Mutual Funds - Investment (81)

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Mutual Funds - Investment (81) - Nairaland

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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 eezeribe(m): 5:34pm On May 18, 2018

od4life:

Lol!!

Lol... But not only that of SIBTC,all the other MMF's and treasury bills are all searching for oil Wells in the 'Niger Delta'

1 Like

Re: Mutual Funds by ernie4life(m): 2:47pm On May 19, 2018

If you understand the mechanism on which rates are determined then you will be happy that rates are going down because it's good for our economy.

Does anyone know the performance of bond funds?
If we know maybe we could compare it with mmf, fixed income fund and equity funds to know if it's a better alternative

Re: Mutual Funds by smartideas170: 4:02pm On May 19, 2018

101 PLACES TO BORROW MONEY IN NIGERIA

One of the challenges of business men and
women, traders or investors is
FINANCE or CAPITAL.
No matter how little the capital you need to
start up may look at, if you dont have it or
cant get it, certainly you can not start
the business.
There are so many Ways a smart investor
can use to raise capital or finance
for their businesses, they are
1. Personal savings
2. Family and friends
3. Cooperative
4. Micro finance
5. Angel investors
6. Loan

1. Personal savings: This is usually the first
step, as an investor or a trader or an entreprenuer
you should have something in your account or a token
to start with, majority of business men and women
will need XYZ amount for their businesses and want
to raise all from loans or other sources, you need
#1m for your business and you want to raise all from
micro finance bank,commercial bank or finance houses
that is the beginning of failure, even micro finance
banks will surely request for equity contribution
which they see as your commitment to the process,
safe certain percentage of your income or salary.

2. Family and friends: this is another smart way
an investor can use to raise caiptal for his or
her business.The truth of the matter is that
"No one trust you better than or knows you
better than your friends". But sourcing capital
or finance for your business from family and
friends requires a lot of INTEGRITY.
You must good INTEGRITY or GOODWILL or REPUTATION
before them.
Also, in using this window or option, please note
Dont meet one person, spread your options. eg
If you need #500,000 capital, #50k from ten (10)
family and friends will give you #500k, dont focus
on one person because it may be too huge or big for
one person to give you #500k.

I will continue from next time.

For 101 places to borrow money from in Nigeria with or without collateral visit
http://businessandfunding..com.ng/

For more information, call
Sam
08033702558

Re: Mutual Funds by eezeribe(m): 7:39pm On May 19, 2018

ernie4life:
If you understand the mechanism on which rates are determined then you will be happy that rates are going down because it's good for our economy.

Does anyone know the performance of bond funds?
If we know maybe we could compare it with mmf, fixed income fund and equity funds to know if it's a better alternative

You are not the only one who understands the mechanisms by which interest rates are determined...

1 Like

Re: Mutual Funds by awesomeJ(m): 9:27pm On May 19, 2018

freeman67:
I am considering this investment one Vintage dollar fund after enough stress to open a dorm... However, afraid is catching me because of the recent Naira and Renminbi currency swap deal between Central Bank of Nigeria and People's Bank of China. I do not what the future holds... No clear picture of how it may affect the NGN/USB exchange rate in the nearest future.

Positively for the naira.

Reserves will hit 50bn before the end of this quarter,

Oil seems to have found comfort above $70 now, and output levels are great.

Dangote refinery will have a positive effect of about $500m monthly both in forex savings and earnings.

In the short to medium term (say 5 years) the naira is more likely to exchange for the dollar at below 300 than at above 400. At least that's what I pray to God, and I know He'll answer.

1 Like

Re: Mutual Funds by awesomeJ(m): 9:49pm On May 19, 2018

eezeribe:

Lol... But not only that of SIBTC,all the other MMF's and treasury bills are all searching for oil Wells in the 'Niger Delta'

Personally, I'd yet praise the efforts of these fund managers.
it's not so easy to keep yields above 364day T-bills yields which was 11.98% at the last PMA.

