Investments can not be tracked online. That is not included on their website yet.
But one can request for his/statement (free of charge) at any time.

NOTE: I am not in any way affiliated with GT o.
Just curious why I have not seen anything on it from page 1 to this.

VeeInsider:


Is there a way to track one's investment when using GT?

Yes!
Limited information as most interesting parts are not online/live.

Though they send the weekly rates per email.

VeeInsider:


It is written as Gross on the image. There's limited information about them.

Yes!
Management fee is 1%
Then, Net should be 19.72%

toyeoye:


Confirm the Net. That's the actual percentage you want to know and compare.

olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

Read from the link below:
https://nairametrics.com/2022/02/07/investment-one-financial-services-limited-sells-its-mutual-fund-and-pension-subsidiaries-to-guaranty-trust-holding-company-plc/

It will give you an idea.

When Investment One sold its mutual fund business to GTBank, GT fund managers came into being, as GTB decided to have a HOLDCo structure. What you have as GT MMF today, used to be called Abacus money market fund.

It would be ethically wrong to share other details about why you don't hear or see any posts about them here because it would amount to demarketing.

olig:
Yes!
Management fee is 1%
Then, Net should be 19.72%

Yea not bad

Thank you very much for this.

I am interested in knowing more about "the why".

emmasoft:


Read from the link below:
https://nairametrics.com/2022/02/07/investment-one-financial-services-limited-sells-its-mutual-fund-and-pension-subsidiaries-to-guaranty-trust-holding-company-plc/

It will give you an idea.

When Investment One sold its mutual fund business to GTBank, GT fund managers came into being, as GTB decided to have a HOLDCo structure. What you have as GT MMF today, used to be called Abacus money market fund.

It would be ethically wrong to share other details about why you don't hear or see any posts about them here because it would amount to demarketing.

Batman2412:
Attached photo is the reason I asked.

Regarding United Capital Tier 2 account, what's the minimum withdrawal amount for someone who invested in their MMF?

₦1,000

VeeInsider:


Regarding United Capital Tier 2 account, what's the minimum withdrawal amount for someone who invested in their MMF?

olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

Their customer services is one of the worst right now.

ernie4life:


Their customer services is one of the worst right now.

They took over a thriving business from Investment One and completely messed it up. I had to quickly withdraw all my funds that they took over from Investment One and bailed to StanbicIBTC MMF.

ernie4life:


Their customer services is one of the worst right now.

Everything about them is bad. There is more to mutual funds than just posting profit. Imagine common to creat an app or better still a website where investors can monitor their funds they can't. Some Asset Management like United Capital and Stanbic IBTC have both apps and website where customer can monitor their account. The investment one they took over from use to have an app but since they took over everything changed. Contact their customer service today for anything no matter how urgent you will get your reply 3 days after it could be upto 5 days if you are not lucky.

I see!
Although they have been responding very well with me, so far.

I have been with them before I discover this thread.

I asked them sometimes last week why no online monitoring platform, they told me they are currently working on it and will be out soon.

@NL1960
@freman 67
Thanks for your responses.

I discovered this thread after being with them. Since then, I have been curious (1) why nothing was mentioned about GT Fund here (2) why not live online. That was why I had to ask them.

Thank you everyone for your contributions here. They are really beneficial. I wish I discovered this many years ago. But is better late than never

ernie4life:


Their customer services is one of the worst right now.

Batman2412:
₦1,000

N1,000 as withdrawal amount? Wow. This is strange

olig:
I see!
Although they have been responding very well with me, so far.

I have been with them before I discover this thread.

I asked them sometimes last week why no online monitoring platform, they told me they are currently working on it and will be out soon.

@NL1960
@freman 67
Thanks for your responses.

I discovered this thread after being with them. Since then, I have been curious (1) why nothing was mentioned about GT Fund here (2) why not live online. That was why I had to ask them.

Thank you everyone for your contributions here. They are really beneficial. I wish I discovered this many years ago. But is better late than never

How do you withdraw from them?

I have not withdrawn. I started 3 about months ago.

I asked them before now and I was told I need to fill the liquidation form and send to them. 1 to 3 days to process it (I think 🤔; i can't remember the exact).

VeeInsider:


How do you withdraw from them?

It's the minimum withdrawal amount

VeeInsider:


N1,000 as withdrawal amount? Wow. This is strange

olig:
I have not withdrawn. I started 3 about months ago.

I asked them before now and I was told I need to fill the liquidation form and send to them. 1 to 3 days to process it (I think 🤔; i can't remember the exact).

About the online access, I asked them in July 2022 and they told me they were working on it. That it will soon be out and uptill now they are still working on it. That does not show any sign of seriousness. They must not even have an app just a web portal will do. I am using morgan capital as my broker and can confidently recommend it to anybody with just their itrade webportal.


