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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1005716 Views)
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Re: Mutual Funds by taiwoliu(m): 3:31pm On Apr 07, 2020 |
Franky826:how did you get access to the online platform? I've been requesting for access without response. |
Re: Mutual Funds by freeman67: 3:54pm On Apr 07, 2020 |
iamjane: I got the number from StanbicIBTC bank customer care when I wanted to subscribe the period I opened my account with them back then. I was going to tell you to call them to get it but then I already have it so what's the essence. However, it concerns money and investment so if you are in doubt the best people to consult after this is Stanbic IBTC Asset/ Fund Management for guidance. On redemption, it can only be possible online if you have set your security question and answer. The default online maximum withdrawal amount for an individual is N1m and can be increased to N2.5M. 1 Like |
Re: Mutual Funds by freeman67: 3:57pm On Apr 07, 2020 |
taiwoliu: How did you open your account with them. Is it through app or you went to their branch? If you open it in their branch you should have a Relationship Manager(RM). If you haven't gotten your online access details, contact your RM for it. |
Re: Mutual Funds by freeman67: 4:02pm On Apr 07, 2020 |
Franky826: Sorry, I can tell that for those reinvesting the interest, it has been added to the capital already. I can't tell about those that are to receive interest in their account sha. Though we still have a problem with them crediting the account with a subscription/deposit we did around 30th of march. Have sent a mail to them. You should do same or contact the RM for your issue.. 1 Like |
Re: Mutual Funds by Franky826: 4:58pm On Apr 07, 2020 |
freeman67: Thank you very much. Normally my interest are reinvested which has been rightly done. But since the reinvestment no other interest has been paid. That's the anomaly I'm trying to point out. On my dashboard the accrued interest since after reinvestment is 0.00. today is 6th of a new Month. That's what I'm trying to say. |
Re: Mutual Funds by Franky826: 4:59pm On Apr 07, 2020 |
taiwoliu: I use the FBN QUEST APP I guess its available for iPhone and Android users. |
Re: Mutual Funds by taiwoliu(m): 5:00pm On Apr 07, 2020 |
freeman67:opened online (no app as at the time) but I have a RM I interacted with, didn't bother until now cos I indicated roll-over in my opening form. Thanks |
Re: Mutual Funds by taiwoliu(m): 5:02pm On Apr 07, 2020 |
Franky826:alright.... will most likely download it. Thanks 1 Like |
Re: Mutual Funds by MrDiligence: 5:08pm On Apr 07, 2020 |
Franky826: I'm experiencing the same issue. No interest since reinvestment. I thought its due to the end of quarter paperwork or stuff like that. It'll be wise to contact the RM 1 Like |
Re: Mutual Funds by MrDiligence: 5:12pm On Apr 07, 2020 |
And again their fund history site has been displaying blank spaces for yield since 1st |
Re: Mutual Funds by iamjane(f): 7:28pm On Apr 07, 2020 |
freeman67:ok thanks alot |
Re: Mutual Funds by Eddee(m): 8:15pm On Apr 07, 2020 |
freeman67: Just e account number in the narration no name. 1 Like |
Re: Mutual Funds by freeman67: 8:32pm On Apr 07, 2020 |
Eddee: I just explained what I do always and I've had no complaints since I have been doing. Thanks 2 Likes |
Re: Mutual Funds by freeman67: 8:36pm On Apr 07, 2020 |
taiwoliu: UWC, since you now feel the need to have it you can just contact your RM about. I'm sure it will be created and the detail forwarded to you |
Re: Mutual Funds by freeman67: 8:43pm On Apr 07, 2020 |
Franky826: Ok I now understand you. Most times after their quarterly or end of the year settlement their services becomes slower than usual. They get things sorted as they get complaints.. 2 Likes |
Re: Mutual Funds by Eddee(m): 9:32pm On Apr 07, 2020 |
freeman67: No offense bro, I understand you perfectly. Just saying the official instructions from Stanbic insist that only e account number be in the narration. I use stanbic too, may move very soon if rates drop lower than yesterday's 5.6 something. 1 Like
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Re: Mutual Funds by mumayo: 10:12pm On Apr 07, 2020 |
MrDiligence:same here |
Re: Mutual Funds by taiwoliu(m): 10:18pm On Apr 07, 2020 |
freeman67:noted |
Re: Mutual Funds by Akin3891: 10:22pm On Apr 07, 2020 |
