jaychubi:


3 month above 3500naira
6 months above 7000 naira

@ 14% per annum

Thank you Sir.

But it's kinda too small.

I believe Fixed deposit with N100k will give me about 2% which is 2k a month. (pátápátá 1,500 after tax)
Isn't it better to put it in Fixed Deposit?
Please advise.

sammydirectly:


Thank you Sir.

But it's kinda too small.

I believe Fixed deposit with N100k will give me about 2% which is 2k a month. (pátápátá 1,500 after tax)
Isn't it better to put it in Fixed Deposit?
Please advise.

FD at that rate will give you 166 naira monthly

Fiyinfoluwa20:
Dear All,

Please, I am invested in the StanbicIBTC Equity Funds, largely weighted on the performance of blue chip stocks on the NSE(c.60 percent). Earlier this year, I recorded about c.12% growth over capital invested. However, I didn’t make any withdrawals at that point. Surprisingly, in February alone, all my gains have been eroded, and I have a meagre 2-6% over capital invested. The question is:

1. Is it possible to always make withdrawals of all my gains when it is in the region of 8-10%

- If yes, how do I go about this ?

StanbicIBTC Nigeria Equity Fund is about the most volatile Fund in StanbicIBTC Mutual Funds due to the volatile nature of NSE. At the beginning of the year, NSE was bullish that's why you saw that high gains but now it seem mix of both . I am not sure there is guaranteed on your capital with this fund; meaning if the if the equity market goes down more it may not only erode your gains but may also eat into your capital. The minimum holding period without penalty is 90days. Try and mail them directly or visit them if you have the for a concrete explanation.

rationalmind:


FD at that rate will give you 166 naira monthly

How is that?

sammydirectly:


How is that?

Rates quoted are annual. So if a fixed deposit rate is 2%, it's means you get 2% annually, then divide by 12 to get your monthly interest.

haibe:


Rates quoted are annual. So if a fixed deposit rate is 2%, it's means you get 2% annually, then divide by 12 to get your monthly interest.

Many thanks

sammydirectly:


Many thanks

FD is an insult and assault to investors dignity . Jejeli go for MF or TB the best for now.

freeman67:


StanbicIBTC Nigeria Equity Fund is about the most volatile Fund in StanbicIBTC Mutual Funds due to the volatile nature of NSE. At the beginning of the year, NSE was bullish that's why you saw that high gains but now it seem mix of both . I am not sure there is guaranteed on your capital with this fund; meaning if the if the equity market goes down more it may not only erode your gains but may also eat into your capital. The minimum holding period without penalty is 90days. Try and mail them directly or visit them if you have the for a concrete explanation.

There is no guarantee on the capital.
If he has held for up to 90 days, he'd be able to redeem without penalty. Otherwise, there'd be a 2% penal charge for early withdrawal. It may still be a great deal though, considering that you've already made about 10% in just a few days, so the 2% may be okay to pay. plus it's 2% of the amount to be redeemed. So if you're redeeming just a quarter of your holdings, the charge reduces to just 0.5% of your portfolio versus the 10% you have made.

People should know that even if the NSE closes with no loss/gain in its index, the very day you buy an equity fund, there'll already be a reduction in your capital, because there's a spread between the bid and offer prices that the fund quotes.

However, Just like it is, with every equity-based investment, if your timing is right, you could make a fortune in a really short while.

sammydirectly:


Thank you Sir.

But it's kinda too small.

I believe Fixed deposit with N100k will give me about 2% which is 2k a month. (pátápátá 1,500 after tax)
Isn't it better to put it in Fixed Deposit?
Please advise.

Mutual fund is better

I started stanbic ibtc bank MMF, want to know if i wont lose capital at anytime.. i want to be adding to d money online small, small and don't want to lose all my savings to that.

People are thinking of how to make money, this one is thinking of how to get followers on Instagram.

cybertek:
I started stanbic ibtc bank MMF, want to know if i wont lose capital at anytime.. i want to be adding to d money online small, small and don't want to lose all my savings to that.

It's almost impossible to lose money when you invest in the money market. Returns are moderate, but your principal is always guaranteed.

You should also employ compound interest to accelerate your movement. Great decision you're taking sir.

awesomeJ:

It's almost impossible to lose money when you invest in the money market. Returns are moderate, but your principal is always guaranteed.

You should also employ compound interest to accelerate your movement. Great decision you're taking sir.

Ive always assumed the interest is compounded by default. Isn't that the case?

rationalmind:


Ive always assumed the interest is compounded by default. Isn't that the case?

Yes, so it is with Stanbic MMF.
But I was talking about all the investments he may plan having in the money market- T-bills and commercial papers inclusive.

cybertek:
I started stanbic ibtc bank MMF, want to know if i wont lose capital at anytime.. i want to be adding to d money online small, small and don't want to lose all my savings to that.

PLS DO YOU KNOW STANBIC MUTUAL FUNDS CURRENT RATE

dammy222:
PLS DO YOU KNOW STANBIC MUTUAL FUNDS CURRENT RATE

14.92

rationalmind:


14.92

THANK YOU .CAN YOU TELL ME MORE ABOUT IT? IS IT SAFE TO INVEST IN IT?

awesomeJ:

It's almost impossible to lose money when you invest in the money market. Returns are moderate, but your principal is always guaranteed.

