Richdiamond000:
Hey guys

I contacted GT Fund Managers about investment, the gave me forms to fill and account to deposit my investment amount.

What that made me surprised is the fact that the account was a Stanbic IBTC account

Why would GTBank Fund managers be using an account with Stanbic IBTC ?

Does this mean the fund I’m investing with them is going to be re-invested by them into Stanbic Money Market Investment ?? This is weird

Read my earlier post precisely the one I made on 16th June 2024 on this thread, it will answer your question.

Obinnau:
No, he will only be charged 20% of his earned interests if he decides to withdraw before 30 days. after 30 days, no issues. the only downside is that he may be limited to withdrawing 5 million per day (not so sure)

Wow, this is very bad

5M per day 🤦🏾‍♀️

That means if he invests this 250M for 6 months, it will take close to 60 days to withdraw his capital and interests

This is too poor

Harshreality:
Thank you very much. Please do you have their current rate?

The rate varies depending on the tenor and the amount involved.

You can contact me so I can forward all products and rates to you.

Obinnau:
No, he will only be charged 20% of his earned interests if he decides to withdraw before 30 days. after 30 days, no issues. the only downside is that he may be limited to withdrawing 5 million per day (not so sure)

That means if he invests this 250M for 6 months, it will take close to 60 days to withdraw his capital and interests

This is too slow nau

@Emmasoft,

Sir, please why can one only withdraw 5M per day when they are ready to liquidate their funds from Stanbic Money Market

MelaninGemstone:
@Emmasoft,

Sir, please why can one only withdraw 5M per day when they are ready to liquidate their funds from Stanbic Money Market

Don't worry about the amount to be withdrawn, You can redeem any amount using the redemption form. If he decides to liquidate both the capital and interest, complete the redemption form and send it to customer care your request will be actioned as requested irrespective of the amount involved.

emmasoft:


SFS is actually fixed income fund not MMF. It's still the best in terms of fixed income fund. The fund is good if u don't have large sum to invest at once, you want to have the opportunity to top up and still wish to participant in FGN Bonds.
The rate is not as volatile as MMF which is valued daily

Buh why is United capitals and Stanbic funds so high to compare with that of sfsfund

Tohmey:

Buh why is United capitals and Stanbic funds so high to compare with that of sfsfund

That is what I just explained. Right now you are comparing MMF with Fixed income and that will not be correct.

Check the fixed income of Ucap and stanbic, non is up to 10% even the one of FbnQuest referred to as bond fund is about 12%. Currently SFS fixed income fund has the highest yield in the industry.
If you look at the average bond yield, it's about 18%. All fixed income funds have FGN Bond as major underlying asset and that is what differentiate them from MMF.

Like I have always said here, investing in fixed income fund is indirect way of investing in FGN Bond at convenient.

Same way MMF is indirect way of investing in Tbills in bits at investors convenient.

gbengene05:

thanks for this, I engaged them and they posted one out of two transactions I did. I will engage them further next week.
By the way any BETTER alternative?

Please did they later post your second transaction ??

I thought this process was automated

Why do we have to call and call before they post out transactions, even after we used our e-account number as reference

emmasoft:


Don't worry about the amount to be withdrawn, You can redeem any amount using the redemption form. If he decides to liquidate both the capital and interest, complete the redemption form and send it to customer care your request will be actioned as requested irrespective of the amount involved.

please my uncle just signed up for mmf, but he didn’t see where to chose the investment duration
28 days, 6 months, 1 year etc

Please advise

MelaninGemstone:
please my uncle just signed up for mmf, but he didn’t see where to chose the investment duration
28 days, 6 months, 1 year etc

Please advise

Please note MMF duration is determined by d investor. No specific tenors is set out by the fund managers. MMF is not like Tbills that has specific tenors.
You stay as long as you wish. Now that he's signed up, he can leave any time after 30 days without any penalties.

I will advice check up the last 5 pages before the current page on this thread, I have given answers to similar questions like this.

You can also reach out to me with the phone numbers on my signature.

emmasoft:


Please not MMF duration is determined by d investor. No specific tenors is set out by the fund managers. MMF is not like Tbills that has specific tenors.
You stay as long as you wish. Now that he's signed up, he can leave any time after 30 days without any penalties.

I will advice check up the last 5 pages before the current page on this thread, I have given answers to similar questions like this.

You can also reach out to me with the phone numbers on my signature.

Pls can you explain this penalty further? For existing investments that is usually rolled over.

Neurotika:


Pls can you explain this penalty further? For existing investments that is usually rolled over.

There is nothing like rollover investment in mmf.
Your capital is always there, you only do the following: top up, reinvest interest which is automatic, redeem part of your investment or liquidate your balance ie capital and interest at any point in time.

