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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1009299 Views)
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Re: Mutual Funds by jaychubi: 11:47am On Feb 28, 2018 |
anori: i see |
Re: Mutual Funds by RealityShot: 2:58pm On Feb 28, 2018 |
RalphVwede:they do have to use your correct phone and email.. just wait a bit and see.. not much else we can do right now. but can you log in with the default password? |
Re: Mutual Funds by RalphVwede(m): 6:18pm On Feb 28, 2018 |
RealityShot:I've been patient. What's the default password? P. S: I didn't start anything on the app, I opened and started the fund at the bank. No login details till now except the first password (connected to the wrong email address) that I received. |
Re: Mutual Funds by megacontrol(m): 5:30am On Mar 01, 2018 |
@Solace5 Go to their website Click the "contact us" tab Copy email address,send them an inquiry email and they will respond with registration forms OR just locate the registration page on the site and create your account yourself then you can upload all doc - ID, passport photograph, utility bill etc they'll confirm and activate your account then you can transfer money into your AXA MMF account via the account number they'll provide for you. i never stepped into their office or bank and got all these done in a few days [quote author=Solace5 post=65438805][/quote] 1 Like |
Re: Mutual Funds by MrHighSea: 8:29am On Mar 01, 2018 |
May I'll run Stanbic Ibtc mmf and these Axamansard mmf guys simultaneously. |
Re: Mutual Funds by Nobody: 8:37am On Mar 01, 2018 |
MrHighSea: Mansard_16.07 and Stanbic_14.92 as of this morning/yesterday If I were you, I'll pull my funds together and invest in just one of them. |
Re: Mutual Funds by ernie4life(m): 9:38am On Mar 01, 2018 |
rationalmind: Mansard rates look good at 16.07% but the question we are yet to ask is if its net or gross, because if its gross and there charges is 1.5% that means the effective rate is 14.57% so can anybody confirm if its gross or net. 2 Likes |
Re: Mutual Funds by ImperialCovfefe: 10:01am On Mar 01, 2018 |
ernie4life: All these yields displayed on FMAN are gross-of-fees. Do you have data about the expense ratios of the various MMFs? I think they all cluster around 1.5-2%. Hence, you can make a fair comparison from the gross rates. |
Re: Mutual Funds by Solace5: 1:29pm On Mar 01, 2018 |
[color=#006600][/color][quote author=megacontrol post=65458808]@Solace5 Go to their website Click the "contact us" tab Copy email address,send them an inquiry email and they will respond with registration forms OR just locate the registration page on the site and create your account yourself then you can upload all doc - ID, passport photograph, utility bill etc they'll confirm and activate your account then you can transfer money into your AXA MMF account via the account number they'll provide for you. i never stepped into their office or bank and got all these done in a few days Thanks megacontrol, I'll do just that. |
Re: Mutual Funds by RealityShot: 4:38pm On Mar 01, 2018 |
RalphVwede: any good up dates today? perhaps you can write to customer care.. |
Re: Mutual Funds by ernie4life(m): 5:42pm On Mar 01, 2018 |
ImperialCovfefe:Not all are gross |
Re: Mutual Funds by megacontrol(m): 6:29pm On Mar 01, 2018 |
How to confirm that? And comparing Stanbic vs AXA at current rates stated previously, is either of them quoting net rates? ernie4life: rationalmind: |
Re: Mutual Funds by Kemade2007(f): 4:29pm On Mar 02, 2018 |
ernie4life: Got this from stanbic
|
Re: Mutual Funds by RalphVwede(m): 6:54pm On Mar 02, 2018 |
RealityShot:No update. I'll need to take out time to go and sit down with the lady at the bank on Monday till it's done. This is almost a month now. It all stems from her mistake. |
Re: Mutual Funds by dadebayo1(m): 7:51pm On Mar 02, 2018 |
RalphVwede: Good thing about it is that your fund is already growing with them and you will receive value for the one month spent waiting for the details... Investment starts counting from the day you deposit the fund.. |
Re: Mutual Funds by ernie4life(m): 8:33pm On Mar 02, 2018 |
Kemade2007:Nice that's stanbic, can we also confirm with other houses to be sure theirs also net 2 Likes |
Re: Mutual Funds by RalphVwede(m): 6:38pm On Mar 03, 2018 |
dadebayo1:Yes and that's why I'm a bit calm. Although I should be able to view my funds. As it is right now, I can't even withdraw or increase my investment. Thank you for your time and concern. |
Re: Mutual Funds by Nobody: 2:28pm On Mar 04, 2018 |
ernie4life: Mansard is also net of fees, just confirmed. Cc: Megacontrol |
Re: Mutual Funds by Kemade2007(f): 7:51pm On Mar 04, 2018 |
Re: Mutual Funds by megacontrol(m): 6:20am On Mar 05, 2018 |
Re: Mutual Funds by RalphVwede(m): 9:54am On Mar 05, 2018 |
RealityShot:It has been resolved. Thank you very much. 1 Like |
Re: Mutual Funds by Redbishop(m): 10:27pm On Mar 05, 2018 |
good evening house,please i want to know if the dividend(percent)is annual or monthly?i.e i invested 100k in stanbic,will i get 15k(15percent)at the end of the month or at the end of the year?thanks |
Re: Mutual Funds by cybertek(m): 11:41pm On Mar 05, 2018 |
Redbishop: Year |
Re: Mutual Funds by dadebayo1(m): 6:26am On Mar 06, 2018 |
Redbishop: At the end of the year... But the money is credited daily based on calculation. |
Re: Mutual Funds by freeman67: 6:45am On Mar 06, 2018 |
Redbishop: Note : interest rate is not constant; it fluctuates. If its MMF your interest is credited daily except weekend where you will have to wait for it to be credited on Monday morning. |
Re: Mutual Funds by edisoncash: 3:28pm On Mar 06, 2018 |
Please house how does the compound interest work on mmf with stabic ibtc bank |
Re: Mutual Funds by belcom10(m): 5:26pm On Mar 06, 2018 |
i want to invest in stanbic money market, how can i go about it |
Re: Mutual Funds by MacShiff: 6:08pm On Mar 06, 2018 |
belcom10: Download the Stanbic ibtc mobile App from your App store, follow the steps and sign up. |
Re: Mutual Funds by ernie4life(m): 8:32am On Mar 07, 2018 |
To open any account with Investment One kindly use the link below https://www.investment-one.com/new-account/?ref=0000616410 |
Re: Mutual Funds by anori: 10:47am On Mar 07, 2018 |
It works like normal compound interest. Nothing special. edisoncash: |
Re: Mutual Funds by Me4bas: 5:04pm On Mar 07, 2018 |
Good evening, pls I need clarification. You said interest are credited daily. If it's 15% for example, does that mean 15% of the amount I invested is credited daily or what? freeman67: |
Re: Mutual Funds by prestige2013: 6:01pm On Mar 07, 2018 |
Me4bas:Nope 15% 15 divided by (100* 365) multiply by ur Principal 15/(100*365) * ur Amt = Daily profit 2 Likes 1 Share |
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