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Mutual Funds - Investment (278) - Nairaland

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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 just2endowed: 9:54pm On Oct 10, 2022
emmasoft:


Always between 1st and 7th into the new quarter.
Reinvestment is usually done earlier before cash payment into investors' bank accounts

oga emmasoft, my FSDH app cant login as i forgot my usersname and password
Re: Mutual Funds by emmasoft(m): 10:18pm On Oct 10, 2022
just2endowed:


oga emmasoft, my FSDH app cant login as i forgot my usersname and password

Please chat me with the phone number on my signature.
Re: Mutual Funds by emmasoft(m): 10:26pm On Oct 10, 2022
yak:


If the rate is fine, I wouldn't mind the delay.
In fact I'm thinking of dividing my capital into 2 and run a 6 month comparison on 2 different platforms to see the difference in ROI

You can come to FSDH for a better rate and good customer service. The net rate is 11.27% for the Coral Money Market fund.
Apart from the usual option of reinvestment of accrued interest, you can also opt for monthly interest payments.

Opening an account is simple and free. You can contact me with details on my signature.
Re: Mutual Funds by just2endowed: 10:46pm On Oct 10, 2022
emmasoft:


Please chat me with the phone number on my signature.


Ok
Re: Mutual Funds by choo: 4:22pm On Oct 13, 2022
Good evening All. Please can someone share with me how best to fund my Stanbicibtc e-account for MMF. i can't seem to do it via my app as the e-account is not recognized as a normal bank account.
Re: Mutual Funds by bjtinz: 5:04pm On Oct 13, 2022
Standardguy:


Please remain where you are if you have no issues with them. UCAP delays a lot. I may leave them soon

Hmm. really? I'm surprised to see this. Not holding brief for them, but would easily rank United Cap as among the best when it comes to withdrawals, based on my experience. In fact made a req last week and account was credited abt 24hours later. For others eg investment one, I would have to follow up with calls and takes a while.

But I guess we have our different experiences. . .

My only issue with them (United Cap), was with their platform and inability to see daily gains. Here, Stanbic and ARM take the lead.
Re: Mutual Funds by vinmayo(m): 7:28pm On Oct 13, 2022
choo:
Good evening All. Please can someone share with me how best to fund my Stanbicibtc e-account for MMF. i can't seem to do it via my app as the e-account is not recognized as a normal bank account.

1023413552 UBA
Quote your eAccount as the remark.

Or use your card and fund.
Re: Mutual Funds by choo: 7:45pm On Oct 13, 2022
vinmayo:


1023413552 UBA
Quote your eAccount as the remark.

Or use your card and fund.

How do you mean i should use my card and fund, can you kindly explain this Sir?
Re: Mutual Funds by Standardguy(m): 7:45pm On Oct 13, 2022
bjtinz:


Hmm. really? I'm surprised to see this. Not holding brief for them, but would easily rank United Cap as among the best when it comes to withdrawals, based on my experience. In fact made a req last week and account was credited abt 24hours later. For others eg investment one, I would have to follow up with calls and takes a while.

But I guess we have our different experiences. . .

My only issue with them (United Cap), was with their platform and inability to see daily gains. Here, Stanbic and ARM take the lead.

Hmm. I have not done any withdrawal yet. I am just surprised that they have not paid the last quarter interest up till this time.
Re: Mutual Funds by vinmayo(m): 8:31pm On Oct 13, 2022
choo:


How do you mean i should use my card and fund, can you kindly explain this Sir?

Login to your portal Web or mobile app.

You will see "Top up investment"
Re: Mutual Funds by choo: 8:50pm On Oct 13, 2022
vinmayo:


Login to your portal Web or mobile app.

You will see "Top up investment"


Thank you

1 Like

Re: Mutual Funds by freeman67: 10:34pm On Oct 13, 2022
bjtinz:


Hmm. really? I'm surprised to see this. Not holding brief for them, but would easily rank United Cap as among the best when it comes to withdrawals, based on my experience. In fact made a req last week and account was credited abt 24hours later. For others eg investment one, I would have to follow up with calls and takes a while.

But I guess we have our different experiences. . .

My only issue with them (United Cap), was with their platform and inability to see daily gains. Here, Stanbic and ARM take the lead.

