gurus pls help out.

I invested 10000 into arm mutual funds back then in 2010 while I was in my 1st year as an undergraduate.


fast forward to 2015 I decided to have my money back.

lo nd behold! just 12000 was paid to me.. dah means only 2000 accrued as interests over 5years.

is this normal?

tho I lik thr response. my money was paid within jst 3 workin days.

kaze4blues:
gurus pls help out.

I invested 10000 into arm mutual funds back then in 2010 while I was in my 1st year as an undergraduate.


fast forward to 2015 I decided to have my money back.

lo nd behold! just 12000 was paid to me.. dah means only 2000 accrued as interests over 5years.

is this normal?

tho I lik thr response. my money was paid within jst 3 workin days.

we need more details, like what mutual fund did you invest into? with this we can calculate the expected yield per year

if they paid you 12000 over 5years period it means the yield was 20% over the years which is kind of poor but then we have first of all know which fund you invested into


ARM has lots of funds, so which one did you invest into?

money market rates as at Friday, StanbicIBTC MMF-13.35%, ARM MMF-13.39%, FBN MMF-13.70%
Source: Their websites

ernie4life:


we need more details, like what mutual fund did you invest into? with this we can calculate the expected yield per year

if they paid you 12000 over 5years period it means the yield was 20% over the years which is kind of poor but then we have first of all know which fund you invested into


ARM has lots of funds, so which one did you invest into?

Exactly.

If I remember, there were years they were also in the negative region on some funds.

Perfectly normal iF you ask me...and way better than if it was in a savings account.

bro I would like to invest 700k into Fbn mmf @ d rate of 13percent for one year, what will be my interest

Moses247:
bro I would like to invest 700k into Fbn mmf @ d rate of 13percent for one year, what will be my interest

91k

Here are the 5 best performing mutual funds in Nigeria, so far in 2015



This year has frequently seen politico-economic events dominating investor mood both in Nigeria and globally . Starting with fall in crude oil prices, and the subsequent devaluation the Naira to the delay by the Buhari led government to fashion out a fiscal policy for Nigeria coupled with lack of ministerial appointments. At the global level, the sudden devaluation of the Yuan by China and the Greek debt debacle, all put INVESTORS on edge. All those factors and more have connived against the markets leading to massive sale offs by and panics among investors. Meanwhile, apprehensions has heightened among mutual fund investors following the suspension of BGL Asset managers and the attendant arrest and investigation by the authorities.

Regrettably but expectedly, benchmarks have often hit new lows this year and year-to-date gains have been erased almost irretrievably. The NSE Allshare Index and the NSE 30 Index are down 14.35% and 15.05% as at August 31 (so far this year). The Banking and Consumer Index are down 14.68% and 19.07% respectively year to date (August 31) while the Industrial Index seems to be the only Index holding its own by being up 2.73%.

The NSE Oil and Gas Index is down 7.64%, no thanks to the global oil market volatility, not even the Lotus Halal Islamic Index could put a smile on the faces of Sharia compliant INVESTORS as the Index has also gone down by 9.06% YTD by August 31.

Looking at mutual FUNDS, the latest figures from the Security and Exchange Commission suggest that the nation’s mutual funds 'combined assets increased 19.3% on a YTD basis to N209.8 billion in August, from the N175.8 billion it opened the year with. For mutual fund INVESTORS, light could still be found at the end of the tunnel by looking for not only the best performing funds but also fund that are consistent in their performance.

For INVESTORS keen to find out the best performing funds so far this year, there 4 of funds that stand out based on the fact that those 4 have never lost money this year.

5 Best Performing Funds So Far in 2015

Here are the 4 funds that have caught our eyes as the best performing funds because of their performance consistency as well as the fact that they never made a loss this year.