About withdrawal maybe they can keep up with that 1-3 days promise. It's only when there is a trail that you will be convinced. Not to discourage you ooo because you are already with them but you have to know them and prepare your mind so you won't get frustrated. Also, having a better service will be a bonus for you.

Even more viable firms like Stanbic, FBNquest and United Capital most times do not treat it the unautomated request that fast as quoted. While, you will get your funds within 3 - 24 hours after withdrawal request through the automated route if everything is rightly done from your end, going through filling of liquidation form request takes longer time with back and forth. I tried it with InvestmentOne's Vantage Dollar Fund before it was moved to GT and it took me about 2 weeks with serious craze/display in their office before I could get my fund in my account. Maybe because is VDF sha. They might have changed now sha because it's a new management. Also, individual experience will definitely be different.

I get the point. It is still okay by me for now. Since my fund is save.

Please, how reliable is the Morgan Capital? Opening an account with Stanbic IBTC stock brokerage is tiring. I first spent many weeks before I could submit my application; it kept returning error. I contacted them and they said they will communicate with their IT. Many days passed, no response. I contacted them again, and again. I was only able to submit when I changed my Next of Kin address to the same address that I used. I wonder if it is a must for me and my next of kin to live in the same address.
After submission, I only got a notification that they will get back within 2 days. Many day passed, no response or confirmation of opening. I contacted them after like a week and they apologised and asked why I chose "others" in the source of investment. I explained to them and they said they will get back to me. The last communication was Friday last week. Since then, silence again.
I am getting tired of them. I just like them, but they are discouraging me now. I initially thought I will go with United Capital, because I just opened a MMF with them now.

I always prefer brockers and Fund Managers with parent bank or other affiliated financial institutions with good records.

freeman67:


About the online access, I asked them in July 2022 and they told me they were working on it. That it will soon be out and uptill now they are still working on it. That does not show any sign of seriousness. They must not even have an app just a web portal will do. I am using morgan capital as my broker and can confidently recommend it to anybody with just their itrade webportal.


About withdrawal maybe they can keep up with that 1-3 days promise. It's only when there is a trail that you will be convinced. Not to discourage you ooo because you are already with them but you have to know them and prepare your mind so you won't get frustrated. Also, having a better service will be a bonus for you.

Even more viable firms like Stanbic, FBNquest and United Capital most times do not treat it the unautomated request that fast as quoted. While, you will get your funds within 3 - 24 hours after withdrawal request through the automated route if everything is rightly done from your end, going through filling of liquidation form request takes longer time with back and forth. I tried it with InvestmentOne's Vantage Dollar Fund before it was moved to GT and it took me about 2 weeks with serious craze/display in their office before I could get my fund in my account. Maybe because is VDF sha. They might have changed now sha because it's a new management. Also, individual experience will definitely be different.

.

olig:
I get the point. It is still okay by me for now. Since my fund is save.

Please, how reliable is the Morgan Capital? Opening an account with Stanbic IBTC stock brokerage is tiring. I first spent many weeks before I could submit my application; it kept returning error. I contacted them and they said they will communicate with their IT. Many days passed, no response. I contacted them again, and again. I was only able to submit when I changed my Next of Kin address to the same address that I used. I wonder if it is a must for me and my next of kin to live in the same address.
After submission, I only got a notification that they will get back within 2 days. Many day passed, no response or confirmation of opening. I contacted them after like a week and they apologised and asked why I chose "others" in the source of investment. I explained to them and they said they will get back to me. The last communication was Friday last week. Since then, silence again.
I am getting tired of them. I just like them, but they are discouraging me now. I initially thought I will go with United Capital, because I just opened a MMF with them now.

I always prefer brockers and Fund Managers with parent bank or other affiliated financial institutions with good records.

Had similar issues some years back. I filled two forms, normal account opening and MMF. I didn’t get my account number for weeks. Had to go to their office on the island where they gave it to me. I asked for the MMF account no, they said nothing like that in their records. Upon further inquiry they said it’s cos my ID card had three names and BVN had two names….something like that. Had to fill another form for that and all. Their KYC requirements can be quite frustrating at account onboarding stage but it’s worth it eventually.

Asides some few issues once in a while, I personally think they’re the best in the market at the moment. Seamless app, daily settlements, competitive rates etc. you can go to a good branch where you’ll get good guidance on what to fill in the form and collect the account officer number for follow up.

olig:
I get the point. It is still okay by me for now. Since my fund is save.