On bonds, I think their yields are currently mostly in the 12-13% range. There are however corporate bonds on the FMDQ OTC with yields currently in the 17-19% range. I'd like for you to enlighten us more about how we can trade bond instruments on the FMDQ'S OTC exchange.

2 Likes

Re: Mutual Funds by RealityShot: 9:57pm On May 19, 2018

awesomeJ:

Personally, I'd yet praise the efforts of these fund managers.
it's not so easy to keep yields above 364day T-bills yields which was 11.98% at the last PMA.

On bonds, I think their yields are currently mostly in the 12-13% range. There are however corporate bonds on the FMDQ OTC with yields currently in the 17-19% range. I'd like for you to enlighten us more about how we can trade bond instruments on the FMDQ'S OTC exchange.

ernie4life

Re: Mutual Funds by awesomeJ(m): 10:41pm On May 19, 2018

ernie4life:
If you understand the mechanism on which rates are determined then you will be happy that rates are going down because it's good for our economy.

Does anyone know the performance of bond funds?
If we know maybe we could compare it with mmf, fixed income fund and equity funds to know if it's a better alternative

Thanks Reality shot.
This is the post I meant to quote in my previous post.

Ernie4life. How do we access the secondary market for corporate bonds. What's the threshold?
Do Individual members (Affiliates) have access to trade on the FMDQ floor?

1 Like

Re: Mutual Funds by gsalvatore: 10:56pm On May 19, 2018

ernie4life:
List of dollar based funds in Nigeria.

FBN Nigeria Eurobond (USD) Fund - Institutional
FBN Nigeria Eurobond (USD) Fund - Retail
Stanbic IBTC Dollar Fund (USD)
Investment One is going to do an IPO of there dollar fund called Vantage Dollar fund(VDF) by next week Monday 23 April.

MMF rates as posted on fman.com.ng as at 16th April

AXA Mansard Money Market Fund 14.33%
FBN Money Market Fund 14.21%
Abacus Money Market Fund 14.35%
Stanbic IBTC Money Market Fund 14.19%
ARM Money Market Fund N/A

Note: For some days now ARM has not posted any rate Fman.com.ng
If you check the rates you will find out they are almost the same with very little difference.

Please Sir, Is StanbicIBTC Dollar Fund similar to The StanbicIBTC MMF ON RISK LEVEL? And is the difference being that one is Funded with Dollar whereas the other is funded with Naira. Is there a fund that works like MMF but operates with dollar?

Re: Mutual Funds by ernie4life(m): 11:14pm On May 19, 2018

gsalvatore:
Please Sir, Is StanbicIBTC Dollar Fund similar to The StanbicIBTC MMF ON RISK LEVEL? And is the difference being that one is Funded with Dollar whereas the other is funded with Naira. Is there a fund that works like MMF but operates with dollar?

MMF is money market fund while most dollar funds are invested into euro bonds.

I think the risk level for dollar funds are higher than our normal naira money market fund..

But to understand the risk better you need to know where the funds are invested into

Re: Mutual Funds by CallmeX: 5:05pm On May 20, 2018

Ugosample:
Pls for those people who use the Stanbic platform

How do I get my secret answer

I was asked for it when I wanted to make a redemption

Someone in the house pls help me

Customer care should be of help here

Re: Mutual Funds by brainhack(m): 2:53am On May 21, 2018

mBillz:
Top Mutual Funds in Nigeria this year so far

3rd Best Performing Fund
====================================
Name of Fund – Stanbic IBTC Aggressive Fund
Who are the Fund Managers – Stanbic IBTC Asset Management
Type of Fund – Equity-Based Fund
NAV Increase – 12.6%

2nd Best Performing Fund
====================================
Name of Fund – EDC Fixed Income Fund
Who are the Fund Managers – EDC Fund Management Ltd
Type of Fund – Fixed Income Based Fund
NAV Increase – 12.8%

Best Performing Fund
====================================
Name of Fund – Meristem Equity Market Fund
Who are the Fund Managers – Meristem Wealth Management Ltd
Type of Fund – Equity-Based Fund
NAV Increase – 17.4%

https://nairametrics.com/top-5-mutual-funds-in-nigeria-as-at-march-29-2018/

Re: Mutual Funds by Harddiskng(m): 6:24pm On May 21, 2018

Is it just me or StanbicIBTC Money Market services are getting more deplorable by the day. This is second time in a row online redemption took beyond 3 business days and it was credited after spending several annoying minutes talking to customer-care.

