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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1009885 Views)
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 ernie4life(m): 5:00am On Aug 14, 2015 |
misskenny: |
Re: Mutual Funds by carpenter(m): 6:45am On Aug 14, 2015 |
misskenny: In the 2 years you have been with them, they have paid dividend twice...FY13 was 10 naira per unit and FY14 was 11 naira per unit. Not sure what the price of each unit was when you bought into them... I would like you think you may have received dividends in the range of 15-20% over the 2 year period (7.5k - 10k) and some price appreciation. My advice, get in touch with them (info@fbncapital.com) and request for realtime access to your account then you can take it from there. 1 Like |
Re: Mutual Funds by misskenny(f): 7:55am On Aug 14, 2015 |
carpenter:thank u, i'll do just that. God bless u guys |
Re: Mutual Funds by carpenter(m): 7:07am On Aug 15, 2015 |
misskenny: You are welcome...Amin here is a factsheet for Heritage (July-2015) just released yesterday http://www.fbncapital.com/docs/default-source/fbn-heritage-fund-fact-sheets/fbn-heritage-fund-factsheet---jul-2015.pdf?sfvrsn=2 1 Like |
Re: Mutual Funds by eogservices: 10:50pm On Aug 15, 2015 |
Good one pls do keep it up everyone |
Re: Mutual Funds by praise010(m): 8:36am On Aug 16, 2015 |
Good morning house, Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years. Please an advice will be welcomed. I may further be reached via my mail as per my signature. Regards |
Re: Mutual Funds by macodollar: 10:27am On Aug 16, 2015 |
Wow, finally finished reading. Thanks to you all. I really learnt sooo much. 1 Like |
Re: Mutual Funds by ernie4life(m): 1:35pm On Aug 16, 2015 |
praise010: OK am going to show you the yield on some funds then you can choose, all of them are reliable. Let me start with FBN Prices and performance of funds as at 13 August 2015: The FBN Money Market Fund Bid Price: N100 Yield*: 13.35% The FBN Fixed Income Fund Bid Price: N1,087.20 Offer Price: N1,087.94 Yield^: 13.60% The FBN Heritage Fund Bid Price: N107.10 Offer Price: N107.63 Data updated daily. All yields are stated net of fees and expenses ¹ The fund manager is required to maintain a stable price (NAV) of ₦100.00 * Annualised yield ^ Annualised equivalent yield Check this link for more info http://www.fbncapital.com/asset-management/fund-prices |
Re: Mutual Funds by ernie4life(m): 1:41pm On Aug 16, 2015 |
praise010: Stanbic ibtc money market fund is also a good pick the average yield as at today is 13.01% http://www.stanbicibtcassetmanagement.com/?gclid=COa25vjOrccCFRQatAodOnsC4A&page_id=72&s_kwcid=AL!119!3!63804924986!b!!g!!%2Bfbn%20%2Bcapital&ef_id=VOSmewAAAJeeqv7l:20150816123629:s |
Re: Mutual Funds by ernie4life(m): 1:45pm On Aug 16, 2015 |
praise010: For ARM, there money market fund looks cool with a yield of 12.89% as at August 2015 http://www.arminvestmentcenter.com/individual-investors/products-and-services/price-history/ |
Re: Mutual Funds by ernie4life(m): 1:52pm On Aug 16, 2015 |
praise010: Investment one VGIF formerly KGIF offers 11% net of any amount invest with clause of you earning more 35% depending on the yield. The advantage of this over the rest is that the interest is gurranteed while the other funds a mentioned the rates are not gurranteed. http://investment-one.com/index.php/products/vgif That will be all for now, choose wisely |
Re: Mutual Funds by carpenter(m): 6:53am On Aug 18, 2015 |
praise010: There is no best option, luckily you can get into any of them with 500k. Select one that resonates with you more or you can decide to spread it around. All the best |
Re: Mutual Funds by ukay2: 7:24am On Aug 18, 2015 |
ernie4life: Please why is Investment One financial services Ltd not given me my e certificate of my VGIF investment after 1 month... Both my account officer and my mails to their customer care proved unsuccessful.. Can you help me get the e- certificate? |
Re: Mutual Funds by ukay2: 7:30am On Aug 18, 2015 |
praise010: From my experience, I will advise you to get Stanbic mutual fund....they are very customer friendly, responds to your requests on time and you can watch your funds grow daily through their online platform. Am enjoying them more than investment one... 1 Like |
Re: Mutual Funds by ernie4life(m): 9:38am On Aug 18, 2015 |
ukay2: when and where did you invest? have you tried sending a mail to customer care requesting for your statement (not certificate) ? if you haven't do that, if that doesn't work let me know |
Re: Mutual Funds by carpenter(m): 10:33am On Aug 18, 2015 |
ernie4life: Customer Service doesn't get better than this...your in-house superhero to the rescue |
Re: Mutual Funds by ukay2: 10:37am On Aug 18, 2015 |
