Chinaza0g3:
Do we really have good mutual funds in Nigeria?

emmasoft:


Yes, there are good mutual funds.

A major consideration when you wish to invest in mutual funds or investment generally is the safety of your capital which is guaranteed in all money market funds. With government regulation through SEC, investors in mutual funds can rest assured of the safety of the funds.

Stanbic MMF or EDC MMF is a good option for Money market funds while
SFS fixed income fund is a good option for the fixed income category.

However, note that any mutual funds such as balance fund or equity funds that have elements of equity or purely equity base doesn't guarantee your returns or capital but the returns are always more than the MMF or Fixed income which is in line with the usual expression 'The higher the risk the higher the return and vice versa"

Tohmey:

Sir, does SFS fixed income rate fluctuate, is it regulated by SEC and what is the minimum amount i can invest there?

emmasoft:


Rate fluctuation is minimal unlike the MMF for example it has been above 11% for the past 6 months.
It's regulated by SEC and the minimum amount to invest is N5,000

enque:


Quick question for u....
Say I currently make X amount monthly as returns on stanbic MMF, does doubling the capital automatically double my monthly returns??

emmasoft:


Yes if the rate remains the same. The returns are proportional to the current capital. The higher the capital the higher the returns and vice versa

enque:


Ok Thanks
I digress a bit....
Noticed a drop in stanbic mmf interest in February vs January this year.
What cld have been the cause?

emmasoft:


Please note that the rate is valued daily and it can be up or down.
Generally, MMF rates were high across the industry from December last year till Mid January or so. In February rates went downward till this March. It's just last week that rate started to look up again. That is the reason you saw your returns lower.
Otherwise, it's as I explained above.

emmasoft:


Rate fluctuation is minimal unlike the MMF for example it has been above 11% for the past 6 months.
It's regulated by SEC and the minimum amount to invest is N5,000

Tohmey:
Good, but is fixed deposit of 11-13% is far better than that

emmasoft:


You can pay with a bank transfer using the following details:

Account name: UBA Nom First Trustees IBTC Money Market Fund
Account Number: 1023413552
Bank Name: UBA

Write your e-account number (C-004.....) as the description/narration or reference depending on the term your bank uses.

If you do the transfer before 12 noon, you get the same-day value and the interest otherwise it will be the next business day value and interest.

You can chat me up with the phone number on my signature if you need further clarification/assistance.

Chinaza0g3:
Do we really have good mutual funds in Nigeria?

emmasoft:

Don't leave your money idle in the bank, it increases your negative returns.

Get better returns as you invest in the Stanbic IBTC MMF for 9.12% as of today and the SFS Fixed income fund for 11.05%.

There is an opportunity for re-investment (Compounding) of your returns as long as you wish or you can opt for a monthly payment of returns.

Click the links on my signature or call to start investing.

Owoblowblow:


Hi Emma,
I hope you are well. I have few queries and I would be glad if u have a minute to respond.
1. Are there any MMF investment that guarantee a specify rate.
2. If I choose to re invest on 1,000,000 investment on SFS Fixed income fund at the rate of 11.05% what will be my returns in 5 years.
Thank you for your time.

emmasoft:


Good day @Owoblowblow,
I'm very well thank you. I hope you are too.

1. No. All MMF are valued daily because of the variations on the underlying assets. But the variation is not volatile like equities, interest is guaranteed ie investors will always have interest added to their invested capital anytime.

Rate is relatively stable especially the fixed income category of mutual funds like SFS FIF.

2. You will have 688,856.7517

A= P(1+R/100)raised to power 5
CI = A - P

With the following assumption that
1 rate remain 11.05 in 5years
2. You reinvested the interest for the 5 years
3. The 1m was a lump sum not contributed at any interval.

3. No addition of funds or partial redemption.

You can chat me up if you need further clarification.

@Emmasoft.
Thank you for this detail explanation. I will keep in touch
Kind regards

Chichilas:
Hello House,

Please, has anybody had any redemption issues wit Stanbic IBTC mutual funds in the last few weeks? I did a redemption over one week ago and after the funds were not credited into my account, I called them after 48 hours. They claim the transfer to my account failed and they are working on it. Everyday, I get text messages saying they are working on it and it is due to pressure on the payment platform. I do not know what that means. Calling them twice in the last few days has done nothing to resolve the issue. I am not sure if this is a general issue.

Can anyone please advise if they have had any such issues recently?

Appreciate the responses.

benedictuyi:

I had the same issue a couple of weeks and it was resolved.
You'll get your money

Chichilas:


Thank you. What was the timeframe for resolution?

yinkaoke:
Hello all, seems there's no page for Commercial Paper discussion. CP is the best instrument with higher yields this days. So if you wish to keep up with best returns follow this person @okemakinde2003 on Twitter for lastest and current commercial papers on offer.

Unlike treasury bills, CP available is not well publicized remember information rules the world. Cheers

yinkaoke:
Hello all, seems there's no page for Commercial Paper discussion. CP is the best instrument with higher yields this days. So if you wish to keep up with best returns follow this person @okemakinde2003 on Twitter for lastest and current commercial papers on offer.

Unlike treasury bills, CP available is not well publicized remember information rules the world. Cheers

otomatic:


There is a thread for commercial papers. Maybe you can help make it vibrant.

https://www.nairaland.com/5010648/commercial-papers/2#5010648.87

sgtponzihater1:


Personally, I would be careful investing in commercial papers when treasury bills and government bonds are available. It's higher risk investment, though the interest may sound enticing.

If the government can't pay, they can print more money, it private companies are broke, they declare bankruptcy