Stanbic IBTC Absolute Fund : The Fund seeks to provide liquidity whilst maintaining low to medium volatility of return over the long term. This Fund currently invests 96.56% of its assets in money market instruments and 3.44% in cash according to the latest monthly FUND MANAGER Investment Schedule released by the Security and Exchange Commission for the month of July, 2015, The fund is aimed at investors with low risk appetite.


The fund has returned 8.86% year to date and boasts of a 1-year return of 13.31% and 6-month return of 6.8% according to analysis by Quantitative FINANCIAL Analytics. The Stanbic IBTC Absolute Fund has not lost money this year. The last and only time the fund recorded a loss was in June 2013, (we started tracking this fund from 2013). The fund has an expense ratio of 0.46% according to the expense ratio information released by the SEC. The Stanbic IBTC Absolute fund is a low volatility fund with annualized standard deviation of 1.7 and high reward and low risk profile. According to analysis by Quantitative Financial Analytics, the fund has an inception to date risk of 0.61 and reward of 6.67.


UBA Money Market Fund : This Fund seeks to provide security of capital, liquidity and high competitive returns for its investors. It currently invests 99.91% of its assets in money market instruments and .09% in cash, according to the latest monthly Fund Manager Investment Schedule released by the Security and Exchange Commission for the month of July, 2015.

The fund has returned 8.07% year to date and boasts of 1-year return of 11.% and 6-month return of 6.43% based on analysis by Quantitative Financial Analytics. The UBA Money Market Fund has not lost money this year. The fund has an expense ratio of 0.63% according to the expense ratio information released by the SEC. Though the fund invests in money market instruments, its volatility seems high as it has annualized standard deviation of 13. According to analysis by Quantitative Financial Analytics, the fund has an inception to date risk of 3.94 and reward of 6.77 which puts it in the medium risk quadrant of the risk profile chart.

FBN Fixed Income Fund : The Fund seeks to preserve and maximize return on capital while maintaining a high degree of liquidity by investing in a diversified portfolio of long tenured debt securities and short-term, high quality money market securities issued in Nigeria. The Fund currently invests 50.08% of its assets in Fixed Income instruments and 49.53% in Money Market securities, and 0.39% in cash, according to the latest monthly Fund Manager Investment Schedule released by the Security and Exchange Commission for the month of July, 2015.


This fund has returned 8.33% year to date and boasts 1-year return of 4.98% and 6-month return of 6.66%. The FBN Fixed Income Fund has not lost money this year. The Fund pays dividend every year and the last dividend of N89.94 per share was paid in April 2015.

The fund is a medium volatility fund with annualized standard deviation of 10.19 and low reward and low risk profile. According to analysis by Quantitative Financial Analytics, the fund has an inception to date risk of 1.32 and reward of 1.78.

Nig International Debt Fund : NIDF offers investors safety, capital preservation, steady returns, diversification and value. The Fund currently invests 77.48% of its assets in Fixed Income instruments, 17.83% in Money Market securities, and 4.68% in cash, according to the latest monthly Fund Manager Investment Schedule released by the Security and Exchange Commission for the month of July, 2015. The fund has returned 9.06% year to date and boasts 1-year return of 11.55% and 6-month return of 7.69%. The Nig International Debt Fund has not lost money this year. This Fund has a consistent dividend history and the last dividend of N38.21 per share was paid in June 2015. The fund is a low volatility fund with annualized standard deviation of 5.51 and low reward and low risk profile. Analysis by Quantitative Financial Analytics shows that the fund has an inception to date risk of 1.37 and reward of 3.77.

SFS Fixed Income Fund :

This Fund currently invests 18.54% of its assets in Fixed Income instruments and 80.53% in Money Market securities, and 0.93% in cash, according to the latest monthly Fund Manager Investment Schedule released by the Security and Exchange Commission for the month of July, 2015. The fund has returned 7.37% year to date and boasts 1-year return of 15.47% and 6-month return of 5.42%. The SFS Fixed Income Fund has not lost money this year and has not lost money since inception in 2014. The fund is a low volatility fund with annualized standard deviation of 3.18 and low reward and low risk profile. Analysts at Quantitative Financial Analytics have indicated that the fund has an inception to date risk of 1.75 and reward of 3.19.

