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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1009117 Views)
Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)
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Re: Mutual Funds by Investnow2017: 12:27pm On Jun 20, 2017 |
Ojix85: Check again it has been credited this afternoon. Enjoy |
Re: Mutual Funds by Ojix85: 9:11pm On Jun 20, 2017 |
Investnow2017: Thanks. Heard they had some issues. |
Re: Mutual Funds by Ojix85: 2:46pm On Jun 22, 2017 |
Investnow2017: If i may also ask, how long does it take for an MMF top-up to reflect? Does it really take 2 days? I did one today. |
Re: Mutual Funds by ukay2: 2:54pm On Jun 22, 2017 |
Stanbic ibtc mmf...still the best among equals |
Re: Mutual Funds by Investnow2017: 4:36pm On Jun 22, 2017 |
Ojix85: Mine with stanbic has always been same day, although done in the morning hours before 11am. Send a mail with attachment to your relationship officer and he will as soon as they receive credit. |
Re: Mutual Funds by Ojix85: 8:04pm On Jun 22, 2017 |
Investnow2017: Thanks again. Appreciate. |
Re: Mutual Funds by amakablessing(f): 7:15pm On Jun 24, 2017 |
Click on these link and register on the link, after that u get paid instantly straight into ur bank account, iF someone click on your Link, http://cashcrawlers.com/account/user/register.php?ref=Amaka%201990 |
Re: Mutual Funds by Nobody: 4:21am On Jun 27, 2017 |
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Re: Mutual Funds by MostBlessed: 12:09pm On Jun 27, 2017 |
Greetings to all forum members, I'm new here and I think this is a great informative thread guys, Keep it up I am really impressed . I'm interested in investing in Stanbic ibtc money market mutual funds, but I do not have an account with stanbic ibtc bank. I hope this will not be a problem when I want to invest / redeem my cash. Many Thanks |
Re: Mutual Funds by Investnow2017: 2:54pm On Jun 27, 2017 |
MostBlessed:Its no problem. You will not regret it. Its cool and interactive. The biggest of the lots. 1 Like |
Re: Mutual Funds by MostBlessed: 5:40pm On Jun 27, 2017 |
Investnow2017: Thanks a lot for your response. I will visit stanbic ibtc bank tomorrow morning. |
Re: Mutual Funds by Investnow2017: 5:17pm On Jul 03, 2017 |
MostBlessed: You didnt report back to the house as to your experience at ibtc over their money market mutual fund |
Re: Mutual Funds by MostBlessed: 9:26pm On Jul 03, 2017 |
[url][/url] Investnow2017: Very sorry for the late report, guys. So far, I am happy with the way things are going. I was at the bank on Wednesday to fill the form and pay in my cheque , they had to verify my address though which took till Friday and as of today my online account was just registered, I am looking forward to a wonderful experience with my little investment in stanbic ibtc money market !!.... Many thanks ![]() 2 Likes |
Re: Mutual Funds by nigeriafarmer: 10:07pm On Jul 03, 2017 |
ernie4life:500 or 5,000? |
Re: Mutual Funds by ernie4life(m): 10:35pm On Jul 03, 2017 |
nigeriafarmer: 500 after one month, 5,000 may be for a year if the fund performs 10% net |
Re: Mutual Funds by nowpresence(f): 11:06pm On Jul 10, 2017 |
Good evenings guys I am new here. I have been looking for ways to invest my money, till I came across mutual funds and during my research about it I found this thread online. I don't have the time to go through the whole thread to know all about it. I will be grateful if someone can explain what the mutual funds is all about, pros and cons and how to get started. thanks |
Re: Mutual Funds by afroxyz: 11:43pm On Jul 10, 2017 |
nowpresence:Then you are not ready 10 Likes |
Re: Mutual Funds by ernie4life(m): 7:05am On Jul 11, 2017 |
nowpresence: You are doing a research on mutual funds because you wish to invest in it, and you came across this thread instead of taking your time to read every tiny detail instead you want it short. Like seriously ![]() ![]() 4 Likes |