ernie4life: I have sent several SMS to the customer care and my account officer to no avail until a minute ago, a customer care called me, informing me that some technical issues are delaying my getting my statement..... How can I change my account officer? Am not satisfied with him....name withheld....I will call him and send sms several times for enquiries, he has not even reply my mails nor call me.... Is very annoying. Someone in this thread complained bitterly about poor customer care of investment one financial services Ltd, I think I agree with him.. You guys have to SERIOUSLY IMPROVE ON YOUR CUSTOMER CARE. PLEASE DON'T REPORT ME IN YOUR OFFICE OOOOO Really Stanbic is my best for now. |
Re: Mutual Funds by ernie4life(m): 11:37am On Aug 18, 2015 |
ukay2: thanks for airing out how you feel about our services, be sure we are working to improve it, it's because of situations like this that we made sure every customer knows his/ account officer so that the account officer can help speed up on issues to help resolve it. sorry for any inconvenience 3 Likes |
Re: Mutual Funds by taiwoliu(m): 11:41am On Aug 18, 2015 |
ukay2:very funny somebody.... My own acct officer been gud ooo, maybe na NCOs its a 'she'. I called to rake for her 1 day lyk dt, but d moment she said HELLO, my heart just melt. ![]() But on a serious note, CC as been fair to me |
Re: Mutual Funds by purpose08: 11:43pm On Aug 18, 2015 |
hello i have read a large part of this thread everybody seem to be talking about money that can be made. i want to know if you can loose money with mutual funds! i'm new to the whole thing i'm looking to invest with FBN MMF They are offering 13.8% currently could someone explain to me what could happen if i choose to invest 5,000 there how much do i get as dividend? and how much could i loose say it didn't work well. can i loose all 5,000? thanks |
Re: Mutual Funds by kennedy67(m): 3:53am On Aug 19, 2015 |
Cool |
Re: Mutual Funds by Daveuy2011: 6:18am On Aug 19, 2015 |
ifyalways: CHECK OUT THIS COMPANY AND INVEST IN APPS, IT PAYS 30% OUT FOR 12 MONTHS TOTAL!! IN 3.5MONTHS YOUR CAPITAL IS OUT AND THE PAY YOU COMMISSION TO REFER PEOPLE, CAN YOU BEAT THAT? Hi guys, Let me show you how to invest in a company that develops apps. There are three ways to come in. And they all pay guaranteed earnings for as much as €450 monthly. Now imagine having 10 of such investments, thats a whopping €4,500.00 guaranteed amount for the 10 accounts monthly. Exciting? But that's not all If you decide to make the investments and refer people into it, you make more money. But if you decide to just invest your Money at a guaranteed earning for 12 months, you are good to go as well. Like I said there are three levels of investments so you have 3 choices to come in and Invest. You can make €33, €140 and €450 investing at different levels. Everything can be monitored online and you can get paid through Payoneer.Com once you register with them by opening an account. Payoneer.Com open account in dollars by default but immediately you register proceed to chat with an official to open the Euro account before your Debit Cards are shipped out. Business has never been made easier. This is not a scam but an opportunity to invest and cash out as you wish by investing. Your ability to invest is how you will come out smiling. I can assure you that in Europe and Asia people are already cashing out and now they have reached the shores of Africa. Risky? Well the only risk here is you make nothing by investing nothing, a trial will convince you. If you have cash sitting in the bank doing nothing, here is your chance. As I am writing this, I am number 2 in Africa that has branched out from Europe, Asia, Brazil & USA. I am looking for committed "crazy" and "mad" investors with ingenuity to form a team and let's take Africa by storm, especially guys who know what it means to be pioneers in a system that works. If you are in Abuja let us meet in person or call me on 0909 292 7173 or email Daveuny2011@gmail.Com . Only serious investors please, if you are not ready do not bother, thanks for understanding. We can meet in person (Abuja) and we'll show you how it works. Cheers David |
Re: Mutual Funds by ernie4life(m): 7:29am On Aug 19, 2015 |
purpose08: permit me to say you won't loose a penny, mutual funds are well regulated by SEC, secondly FBN is a name with fundamentals in the financial sector so you have nothing to loose. the rates are even more fantastic than Tbills in most cases. mutual funds with majority of its asset classes in the money market has a relatively stable interest rate. Have no fear. 2 Likes |
Re: Mutual Funds by taiwoliu(m): 10:03am On Aug 19, 2015 |
purpose08:in addition to what Ernie said, d gains u'll c in a few months myt not look impressive, but if u ignore it and focus on d safety of ur capital, it's a worthy investment 1 Like |