One rule is that any deposit must stay 30 days or more before it can be withdrawn without penalties otherwise you are charged 20% of the accrued interest on d amount you are withdrawing.

emmasoft:


There is nothing like rollover investment in mmf.
Your capital is always there, you only do the following: top up, reinvest interest which is automatic, redeem part of your investment or liquidate your balance ie capital and interest at any point in time.

One rule is that any deposit must stay 30 days or more before in can be withdrawn without penalties otherwise you are charged 20% of the accrued interest on d amount you are withdrawing.

Thanks for the response. However it’s still not very clear. Let’s say you have X amount of principal with interest accruing and rolled over into the next month. Then next month you withdraw a Y amount from the fund (once or twice), what’s the implication of this penalty wise. Also let’s say during a certain month, you top up with X amount and withdrew a Y amount (lesser or more than the top up amount), in the same month, what’s the implication of this too.

Neurotika:


Thanks for the response. However it’s still not very clear. Let’s say you have X amount of principal with interest accruing and rolled over into the next month. Then next month you withdraw a Y amount from the fund (once or twice), what’s the implication of this penalty wise. Also let’s say during a certain month, you top up with X amount and withdrew a Y amount (lesser or more than the top up amount), in the same month, what’s the implication of this too.

One rule is that any deposit must stay 30 days or more before it can be withdrawn without penalties otherwise you are charged 20% of the accrued interest on d amount you are withdrawing.

Read the bolded carefully it answers your question.
Or chat me up with the number on my signature.

emmasoft:


Please note MMF duration is determined by d investor. No specific tenors is set out by the fund managers. MMF is not like Tbills that has specific tenors.
You stay as long as you wish. Now that he's signed up, he can leave any time after 30 days without any penalties.

I will advice check up the last 5 pages before the current page on this thread, I have given answers to similar questions like this.

You can also reach out to me with the phone numbers on my signature.

please what’s the catch

This MMF investment seems too good to be true

21.5% per annum

How come everyone in Nigeria is not doing it ??

Please sir, what are the risks involved

MelaninGemstone:
please what’s the catch

This MMF investment seems too good to be true

21.5% per annum

How come everyone in Nigeria is not doing it ??

Please sir, what are the risks involved

Everyone in Nigeria is not doing it because not everyone in Nigeria knows about it.

Chat me up for a voice note for a complete guide, and all about MMF generally.

MelaninGemstone:
please what’s the catch?
This MMF investment seems too good to be true
21.5% per annum...

Lols! This week, FBNQuest’s MMF returned 23% average.
To buttress the contributions earlier made by Obinnau and emmasoft, the 21.5% return on Stanbic's MMF is due to the performance of its underlying securities.
MMFs are investment schemes set up to pool funds from investors (from individuals like your uncle and corporate entities) to invest in low-risk, short-term assets like Treasury bills and commercial papers.

How come everyone in Nigeria is not doing it ??

Omoh! You no rate the Nigerian investment community o!
This thread alone has over 1 million views and 10k+ comments to show you the robust engagements going on here.
Even FBNQuest MMF (only MMF o!) has over ₦234 billion Asset Under Management (AUM) yet it is not the largest player in the Nigerian mutual funds space.

Please sir, what are the risks involved

1. It is fully regulated by SEC.
2. The instruments being invested in are low risk.
3. Your principal investment cannot be eroded.
4. There are laws to ensure that MMF management functions are segmented to maintain proper checks and balances.

bfn1:
Lols! This week, FBNQuest’s MMF returned 23% average.
To buttress the contributions earlier made by Obinnau and emmasoft, the 21.5% return on Stanbic's MMF is due to the performance of its underlying securities.
MMFs are investment schemes set up to pool funds from investors (from individuals like your uncle and corporate entities) to invest in low-risk, short-term assets like Treasury bills and commercial papers.


Omoh! You no rate the Nigerian investment community o!
This thread alone has over 1 million views and 10k+ comments to show you the robust engagements going on here.
Even FBNQuest MMF (only MMF o!) has over ₦234 billion Asset Under Management (AUM) yet it is not the largest player in the Nigerian mutual funds space.


1. It is fully regulated by SEC.
2. The instruments being invested in are low risk.
3. Your principal investment cannot be eroded.
4. There are laws to ensure that MMF management functions are segmented to maintain proper checks and balances.

Thank you very much for this detailed informations and analysis

I am now reassured that my Uncle is going into the right investment

Please, should he just do FBN Quest which is 23%
Instead of Stanbic IBTC that is 21.5%

Thank you sir

MelaninGemstone:
Thank you very much for this detailed informations and analysis

I am now reassured that my Uncle is going into the right investment

Please, should he just do FBN Quest which is 23%
Instead of Stanbic IBTC that is 21.5%

Thank you sir

There are several asset management firms offering mutual funds, including FBNQuest, Stanbic, United Capital, GTFund Managers, etc.
For example, while you observed Stanbic MMF @ 21.5% last week, GT's MMF posted 19.44% (down from 20.72%).

