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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1006736 Views)
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Re: Mutual Funds by IyawoToBe(f): 6:07pm On Jan 10, 2020 |
odontoid1: I have asked for my statement for over four days and they have refused to send it to me. They took 30,234 from my principal and then paid me short in my daily yield. I am closing the account on Monday. |
Re: Mutual Funds by singletech(m): 6:23pm On Jan 10, 2020 |
Arm, arm MMF.. Can someone tell me their current rate please.... I am beginning to consider them to stanbic |
Re: Mutual Funds by IyawoToBe(f): 6:30pm On Jan 10, 2020 |
For those defending FBNQuest, ask for your account statement. Or they should show you a breakdown of how much excess they paid into your interest on the 14th of December. The day someone mentioned here that he got an outrageous excess as yield for the previous day, I quickly logged into my account and noticed there was no strange increase in my accrued interest. So without any explanation, they took out a whooping 30kplus from my principal on the 6th of January and then paid me short of my expected value for the number of days the accrued interest showed 0.00. I even tried to use 6% as the yield rate but I was still short paid. Send me my account statement, MBA! They refused to send... Who is being shaddy here? |
Re: Mutual Funds by emmanuelewumi(m): 6:34pm On Jan 10, 2020 |
IyawoToBe: If you are in Lagos please pay them a visit or try and speak with your account officer. I get my statement of unit holdings every month. |
Re: Mutual Funds by IyawoToBe(f): 6:42pm On Jan 10, 2020 |
emmanuelewumi: If I want to stop investing with them, can I take out all my money including the few interest from this new quarter? |
Re: Mutual Funds by odontoid1: 6:47pm On Jan 10, 2020 |
singletech: You can always check their daily interest rate via this link https://arminvestmentcenter.com/MutualFunds/Details/1003 |
Re: Mutual Funds by emmanuelewumi(m): 7:02pm On Jan 10, 2020 |
IyawoToBe: You can |
Re: Mutual Funds by reservd(m): 7:10pm On Jan 10, 2020 |
IyawoToBe:Strange cos I didn't ask for my account statement yet I was sent, infact twice by 2 different representives when I complained about the deductions to verify my claims. It is well |
Re: Mutual Funds by IyawoToBe(f): 10:25pm On Jan 10, 2020 |
reservd:Can you please provide the numbers you called. Apparently, my account officers are USELESS!!! I'm moving my money on Monday if I don't get to the root of this. |
Re: Mutual Funds by singletech(m): 10:30pm On Jan 10, 2020 |
odontoid1:Thanks bro |
Re: Mutual Funds by seyisanya(m): 11:21pm On Jan 10, 2020 |
IyawoToBe:Imagine! And they're not even replying emails, what nonsense!! 1 Like |
Re: Mutual Funds by seyisanya(m): 11:25pm On Jan 10, 2020 |
emmanuelewumi: How, sir? Do you send a request for this every month? |
Re: Mutual Funds by reservd(m): 2:33am On Jan 11, 2020 |
IyawoToBe:I sent a message to them on twitter indicating my email address and phone number, someone called me and was keeping in touch , I tried to call back but nobody picked since I don't know the extension number of the one handling my case. I mailed customer care too and copied my relationship manager, we exchanged up to 10 mails. So surprised at ur complaints 1 Like |
Re: Mutual Funds by emmanuelewumi(m): 2:42am On Jan 11, 2020 |
seyisanya: Yes, I also send a mail to them to get my statement 24 hours after paying into their account to make sure payment have been unitized. But FSDH Asset Management automatically send to me every month |
Re: Mutual Funds by emmanuelewumi(m): 2:48am On Jan 11, 2020 |
IyawoToBe: We have only spent 10 days in the current quarter,your interest will be very meagre. I hope you have been your interest last week for the quarter which ended on 31st December 2019 |
Re: Mutual Funds by michaelogunleye(m): 11:44pm On Jan 11, 2020 |
Today shows stanbic mmf rate at 7.7, the rate keeps dropping are there any better rates out there 1 Like |
Re: Mutual Funds by benedictuyi(m): 11:58pm On Jan 11, 2020 |
michaelogunleye:Piggybank offers as high as 15% when using their safelock |
Re: Mutual Funds by yak(m): 1:10am On Jan 12, 2020 |
coolangel54: God just sent u to post this!! I have bn battling with this decision since December 30. As soon as I saw this, I was convinced it's the way to go now 1 Like |
Re: Mutual Funds by aremiya: 9:04am On Jan 12, 2020 |