You should also employ compound interest to accelerate your movement. Great decision you're taking sir.

thanks alot.

Abeg i be science student pls explain the "compound interest" part

Hello house, thumbs up for a great and informative thread. I will like someone to compare the stanbic MM to AXAMansard MM as regards the interest. Can the interest be compounded on daily basis?

Did you find that golden opportunity? I am interested....lol.....

sabanageorge:
You guys are still making the error of doing simple interest for MMF. That ~18% compounds monthly. If your 8m yields 120k this month, by next month you'll be doing 18% of 8.12m which is 121k. So there's a slight increase of 1k over two months at 18%. The interesting thing about MMF is the compounded interest which can get really high over several years.

Anyways, there's need for more investment opportunities. The rate from MMF is still pretty low and may not be inflation proof. I'm really looking at other investment opportunities. When I think of the fact that 2000usd on Bitcoins in 2010 will be over 500m usd today, I just get mad . I want to spot that new golden opportunity still in its baby stage today.

RalphVwede:

Went to the bank, the lady actually typed a wrong address. It has been corrected. I am trying to do my password reset but nothing. I am not receiving any link in my mail. How do I go about this?

oh.. Good!
has this been resolved? Sorry i've been offline

Please house, I have mf in fbnquest but the customer relation in ibadan is unfriendly and I don't want to increase my fund with them, which will you recommend BTW stanbic and axamansard customer relations wise and how can I locate mansard in ibadan

RealityShot:
oh.. Good!
has this been resolved? Sorry i've been offline

It has not been resolved. Went to the bank again to explain the whole thing, I was asked my mobile number, then they confirmed my name and promised I will get a mail or sms containing the details. Till now, no mail/sms.

RealityShot:
oh.. Good!
has this been resolved? Sorry i've been offline

It has not been resolved. Went to the bank again to explain the whole thing, I was asked my mobile number, then they confirmed my name and promised I will get a mail or sms containing the details. Till now, no mail/sms

sabanageorge:



Yes, capital is guaranteed. But here's why I got out at a loss:

Firstly, in order to transfer dollars to the fund of about $5k, you will pay almost 30k (~80dollars) NGN in fees. Then when your 5k dollars gets to first bank, not all the whole 5k will get there. Maybe 4.8k or 4.9 is what will get there. Then interest rate is only about 6%, not the regular ~15% you get with money market. So, if you get about 6% off $5k in one year, that's like 25dollars in a month. Let's round it up to 40$, let's just say the rate is better. That's not even up to the fees you paid in transferring the money. You see?
Then First Bank was not sending me regular updates on my investment. In addition there was no portal to view my balance like with money market (Stanbic, ARM, etc). That pretty much put paid to it for me, cos I didn't even know how much I was earning per month. So I decided to end it. Then they deducted fees off the little interest they had paid in the intervening months. Finally when they send the dollars to your account, charges are applied to your money before it lands in your domiciliary account. In the end, I think the whole 5k dollars reduced to about 4.5k. It was just a horrible experience for me.

In my estimation, it's better to do the standard money market, get your interests and convert it to dollars, then walk to the bank and deposit the dollars over the counter. That's the strategy I plan to apply now.

Thanks for the explanation. Sorry about your experience. On the bank charges, my thinking is whatever fund or bond am interested in, I will simply open a Dom account with that same bank, convert Naira to dollars and deposit into the Dom account, so as to avoid bank charges as much as possible. Interest or withdrawal of the funds also get credited into the Dom acc. I am interested in it as a store of value i.e long time compounding investment etc. But will think more deeply about it now, given your experience. Thanks again

Solace5:
Please house, I have mf in fbnquest but the customer relation in ibadan is unfriendly and I don't want to increase my fund with them, which will you recommend BTW stanbic and axamansard customer relations wise and how can I locate mansard in ibadan

Axa mansard is still the best

FYI you don't need to locate AXA Mansard branch to get yourself set up. I did everything electronically and got my account up and running within 2 to 3 days. Customer support has been great and they also have a better rate presently.

Solace5:
Please house, I have mf in fbnquest but the customer relation in ibadan is unfriendly and I don't want to increase my fund with them, which will you recommend BTW stanbic and axamansard customer relations wise and how can I locate mansard in ibadan

jaychubi:


I have been there for a month now but my money is depreciating that is I am losing.

I might quit it soon, I no get dt kind patience

You know balanced fund is a long term instrument. You will usually see a depreciation in first months before an appreciation. You need to eave it in for at east 5 years for good profits.

Hi all, a friend is trying to register mutual funds with Stanbic on their app. But on putting her BVN details, there is only a slot for ten digits instead of eleven. Has anyone encountered this?

[quote author=megacontrol post=65436223]FYI you don't need to locate AXA Mansard branch to get yourself set up. I did everything electronically and got my account up and running within 2 to 3 days. Customer support has been great and they also have a better rate presently.

please how did you go about it electronically