NL1960:


Shuooo. Stanbic don reach 14.67%?. That means i don see money be that for April School resumption bills. .

NL1960:


Shuooo. Stanbic don reach 14.67%?. That means i don see money be that for April School resumption bills. .

emmasoft:


That is why I said though they can give value also but you must be vigilant especially equity funds.
It's just like buying stocks directly. If you have the patient on the long run you can get value.

Like you said and I normally advice my clients if you are new in investment world, it's always better to start with MMF and fixed income funds. That is not to say balance or equity funds are bad investments.
The most important thing is to know your risk tolerance and stick to it and don't allow the euphoria of the market influence you so much as to ignore your risk tolerance no matter the gains a risky investment promise to give

A305:
Mr Emma, you seem knowledgeable in this matter.

I still hold my stanbic mmf investment from 5 years ago but now looking to top up.

Is there any such thing as top up limit l means the maximum amount of money one can invest. I just prefer mmf because it's risk conservative and not aggressive.


Something else — I haven't top up via app before, How long does it take for fund to reflect on MMF balance when top up is done via app?

emmasoft:


There is no limit to top up of your account.
Except the limit from your own bank.

For quick and same day value of your top up, kindly use your bank app, Internet banking or make the transfer from banking hall to the UBA collection account of the fund.

Any top up done using the stanbic app ie your ATM card, it takes two working days for your money to reflect on your account.

A305:
Thanks for your reply boss.

I will reach out to you via Whatsapp to assist with dollar based investment as well.

Tracyy122:
Abeg is my capital preserved in dollar mutual funds?

emmanuelewumi:



Yes

NL1960:
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held their second meeting of the year where they voted to:

- Raise monetary policy rate (MPR) by 200bps to 24.75%.
- Adjust the Asymmetric corridor around the MPR from +100/-700bps to +100/-300bps.
- Maintain the Cash Reserve Ratio (CRR) of Commercial banks at 45.00%.
- Adjust the Cash Reserve Ratio (CRR) of Merchant banks from 10.00% to 14.00%.
- Maintain the Liquidity Ratio at 30.00%.

Oyindamolah:
What's the implications

Tracyy122:
Please l credited my account since Thursday and the money is yet to reflect on my account.

What should l do? I am new to this investment thing . Stanbic ibtc MMF

enque:
if the credit was done after 12pm, then you'd get value on Tuesday morning.
cut-off time for same day settlement of stanbic mmf is 12noon, any payments after 12 reflect on the next working day.

Tracyy122:
Please l credited my account since Thursday and the money is yet to reflect on my account.

What should l do? I am new to this investment thing

enque:
if the credit was done after 12pm, then you'd get value on Tuesday morning.
cut-off time for same day settlement of stanbic mmf is 12noon, any payments after 12 reflect on the next working day.

enque:
if the credit was done after 12pm, then you'd get value on Tuesday morning.
cut-off time for same day settlement of stanbic mmf is 12noon, any payments after 12 reflect on the next working day.


Thank you so much for this response

Plus10:
What's happening to stanbic mmf , my daily return has not been updated since last week Thursday .Is anyone facing thesame challenge?

Meerahbel:
Happy Easter!
Which organization has the best MMF rate currently? @emmasoft

emmasoft:


There is no challenge, end of quarter things.
For those who opted for reinvestment, accrued interest have been reinvested.
All accrued interest from 1st till date will be posted soon.

Tracyy122:
Can l change the instructions l gave when l open the account ( That's opt for reinvestment of accrued interest instead of it being payed to my account?
Also, do l get taxed on my accrued interest?

emmasoft:


Reinvestment of interest is done at the end of every month.
Payment of interest to customers' bank accounts is done at the end of every quarter.

emmasoft:


There is no challenge, end of quarter things.
For those who opted for reinvestment, accrued interest have been reinvested.
All accrued interest from 1st till date will be posted soon.

freeman67:


I did before 10:00. Infact, same thing happened to me in December.

Tracyy122:
Abeg o, it's past 4pm on Tuesday and the money is yet to reflect. Should l be worried?

freeman67:


I have actually called them about mine today and I was told that maybe the money didn't drop before the end of Thursday that's why it wasn't credited that I should wait till the end of the day. So I am in same situation as you. No cause for alarm. Just that about 5 days interest is what they are stylishly chopping off.