Common Features

One may be quick to ask what makes those funds tick and why and how do they weather the storms in the market. There are a few things common among those funds. With the exception of UBA Money Market Fund, the rest of the funds are fixed income funds. In addition, much of their assets are invested in money market instruments. This shows that with volatility in equity markets, fixed income focused funds are better positioned to make gains. Another thing that analysts at Quantitative Financial uncovered is that all those funds have low correlation with the NSE Allshare Index. While Stanbic IBTC Absolute fund and UBA Money Market Fund have a negative 0.04 correlation with the NSE Allshare Index, SFS correlation coefficient is -.20 while Nigeria International Debt Fund has a correlation coefficient of -.0 6 leaving FBN Fixed Income as the only fund, among the best 5 that has a positive correlation to the market with a correlation coefficient of .23. The implication of the negative correlation is that the performance of those funds moves in the opposite direction with that of the Allshare Index. This finding possesses a potent guide and tool to those seeking to diversify their portfolios and maximize their returns.

i want you people to know one thing Mutual fund is more than a scam in Nigeria. I have invested in almost all Mutual fund in Nigeria none has ever return more than 1.5% has dividend. has for NIGFUND, i haven't heard any thing from them since the past five years.
i pity Nigerians

All these funds self!!

where do they invest all this their monies that gives these very tiny and meagre returns??

I have been investing in FGN Bonds and Treasuries bills since jan and have never gotten any yield lower than 12%. Infact from my checks the average yield I have is 13.22% and that is only becos I leave some funds on call in the banks for some days before I invest some times...

even doing fixed deposits beats these returns!!

anyway Mutual Funds is for lazy investors and as such they should get lazy returns!!

feelamong:
All these funds self!!

where do they invest all this their monies that gives these very tiny and meagre returns??

I have been investing in FGN Bonds and Treasuries bills since jan and have never gotten any yield lower than 12%. Infact from my checks the average yield I have is 13.22% and that is only becos I leave some funds on call in the banks for some days before I invest some times...

even doing fixed deposits beats these returns!!

anyway Mutual Funds is for lazy investors and as such they should get lazy returns!!

Oga feelamong how can you say fixed deposit beats mutual funds!!! Please tell me the bank/ investment house that can fix 50k at 12% for 6months?

Truth be told if you have huge funds then you could go for something higher like bonds or Tbills but yet again some funds are tenured for 3months and the yield are better than Tbills which may be less than 10%

Redoil:
i want you people to know one thing Mutual fund is more than a scam in Nigeria. I have invested in almost all Mutual fund in Nigeria none has ever return more than 1.5% has dividend. has for NIGFUND, i haven't heard any thing from them since the past five years.
i pity Nigerians

I accept you've had an ugly experience in mutual funds but that does not mean the likes of FBN MMF, stanbic mmf and Co have not performed more than 10% over the years, mutual fund is no scam, it just that most people don't understand the fact that just like every other investments you need to understand it properly before you pick the one to invest in.

Take for example kgif paid me 13% for first and second quarter of this year, that's a nice ROI if you ask me, and it's guaranteed so I simply invest and go to bed because am assured of my investment.

In my opinion I will suggest you play safe next time

ernie4life:



Oga feelamong how can you say fixed deposit beats mutual funds!!! Please tell me the bank/ investment house that can fix 50k at 12% for 6months?

Truth be told if you have huge funds then you could go for something higher like bonds or Tbills but yet again some funds are tenured for 3months and the yield are better than Tbills which may be less than 10%




I accept you've had an ugly experience in mutual funds but that does not mean the likes of FBN MMF, stanbic mmf and Co have not performed more than 10% over the years, mutual fund is no scam, it just that most people don't understand the fact that just like every other investments you need to understand it properly before you pick the one to invest in.