Re: Mutual Funds by NL1960: 10:50am On Jul 11, 2017 |
nowpresence: Let me go and read from the beginning to the end first. When i finished, i will explain to you what i have read. 1 Like 1 Share |
Re: Mutual Funds by bigtt76(f): 2:53pm On Jul 11, 2017 |
Still interested in investing in Agri-business? Check my signature for more details. carpenter: |
Re: Mutual Funds by Propene: 2:07pm On Jul 13, 2017 |
Investnow2017: what is the current rate for stanbic IBTC mutual fund (Money market), also is there a maturity date attached to it, if there is kindly tell me. thanks |
Re: Mutual Funds by Investnow2017: 2:10pm On Jul 13, 2017 |
Propene: Current rate is 18.3% on the average. But actual is 17.6% You can only with after 30days of initial subscription. And withdrawal is in installment of N2.5m |
Re: Mutual Funds by Propene: 3:15pm On Jul 13, 2017 |
lovely post |
Re: Mutual Funds by rosybabyy: 3:27pm On Jul 13, 2017 |
Hello @investnow2017, what do you mean by current is 18.3% and actual 17.6%. I don't understand. |
Re: Mutual Funds by Investnow2017: 4:06pm On Jul 13, 2017 |
rosybabyy: In their website ibtc money market fund displays daily rate. It has been fluctuating between 18.4% - 18.55%. But when i calculate my daily yields especially since July, i notice they have actually been applying 17.56% and not the actual daily rates published in their website. I am still working to find out why this is so. I am told it is system generated. That is a childish explanation. The system garbages out what you had garbaged in. You could as well find out. Its good to do TB and mutual fund if you have enough fund for both. You may not want to break your TB before maturity. But after just 30 days you have full access to your mutual fund without any penalty. That is the advantage. And the rate difference is not signicant. Sometimes when i have a good figure i buy TB and push the upfront discount into my mutual fund portfolio. Its pretty good at the current rate. In this way you end up maximising your yield. |
Re: Mutual Funds by rosybabyy: 5:22pm On Jul 13, 2017 |
Investnow2017:Sysytem generated indeed! I ll investigate too. But if its true its not fair on their part.Thanks for bringing our attention to it. |
Re: Mutual Funds by Investnow2017: 6:29pm On Jul 13, 2017 |
rosybabyy: Please try and see to this too through your client officer and kindly share your findings with the house too. Thanks. Seriously up to 30th June 2017 i never witnessed this. But beginning from July 1st i began to notice that the interest on my principal remains fixed. I have a feeling that their system to capture certain per centages at given ranges because i did a top up on the 30th June prior to this development. Pls you too also check with them. |
Re: Mutual Funds by ernie4life(m): 7:16pm On Jul 13, 2017 |
rosybabyy: Maybe not just system generated, The custodians and fund managers have their fee which is not put into calculation when publishing the figures. Regulations have it that you publish the figure as a whole so that the can know when you are over charging the investors. Mutual funds a very well regulated so the fund manager can never short change you What is remitted into your account is net of chargers owing to the 17.6% you see |
Re: Mutual Funds by rosybabyy: 8:22pm On Jul 13, 2017 |
ernie4life:@ernie4life, can u teach us how the net pay is being calculated pls |
Re: Mutual Funds by ernie4life(m): 8:48pm On Jul 13, 2017 |
rosybabyy: Just the actual yield minus fund manager charges |
Re: Mutual Funds by Investnow2017: 9:03pm On Jul 13, 2017 |
ernie4life: The question is Why in July. Up to june 30th my computations were just as were credited to my account until July 1st when this whole abracadabra started! |
Re: Mutual Funds by ernie4life(m): 9:53pm On Jul 13, 2017 |
Investnow2017: That I can't answer, speak to your funds manager |
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