United Capital withdrawal is fine especially with MMF. Stanbic is better than all of them in self servicing. Their funding and withrawal is cool. So long as you follow their instructions, you can transact on you own without contacting anybody.
Re: Mutual Funds by emmasoft(m): 12:28am On Oct 16, 2022
A very good alternative to tbills is Money Market Fund.

SOME REASONS WHY I WILL PREFER MMF ARE:

You can start mmf with much lower amount compared to tbills. With 5,000 you can start investing in Coral mmf. The least for tbills is 100k.

When rate increases, it will not affect already invested funds in tbills but it does with mmf

You can't top up with tbills. Top up is very possible with mmf even if you want daily top up.

Terminating before tenor expiration in tbills comes with penalties. For mmf after just 30 days, exit is without penalties.

mmf has other instruments like commercial papers that contributes to its rate.

You can easily automate reinvestment of interest in mmf ie taking advantage of the power of compound interest.

It's the investor that determines mmf tenor hence you can hold mmf as long as you wish no restrictions, tbills particularly primary auction has fixed tenors 3 months, 6 months or 1 year.

Right now mmf rates is on the rise.

CORAL MONEY MARKET FUND

Coral money market fund as the name implies is a mmf

Principal underlying asset is treasury bills and commercial papers hence there is little or no risk at all. You can only lose money if the country no longer exist.

The interest is daily valued. It's currently 11.56% and it's upward looking base on economic realities right now – MPR 15.5%. Interest can't be fixed because of market forces on tbills but be rest assured there will always be interest and your capital is guaranteed.

If you are conservative with a low-risk appetite then Coral mmf is best for you.


You earn interest daily but it's paid every quarter on the first day of the next quarter ie Jan 1st, April 1st, July 1st, and Oct. 1st. You can also give instructions for your interest to be reinvested (compounding) which will be done automatically or for monthly interest payment.

Your capital and interest are guaranteed.

The minimum holding period is 30 days and the initial deposit from 5,000.

Parties to the fund:

Fund manager – FSDH Asset Management
Trustees: UTL trustees
custodian: UBA
regulator: SEC

You can do everything online- register and monitor your account.

Depositing money is not restricted it can be any amount and at any interval without a specific pattern.
Whenever you invest in the fund, your interest is prorated to cover the period of your investment before the payment date.
That means if you register and invest say 17th October 2022 you will be paid interest from 17th to 31st of December 2022 on 1st of January 2023 for that period and continues till another payment date.

You can invest in Coral money market fund with the current rate of 11.56%

To open an account, click on the link on my signature/contact me.
KYC requirements for online registration are:
- Passport photo
- Utility bill not older than 3 months, other documents you can use in place of utility bill are: NIN if you didn’t use it as your ID and the front page of your signed bank account statement.
In any of the cases, the address on the utility bill or any equivalent should be the same as what you indicated on the registration form.
- ID card can be any of these - national ID, driver’s license, voters card, Int’l passport
- your signature
you can also reach me with the phone number on my signature if you need for clarification.
Re: Mutual Funds by bayo4up1: 12:55pm On Oct 16, 2022
Contact me for :
OAU PAYMENT FOR CERTIFICATE
TRANSCRIPT APPLICATION
POST GRADUATE APPLICATION
WAEC REGISTRATION
NECO REGISTRATION
ADDRESS: S.U.B OAU 08032073400
Re: Mutual Funds by ernie4life(m): 2:25pm On Oct 16, 2022
bayo4up1:
Contact me for :
OAU PAYMENT FOR CERTIFICATE
TRANSCRIPT APPLICATION
POST GRADUATE APPLICATION
WAEC REGISTRATION
NECO REGISTRATION
ADDRESS: S.U.B OAU 08032073400

Is it a type of mutual fund grin grin grin grin grin

6 Likes

Re: Mutual Funds by Onboard1: 3:12pm On Oct 18, 2022
brainhack:
It is just me or Stanbic MMF is not as competitive as before. Historically their interest rates are significantly lower compared to their competitors.

In my books FBNQ MMF seems to be doing far better than them in all aspects.

The link to check their current interest rate is not working, are they trying to hide it lol.

If they are tired, I am not tired of moving.


