Moses247:
Greetings to the house. pls some one should help me calculate this. If i invest the sum of 600k at the rate of 7percent in 3months...how much go be my interest??

carpenter:


Bros you mean Bearish?

omoteamac:
I need suggestion for an investment plan with guaranteed principal and interest.. Anybody please?

ernie4life:


How much are you looking at and for how long?
Investment -one VGIF guarantees both interest and capital plus a host of other investments,

omoteamac:
about 500k sir and for 1year

rinrin23:


Can this trend you mentioned of looking past the current market conditions and investing more now apply to mutual funds? O r is it just with stock market that you can buy low and sell high to make a killing

ernie4life:


yea Vgif can GUARANTEE you both interest and capital

ernie4life:


Well it depends on the kind of mutual fund, at the introductory part of this thread I made mention of [b]Growth Funds [/b]there per unit price increases if the fund grown and it also reduces if the opposite happens. But most of the funds we have been discussing are money market funds so it’s different.

Naijainvestor:


People have been emphasizing money market funds but bond funds are raking in huge returns. Last year all the bond funds returned a minimum of 10.76% the highest being 15.49%, check out my blog on the top performing mutual funds in 2015 posted on mutual funds nigeria dot com for the complete list
Those bond funds did better than money market funds
Though past performance does not ensure future performance but it can help you choose

NittaJ:


So how do you interprete the data displayed on the mutual funds section? I am a 'novice' as per what they mean. Thanks

Coolcash1:


Check my profile for my email title the subject Mutual Funds with your moniker and I will revert.

Hhansome:


Dont know how dis works but i hav sent u mail severally which till now i havnt seen ur response.

LastMumu:
The shikini 300K wey I put for FBN MMF since January just dey crawl like snail. I should have invested that money into keke napep business or something.

LastMumu:
The shikini 300K wey I put for FBN MMF since January just dey crawl like snail. I should have invested that money into keke napep business or something.

Bobbyunitedfc:


SAME WITH MY OWN SMALL MONEY WITH AXA MANSARD O.....IF I KNOW I FOR JUST USE AM BUY LAND FOR IFO OR ATAN

oluwarantimi:


Lol at the both of you. You guys are looking for money doublers abi

Abeg I need my money to double quick quick in at least one quarter.
I'm marrying Nkechi in July and her 3m Naira bride price never complete.

LastMumu:
Abeg I need my money to double quick quick in at least one quarter.
I'm marrying Nkechi in July and her 3m Naira bride price never complete.

taiwoliu:
OYO is your name if you want to use gains from mutual fund pay bride price.. .. .. Lol

But then again, MF is not independent of economic direction.

wizdonnel:
Is it possible to invest 1million Naira In Investment One VGIF for 3 years and obtain a personal loan of 1million naira from GTBANK or First Bank that will be spread for 36months, with the mutual fund as collateral.

carpenter:


Abi my brother.

By the way, I have moved 80% of my money out of Mutual Funds into poultry farming, investing in a friend's business.

Am excited about the risk and rewards, investing in Nigerian Businesses...I guess this is the reason they crashed the rates. Let me play ball then see how it goes

carpenter:


It will not be a wise decision as the cost of the loan will out weigh the profits you get.

hypothetically, I think you won't get the loan of 1m (if you want less, yes) because you would be owing the bank more than 1m and if you default, they may get all their principal back but not the interest. Still not a good move

Thanks a lot @ carpenter...I hope to plug the loan into agro business; fish farming and plantation plantation & vegetatables from which I am projecting @ least 70% profit in 12months...But the real question is; do banks accept mutual funds as collateral for loans

carpenter:


It will not be a wise decision as the cost of the loan will out weigh the profits you get.

hypothetically, I think you won't get the loan of 1m (if you want less, yes) because you would be owing the bank more than 1m and if you default, they may get all their principal back but not the interest. Still not a good move

wizdonnel:


Thanks a lot @ carpenter...I hope to plug the loan into agro business; fish farming,plantain plantation & vegetatables from which I am projecting @ least 70% profit in 12months...But the real question is; do banks accept mutual funds as collateral for loans?

carpenter:


I would rather you ask questions here so we can all learn from it but not a problem to give you a number. I personally do not qualify to give investment advice as I would only tell you how I would do it, that's the risk I take.

You can PM me if it is of a personal nature.

Ups01:


I would have loved to pm you but the mail i used for this nairaland acct has been blocked.

But please i would appreciate if you can please send your digits to me Lekeope @ gmail (.) com


And to the matter...

FBN customer service is lame, its difficult getting across to them
Could you please help with a contact?

What's the difference between

FBN HERITAGE & FBN Fixed income fund.

Thanks in anticipation

@Ernie4life you are not left out, please say something.

ernie4life:


FBN Fixed Income Fund
Invested in fixed income securities such as bonds and treasury bills

FBN Heritage Fund
Invests in equities, bonds and treasury bills

The difference in both are their asset classes

fixed income has a lower risk than the heritage because part of the funds in heritage are invested in equities

carpenter can tell you the rest

Ups01:


Thanks Boss!
from february fact sheet of Fixed income fund it yielded 10.6% but while going through the fact sheet of that of Heritage fund i could not find yield.

is there something am missing?

Also, @Carpenter

carpenter:


I think they would, I say "I think" because am not a banker and cannot say for sure. Money in a Mutual Fund like Money Market Fund is like money in a savings account but for some Mutual Funds constituted by stocks, they maybe treated like stocks. I know banks used to accept stocks as collateral and may still be doing so as long as the worth is way below what you are asking for. For example, if you need 1m and had 5m worth of Mutual Funds as collateral, its a no brainer that the bank will borrow you since that is about 20% of the worth of the Funds. Am sure they have their calculations and ways of assessment. Any banker here will be able to say for sure...

Again, don't mind me... am sure you got the point in my earlier message but will say it again with figures this time.

Bank loans are what you obtain when you have no other alternatives and you are banking on your investments doing better than the interests you pay. At the moment bank loans are in double digits (ranging from 17% to 32% depending on what you are borrowing for) source:http://nigeria.deposits.org/

No Mutual Fund does any thing close to 10% at the moment. However, there are always exceptions to the rule...if the money you have in your Mutual Fund is your emergency fund then keep it there, you will however not be able to use it during an emergency and the banks will now have some control over it.