So, to answer your question: No firm consistently leads in returns. MMF rates are primarily determined by the weighted average return of the underlying portfolio. And since rates fluctuate, the best a fund manager can do for his customer is to carry out a portfolio rebalancing (that is, changing the proportion of assets in their portfolios) in order to optimize returns.

See attached image for illustration: GTFM’s MMF current portfolio allocates 76.37% to Treasury bills. This allocation can however be adjusted (through portfolio rebalancing) between 25% and 85%, as permitted for short-term government instruments like T-bills (detailed in red box).

You can choose any reputable firm, provided there are no negative customer reviews about them.

emmasoft:


There is nothing like rollover investment in mmf.
Your capital is always there, you only do the following: top up, reinvest interest which is automatic, redeem part of your investment or liquidate your balance ie capital and interest at any point in time.

One rule is that any deposit must stay 30 days or more before it can be withdrawn without penalties otherwise you are charged 20% of the accrued interest on d amount you are withdrawing.

Did not know there was a penalty rule for a topup withdrawal that did not stay for 30days.

MelaninGemstone:
please what’s the catch

This MMF investment seems too good to be true

21.5% per annum

How come everyone in Nigeria is not doing it ??

Please sir, what are the risks involved

The issue is that it is not everyone in Nigeria that knows about investment. Most people just think that investment is about buying a house or building house. You can see that your uncle's first thought was buying a house.

NL1960:


Did not know there was a penalty rule for a topup withdrawal that did not stay for 30days.

Yes, there is. That is the rule, any fund not up to 30 days gets that penalty. However, when making withdrawal, the system will show you your funds you are paying penalty on.

For example you have 1m there in the past 70 days and you top up with 100k today, if by tomorrow you want to collect 1m and 50k, the system will show you that you will pay penalty on the 50k ie 20% of the accrued interest on the 50k

Good evening,
I just subscribe to MMF through stanbic.

How do I get my login password

kemshade:
Good evening,
I just subscribe to MMF through stanbic.

How do I get my login password

After registration through the link or form, you will get your e-account number within 24 working hours if no KYC issues.
You will get a password that you are required to change at first login after you make your initial deposit..

If it's today you did the registration, you will get your e-account number on Tuesday after the holiday.

emmasoft:


After registration through the link or form, you will get your e-account number within 24 working hours if no KYC issues.
You will get a password that you are required to change at first login after you make your initial deposit..

If it's today you did the registration, you will get your e-account number on Tuesday after the holiday.

Thank you very much

emmasoft:


After registration through the link or form, you will get your e-account number within 24 working hours if no KYC issues.
You will get a password that you are required to change at first login after you make your initial deposit..

If it's today you did the registration, you will get your e-account number on Tuesday after the holiday.

Good evening,
HOW & WHEN can one Top up. After the initial subscription is up and running

EndiaSami:

Good evening,
HOW & WHEN can one Top up. After the initial subscription is up and running

HOW - Top up the same way as you did for the initial deposit, using the same UBA account details
Transfer your top-up amount into the same UBA account and write your e-account number as the narration or description.

WHEN - Regarding the top-up, no particular method, time, or amount exists.
This is one of the advantages of MMF, with no restrictions. It's more or less like operating a savings account.
You can decide to top up daily, weekly, monthly, annually, or even a one-time lump sum deposit.

Good morning, I hav[color=#000099][/color]e a zero idea and interested in starting MMF. Please can you guide me through?
Thank in advance

yak:



MMF is my emergency fund oo.
I needed to pay a worker today, I opted to get some amount from my MMF around 9pm yesterday. 11:21 this morning, I trabsfered to the person.
God bless Whoever introduced me to MMF in 2018

petomas:
Good morning, I hav[color=#000099][/color]e a zero idea and interested in starting MMF. Please can you guide me through?
Thank in advance

@emmasoft

petomas:
Good morning, I hav[color=#000099][/color]e a zero idea and interested in starting MMF. Please can you guide me through?
Thank in advance

@petomas. You are in the right place and I believe you will be well guided.
To avoid repetitions, I will advise you to check my previous post on this thread, all you need to know about MMF is already posted.

However, if you don't mind, contact me using the phone number on my signature. I will send to you a comprehensive voice note on all you need to know about MMF.

You are welcome onboard.

emmasoft:


Please note MMF duration is determined by d investor. No specific tenors is set out by the fund managers. MMF is not like Tbills that has specific tenors.
You stay as long as you wish. Now that he's signed up, he can leave any time after 30 days without any penalties.

I will advice check up the last 5 pages before the current page on this thread, I have given answers to similar questions like this.

You can also reach out to me with the phone numbers on my signature.

Hello sir, please which of these accounts should my uncle pay to

He has successfully signed up and they sent this in the email with his e-account number