₦airaland Forum

hias2012:
Interest rate and interest amount recapitalisation are two separate things entirely. However, a little knowledge of mathematics will show that different fund managers adopt different strategies to remain competitive. Think about this, one offers 12% today and puts the interest amount to work quarterly. Another pays interest at 11.5% and puts the interest amount to work weekly. Which of the two approaches would you prefer? You may need to do the math to know which of these two pays higher returns at the end of season. Looking at the interest rate alone will not answer that question. My advice, stick to one that best suits you, there is no point moving fund from one fund manager to another.

lordnaruto:
just signed up with AXA Mansard now, It was quite easy , i did everything within 30 minutes, ive even transferred the money to their account, pending confirmation.

I have an issue thou, i followed the activation mail sent to me, and ive already created a password, however, i'm unable to sign in. Is it that it takes some time before i'll be able to access my account or something is wrong somewhere?

Segunade10:
Thanks so much, I did check the website and I downloaded the form but I didn't see where to fill the duration of my investment.
Also about the duration of investment, can I make it monthly, quarterly or yearly because I currently have one with GTBank which is for 6months with interest rate of 10%

ajeleomo:
Are you sure about this? i have ARm and Axa also but i have monitored this week and observed that i get about 22% on ARM while i get 11.8% averagely on Axa. IONE gave 12% averagely

Etimocracy:
How do I liquidate my funds from stanbic ibtc. Getting a response that the minimum of 5000 naira would be retained as I tried redeeming online, I wanna finally settle for AXA Mansard. Any helpful response would be greatly appreciated.

Pr0cter:
well from my calculations, the intrest rate is 12.26%

Though my invested capital isn't that much, perhaps that's why I didn't get much return

Pr0cter:
Yeah. I also got their text and email this morning. To me, their rate aren't very good. I stand to be corrected. Though I didnt invest much fund in their MMF

Olakunle007:
Yes, it's a wrong investment. But I can't really see the difference between the two. 6.5% per annum is 32,000. First bank fixed deposit is also 6.5% per annum. Non of the investment move me.

Could someone please suggest better Money market one can invest in?

Shyee:
Thanks for prompt response. The interest alert is 144 984.55 naira. I don't get how 10.57% of 5.5 million is meagre 100k.

Shyee:
Good day people.
On Tuesday, i filled form for 5.5mil tbills at FBN for 91 days, I just got alert of 144.984naira interest. What do I do please?

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Kayma2000:
How can i open AXA mansard money market fund account

Adayoung:
Good day all, is there anyone with an mmf account with fbn ? how did u go about opening it?

Mr7gWIRELESS:
Funny Nigerians get distracted by the wrong things.
No one is talking about the impending strike, unpaid salaries by states. Here in Ekiti, we haven't been paid yet and today is 2nd October

Harjeehbaday:
Happy Independence E-Family,
Please i want to invest in MMF and have account in GTB and Stanbic and need your thoughts on which of them to invest.
Appreciate your kind response.
Thanks

elothaddi:
It's not clear for me. More especially the interest rate from 17.93% to 11.59%

ajeleomo:
I believe we saw another payment reflecting on our account this morning after yesterday interest was paid at close of business yesterday.
Kindly see what they have to say on this.... AXA MANSARD MMF

AXA Mansard
9:55 am
Hello, if you want to get more details about our Investment products & services, I’m glad to help.

omonuwa
good morning
AXA Mansard
Good morning

Thank you for contacting us

How may we assist you, please?

omonuwa
Please is it possible to get interest breakdown in my account coz i cant get that in the account statement
hello
AXA Mansard
Kindly confirm the plan you have with us

I have been able to confirm that you have our Money Market Fund

do stay on the chat to allow our Investment agent attend to you

You have been transferred to: AXA Mansard Investment.