Please, how reliable is the Morgan Capital? Opening an account with Stanbic IBTC stock brokerage is tiring. I first spent many weeks before I could submit my application; it kept returning error. I contacted them and they said they will communicate with their IT. Many days passed, no response. I contacted them again, and again. I was only able to submit when I changed my Next of Kin address to the same address that I used. I wonder if it is a must for me and my next of kin to live in the same address.
After submission, I only got a notification that they will get back within 2 days. Many day passed, no response or confirmation of opening. I contacted them after like a week and they apologised and asked why I chose "others" in the source of investment. I explained to them and they said they will get back to me. The last communication was Friday last week. Since then, silence again.
I am getting tired of them. I just like them, but they are discouraging me now. I initially thought I will go with United Capital, because I just opened a MMF with them now.

I always prefer brockers and Fund Managers with parent bank or other affiliated financial institutions with good records.

@Olig the bolded should not be criteria to choose an investment partner as in fund managers or stockbrokers. Their efficiency has nothing to do with the parent body. It's true they are in the same group I can tell you it's just for financial reporting, in terms of operations and every other thing they have their interest. Banking and fund management are almost opposite as per the interest of the institution. Your first concern for any firm in the capital market should be whether the firm is SEC-regulated and its efficiency in handling customers. Having a bank affiliate doesn't translate to good customer service or the safety of your funds.

The best-proven way to get a good financial institution in the capital market is through referrals from existing customers with unbiased feedback.

I get your point.
The fact that I said I prefer those with parent/affiliated banks does mean that is the criteria I use in chosing them. That is why I didn't mention any other brokers with affiliated banks. IBTC is no doubt a major player when it comes to Stock and Pension.

By the way, my reasons are; (1) the integrity of the group/brand, (2) accessibility, (3) if I run into serious troubles, I can still enter the bank and will at least be directed to the appropriate section or get contacts (though I don't like entering banks). Most others have branches in major cities only and no one have clue in smaller cities (I am a village boy).

More so, trust me, anyone can refer anything in Nigeria. So I wouldn't also base my preference on referrals. It is good, but I would sill double check".

So many are investment managers and brockes are easier to access, yet one can still blame himself if transact with them. Therefore, online presence and accessibility should also not be the only yardstick.

Customer relation is highly important. But sometimes, it is difficult to draw the line. As good as IBTC is, if I would judge them bashed on there response and resolution alone, I would have forget about them. I kept pushing because of the brand, track record, integrity, stability...

emmasoft:


@Olig the bolded should not be criteria to choose an investment partner as in fund managers or stockbrokers. Their efficiency has nothing to do with the parent body. It's true they are in the same group I can tell you it's just for financial reporting, in terms of operations and every other thing they have their interest. Banking and fund management are almost opposite as per the interest of the institution. Your first concern for any firm in the capital market should be whether the firm is SEC-regulated and its efficiency in handling customers. Having a bank affiliate doesn't translate to good customer service or the safety of your funds.

The best-proven way to get a good financial institution in the capital market is through referrals from existing customers with unbiased feedback.

olig:
I get the point. It is still okay by me for now. Since my fund is save.

Please, how reliable is the Morgan Capital? Opening an account with Stanbic IBTC stock brokerage is tiring. I first spent many weeks before I could submit my application; it kept returning error. I contacted them and they said they will communicate with their IT. Many days passed, no response. I contacted them again, and again. I was only able to submit when I changed my Next of Kin address to the same address that I used. I wonder if it is a must for me and my next of kin to live in the same address.
After submission, I only got a notification that they will get back within 2 days. Many day passed, no response or confirmation of opening. I contacted them after like a week and they apologised and asked why I chose "others" in the source of investment. I explained to them and they said they will get back to me. The last communication was Friday last week. Since then, silence again.
I am getting tired of them. I just like them, but they are discouraging me now. I initially thought I will go with United Capital, because I just opened a MMF with them now.

I always prefer brockers and Fund Managers with parent bank or other affiliated financial institutions with good records.

For me, Morgan has been very ok and I have never hesitated to recommend it to anybody that needs it. Their fees/charges is about the cheapest among brokers here. You can connect to NGX live feed through the Morgan itrade webportal and make realtime transactions yourself without recourse to them. With them, your account is credited when you pay and email notification will be sent you instantly. So long as you rightly indicate your account number no need to call them. If you request for withdrawal through their automated channels on the web portal it you mandated account will be credited in no distant time. The only complaints you can get is sometimes when the NGX platform is down you may not be able to access. Also, once in a while people complain about their customer care but I have not encountered it like that.

I experienced same thing with Stanbic IBTC Stock brokers. I got frustrated and left them alone. The most annoying thing is that they started responding after I have gotten myself sorted out.

Like you have been told, the efficiency of the parent body has nothing with subsidiaries ooo.

If may say, not minding the fact that the have frustrated me of recent and am very angry with them, the most accessible Asset Management firm through their parent bank is SIAML . In any Stanbic IBTC Bank, the customer care can handle your issues, relate them with their asset management wing and you will get your desired response immediately.