I’m no longer going to add to this account (Of course i go still dey monitor am closely; in the past months i have noticed some “funny” activities on it).

House, please give me recommendations for a new Money Market account; I am thinking between One Investment, FBN & EDC fixed Income Fund. Any other suggestion is also welcome.

2 Likes

Re: Mutual Funds by Kzdguru: 7:14pm On May 21, 2018

Harddiskng:
Is it just me or StanbicIBTC Money Market services are getting more deplorable by the day. This is second time in a row online redemption took beyond 3 business days and it was credited after spending several annoying minutes talking to customer-care.

I’m no longer going to add to this account (Of course i go still dey monitor am closely; in the past months i have noticed some “funny” activities on it).

House, please give me recommendations for a new Money Market account; I am thinking between One Investment, FBN & EDC fixed Income Fund. Any other suggestion is also welcome.

Have had two redemption from investment one or is it Axa mansard, both made before 10am and credited by 8pm same day. I learnt that redemption made after 12pm will be credited the next day.
Cheers.

4 Likes

Re: Mutual Funds by Harddiskng(m): 7:34pm On May 21, 2018

Kzdguru:

Have had two redemption from investment one or is it Axa mansard, both made before 10am and credited by 8pm same day. I learnt that redemption made after 12pm will be credited the next day.
Cheers.

Just checked-out out Axa Mansard, looks transparent and promising.

Can someone who is familiar with them, please provide clarification on their “Annual Management fee”. I haven’t noticed such with StanbicIBTC, I won’t be surprised if its a hidden charge.

If money market trends and interest rates obtainable in the market go south, 1.5% Annual Management fee can be alot oo.

Re: Mutual Funds by RealityShot: 8:52pm On May 21, 2018

Harddiskng:
Is it just me or StanbicIBTC Money Market services are getting more deplorable by the day. This is second time in a row online redemption took beyond 3 business days and it was credited after spending several annoying minutes talking to customer-care.

I’m no longer going to add to this account (Of course i go still dey monitor am closely; in the past months i have noticed some “funny” activities on it).

House, please give me recommendations for a new Money Market account; I am thinking between One Investment, FBN & EDC fixed Income Fund. Any other suggestion is also welcome.

I don't like to be rude, but: did you actually read any of the terms and conditions for sIMMFund?

It states clearly there that redemption is within 5 working days after WHICH you can then lay a complaint.

So why all these write ups about waiting 3days only?

Everything is working greatly on my account.
When I see a funny looking thing I call my account officer.. He clears it immediately.

I even transferred directly to the fund account last month and called him, he updated my account the next day.

I did online ATM card funding last week.. It went immediately and updated next day.

Stanbic MMF is very much OK.

PVC ACTIVATED
#anyBodyButBuhari

4 Likes 1 Share

Re: Mutual Funds by Harddiskng(m): 9:22pm On May 21, 2018

RealityShot:
I don't like to be rude, but: did you actually read any of the terms and conditions for sIMMFund?

It states clearly there that redemption is within 5 working days after WHICH you can then lay a complaint.

So why all these write ups about waiting 3days only?

Everything is working greatly on my account.
When I see a funny looking thing I call my account officer.. He clears it immediately.

I even transferred directly to the fund account last month and called him, he updated my account the next day.

I did online ATM card funding last week.. It went immediately and updated next day.

Stanbic MMF is very much OK.

PVC ACTIVATED
#BuhariItIs

I was actually waiting for this grin

if you are a staff, please fix-up your services.

