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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 carpenter(m): 4:49pm On Jan 09, 2015 |
Ty207: I do not think one is better than the other really, it depends on your situation and what works for you. I would not do fixed deposit due to personal reasons so MMF suits me better. KGIF offers the best rate I have seen so far though. |
Re: Mutual Funds by ernie4life(m): 5:44pm On Jan 09, 2015 |
carpenter: welcome carpenter, how was the break? |
Re: Mutual Funds by ps3o(m): 7:06pm On Jan 09, 2015 |
carpenter:thanks for the info! what of if I start with NGN 20,000 will it improve the rate or the interest is at a fixed rate on whatever principal? |
Re: Mutual Funds by sammily(m): 8:42pm On Jan 09, 2015 |
carpenter: Oh!! my bad, the rate is annual just as you explained. |
Re: Mutual Funds by ernie4life(m): 8:43pm On Jan 09, 2015 |
ps3o: interest is fixed but remember that 10% of 5000 is not the same of 20000 1 Like |
Re: Mutual Funds by emeka94(m): 10:56pm On Jan 09, 2015 |
carpenter: Welcome back from your digital detox. Choi I swear you've finished me. Na my Life savings you dey yab so oh. Lolzz Anyways, thanks a lot for the info. I will follow it up ASAP. The earlier one starts the better, right? Happy new year. 2 Likes |
Re: Mutual Funds by FruitfulSparkles(f): 9:12am On Jan 10, 2015 |
oh Jesus help me. financial intelligence does not come easy oh. all dis grammar ok. plz i want to do mmf with fbn wat questions should i ask. want to visit them by Monday. tanx in advance. 1 Like |
Re: Mutual Funds by ps3o(m): 10:49am On Jan 10, 2015 |
ernie4life:thanks! Will the principal still be intact OR is it only the dividend that becomes what i stand to enjoy? |
Re: Mutual Funds by lamby(m): 12:05pm On Jan 10, 2015 |
Has anyone here heard of Sterling Asset Management and Trust limited (SAMTL) They are owned by Sterling Bank and they pay 14% with interest paid quarterly Thought it will be good to share as some guys in my office use them Am about to start with them next month |
Re: Mutual Funds by ernie4life(m): 12:51pm On Jan 10, 2015 |
ps3o:principal is always intact 1 Like |
Re: Mutual Funds by ernie4life(m): 12:57pm On Jan 10, 2015 |
lamby: 14% is unbelievable and too good to be true. what will the be investing the money into? bonds go for 13% even MPR is 13%, so am wondering what the do with the money that gives them 14%. If we had a clue of what the do with the money then we will have more confidence to invest in it. please give us more info on it am interested and if I have time I may go to there office. 1 Like 1 Share |
Re: Mutual Funds by carpenter(m): 2:03pm On Jan 10, 2015 |
ernie4life: not bad bro...need some more though |
Re: Mutual Funds by carpenter(m): 2:07pm On Jan 10, 2015 |
emeka94: Yes O! the earlier the better. |
Re: Mutual Funds by carpenter(m): 2:19pm On Jan 10, 2015 |
ernie4life: My thoughts too and is Sterling Bank still a bank in Nigeria? Note that the higher the risk the higher the profit and this may be a move to pull people towards them and sincerely nothing wrong with that strategy. You cannot be offering 11-13% that the funds backed by the big players are offering and expect to make headway...so 14% may not be really too good considering their situation. In the end, it is about sitting down to analyse the risks involved and personal preferences to decide... 100,000 invested in funds with 11,12,13 and 14% would earn you 11k, 12k, 13k and 14k respectively in a year 1,000,000 in the above order would yield 110k, 120k, 130k, 140k respectively in a year The more you have to invest the more the difference and the longer you invest in the fund, the more the percentages start to make more sense. 1 Like |
Re: Mutual Funds by ednut1(m): 3:20pm On Jan 10, 2015 |
edited |
Re: Mutual Funds by ednut1(m): 9:30pm On Jan 10, 2015 |
carpenter:it was der dis week. on their site. obviously a mistake from d IT guys or nt |
Re: Mutual Funds by ernie4life(m): 7:34am On Jan 11, 2015 |
ednut1: ednut1 please always post verifiable information, it's obvious you are here to do advert for stanbic ibtc, I won't discourage you but please don't accuse any company without proves |
Re: Mutual Funds by ednut1(m): 7:52am On Jan 11, 2015 |
ernie4life:not at all . dat was not my intention o. i hv friends there. it was an innocent error. lemme go nd edit post o |
Re: Mutual Funds by Fraih(f): 7:42pm On Jan 11, 2015 |
ednut1:Ednut |
Re: Mutual Funds by Yem0350: 9:45pm On Jan 11, 2015 |
The problem I av with FBN MMF is inability to divest frm d fund wit my PVC (I dnt av any of d 3 ID requested). Although, I used Voters card to subscribe. So far, they av b gud with consistent div payment, although, I choose re-investment of div. |
Re: Mutual Funds by carpenter(m): 10:29pm On Jan 11, 2015 |
Yem0350: That is so strange especially since you subscribed with that. If I were you, I would write them a strong worded email then visit their office for a showdown. If voters card is accepted for banking activities, I do not see why they would not accept it. |
Re: Mutual Funds by carpenter(m): 10:40pm On Jan 11, 2015 |
ednut1: Why dont you stop being a smartass and just apologise. Your intentions were very clear...if you knew it was a mistake (wondering if it was really there sef and not just something you dreamed happened), why did you mention it? Anyways, I am apologising on behalf of Oga Ednut1 |
Re: Mutual Funds by Yem0350: 10:40pm On Jan 11, 2015 |
carpenter:I av sent mails but they did not shift ground. Dat has prevented me frm doing additional subscription because there is tendency I nid funds. No time to visit dem for now but will surely do dat ONE DAY |
Re: Mutual Funds by carpenter(m): 10:43pm On Jan 11, 2015 |
Yem0350: I remember CBN sent a circular out to all banks and financial service operators to take PVC. Do you have an account with FirstBank by any chance? by the way, did you mean TVC or PVC...just for clarification? 1 Like |
Re: Mutual Funds by ps3o(m): 12:53am On Jan 12, 2015 |
huge principal, better dividends 1 Like |
Re: Mutual Funds by ednut1(m): 5:20am On Jan 12, 2015 |
carpenter:just did nt want to cause commotion o. jst call dem and say i noticed dis last week monday -Wednesday and say u guess it was a mistake. hear what dey will say case closed sir . nt taking anytin away from dem. they are really putting oda players on der toes |
Re: Mutual Funds by Yem0350: 9:02am On Jan 12, 2015 |
carpenter:PVC and I also have acct with d bank 1 Like |
Re: Mutual Funds by carpenter(m): 11:38am On Jan 12, 2015 |
Yem0350: Wow! that should not be a problem at all. They can always confirm your identity with their sister company. All da best sha. |
Re: Mutual Funds by opeyemmmy(m): 6:15pm On Jan 12, 2015 |
Re: Mutual Funds by ifyalways(f): 7:53am On Jan 14, 2015 |
Happy new year, house. May our capital power increase this year and our dividends come in as and when due. 1 Like |
Re: Mutual Funds by taiwoliu(m): 11:14am On Jan 14, 2015 |
@carpenter.... Welldone boss, more accuracy to ur accounting calculations. Lol. @ednut1... M sori to bore u wt questions, ls bear wt me as am a novice to investments and accounts. D annual profit of Mutual funds is calculated in what way? Is it by adding d daily earnings for 365 days or 12% of d total daily earnings for 365days? 1 Like |
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