How do you top up your Stanbic MMF without being charged?
They charge me whenever I added funds through the app
Re: Mutual Funds by vinmayo(m): 4:17pm On Oct 18, 2022
Onboard1:


How do you top up your Stanbic MMF without being charged?
They charge me whenever I added funds through the app

Bank Transfer

1 Like

Re: Mutual Funds by brainhack(m): 5:23pm On Oct 18, 2022
Onboard1:
How do you top up your Stanbic MMF without being charged? They charge me whenever I added funds through the app

vinmayo:
Bank Transfer
Re: Mutual Funds by freeman67: 5:31pm On Oct 18, 2022
Onboard1:


How do you top up your Stanbic MMF without being charged?
They charge me whenever I added funds through the app

1. Get the account number of Stanbic IBTC MMF collection account. You can get it from your bank. It is also part of the document given to you if you open your MMF accoun in a branch/offline.

2. Make your normal fund transfer to the account. It could be from the banking, throughout your internet banking or your mobile app. For me I do not (USSD) so I won't recommend it. Make sure this transfer is done before 12:00pm. It will reflect in your account later that evening. If not the it will reflect the next day.

3. State clearly in the Narration/Remark/ Reason for payment column : your Stanbic IBTC MMF Account number and your name.

4. With the above, you will only be charged N53 & N7.5 VAT. Nothing more.

2 Likes

Re: Mutual Funds by bfn1: 9:14pm On Oct 18, 2022
Onboard1:
How do you top up your Stanbic MMF without being charged?
They charge me whenever I added funds through the app
Here is the current collection account for StanbicIBTC MMF:

Account Name: UBA Nom First Trustees StanbicIBTC Money Market Fund Collection Ac
Account No: 1023413552
Bank: UBA
Note: Ensure you state your E-account number as the narration/description of your transfer.

This is just to buttress all that freeman67 posted up there.

5 Likes

Re: Mutual Funds by Onboard1: 4:00am On Oct 19, 2022
freeman67:


1. Get the account number of Stanbic IBTC MMF collection account. You can get it from your bank. It is also part of the document given to you if you open your MMF accoun in a branch/offline.

2. Make your normal fund transfer to the account. It could be from the banking, throughout your internet banking or your mobile app. For me I do not (USSD) so I won't recommend it. Make sure this transfer is done before 12:00pm. It will reflect in your account later that evening. If not the it will reflect the next day.

3. State clearly in the Narration/Remark/ Reason for payment column : your Stanbic IBTC MMF Account number and your name.

4. With the above, you will only be charged N53 & N7.5 VAT. Nothing more.


Very helpful.
Thank you.
Re: Mutual Funds by Onboard1: 4:10am On Oct 19, 2022
bfn1:

Here is the current collection account for StanbicIBTC MMF:

Account Name: UBA Nom First Trustees StanbicIBTC Money Market Fund Collection Ac
Account No: 1023413552
Bank: UBA
Note: Ensure you state your E-account number as the narration/description of your transfer.

This is just to buttress all that freeman67 posted up there.


Big thanks for your help ��
Re: Mutual Funds by highcurrent: 8:32pm On Oct 19, 2022
Good evening house,
Has UCAP paid dividend for Q3??
Re: Mutual Funds by Standardguy(m): 1:53am On Oct 23, 2022
highcurrent:
Good evening house,
Has UCAP paid dividend for Q3??

They have

1 Like

Re: Mutual Funds by weseyboy(m): 5:04am On Oct 23, 2022
CHD MONEY MARKET FUND

CHD money market fund is a mutual funds where you can saving up for a target project like school fees, house rent, travel plans, wedding plans or any other future plans.

Funds can be added at any point in time , daily, weekly or monthly

The interest is daily valued. It's currently at 12.05% and it is not fixed,it can change upward or downward but currently its upward looking base on economic realities right now and be rest assured there will always be interest and your capital is guaranteed.

If you are conservative with a low-risk appetite then CHD money market fund is best for you.


You earn interest daily but it's paid every quarter on the first day of the next quarter from the date you started. You can also give instructions for your interest to be reinvested (compounding) which will be done automatically or for the interest to be paid after every quarter.

Your capital is guaranteed and interest are assured.

There is NO holding period and the initial deposit start from 5,000.

Parties to the fund:

Fund manager – Chapel Hill Denham Limited (CHD)
Regulator: SEC ,NGX


To open an account, click on the link on my signature/contact me.

