Batman2412:
₦10million can go through via app

It seems you're tier 3, they're requesting for TIN and other documents.

United Capital shared this with me via mail.

Tier one- Passport Photograph.
Deposit- #30,000, Withdrawal- #30,000

Tier 2- Provide a valid means of address and proof of address.
Maximum Deposit- #40,000, withdrawal #50,000.
The total money in account has to be #400,000 or else it will be flagged.

Tier 3- Provide all complete KYC documents- Provide a Valid means of address and Proof of address, passport photograph, PEP, Employment details, Self-certification.

I'm just seeing these tier 1 and tier 2 limitations. Web shows I'm tier 2 but I do big transactions without hitches. Perhaps I should be tier 3 as you rightly observed

VeeInsider:


It seems you're tier 3, they're requesting for TIN and other documents.

United Capital shared this with me via mail.

Tier one- Passport Photograph.
Deposit- #30,000, Withdrawal- #30,000

Tier 2- Provide a valid means of address and proof of address.
Maximum Deposit- #40,000, withdrawal #50,000.
The total money in account has to be #400,000 or else it will be flagged.

Tier 3- Provide all complete KYC documents- Provide a Valid means of address and Proof of address, passport photograph, PEP, Employment details, Self-certification.

sleekybaba:
Can i use my Mutual Funds account to purchase stock shares? I want to buy Fidelity Bank Shares. Or i have to open a new account that is different from Mutual funds with StanbicIBTC again?

Talk to StanbicIBTC Asset Management. For sometimes now, they have been sending me emails on using my MMF as collateral to obtain loans.

Please what's the current rate of IBTC MMF?

yak:
Please what's the current rate of IBTC MMF?

19.72%.

https://www.stanbicibtcfundsmanagement.com/invest-now-4ev6leqy/fund/simm

NL1960:


19.72%.

https://www.stanbicibtcfundsmanagement.com/invest-now-4ev6leqy/fund/simm

Thanks 🙏 I

sleekybaba:
Can i use my Mutual Funds account to purchase stock shares? I want to buy Fidelity Bank Shares. Or i have to open a new account that is different from Mutual funds with StanbicIBTC again?

@sleekybaba, MMF and stock are two different products. You can't use MMF account to buy shares, you will need to have stock/cscs account to buy shares. Many years back you could buy shares in the primary offer without cscs account because paper certificates were printed then, but now shares bought even in primary offer will be credited to your cscs account directly.

If wish to buy the ongoing fidelity or any other company shares, open a stock account it takes about 72hrs to do that if no kyc issues.

You can open a stock account with investment one right away. Click the third link on my signature to do that.

Requirements is the usual kyc documents
Note: you don't need cash to do that. Account opening is free.

Get in touch if you need further clarifications.

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.

boss abeg i need your whatspp number

NL1960:


19.72%.

https://www.stanbicibtcfundsmanagement.com/invest-now-4ev6leqy/fund/simm

is this after all their management & expense fees?

SetrakusRa:


is this after all their management & expense fees?

Do not know.

sleekybaba:
Can i use my Mutual Funds account to purchase stock shares? I want to buy Fidelity Bank Shares. Or i have to open a new account that is different from Mutual funds with StanbicIBTC again?

No you can't use Mutual Funds Account to purchase stock. You have to open a stock booking account separately. You can either contact the Stanbic IBTC Stock Brokers or ask their Asset Management to link you up with their brokers or find another stock broking firm.

Aside from the online profiling for the Stanbic E account mutual fund app.
Do I need to fill any other form for online redemption consent and how many days for payment after filling the form online or in the bank . Also does the redemption account have to be Stanbic?

SetrakusRa:


is this after all their management & expense fees?

Yes, the rate displayed is net.

Pls, is AXA mansard mmf still good (I withdrew my investment with them 4years ago). I want to invest there. Or advice me on which mmf to invest in

fungirl89:
Pls, is AXA mansard mmf still good (I withdrew my investment with them 4years ago). I want to invest there. Or advice me on which mmf to invest in

Invest in Stanbic IBTC money market fund. My candid advice. You can use the link below:
https://www.stanbicibtcfundsmanagement.com/invest-now-w8knqjwb

fungirl89:
Pls, is AXA mansard mmf still good (I withdrew my investment with them 4years ago). I want to invest there. Or advice me on which mmf to invest in

@fungirl89, it depends on what you mean by good. When it comes to fund managers and the funds they manage, good means different things to different investors.

Most times some things are normally considered by investors - rate, customer service, ease of redemption of funds, and online services ie the ability to access your account online.

currently as of today,
mansard 19.5%
Stanbic 19.90%
Norrenberger 17.0%
You can now consider other things that define what you mean by good.

However, since I sell for Stanbic and Norrenberger I wish you go with Stanbic to help my ministry.

To open an account for free, you need:
- passport photo,
- ID card,
- utility bill that bears your name ( your NIN slip can be used in place of a utility bill that bears your name)

Click the first link on my signature to start. You can also contact me if you need further clarifications my numbers are on my signature.

Yesterday, just got 33k+ from my investment.

Omo!

This is better than keeping money in the bank

emmasoft:


This is not a Dollar fund. It's a placement where both the capital and interest are guaranteed.

Alternatively, you can do a dollar fund with Norrenberger, the minimum is $550

Wait oo.

So the money isn't 100% sure like MMF.
What you are saying is. If I invest $3000 there is a possibility that in 30days the money might drop to $2700 and interest is not guarantee.

hollerbaby:
Aside from the online profiling for the Stanbic E account mutual fund app.
Do I need to fill any other form for online redemption consent and how many days for payment after filling the form online or in the bank . Also does the redemption account have to be Stanbic?