Here is been my experience so far, I invested my fund in both first bank edge and stanbic ibtc. Before then I had went through all the post on nairaland to really understand what is like, of which I had strong reservations about fbn edge based on comments I still went ahead anyways. But all the time it takes forever for them to always top up my account after sending the details of transaction and they wont respond not untill I send several emails and recently I have tried to redeem part of my fund precisely December 28 the account was debited and up until now I have not recieved the fund in my account. So I decided to try same with stanbic ibtc, I redeemed around 12pm and also recieved my fund same day. Uptill now I have not gotten any tangible response from fbn edge, they are not responding to my calls too. It sad that this is happening I didn't really need the money I only followed some body advice on this forum that suggest we should try and make withdrawal jus to be sure evrything is kool so that u don't get stuck when you actually need it. Probably some body is benefiting from this at fbn edge, my advice don't do fbn edge. They are not ready for this. Put ur fund some were else 5 Likes |
Re: Mutual Funds by emmanuelewumi(m): 9:14am On Jan 12, 2020 |
aremiya: I got paid same day when I filled my redemption form, sometimes in December 2019. 4 Likes |
Re: Mutual Funds by chubbyG(m): 1:37pm On Jan 12, 2020 |
Have you guys heard about Anchoria Asset Management. They're very reliable and safe. Mutual funds rate is between 10-12% per annum If you're interested send me a dm. |
Re: Mutual Funds by OgogoroFreak(m): 2:35pm On Jan 12, 2020 |
faoogoke:What if they garbage in a mistake? |
Re: Mutual Funds by isangjohnson: 7:58pm On Jan 12, 2020 |
Please do FBNQuest and FSDH have any office in Ikeja? |
Re: Mutual Funds by emmanuelewumi(m): 7:59pm On Jan 12, 2020 |
Re: Mutual Funds by isangjohnson: 8:15pm On Jan 12, 2020 |
Please which of the two is in Island and where exactly in Island? In other word, they do not have office in Ikeja? |
Re: Mutual Funds by emmanuelewumi(m): 8:27pm On Jan 12, 2020 |
isangjohnson: Marina and Obalende |
Re: Mutual Funds by Boyhood: 10:50pm On Jan 12, 2020 |
Kereokwu: Let me answer the "a" part of your questions pertaining MMF 1. Yes your capital is preserved just like Tbills. When you check the factsheets some part ( in %age) of the MMF funds are invested in Tbills that's why when rates go down in Tbills it affects MMF too. 2.MMF, accured interest are recorded/paid on daily basis and its compounded quarterly that's if you choose to reinvest it or you can have it withdrawen to your bank account. 3.you can pull out your funds anytime you so wish.. but if you do so within the first 30day, it may attract a charge/fine. 4.NO charges except you decide to withdraw before the first 30days elapse which attract a fine of 20% of your accured interest Yes FBNquest have an office in maitama, Abuja. But their head office is in Lagos. 1 Like |
Re: Mutual Funds by isangjohnson: 6:40am On Jan 13, 2020 |
Please I need fbnquest website. |
Re: Mutual Funds by Boyhood: 6:43am On Jan 13, 2020 |
isangjohnson:https://fbnquest.com |
Re: Mutual Funds by coolangel54(f): 9:03am On Jan 13, 2020 |
The rate at which MMF interest is dropping baffles me and I had a second thought... Digital agriculture. Did my investigation online via a thread on nairaland designed specifically for it and oh yes, I have diversified. I can't come and kill myself this 2020 as I want everywhere to stew for me. [/b]Please, check my signature for my referral code to register with Farm Funds Africa[b]. yak: |
Re: Mutual Funds by Kereokwu(f): 2:34pm On Jan 13, 2020 |
Thanks so much, God bless you. I appreciate your response. quote author=Boyhood post=85744751] Let me answer the "a" part of your questions pertaining MMF 1. Yes your capital is preserved just like Tbills. When you check the factsheets some part ( in %age) of the MMF funds are invested in Tbills that's why when rates go down in Tbills it affects MMF too. 2.MMF, accured interest are recorded/paid on daily basis and its compounded quarterly that's if you choose to reinvest it or you can have it withdrawen to your bank account. 3.you can pull out your funds anytime you so wish.. but if you do so within the first 30day, it may attract a charge/fine. 4.NO charges except you decide to withdraw before the first 30days elapse which attract a fine of 20% of your accured interest Yes FBNquest have an office in maitama, Abuja. But their head office is in Lagos.[/quote] |
Re: Mutual Funds by faoogoke(m): 4:13pm On Jan 13, 2020 |
I just opened a Money Market Fund and Stock Trading account with United Capital The process was smooth in that you must submit all required document and you dont need to step into their office to do all that. I did it all online My account dash board is impressive. The rates are displayed for each of the products. I can make all kind of requests I am impressed. I hope I will continue to be impressed. 1 Like |
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