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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1009223 Views)
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... 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: 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: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: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:ernie4life |
Re: Mutual Funds by awesomeJ(m): 10:41pm On May 19, 2018 |
ernie4life: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: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: 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: Customer care should be of help here |
Re: Mutual Funds by brainhack(m): 2:53am On May 21, 2018 |
mBillz: |
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: 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: 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: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 was actually waiting for this ![]() 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: 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:thank you Sir. I shall Let him do as he pleases. |
Re: Mutual Funds by Harddiskng(m): 9:50pm On May 21, 2018 |
awesomeJ: 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 ![]() 1 Like |
Re: Mutual Funds by awesomeJ(m): 10:02pm On May 21, 2018 |
Harddiskng: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 ![]() A company like StanbicIBTC should be ashamed of such. |
Re: Mutual Funds by dotcomnamename: 10:20pm On May 21, 2018 |
Harddiskng: 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: 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 ![]() I am in my right to come here to rant about it, hoping they would see it and improve. Customer is King ![]() |
Re: Mutual Funds by yak(m): 11:36pm On May 21, 2018 |
RealityShot: 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: 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: |
Re: Mutual Funds by CallmeX: 7:57am On May 22, 2018 |
ernie4life: How do I invest in the stock market please? 1 Like |
Re: Mutual Funds by yak(m): 8:06am On May 22, 2018 |
ernie4life: 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 |
Re: Mutual Funds by ernie4life(m): 8:46am On May 22, 2018 |
CallmeX: 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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