You don't need to fill other forms once you complete the registration online

If you place redemption request before noon on any working day, you get your funds in your designated bank account same day otherwise you get it the next business day if you place redemption request on weekends or public holidays

Any commercial bank of your choice can be used as the redemption account, you don't have to be a customer of stanbic ibtc bank.

You can click the first link on my signature to open an account.

vefexam:


Wait oo.

So the money isn't 100% sure like MMF.
What you are saying is. If I invest $3000 there is a possibility that in 30days the money might drop to $2700 and interest is not guarantee.

Dollar funds are in the medium-risk investment category. The capital invested is not guaranteed compared to MMF.
The reason is that the underlying asset of the dollar fund is eurobonds which have some form of volatility - it's price dependent ie the price can go up or otherwise hence the value of your investment fluctuates with the price movement, hence professionally it's advised for investors wishing to invest in dollar fund to think long term because at the long run, you are sure to have hedge your funds against inflation or devaluation of local currency and in the process gain some interest on the fund invested.

Please note that it's not volatile like stocks so the probability of losing your money is close to zero.

Be in touch if you need more clarity.

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Contact (WhatsApp)
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emmasoft:


Dollar funds are in the medium-risk investment category. The capital invested is not guaranteed compared to MMF.
The reason is that the underlying asset of the dollar fund is eurobonds which have some form of volatility - it's price dependent ie the price can go up or otherwise hence the value of your investment fluctuates with the price movement, hence professionally it's advised for investors wishing to invest in dollar fund to think long term because at the long run, you are sure to have hedge your funds against inflation or devaluation of local currency and in the process gain some interest on the fund invested.

Please note that it's not volatile like stocks so the probability of losing your money is close to zero.

Be in touch if you need more clarity.

How do I sign up?

vefexam:


How do I sign up?

Complete the attached form. You can tick more than one type of mutual funds. All the accounts will be opened same time.
Kindly reach out to me before you submit.
Thank you.

Stanbic IBTC Minimum investable Dollar Fund now $100.

vefexam:
Yesterday, just got 33k+ from my investment.

Omo!

This is better than keeping money in the bank

The only challenge now is no one knows when rates will drop and what it will drop to. Certainty aids financial planning. I don’t think we will ever see rates peak this high again after this bubble. We can only hope CBN will maintain this high MPR….

Neurotika:


The only challenge now is no one knows when rates will drop and what it will drop to. Certainty aids financial planning. I don’t think we will ever see rates peak this high again after this bubble. We can only hope CBN will maintain this high MPR….

The rule of this investment is to enjoy it while it lasts. Don't bother, when the rate changes there will be another opportunity. Normally a rate drop is an opportunity in another segment of investment except when there is a complete economic meltdown which in itself is another opportunity in disguise.

emmasoft:


The rule of this investment is to enjoy it while it lasts. Don't bother, when the rate changes there will be another opportunity. Normally a rate drop is an opportunity in another segment of investment except when there is a complete economic meltdown which in itself is another opportunity in disguise. ask

Noted thanks.

emmasoft:


@fungirl89, it depends on what you mean by good. When it comes to fund managers and the funds they manage, good means different things to different investors.

Most times some things are normally considered by investors - rate, customer service, ease of redemption of funds, and online services ie the ability to access your account online.

currently as of today,
mansard 19.5%
Stanbic 19.90%
Norrenberger 17.0%
You can now consider other things that define what you mean by good.

However, since I sell for Stanbic and Norrenberger I wish you go with Stanbic to help my ministry.

To open an account for free, you need:
- passport photo,
- ID card,
- utility bill that bears your name ( your NIN slip can be used in place of a utility bill that bears your name)

Click the first link on my signature to start. You can also contact me if you need further clarifications my numbers are on my signature.

Never knew you can use NIN slip in place of utility bill. I want to help my sister-in-law open Stanbic MMF but utility bill has been her challenge as they live in their own house in Benin and it is solar that they are using.

If NIN slip is used for utility bill, can the same NIN slip be used for means of identification?.

NL1960:


Never knew you can use NIN slip in place of utility bill. I want to help my sister-in-law open Stanbic MMF but utility bill has been her challenge as they live in their own house in Benin and it is solar that they are using.

If NIN slip is used for utility bill, can the same NIN slip be used for means of identification?.

Yes, especially for Stanbic. They know many investors who wish to invest may not have their personal property so they now use any govt issued id card that has your address in place of utility bill. However, it means the address on the NIN must be the address to fill on the form even if the current address the customer lives is different.

Since you are using the same NIN as ID and utility bill, in the space for ID and utility bill upload the NIN slip for both.

My oga I beg use my link ie first link on my signature when you want to open the account o I know you always help my ministry

emmasoft:


Yes, especially for Stanbic. They know many investors who wish to invest may not have their personal property so they now use any govt issued id card that has your address in place of utility bill. However, it means the address on the NIN must be the address to fill on the form even if the current address the customer lives is different.

Since you are using the same NIN as ID and utility bill, in the space for ID and utility bill upload the NIN slip for both.

My oga I beg use my link ie first link on my signature when you want to open the account o I know you always help my ministry

Ok. I will tell her.

Na your link I go use now. I also used it when I opened for my wife.

NL1960:


Ok. I will tell her.

Na your link I go use now. I also used it when I opened for my wife.

I trust you my oga.
Thank you.