Thank God for your ability to read, oya come lets read it together. (See screenshot).

5 days is for Paper redemption, you can call their customer service to verify. If you are a staff, I am sure you know this already.

NB: Have a strong inbuilt bullshit detector. Never mistake an excuse with an explanation

1 Like

Re: Mutual Funds by awesomeJ(m): 9:31pm On May 21, 2018

Harddiskng:

I was actually waiting for this are you a staff, please fix-up your services.

Thank God for the ability to read, oya come lets read it together. (See screenshots).

5 days is for Paper redemption, you can call their customer service for verification. If you are staff, I am guessing you know this already.

NB: Never mistake an excuse with an explanation.

Bros, if you had been here long enough, you would know that Realityshot is only giving his appraisal a customer and not a staff.

Meanwhile the statement you highlighted in that snapshot doesn't say "online redemption gets processed within 3 days"
rather what it says is If you request to have access to online redemption, that request (to make your funds redeemable online) is processed within 3 days.

Meanwhile all my redemption requests have never exceeded 40hours.

1 Like

Re: Mutual Funds by RealityShot: 9:41pm On May 21, 2018

awesomeJ:

Bros, if you had been here long enough, you would know that Realityshot is only giving his appraisal a customer and not a staff.

Meanwhile the statement you highlighted in that snapshot doesn't say "online redemption gets processed within 3 days"
rather what it says is If you request to have access to online redemption, that request (to make your funds redeemable online) is processed within 3 days.

Meanwhile all my redemption requests have never exceeded 40hours.

thank you Sir.
I shall Let him do as he pleases.

Re: Mutual Funds by Harddiskng(m): 9:50pm On May 21, 2018

awesomeJ:

Bros, if you had been here long enough, you would know that Realityshot is only giving his appraisal a customer and not a staff.

Meanwhile the statement you highlighted in that snapshot doesn't say "online redemption gets processed within 3 days"
rather what it says is If you request to have access to online redemption, that request (to make your funds redeemable online) is processed within 3 days.

Meanwhile all my redemption requests have never exceeded 40hours.

I actually had to call their customer care to clarify, I still stand by my assertion “Paper redemption- 5 business days. Online redemption - 3 business days.”

If you seek clarification from them and they dispute this fact, I would rest my case with a proper apology, clear my money and look for somewhere with a promise of speedy & efficient service and also advise all my folks to do the same. I can still remember the name of the customer care staff that provided me with this information.

I have no vested interest apart from that of a customer, if something is not working right. It should voiced it out, so it can be fixed. When others are improving on their timelines, should they be any different tongue

1 Like

Re: Mutual Funds by awesomeJ(m): 10:02pm On May 21, 2018

Harddiskng:

I actually had to call their customer care to clarify, I still stand by my assertion “Paper redemption- 5 business days. Online redemption - 3 business days.”

If you seek clarification from them and they dispute this fact, I would rest my case with a proper apology, clear my money and look for somewhere with a promise of speedy & efficient service and also advise all my folks to do the same. I can still remember the name of the customer care staff that provided me with this information.

I have no vested interest apart from that of a customer, if something is not working right. It should voiced it out, so it can be fixed. When others are improving on their timelines, should they be any different

Certainly.

Re: Mutual Funds by Harddiskng(m): 10:14pm On May 21, 2018

5 business days in 2018 lol; alot can happen in 5 business days that can change the world sef, talk about having a low standard for the fear of failure undecided

A company like StanbicIBTC should be ashamed of such.

Re: Mutual Funds by dotcomnamename: 10:20pm On May 21, 2018

Harddiskng:

I actually had to call their customer care to clarify, I still stand by my assertion “Paper redemption- 5 business days. Online redemption - 3 business days.”

If you seek clarification from them and they dispute this fact, I would rest my case with a proper apology, clear my money and look for somewhere with a promise of speedy & efficient service and also advise all my folks to do the same. I can still remember the name of the customer care staff that provided me with this information.

