutual Funds by Pesuzok(m): 4:24pm On Feb 13, 2020

rinw:
looks like its about time to pull out of MMF, here is Stanbic rate in last 30 days. Will it ever rise again?

Where are you pulling to?

1 Like

Re: Mutual Funds by athorello(m): 8:32pm On Feb 13, 2020

rinw:
looks like its about time to pull out of MMF, here is Stanbic rate in last 30 days. Will it ever rise again?

I wanted to post this earlier... But the matter off me. lipsrsealed

Re: Mutual Funds by ainadamilola: 12:05am On Feb 14, 2020

Guys, I don't know if you guys are experiencing this stupid deduction from Stanbic mmf o. The interest is very low and they are deducting anyhow. Not up to a month and they have deducted plenty money from my small interest. Please house, is there anything I need to do to stop this nonsense? Or something I need to know? It's getting too much. They're deducting almost /more than they give � people help me

Re: Mutual Funds by freeman67: 7:12am On Feb 14, 2020

ainadamilola:
Guys, I don't know if you guys are experiencing this stupid deduction from Stanbic mmf o. The interest is very low and they are deducting anyhow. Not up to a month and they have deducted plenty money from my small interest. Please house, is there anything I need to do to stop this nonsense? Or something I need to know? It's getting too much. They're deducting almost /more than they give � people help me

How do you come to the conclusion that they have been deducting from your interest.?

I believe what they have been doing that you see as deductions is actually reinvestment of the interest for you.

To understand what is actually happening with your account/fund you will need to monitor your account daily for a while.

Forget where they write interest. Write down the your main balance and subtract your previous balance every week/business day. When you do this for a while you will discover that they have not been deducting.

3 Likes

Re: Mutual Funds by Ezeanna: 9:12am On Feb 14, 2020

reservd:
How will take up to that long for top up wen it takes arnd 24hrs to withdraw. You must have done something wrong

That might be the case.

I only used my customer ID number in the narration without adding my full name, as that is the way I had always done the narration before now, although I also sent an evidence of payment by mail to them on same day as the transfer, which they acknowledged.

I only just got to know from gabby18's post that the process had changed, I must have missed that memo somehow.

Anyway, I have called and messaged them, they said they are working on resolving the issue. I hope the resolution is done promptly.

2 Likes

Re: Mutual Funds by MikkySmiles(m): 6:01pm On Feb 14, 2020

I am at a cross-road right now, i want to invest in eurobond dollar fund, but i don't know which one to pick between fbnquest, StanbicIBTC and United capital. Which one should i go for out of the three based on the best interest rate, customer service and safety of my life savings i Intend to invest.

Please i need contributions on this, so that i can make a decision as soon as possible.

Re: Mutual Funds by richforever123: 7:19pm On Feb 15, 2020

emmasoft:
Yes it's. The 8.5% is the bench mark with the SDF which is guaranteed ie it can't be less. The extra depends on the profit of the fund. The good news is that there is always extra profit from the fund yearly which is always added to the bench mark.

I have discovered that your rates are around 4% and nowhere near 8.5%, I also noticed that the 8.5% has been deleted from your website

Re: Mutual Funds by benedictuyi(m): 8:50pm On Feb 15, 2020

MikkySmiles:
I am at a cross-road right now, i want to invest in eurobond dollar fund, but i don't know which one to pick between fbnquest, StanbicIBTC and United capital. Which one should i go for out of the three based on the best interest rate, customer service and safety of my life savings i Intend to invest.

Please i need contributions on this, so that i can make a decision as soon as possible.

Stanbic eurobond rate is at 6.92 percent
United capital is between 6 to 7 percent

1 Like

Re: Mutual Funds by emmasoft(m): 12:23am On Feb 16, 2020

richforever123:
I have discovered that your rates are around 4% and nowhere near 8.5%, I also noticed that the 8.5% has been deleted from your website

@richforever or any other client/prospective clients, please check the attached file for clarifications. Kindly note that as an esteemed client of Investment One you can always contact your account officer/customer care team by email or via phone for any noticed discrepancies or concerns on your investment. Thank you for choosing Investment One.

1 Like 1 Share

Re: Mutual Funds by SaintUlot: 12:24pm On Feb 16, 2020

MikkySmiles:
I am at a cross-road right now, i want to invest in eurobond dollar fund, but i don't know which one to pick between fbnquest, StanbicIBTC and United capital. Which one should i go for out of the three based on the best interest rate, customer service and safety of my life savings i Intend to invest.

Please i need contributions on this, so that i can make a decision as soon as possible.

I read here fbnquest has the highest rate on eurobond @ 9%, i don't know yet if the information is genuine, but i believe many other people ll be interested in this like me.

Re: Mutual Funds by Davidonkonsults: 1:22pm On Feb 16, 2020

freeman67:
I am yet to get answers from them for now.

Hi. Have they responded?

Re: Mutual Funds by freeman67: 2:29pm On Feb 16, 2020

Davidonkonsults:
Hi. Have they responded?

Not yet ooo.

Re: Mutual Funds by Ezeanna: 4:40pm On Feb 16, 2020

Ezeanna:
That might be the case.

I only used my customer ID number in the narration without adding my full name, as that is the way I had always done the narration before now, although I also sent an evidence of payment by mail to them on same day as the transfer, which they acknowledged.

I only just got to know from gabby18's post that the process had changed, I must have missed that memo somehow.