omonuwa
MMF
AXA Mansard Investment
hello

omonuwa
hi
AXA Mansard Investment
did you make any inflow recently

omonuwa
yes today
AXA Mansard Investment
currently you have just xxxxxx in your account

omonuwa
yes since 21/9
AXA Mansard Investment
once we verify funds paid today, you will get funds confirmation

omonuwa
ok
AMITTXN285378
AXA Mansard Investment
do you still need the breakdown for the xxxxx naira

omonuwa
But is it possible to get breakdown of the interest paid into my account?
Yes i do
Bredown of all interest paid into the account so far
AXA Mansard Investment
okay

interest Amount Rate
xxxxxxx 12.06%
xxxxxxx 12.06%
xxxxxxx 12.06%
xxxxxxx 12.10%
xxxxxxx 17.93%
Total xxxxxxx

omonuwa
i can see above this value in my account as i got paid this morning which is not included here
AXA Mansard Investment
this value is till 25th

omonuwa
The first payment was for what date?
AXA Mansard Investment
the one for today is update later today

21st

omonuwa
i said i got paid this morning and current interest is at xxxxxxx
11.59%
AXA Mansard Investment
your payment for today won't reflex yet

it will be posted today and you will get an update on your account today

omonuwa
it is already in my account i can see this
AXA Mansard Investment
its only showing as booked balance

omonuwa
oh really
is this the new routine now?
AXA Mansard Investment
yes it is

omonuwa
ok
AXA Mansard Investment
we adapted this because client complained about not seeing their inflow till end of day

so now it shows as booked balance till it is updated at close of business

omonuwa
oh great to know this but it will be better emails are sent to all clients stating this in other not to generate confusion
AXA Mansard Investment
thanks for the suggestion

omonuwa
ok you are welcome
So will i get interest value on my deposit this morning for today?
Read
AXA Mansard Investment
yes you will

omonuwa
hmmm thanks
my issues are resolved. Thank you very much

ajeleomo:
I think Trading Tbills along with MMF makes sense. See a brief calculation
Assuming a capital of N1,000,000 @13% for 364days tenor and reinvesting the capital immediately into MMF

Investment Plan Capital Interest Rate(%) No reinvestment on MMF(N) Reinvest MMF Profit(N)
TBILS 1,000,000.00 13 130,000.00 130,000.00
MMF 130,000.00 11 14,300.00 15,384.32
ANNUAL TOTAL PROFIT 144,300.00 145,384.32
ANNUAL JOINT YIELD 14.43% 14.54%

elothaddi:
I saw this figure this morning on my AXA MMF account. Could it be true abi na system glitch lol

Apitch:
Please forgive my ignorance and don't think I'm a lazy Nigerian cos I've read the first few pages and the last 5 pages but can't get an exact answer to my question
Read FBN pays quarterly and funds have minimum of 30days before u can withdraw, so if i invest now and want to withdraw next month, will they pay the capital with the interest or will the interest wait till the quarterly payment period?
Thanks

Pr0cter:
Hello guys. Thanks to you all for enlightening me. I just crafted a MMF investment with Stanbic Ibtc bank and I feel overwhelmed investing because practically it my first investment in life. I'm in my early 20's

Thanks to you all and I'm following this thread bumper to bumper to learn about more investment schemes

Keshe50:
INEC should declare APC and stop wasting our time






kwayer jor

SleekyP:
```Breaking News```

APC 257189

PDP 256638

*Osun 2018 Governorship, final results*

keeeem:
Someone sent this from his old school website. Though unconfirmed but guys should dig to find out the true position

Declared vote Oshogbo APC 39983 PDP 11,513

naijaobi:
This is not entirely correct. You can withdraw from Tbills before maturity, but you will lose part of your Capital depending in the rate at that moment.

KayPapi:
Can I someone give where to tbills at competitive rates?

Also, what's the minimum investment required? Thanks

ajeleomo:
Correct me if am wrong

I think the way T-bills work is that you get your interest upfront.
Assuming you get a deal at 13% for 364days and you are investing N1,000,000
13% interest is N130,000 which is paid to you as soon as the deal is completed
You can then invest the N130,000 into MMF and can also add monthly funds to it to further increase your stake.

My Opinion