Take for example kgif paid me 13% for first and second quarter of this year, that's a nice ROI if you ask me, and it's guaranteed so I simply invest and go to bed because am assured of my investment.

In my opinion I will suggest you play safe next time

Hello! just to clarify, is KIGF now VGIF by Investment One?

Redoil:
i want you people to know one thing Mutual fund is more than a scam in Nigeria. I have invested in almost all Mutual fund in Nigeria none has ever return more than 1.5% has dividend. has for NIGFUND, i haven't heard any thing from them since the past five years.
i pity Nigerians

Redoil,

Apparently, you are an uninformed investor. Tell us the mutual funds you have invested in and we will help to break it down for you (you dont even need to play music, i will bring my own singles to do some break dancing).

feelamong:
All these funds self!!

where do they invest all this their monies that gives these very tiny and meagre returns??

I have been investing in FGN Bonds and Treasuries bills since jan and have never gotten any yield lower than 12%. Infact from my checks the average yield I have is 13.22% and that is only becos I leave some funds on call in the banks for some days before I invest some times...

even doing fixed deposits beats these returns!!

anyway Mutual Funds is for lazy investors and as such they should get lazy returns!!

At first, I thought let him be then I remembered why I started contributing to this thread, "to learn and to pass across information" especially to those who would want to know... Mutual Funds is not for lazy people, but I can tell you that lazy people are the ones that will not see the benefit in it. If you do your risk assessment seriously you would see what I mean. By all means different people subscribe to different avenues of investing their money due to certain preferences...

I will leave you with the link below to read, learn and check your facts. Feel free to come back here and do some more learning.

http://www.fbncapital.com/asset-management/fund-prices

Maybe when you are interested you can visit the sites of other fund managers and do some reading before you write next time.

By the way, I invest a portion of my money in stocks, bonds, REITs and mutual funds so I have been around and still around.

carpenter:


Redoil,

Apparently, you are an uninformed investor. Tell us the mutual funds you have invested in and we will help to break it down for you (you dont even need to play music, i will bring my own singles to do some break dancing).

clown i like ur style

ernie4life:



Oga feelamong how can you say fixed deposit beats mutual funds!!! Please tell me the bank/ investment house that can fix 50k at 12% for 6months?

Truth be told if you have huge funds then you could go for something higher like bonds or Tbills but yet again some funds are tenured for 3months and the yield are better than Tbills which may be less than 10%




I accept you've had an ugly experience in mutual funds but that does not mean the likes of FBN MMF, stanbic mmf and Co have not performed more than 10% over the years, mutual fund is no scam, it just that most people don't understand the fact that just like every other investments you need to understand it properly before you pick the one to invest in.

Take for example kgif paid me 13% for first and second quarter of this year, that's a nice ROI if you ask me, and it's guaranteed so I simply invest and go to bed because am assured of my investment.

In my opinion I will suggest you play safe next time

I will repeat this anywhere!! Mutual funds is for lazy investor!!

I can go to many banks now and get 12% on my N1M deposit.....it only takes me going to branches or seeking out account officers that have targets to meet!

If KGIF is 13% guaranteed then its no more like your usual mutual fund! I will always seek for better returns on my loose money and that is why I spend time reading on investments and also talking to bankers all the time.

why would anyone invest his hard earned money in a fund that will be earning him 6 - 8 % p.a

Redoil:
i want you people to know one thing Mutual fund is more than a scam in Nigeria. I have invested in almost all Mutual fund in Nigeria none has ever return more than 1.5% has dividend. has for NIGFUND, i haven't heard any thing from them since the past five years.
i pity Nigerians

Oga NIGFUND is now Investment one Fund!

just go there and get your meagre return on your investment there...

feelamong:


Oga NIGFUND is now Investment one Fund!

just go there and get your meagre return on your investment there...

long time no see. As for me nigfund is a deal gone bad

feelamong:


I will repeat this anywhere!! Mutual funds is for lazy investor!!