KYC requirements for application:
1. Passport photo
2. Utility bill not older than 3 months.
3. ID card can be any of these - national ID, driver’s license, voters card, Int’l passport
4. BVN .

you can also reach me with the phone number on my signature for more enquires or Whatsapp me on 0 8 0 2 0 8 8 8 4 5 6 .
Re: Mutual Funds by spiralwedge(m): 8:12am On Oct 23, 2022
Please house, is GTB MMF good?
I have been using Stanbic MMF since 2017.
Can someone please do a comparison?


Qlso, someone should kindly tell if it is possible to fund a GTB Dom from a GTB savings account. And if possible, at what rate?
Re: Mutual Funds by ibechris(m): 1:06pm On Oct 23, 2022
weseyboy:
CHD MONEY MARKET FUND

CHD money market fund is a mutual funds where you can saving up for a target project like school fees, house rent, travel plans, wedding plans or any other future plans.

Funds can be added at any point in time , daily, weekly or monthly

The interest is daily valued. It's currently at 12.05% and it is not fixed,it can change upward or downward but currently its upward looking base on economic realities right now and be rest assured there will always be interest and your capital is guaranteed.

If you are conservative with a low-risk appetite then CHD money market fund is best for you.


You earn interest daily but it's paid every quarter on the first day of the next quarter from the date you started. You can also give instructions for your interest to be reinvested (compounding) which will be done automatically or for the interest to be paid after every quarter.

Your capital is guaranteed and interest are assured.

There is NO holding period and the initial deposit start from 5,000.

Parties to the fund:

Fund manager – Chapel Hill Denham Limited (CHD)
Regulator: SEC ,NGX


To open an account, click on the link on my signature/contact me.

KYC requirements for application:
1. Passport photo
2. Utility bill not older than 3 months.
3. ID card can be any of these - national ID, driver’s license, voters card, Int’l passport
4. BVN .

you can also reach me with the phone number on my signature for more enquires or Whatsapp me on 0 8 0 2 0 8 8 8 4 5 6 .



Where is ur office in Abuja?
Re: Mutual Funds by Mma24(f): 10:57pm On Oct 31, 2022
Hi guys,

I have been investing with Stanbic IBTC and seeing my accumulated interested but in October I noticed that my interests has been withdrawn I contacted them they claimed that they paid it into my bank account but no such money was received and my statement of account shows nothing entered but they are still insisting through their email that it did.

Please what do I do in this situation? I feel scammed by Stanbic IBTC
Re: Mutual Funds by Boyhood: 11:07pm On Oct 31, 2022
Mma24:
Hi guys,

I have been investing with Stanbic IBTC and seeing my accumulated interested but in October I noticed that my interests has been withdrawn I contacted them they claimed that they paid it into my bank account but no such money was received and my statement of account shows nothing entered but they are still insisting through their email that it did.

Please what do I do in this situation? I feel scammed by Stanbic IBTC
And you are sure it was not reinvested (joined to your principal funds)? Please check your investment/redemption history within the time frame in question and confirm it wasn't reinvested. I think it's ok you reconfirm the Acct details (for redemption) attached to your mmf

2 Likes

Re: Mutual Funds by dammybrite: 8:14pm On Nov 05, 2022
After doing the above and you still think there's a flaw somewhere, you may do them another mail attaching your statement for the period.

Boyhood:

And you are sure it was not reinvested (joined to your principal funds)? Please check your investment/redemption history within the time frame in question and confirm it wasn't reinvested. I think it's ok you reconfirm the Acct details (for redemption) attached to your mmf

2 Likes

Re: Mutual Funds by JaySterling: 9:58am On Nov 06, 2022
Can someone advise me which is better

Gtbank MMF or Stanbic MMF?

I plan to invest up to 10M and I want good interest rate for my money.
Re: Mutual Funds by emmasoft(m): 11:02pm On Nov 08, 2022
JaySterling:
Can someone advise me which is better

Gtbank MMF or Stanbic MMF?

I plan to invest up to 10M and I want good interest rate for my money.

Come over to FSDH and invest in Coral Money Market fund it's currently 13.65% net interest rate as of 9th November 2022 and it's still upward looking

Click on d link on my signature to open account for free or reach me with the number on my signature if you need further clarification.

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