Anyway, I have called and messaged them, they said they are working on resolving the issue. I hope the resolution is done promptly.

This case has been resolved; my newly purchased units have been added to my holding.

Thanks, All.

2 Likes

Re: Mutual Funds by Franky826: 6:43pm On Feb 17, 2020

Fbn mmf rates at 6.68% today 17/02/2020
Brace up yourselves
Looks like we're heading for 5%

2 Likes

Re: Mutual Funds by Dreamflyin(m): 4:49pm On Feb 18, 2020

Please house, is there a minimum for Stanbic Eurobond, or a sign up fee?

Re: Mutual Funds by adetumi: 10:46pm On Feb 18, 2020

Please how can I know the daily rates of mmf for different institutions.

Re: Mutual Funds by opomulero(m): 5:45am On Feb 19, 2020

good morning house,
is there anything like usd or euro mmf. wch can guarantee my capital

cos im planning to convert all my 600k into usd or euro and then find place to invest it.

Re: Mutual Funds by opomulero(m): 11:58am On Feb 19, 2020

opomulero:
good morning house,
is there anything like usd or euro mmf. wch can guarantee my capital

cos im planning to convert all my 600k into usd or euro and then find place to invest it.

any info please

Re: Mutual Funds by emmasoft(m): 12:07pm On Feb 19, 2020

Suggestion: If your risk tolerance is not too low and can cope with volatility associated with stocks. Now that rates are low you can take advantage of the stock market. It’s earning season already. You can buy fundamentally sound stocks with good dividend tendencies. You can get dividend yields as high as 12% or more. NB: Do your due diligence.

3 Likes

Re: Mutual Funds by emmasoft(m): 1:04pm On Feb 19, 2020

opomulero:
good morning house,
is there anything like usd or euro mmf. wch can guarantee my capital

cos im planning to convert all my 600k into usd or euro and then find place to invest it.

https://www.investment-one.com/financial-services/vdf/

1 Like 1 Share

Re: Mutual Funds by Franky826: 4:03pm On Feb 19, 2020

FBN MMF deducted ₦4.05 from my account this afternoon! Anyone on this table? What's going on?

Re: Mutual Funds by adetumi: 4:14am On Feb 20, 2020

adetumi:
Please how can I know the daily rates of mmf for different institutions.

Please I will appreciate response to the above if there is any way to know daily mmf rate

Re: Mutual Funds by Boyhood: 6:59am On Feb 20, 2020

adetumi:
Please I will appreciate response to the above if there is any way to know daily mmf rate

For FBNQUEST, check daily
https://fbnquest.com/asset-management/historical-funds/

1 Like

Re: Mutual Funds by coolangel54(f): 11:02am On Feb 21, 2020

Axa is 5.98%

Franky826:
Fbn mmf rates at 6.68% today 17/02/2020
Brace up yourselves
Looks like we're heading for 5%

Re: Mutual Funds by coolangel54(f): 11:03am On Feb 21, 2020

KIndly shed more light on this. Is there a thread for stock market?

emmasoft:
Suggestion: If your risk tolerance is not too low and can cope with volatility associated with stocks. Now that rates are low you can take advantage of the stock market. It’s earning season already. You can buy fundamentally sound stocks with good dividend tendencies. You can get dividend yields as high as 12% or more. NB: Do your due diligence.

Re: Mutual Funds by emmasoft(m): 11:15am On Feb 21, 2020

coolangel54:
KIndly shed more light on this. Is there a thread for stock market?

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5310

You can go through the link. Zenith just released result. With a price of N20 and adding the interim dividend, yield is 14%

2 Likes

Re: Mutual Funds by Wanity(m): 2:26pm On Feb 21, 2020

Please have anyone used standard chartered bank app for FGN bond

How is their service

Re: Mutual Funds by Dsticks47(m): 5:37pm On Feb 21, 2020

VANTAGE GUARANTEED INCOME FUND (VGIF)

· VGIF is a guaranteed investment that assures your principal as well as a minimum income paid twice yearly (July and January)

· The minimum investment of 50,000 Naira with additional investments in multiples of N1.00

· It is noteworthy that in spite of the capital market downturn, VGIF have consistently met and paid its guaranteed returns to subscribers, affirming the funds benefit of shielding subscribers against vagaries of the capital market while offering opportunities to earn above average money market returns

· VGIF’s guaranteed return is referenced to the Central Bank of Nigeria’s (CBN) Standard Deposit Facility(SDF). The VGIF rate is however, ONLY changed twice a year that is, January and July. Currently, the VGIF pays subscribers a minimum guaranteed return of 8.5% per annum

· In addition to minimum guaranteed return, unit holders are also entitled to an additional income of the fund’s excess return above the SDF

· Investments can be redeemed after a minimum period of six months, failing which such redemption will be liable to a pre-termination charge of 10% of accrued interests (Pre-liquidation before 6 months is 10% charge on the accrued interest)

· VGIF is managed professionally by Investment One Financial Services, backed by its trustees, First Trustees Nigeria Limited. The Custodian and Registrars to the Fund are Stanbic IBTC Plc and First Registrars Nigeria Limited respectively

For more info check my signature.

1 Like 1 Share

Re: Mutual Funds by seyisanya(m): 7:22pm On Feb 23, 2020

Franky826:
FBN MMF deducted ₦4.05 from my account this afternoon! Anyone on this table? What's going on?

...Sir, you're a monitoring spirit of life! grin

5 Likes 1 Share

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