Yem0350:
With the current rate of tbills
I expect all mmf to give over 12% next wk

hardeydhoying:

Pls, what's the current rate of T-Bills?
I thought it's still till Oct. before the auction?

mikeopara:

Recent deal I got from stanbic

See below the CBN stop rates at last T-bill PMA:


91d – 11.0000%

182d – 12.3000%

364d – 13.5000%

hardeydhoying:

Pls, what's the current rate of T-Bills?
I thought it's still till Oct. before the auction?

mikeopara:
Hello guys, I have learnt a lot here but I'd like to find out. I have about 6M+ in my mutual fund. Do you think I'm doing the right thing. I get a daily interest of about 1800 daily. Or I should drift to TB?

Yem0350:

You may take some percentage to tbills. If you are in urgent need of cash, mmf is always there for you.

Olohunjedalo:

Lies .
Stop rate for 364 days is not 13.50

mikeopara:


Hello Young fellow.

I think you should mind your language

If you have a contrary deal then post it.

Don't come here calling me a liar.

Your rates are dependent on the deal you given.

So dude got 12.3% for 148days Secondary market from stanbic.

What then justifies, my calling him a liar if I'm not in accordance with his post.

Please be guided accordingly.

mikeopara:
Hello guys, I have learnt a lot here but I'd like to find out. I have about 6M+ in my mutual fund. Do you think I'm doing the right thing. I get a daily interest of about 1800 daily. Or I should drift to TB?

mikeopara:

Recent deal I got from stanbic

See below the CBN stop rates at last T-bill PMA:


91d – 11.0000%

182d – 12.3000%

364d – 13.5000%

Yem0350:

https://www.nairaland.com/878880/treasury-bills-nigeria/575#71370721

Yem0350:
I will advice you don't put all into tbills. You might need cash unexpectedly

hardeydhoying:

Okay, thanks so much. 

I'll still like to hear other people's view. 

Yem0350:
I will advice you don't put all into tbills. You might need cash unexpectedly

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

Yem0350:

Yes. Very correct. What happen if you are in urgent need of 500k?
The most important thing to be noted before going into tbills is that you won't need full or part of the money before expiration of the tenure. When it is needed, the benefit of MMF comes in. That is the only clause. Apart from this, tbills is better considering investing the upfront interest in MMF

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

Also, what's the minimum investment required? Thanks

Yem0350:

Yes. Very correct. What happen if you are in urgent need of 500k?
The most important thing to be noted before going into tbills is that you won't need full or part of the money before expiration of the tenure. When it is needed, the benefit of MMF comes in. That is the only clause. Apart from this, tbills is better considering investing the upfront interest in MMF

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.

Yem0350:

Yes. I know you can withdraw from tbills but it will definitely affect your interest rate (in total) bcoz you will sell at discount. For MMF, nothing like that. That was the point i was trying to make.

ajeleomo:


With this that puts FBNQuest on top while IONE is yet to be verified..... Someone with Abacus MMF should update us

Fbn Quest - 12.11%
AXA = 11.99%
ARM =11.66%
Stanbic - 11.24%

hardeydhoying:

Is Capital guaranteed for Treasury Bills?

dotcomnamename:




Are you now saying Mutual Funds is risk or Capital is not not guarantee?

irookie:


100% guaranteed...so far Nigeria as a country still exist