I can go to many banks now and get 12% on my N1M deposit.....it only takes me going to branches or seeking out account officers that have targets to meet!

If KGIF is 13% guaranteed then its no more like your usual mutual fund! I will always seek for better returns on my loose money and that is why I spend time reading on investments and also talking to bankers all the time.

why would anyone invest his hard earned money in a fund that will be earning him 6 - 8 % p.a

hmmmmm.....i feel like spanking you

You have refused to learn

greetings everyone, Pls i intend to invest 100thousand on Fbn mutual funds for one year, how much go be my interest lets say @d rate of 13percent?? n secondly hope i can Increase my investment anytime^

Moses247:
greetings everyone, Pls i intend to invest 100thousand on Fbn mutual funds for one year, how much go be my interest lets say @d rate of 13percent?? n secondly hope i can Increase my investment anytime^

at the rate of 13% your interest will be 13k

[quote author=ernie4life post=38113195]

at the rate of 13% your interest will be 13k[/quo


Of which the 13k interst is not paid upfront like NTB....

That's why I don't really like mutual funds..

[quote author=ukay2 post=38115032][/quote]

You are quite right about that. That is a deal breaker for some pple.

I seek solace in the simplicity of being able to manage a mutual fund (Online, you see the money grow...day by day) without having to contact anyone except when I need to make a withdrawal (i hear some funds now have online withdrawal forms sef), no penalties for withdrawing once the holding period has been exceeded and for some funds, you can get your money in 24hrs as Oga Ednut mentioned.

carpenter:


You are quite right about that. That is a deal breaker for some pple.

I seek solace in the simplicity of being able to manage a mutual fund (Online, you see the money grow...day by day) without having to contact anyone except when I need to make a withdrawal (i hear some funds now have online withdrawal forms sef), no penalties for withdrawing once the holding period has been exceeded and for some funds, you can get your money in 24hrs as Oga Ednut mentioned.

Yes...Stanbic IBTC Bank MMF is online for all services.... Deposit and withdrawal

pls Is Mutual Funds risks free like T.b?? e.g if anything goes wrong maybe in the future hope my capital is guaranteed

Moses247:
pls Is Mutual Funds risks free like T.b?? e.g if anything goes wrong maybe in the future hope my capital is guaranteed

It is not fully risk free. If its a guaranteed return then you only face the risk of the fund company going bust!

na waooo i don de fear oo..lol how about fixed deposit is it risk free??

Moses247:
na waooo i don de fear oo..lol how about fixed deposit is it risk free??

wetin dey fear you?

if you do fixed deposit and the bank goes bust nko?

anyway NDIC insures your deposit in banks to the tune of 200k

why i nor go fear when na d only money i get for now@700k, if anything goes wrong while investing it hmmmm make i nor come die of heart attack
..lol which is why am takin my time to know which investment is d best n also risks free?? beside for d past four years i dont think mutual funds like dat of fbn has failed?

Moses247:
why i nor go fear when na d only money i get for now@700k, if anything goes wrong while investing it hmmmm make i nor come die of heart attack
..lol which is why am takin my time to know which investment is d best n also risks free?? beside for d past four years i dont think mutual funds like dat of fbn has failed?

since you dey fear like this.. just carry ur money go buy Treasury Bills or FGN bonds....

those ones are tied to the sovereignty of Nigeria... but keep praying for Naija sha!

Hi everyone.. wonderful work here, God bless u all. Please permit me to digress a little. There is this investment company that gives 10% ROI monthly. I was very skeptical at first so i decided to try them with a small amount (100k) and they have been paying my 10k monthly for 6 months now with a promise that my capital is available whenever i need within 1 week notice. They are not registered with the regulatory institutions except corporate affairs. Now i'm considering increasing to 500k my question is pls is it safe ?. What are your opinions on this kind of company? Do u pple have any experiences wit this. thank u pls respond