@Ernie, for NigFund, is principal 100% secured and guaranteed?
What is the interest rate, if any?

carpenter:

Unit trust is just a general name for all those funds we have been talking about. This might help http://www.first-trustees.com/page.php?item=Unit+Trust+Scheme&tag1=Products+and+Services

Thanks jare.

ernie4life:

Yea just walk in and make your investment, but please make sure you get the right information about the mutual funds before investing

thanks, do you know any office of deirs in ibadan, or its just the bank i will walk into

ifyalways:
@Ernie, for NigFund, is principal 100% secured and guaranteed?
What is the interest rate, if any?

Thanks jare.

Yea both capital and interest is gguaranteed.the interest rate is 10%

sextail:

thanks, do you know any office of deirs in ibadan, or its just the bank i will walk into

depends on which investment house u want to buy there mutual funds.

ernie4life:

depends on which investment house u want to buy there mutual funds.

KGIF and Stanbic Offices

Great thread! I have been investing in mutual fund for over 5 years now. Mutual fund made me to start learning about investment in general. At the moment, while I still invest in mutual as part of my diversification strategy, I do more of stocks.

I invest with ARM mutual fund and they've been wonderful. They pay yearly dividends, and the ROI is quite encouraging based on the instruments. Currently I only have stake in their ARM AGF and Discovery fund instruments which I prefer the AGF because its more exposed to equities and that's cool for me and fits my strategy.

It will be interesting to note that mutual funds are very much good for longterm investment. If you're investing for the short term, this financial vehicle is not suitable for you I'm afraid.

Attached is a factsheet which I believe could help those that would be interested in starting up a mutual fund investment.

http://www.arminvestmentcenter.com/individual-investors/products-and-services/compare-our-mutual-funds/

Please do more research about any investment you intend to put your hard earned money.

Thanks

sextail:


KGIF and Stanbic Offices

kgif is managed by Investment One and the don't have an office in Ibadan but the have two offices in lagos, I think stanbic has an office in Ibadan. note that most of this transactions can be done online, distance is not a barrier

Comsol:
Great thread! I have been investing in mutual fund for over 5 years now. Mutual fund made me to start learning about investment in general. At the moment, while I still invest in mutual as part of my diversification strategy, I do more of stocks.

I invest with ARM mutual fund and they've been wonderful. They pay yearly dividends, and the ROI is quite encouraging based on the instruments. Currently I only have stake in their ARM AGF and Discovery fund instruments which I prefer the AGF because its more exposed to equities and that's cool for me and fits my strategy.

It will be interesting to note that mutual funds are very much good for longterm investment. If you're investing for the short term, this financial vehicle is not suitable for you I'm afraid.

Attached is a factsheet which I believe could help those that would be interested in starting up a mutual fund investment.

http://www.arminvestmentcenter.com/individual-investors/products-and-services/compare-our-mutual-funds/

Please do more research about any investment you intend to put your hard earned money.

Thanks

nice post, could u elaborate more like what's the minimum investment, what's the interest rate, is the interest guaranteed, what is the tax implications and what's the duration of the investment.

Good job ernie.

Ok let me drop more light on KGIF, kgif is a product of kakawa which is now investment one. I had to pay a visit to their office in Portharcourt and one fair lady explained everything to me. For those who can not part with their principal, your principal is safe and you will always receive an interest rate of 12% on your principal. Interest is paid two times in a year and the investment is for 1year and above. If you have any question you can ask am here to assist you guys

A thought just came to me and sure am not the first to think about this...maybe it exists already.

Is there any index fund for trading in forex? Where several people pull capital together and a fund manager manages the fund the way we have them managing mutual funds.

carpenter:
A thought just came to me and sure am not the first to think about this...maybe it exists already.

Is there any index fund for trading in forex? Where several people pull capital together and a fund manager manages the fund the way we have them managing mutual funds.

never heard of such

sunboy:
I think i would give ARMa chance, i was at their office yesterday. Their staff that attended to me adviced that i just go for the Money Market Fund because my principal is guaranteed, and that they have a fixed interest of 11% currently they pay quarterly and a daily changes happen to my fund which have no effect on 11% pay out.
Minimum initial investment of 50,000
Additional is in 25k

What do you guys suggest? any body done the money market fund by ARM to confirm or debunk this claim ?

u mean 11% after six month, dat is nt up to 10 thousand naira, am i right ?

carpenter:
A thought just came to me and sure am not the first to think about this...maybe it exists already.

Is there any index fund for trading in forex? Where several people pull capital together and a fund manager manages the fund the way we have them managing mutual funds.

yes, plenty, contact me, i will give u enough infor, some of the company are own by nairaland member. One is already trading for me

princeuk21:
Ok let me drop more light on KGIF, kgif is a product of kakawa which is now investment one. I had to pay a visit to their office in Portharcourt and one fair lady explained everything to me. For those who can not part with their principal, your principal is safe and you will always receive an interest rate of 12% on your principal. Interest is paid two times in a year and the investment is for 1year and above. If you have any question you can ask am here to assist you guys

pls the 12% is it every month or ones in six month ?