The first time I tried to open FBNQUEST Account. I went to the main FBN (Commassie) branch in Abuja. I was only told that they used to be here but have moved out to Mataima. You can open a Stanbic MMF Account in any Stanbic IBTC Bank branch.

Brands like United Capital Asset Management are doing very well on their without recourse to UBA. Also, to me as a customer I prefer the services of Coronation to that of Access Bank their parent.

Thank you for the detailed information.

freeman67:


For me, Morgan has been very ok and I have never hesitated to recommend it to anybody that needs it. Their fees/charges is about the cheapest among brokers here. You can connect to NGX live feed through the Morgan itrade webportal and make realtime transactions yourself without recourse to them. With them, your account is credited when you pay and email notification will be sent you instantly. So long as you rightly indicate your account number no need to call them. If you request for withdrawal through their automated channels on the web portal it you mandated account will be credited in no distant time. The only complaints you can get is sometimes when the NGX platform is down you may not be able to access. Also, once in a while people complain about their customer care but I have not encountered it like that.

I experienced same thing with Stanbic IBTC Stock brokers. I got frustrated and left them alone. The most annoying thing is that they started responding after I have gotten myself sorted out.

Like you have been told, the efficiency of the parent body has nothing with subsidiaries ooo.

If may say, not minding the fact that the have frustrated me of recent and am very angry with them, the most accessible Asset Management firm through their parent bank is SIAML . In any Stanbic IBTC Bank, the customer care can handle your issues, relate them with their asset management wing and you will get your desired response immediately.

The first time I tried to open FBNQUEST Account. I went to the main FBN (Commassie) branch in Abuja. I was only told that they used to be here but have moved out to Mataima. You can open a Stanbic MMF Account in any Stanbic IBTC Bank branch.

Brands like United Capital Asset Management are doing very well on their without recourse to UBA. Also, to me as a customer I prefer the services of Coronation to that of Access Bank their parent.

olig:
Thank you for the detailed information.

Is there any possibility of the uneventful event of HERITAGE BANK befall any of the MMF MANAGERS ?

If yes will NDIC 5M benchmark apply too and if No how will redemption of fund happen.?

Solution101:


Is there any possibility of the uneventful event of HERITAGE BANK befall any of the MMF MANAGERS ?

If yes will NDIC 5M benchmark apply too and if No how will redemption of fund happen.?

There is a reason why MMF is called low risk investment.

UBA is always frustrating
I have been trying to make I transaction on my uba account for 3days, it's all proven abortive. I sent an email to the customer service, over 24 hours now no reply. Only to go to the bank and I was told my account of 5 months old was debt freez ( new English).
The services I got in the bank was very poor and non cherlant. The customers service lady reluctantly told me togo home that is only head office that can solve the issue..
My small hard earn money with this harsh economy . I need money ohhhh please help me ppl .
What is the best aproach

I need uba to reply me and unfreeze my account before u go mad ohhhhh

Batman2412:
It's the minimum withdrawal amount

I got the question wrong. I wanted to ask about the maximum you can withdraw on tier 2.

Every investment or "not investment" comes with its own risk. However, MMF is rated low risk (that does not indicate no risk anyway). It invest in stable/reliable/low risk assets. But no matter how reliable one might think the likes of Treasury bills, commercial papers, etc are, eventualities can still happen; war, natural disaster, etc. Which would put the fund, nation and everything at risk. No one can tell exactly what would happen to the fund if those eventualities that could put the fund at risk happen. The same way no one can tell exactly what would happen if him/her sleep without waking up. Although, MMF is unlikely to enter complete liquidation, unlike high risk/high yield funds.

More so, I don't think Mutual funds are not even issured by NDIC likes banks. If they do, I don't know the amount issued. Technically, the absolute "security" is the part/percentage of the funds invested in reliable assets like Treasury bills, etc.

I don't know if I am absolutely right or wrong anyways.

Solution101:


Is there any possibility of the uneventful event of HERITAGE BANK befall any of the MMF MANAGERS ?

If yes will NDIC 5M benchmark apply too and if No how will redemption of fund happen.?

Solution101:


Is there any possibility of the uneventful event of HERITAGE BANK befall any of the MMF MANAGERS ?

If yes will NDIC 5M benchmark apply too and if No how will redemption of fund happen.?

Highly unlikely, MMF do not loan out money, they are not high risk and they are monitored by the SEC, some MMF hold up to 150 Billion Naira, and even some banks keep money with them as a safe haven, unless in the event of War

₦10million can go through via app

VeeInsider:


I got the question wrong. I wanted to ask about the maximum you can withdraw on tier 2.