I have no vested interest apart from that of a customer, if something is not working right. It should voiced it out, so it can be fixed. When others are improving on their timelines, should they be any different

You are 100% wrong. The 3 days is the processing time for a request to have ACCESS to online redemption.

Re: Mutual Funds by Harddiskng(m): 10:41pm On May 21, 2018

dotcomnamename:

You are 100% wrong. The 3 days is the processing time for a request to have ACCESS to online redemption.

Okay Sir. Me sef I already know my english is not the best in the world. Thats why I placed a call and I was told that if I use the StanbicIBTC App/Login via a computer; It would be processed in 3 business days.

I won’t lie, all was normal till my last two redemption. It was the unnecessarily long waiting time to lay my complaints to a customer care agent that even ticked me off angry

I am in my right to come here to rant about it, hoping they would see it and improve. Customer is King grin

Re: Mutual Funds by yak(m): 11:36pm On May 21, 2018

RealityShot:
I don't like to be rude, but: did you actually read any of the terms and conditions for sIMMFund?

It states clearly there that redemption is within 5 working days after WHICH you can then lay a complaint.

So why all these write ups about waiting 3days only?

Everything is working greatly on my account.
When I see a funny looking thing I call my account officer.. He clears it immediately.

I even transferred directly to the fund account last month and called him, he updated my account the next day.

I did online ATM card funding last week.. It went immediately and updated next day.

Stanbic MMF is very much OK.

PVC ACTIVATED
#anyBodyButBuhari

I disagree with ur hashtag. we can't do the mistake of 2015 again

1 Like

Re: Mutual Funds by CallmeX: 7:31am On May 22, 2018

carpenter:

Oga 13% is good o! Do you have an idea what some people have suffered in the stock market? -25% to -50% is not too strange...if you can avearge 8% profit on the stock market, you are seen as a mini god. I hate to think I am investing my money with a company that is not customer centric though...so maybe they might have some work to do there.

Back to you, you have a lot of work to do also...you have invested money...now you need to know what your money is doing and from your statement above, you are doing badly at that. Ernie rings that in regualary here...infact i think another name for KGIF is MPR

Going forward, send them a nice email about the challenges you have with their requirements, they might be able to offer you a way out of the wahala. Hard copies of E-dividends seems too old skool though.

What does MPR mean?

Re: Mutual Funds by CallmeX: 7:45am On May 22, 2018

What effect does bid price have on my investment portfolio?

ernie4life:

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 CallmeX: 7:57am On May 22, 2018

ernie4life:

I agree with you, for the past 6months I split my investment between mutual funds and stock, for stocks I buy stocks with names/fundamental, although am putting more in stocks than mutual funds (personal reasons though) but am happy cos i know very soon I will be smiling to the bank, "after rain comes sunshine" the bears will not stay forever

How do I invest in the stock market please?

1 Like

Re: Mutual Funds by yak(m): 8:06am On May 22, 2018

ernie4life:

I agree with you, for the past 6months I split my investment between mutual funds and stock, for stocks I buy stocks with names/fundamental, although am putting more in stocks than mutual funds (personal reasons though) but am happy cos i know very soon I will be smiling to the bank, "after rain comes sunshine" the bears will not stay forever

oga Ernie, can u schl those of us that want to start with the stock for starters

1 Like

Re: Mutual Funds by ernie4life(m): 8:10am On May 22, 2018

yak:

oga Ernie, can u schl those of us that want to start with the stock for starters

CallmeX:

How do I invest in the stock market please?

Ok but not here, this a mutual fund thread,

send me a Pm

Re: Mutual Funds by ernie4life(m): 8:46am On May 22, 2018

CallmeX:
What effect does bid price have on my investment portfolio?

I will try to keep is simple,

Bid price is the price a buyer is willing to pay for a product or fund

while offer price is the price the seller is willing to sell at.

Bid price is always lower than the offer price of the same commodity/fund and the difference is often called the spread.

1 Like 1 Share

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