Kennyfancy:
pls the 12% is it every month or ones in six month ?

12 percent per year ie 6percent in 6months or 1percent per month whichever way u want to express it

100k gives 12k per year n 6k in 6months

Kennyfancy:
yes, plenty, contact me, i will give u enough infor, some of the company are own by nairaland member. One is already trading for me

Hmmm...that's interesting.

Unfortunately, I am looking for established companies like the ones we invest Mutual Funds with.

Thanks for the offer.

Kennyfancy:
u mean 11% after six month, dat is nt up to 10 thousand naira, am i right ?

Nope! Quarter is 3months.

Kennyfancy:
pls the 12% is it every month or ones in six month ?

6% every 6 month =12% in a year

carpenter:

Hmmm...that's interesting.

Unfortunately, I am looking for established companies like the ones we invest Mutual Funds with.

Thanks for the offer.

Hehehe.

Hustlers everywhere.

I need some clarifications please :

Example :
One invests 50,000 on KGIF.
Instructs that dividends be re-invested.
So, after 6 months and 6% dividend payout, he will now have 53,000 as principal right? By the end of the financial year ie another six months he has 56,180 as principal. As opposed to getting just 56,000 at the end of 12 months.
I just hope someone gets my drift. Need to know if i've been short changed

ifyalways:
I need some clarifications please :
Example :
One invests 50,000 on KGIF.
Instructs that dividends be re-invested.
So, after 6 months and 6% dividend payout, he will now have 53,000 as principal right? By the end of the financial year ie another six months he has 56,180 as principal. As opposed to getting just 56,000 at the end of 12 months.
I just hope someone gets my drift. Need to know if i've been short changed

Yes your maths is about right. The difference may look small considering the amount involved but if you don't need the dividends immediately better to re-invest it. It also helps you to develop a plan you can continue to follow even when you have 50m in there.

ifyalways:
I need some clarifications please :

Example :
One invests 50,000 on KGIF.
Instructs that dividends be re-invested.
So, after 6 months and 6% dividend payout, he will now have 53,000 as principal right? By the end of the financial year ie another six months he has 56,180 as principal. As opposed to getting just 56,000 at the end of 12 months.
I just hope someone gets my drift. Need to know if i've been short changed

yes that's what it is

ernie4life:


yes that's what it is

Oh thanks.

carpenter:

Yes your maths is about right. The difference may look small considering the amount involved but if you don't need the dividends immediately better to re-invest it. It also helps you to develop a plan you can continue to follow even when you have 50m in there.

Thanks. Every penny counts so man must calculate well.

ifyalways:

Oh thanks.


Thanks. Every penny counts so man must calculate well.

@ ifyalways, na u carry me come here again. i hope to take dis bold step n join you soon. am yet to recover from some losses of so called investment not this type though. all d best.

carpenter:
A thought just came to me and sure am not the first to think about this...maybe it exists already.

Is there any index fund for trading in forex? Where several people pull capital together and a fund manager manages the fund the way we have them managing mutual funds.

There are many of them out there. Many FX brokers offer what's called PAMM(Percentage Allocation Money Management) account(s). But requires a bit huge capital ($1,000-5,000 upward) and It's very risky when compared to stock trading. Brother, everything can vanish in just a few seconds, I've to be honest with you. The reward is very high, depending on the experience of the trader/fund manager handling the fund.

Never trade with an unregulated forex broker. Deal only with brokers where they are regulated by 3 following countries: US, Swiss and UK(Personally, I prefer UK 'cos of FCA tough regulations).

You might want to check out an example of how PAMMs work as offered by some reputable and regulated forex brokers - Dukascopy, Corner Trader (not a recommendation, though).

Has anybody received dividend from Stanbic Ibtc Money Market fund Q3 2014?

sys007:

There are many of them out there. Many FX brokers offer what's called PAMM(Percentage Allocation Money Management) account(s). But requires a bit huge capital ($1,000-5,000 upward) and It's very risky when compared to stock trading. Brother, everything can vanish in just a few seconds, I've to be honest with you. The reward is very high, depending on the experience of the trader/fund manager handling the fund.
Never trade with an unregulated forex broker. Deal only with brokers where they are regulated by 3 following countries: US, Swiss and UK(Personally, I prefer UK 'cos of FCA tough regulations).
You might want to check out an example of how PAMMs work as offered by some reputable and regulated forex brokers - Dukascopy, Corner Trader (not a recommendation, though).

Thank you. I will do some research.

carpenter:

Hmmm...that's interesting.

Unfortunately, I am looking for established companies like the ones we invest Mutual Funds with.

Thanks for the offer.

pm me, we hav many that ar even more popular than mutual, most ar even foreign company with strong root in nigeria

Kennyfancy:
pm me, we hav many that ar even more popular than mutual, most ar even foreign company with strong root in nigeria

Old boy, na b force

Post whatever information you have here jor...

carpenter:


Old boy, na b force

Post whatever information you have here jor...

lol

eripecs:
@ ifyalways, na u carry me come here again. i hope to take dis bold step n join you soon. am yet to recover from some losses of so called investment not this type though. all d best.

You are welcome. No pain, no gain.