Re: Mutual Funds by carpenter(m): 1:30pm On Aug 19, 2015 |
purpose08: All these pple with 5,000 naira (movie tickets and popcoorn for two) that want you to do calculations sef... ![]() I think what you have done is about right, no matter how small your money is, you should do proper risk assessment and ask when in doubt (try not to overthink it though). The rate (13.8%) changes from time to time, it could be 14%, it could 12%. However, it has not been lower than 10% in 3 years to my knowledge... The rates are yearly rates but calculated on a daily basis but that does not mean you will get 13.8% every day or month. There is a calculation to convert those rates but lets not bother ourselves with that. Let us make a fair assumption that over the course of a year, the average yield for FBN MMF is 12%. It means you make 12% on your 5,000 in a year, or approx. 1% on your 5,000 every month and you can take it futher by saying you make approx. 0.033% per day if they use 30 days in a month or 0.022% per day if considering a 22 working days in a month. Consequently, in a year you make 600 naira profit, a month you mke 50 naira (it is painful to go further on 5,000naira) but am sure you get the gist. Yes, you can lose all if the Stock Exchange, Bonds market and the Federal Government collapses or the world ends. That seems fair I believe...lol. The company is backed up by FBN Holdings and regulated by SEC as mentioned by Ernie and they invest is bonds, equities and other securities so unless there is a catastrophy you are safe as far as loosing all is concerned...Can you lose some, possible but unlikely. If the above seems complicated, scratch that...here is a summary 1. On your 5,000 you make about 50 naira every month 2. Your capital is secure, low risk of losing it 3. Start now and do not over think it I bill my clients per hour and your bill for the above is 10,000 naira ![]() 6 Likes 1 Share |
Re: Mutual Funds by purpose08: 1:47pm On Aug 19, 2015 |
carpenter: okay i think i get a clearer picture now if i'll be investing i definately won't invest just 5k i just thought 5k will make it easy to explain. you said it unlikely i loose a part of it my principal. i just wanna know how much "UNLIKELY" that is. if you don't mind you could use yourself as an example have you ever lost a part of your principal to MMF if Yes about how many percentage of your principal did you loose. thanks so much carpenter for your time and about your 10,000naira i'll put it in a MMF for your lol |
Re: Mutual Funds by carpenter(m): 2:12pm On Aug 19, 2015 |
purpose08: I have not lost a single kobo...infact i have gained an average of 12.5% per year. However, investments are never risk free. I give you an example...we sleep to regain lost energy for work or play the next day, so you could say sleeping is an investment for the next day. Can we sleep and not wake up...yeap, that's the risk of sleeping. Another example is spending thousands or millions in education...so we can get a job in future that pays above average. I leave you with this http://www.agusto.com/rating.php?id=104 ...Agusto and Co is rating company and this is what they have to say. 2 Likes |
Re: Mutual Funds by yak(m): 9:46pm On Aug 19, 2015 |
it marvels me d volume of info guys give out here free of charge. am highly impressed. I dnt know y I paid schl fee in univ for 4+ yrs, I for invest dat money in Nairaland 7 Likes |
Re: Mutual Funds by ukay2: 9:54pm On Aug 19, 2015 |
yak: Lol I have learnt a lot more than what I learnt in school especially in investment thread. As a medical doctor, most of my bankers friends are not well informed the way am informed through info from investment forum in nairaland. Many thanks to all those that put in their effort in educating us . 5 Likes |
Re: Mutual Funds by Ty207: 8:26am On Aug 20, 2015 |
Mutual funds is like fixed deposit account..you can lost your interest due to some reason but you can never lost your capital. |
Re: Mutual Funds by carpenter(m): 8:55am On Aug 20, 2015 |
IMO it has to do with interests...some people don't enjoy the number game even though they read courses related to managing numbers or work in an industry that requires dealing with numbers. Also, be ready to be involved in a discussion where you say something and a banker says something contrary and everyone thinks due to the nature of his job, he must be right. Information is key and the more the give out; the more you get...call it positive reinforcements ukay2: |
Re: Mutual Funds by ukay2: 9:54am On Aug 20, 2015 |
carpenter: @ Oga Carpenter and other gurus, please do you have 4th quarter calender(September-December 2015) calender for Nigerian Treasury Bills. Any link? I couldn't see it in CBN website. I need it urgently. Thanks. |
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