Franky826: Same here, my quarter interest paid out already ,but nothing is adding since April 1st. I'm sure they are being overwhelmed with work at the moment, hopefully before week end,it will be sorted. 2 Likes |
Re: Mutual Funds by Desanta(m): 10:35pm On Apr 07, 2020 |
freeman67: So, how do you increase your maximum withdrawal to 2.5M? |
Re: Mutual Funds by freeman67: 6:40am On Apr 08, 2020 |
Desanta: You can either do that through the internet portal yourself or you consult the bank. |
Re: Mutual Funds by emmasoft(m): 5:22pm On Apr 08, 2020 |
MrDiligence:I'm sure what you saw on the website is VGIF calculator where u see number 7 written on the assumed rate. That is not the rate it's a calculator where you can put different rate and help you calculate what your fund value will be at a particular period using a specific rate and amount . As earlier posted the rate is benchmark with SDF which is 8.5%. Except SDF changes its rate can not change . VGIF rate is not like the MMF that has daily value. The current rate - 8.5% has been so since 2019. 2 Likes |
Re: Mutual Funds by MrDiligence: 9:22am On Apr 09, 2020 |
emmasoft: Okthanks for this explanation. I'm actually beginning to consider VGIF that's why I was doing some background check and stumbled on the 7%. You're right its on the calculator so I thought that's the present rate. Once again, thanks |
Re: Mutual Funds by akinola98: 9:44am On Apr 09, 2020 |
emmasoft: @ emmasoft Am actually considering investing in VGIF but please I have a question: what is guaranteed:- is it the capital invested or the starting interest rate ![]() Awaits your response pls. Thanks |
Re: Mutual Funds by emmasoft(m): 10:41am On Apr 09, 2020 |
akinola98: Principal and interest guaranteed. except SDF is changed by the cbn no change on the interest rate. There is also an additional interest that adds to the 8.5%, however, this depends on excess profit of the fund in a given year. From experience, for the past six years there has always been extra interest apart form the guaranteed rate. Personally I will recommend it for anyone at this time. Kindly use the account opening link or call my phone number on my signature to help my ministry ie meet target. Thank you. |
Re: Mutual Funds by emmasoft(m): 10:50am On Apr 09, 2020 |
MrDiligence: You welcome. Kindly use the link on my signature to open the account to help my ministry. My contact too is on my signature for call or chat. |
Re: Mutual Funds by Akin3891: 1:21pm On Apr 09, 2020 |
mumayo: I Wonder what is causing this procrastination from fbn quest not to have added accrued interests since 1st April, today being 9th of April, it's enough time for them to have done the needful. I'm sure stanbic and others are updating their investments , pretty bad, no email or text from them for explanation. I sent them emails, but they bounced back. Did anybody get to hear from them |
Re: Mutual Funds by DBestDoc(f): 1:36pm On Apr 09, 2020 |
Akin3891: Same experience I have with FbnQuest but I’m giving them time though. Investment one is even worse as they have neither paid the quarterly interest nor added any new interest since this month. Everything is just stagnant. No interest paid, re-invested or accrued. ARM is up to date. Re-invested the interest on the evening of April 1 and new accrued interest already reading. I’m just watching them closely. Let’s say the Pandemic and lockdown is affecting their services. Hopefully, normalcy will return soon. 2 Likes |
Re: Mutual Funds by kamsy4God: 1:44pm On Apr 09, 2020 |
Pls house, I am wondering why stanbic ibtc mmf is yet to Re invest my accrued interest (quarterly), and today is 9th already. NB I started in December 2019, although they occasional reinvest interest in piece meal., So I want to know if it's the same with other stanbic mmf investors. Thanks 1 Like |
Re: Mutual Funds by Agbeni33: 1:50pm On Apr 09, 2020 |
Eddee: I put my E account number with my name. Have not receive any notification from Stanbic management fund. Though I put small money in other to test run online top up process. Am still waiting for email notification from them. |
Re: Mutual Funds by akinola98: 2:06pm On Apr 09, 2020 |
emmasoft: Ok. Thanks ..... but what is SDF?? |
Re: Mutual Funds by Eddee(m): 2:20pm On Apr 09, 2020 |
Agbeni33: When did you do this? I have used them as recent as Saturday to top up. It shouldn't take more than 1 business day if done on a working day. Worse case scenario, they will return the money to the account it originated from. |
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