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Re: Mutual Funds by Redeemed(f): 7:52am On Aug 18, 2018 |
Hello house. Please what is the current interest rate of Stanbic MMF? I just want to be sure because i have an account with them and it seems the interest rate has dropped from 12%. |
Re: Mutual Funds by jujutom(m): 9:06am On Aug 18, 2018 |
Redeemed: 11.41% as at today 18th Aug 2018 |
Re: Mutual Funds by Redeemed(f): 11:15am On Aug 18, 2018 |
Re: Mutual Funds by ojoh002(m): 12:18pm On Aug 18, 2018 |
Who can answer this? brainhack: |
Re: Mutual Funds by mizGene(f): 5:46pm On Aug 18, 2018 |
Hi guys, pls what exactly is Stanbic's mgt fee for MMF? |
Re: Mutual Funds by grosy: 9:55pm On Aug 18, 2018 |
pls I need answer if I invest 1000000 million wit stabic ibtc money market what is my interest? for 1yr thank |
Re: Mutual Funds by fabulous2000(m): 10:39pm On Aug 18, 2018 |
grosy:this ur imaginary million.... it's not even pronouncable... lol.. 6 Likes |
Re: Mutual Funds by alezzy13: 5:10am On Aug 19, 2018 |
yak: |
Re: Mutual Funds by chimex38: 9:43am On Aug 19, 2018 |
eezeribe:Plssir, send to chimex.roland@gmail.com.. I appreciate your good works so far.. |
Re: Mutual Funds by chimex38: 9:58am On Aug 19, 2018 |
ronnyboo:They do have their rates online na.. https://fbnquest.com/asset-management/fund-prices-and-performance/?nav= Modified : u guys were talking ant online redemption not online rates.. I grab the just now.. Don't mind the post |
Re: Mutual Funds by RAY12345(m): 7:21pm On Aug 19, 2018 |
beyolah: |
Re: Mutual Funds by Nobody: 7:30pm On Aug 19, 2018 |
fabulous2000:One million million 2 Likes
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Re: Mutual Funds by brainhack(m): 11:47pm On Aug 19, 2018 |
mizGene: I have had Stanbic’s MMF for over 5years and I haven’t seen any deduction in my account (well apart from withdrawals i made myself). It is logical that they offer MM instruments to us at a rate lesser than they get them. I stand to be corrected, I don’t think account management fee is charged to any account afterwards because the rates publicized are already net of management fees. 2 Likes |
Re: Mutual Funds by brainhack(m): 12:00am On Aug 20, 2018 |
ojoh002: When someone or a group of people are being evasive about an aspect of the thing under consideration, it is a “gaint-big” red flag for me. I even tried reaching out to Axa-mansard people regarding their MMF’s “management fee” and still did not get any answer. If the 1.25% is chargeable on the whole account (Principal + Interest) thats a big WAWU. It makes their rates significantly less attractive compared to that of their competitors; so goodluck to them. Anyway I have decided pitch my tent with FBN. I should be able to complete all the necessary this coming week. |
Re: Mutual Funds by Nobody: 9:17am On Aug 20, 2018 |
I thought Stanbic mmf people here claimed the top up will reflect within 48 hours HOw can I top up since 17th of August and up till this moment it’s not reflecting Or it’s because of weekend? |
Re: Mutual Funds by ronnyboo(m): 12:26pm On Aug 20, 2018 |
4601CE: Yes it's cos of the weekend. It will most likely reflect at the close of today's market 1 Like |
Re: Mutual Funds by civilserva: 4:28pm On Aug 20, 2018 |
I noticed fewer interest in ARM MM even though being among the oldest investment company, is there any reported issue them? i want nto know as i have account with them |
Re: Mutual Funds by Nobody: 8:27pm On Aug 20, 2018 |
brainhack: This has been ironed out before now. The rates quoted are net of charges |
Re: Mutual Funds by AbbyE: 8:45pm On Aug 20, 2018 |
brainhack: We have answered this question a lot of times , rates are net of charges. |
Re: Mutual Funds by yemisolar(m): 9:46pm On Aug 20, 2018 |
Any of you guys considered Renmoney? Their rate is about 14%for 1m and above. |
Re: Mutual Funds by brainhack(m): 11:20pm On Aug 20, 2018 |
rationalmind: AbbyE: Yes, everyone’s rate seems to be net of charges but I don’t want to assume that Axa-mansard’s “Annual Management fee” has already been charged to the rate publicized and such wont be chargable to your account at any point in time. I wouldn’t also advise anybody to go ahead under an assumption except you are confirming this as their staff or someone that got firsthand information from them or someone that have had MMF account with Axa-mansard for over a year and they have never charged you Annual management fee. So please just for clarity, which of the above category do you fall in.
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Re: Mutual Funds by naijaobi(m): 7:01am On Aug 21, 2018 |
Hi everyone, Is the recent increase for top up by stanbic mmf also applicable to those that opened account via mobile app? |
Re: Mutual Funds by Nobody: 7:19am On Aug 21, 2018 |
brainhack: Please read through the page below https://www.nairaland.com/1912965/mutual-funds/70 |
Re: Mutual Funds by Engr2000: 10:19am On Aug 21, 2018 |
yemisolar: Good deal for fixed deposit... even the 14% is for 90 days. |
Re: Mutual Funds by alezzy13: 11:14am On Aug 21, 2018 |
irookie: I'd would be great if more investors in each of the different platforms share their experiences. That's what made the TBill thread a great reference point. ie first hand experience from users and not marketers |
Re: Mutual Funds by brainhack(m): 5:58pm On Aug 21, 2018 |
rationalmind: rationalmind: you still didn’t say how you came about this info. Please do you have a mail from Axa-mansard supporting this claim or have you been investing in their MMF for over a year? I just got off the phone with a friend that works with Axa-mansard. He stated that yes the rates published are net of charges but at some point later the Annual Management Fee (1.25%) would be deducted from your account. He has promised to get back with an official response when work resumes because he is presently unsure whether it is deducted at a particular time of the year or when an event is triggered (eg payout). I would be sure to relay this if he gets back to me with more info. As I stated before I won’t invest under an assumption and wouldn’t advise anybody to do so until the assumption become a fact (bring your strong evidence). 2 Likes |
Re: Mutual Funds by Nobody: 6:26pm On Aug 21, 2018 |
brainhack: You know, you remind me of my days arguing in the religion section. What exactly qualifies as strong evidence? If I tell you I have a mail from them and even share the mail, it's no evidence it wasn't doctored. I could simply be a marketer for them, using all the tricks in the book to bring you in And if it's me telling you I've been with them for a year and wasn't charged, you may ask me to share my account statement for that year showing I wasn't debited. Of course even if I share, it's still no evidence, I could have doctored it. It's good you're making your own independent enquiry. It appears it's the only thing that qualifies as evidence and not what I post here. 2 Likes 1 Share |
Re: Mutual Funds by RealityShot: 8:15pm On Aug 21, 2018 |
rationalmind:no one can put it better.. Well said |
Re: Mutual Funds by brainhack(m): 9:20pm On Aug 21, 2018 |
rationalmind: It is not a big matter. Sorry if you feel offended. I would have killed the matter if you said you have had an account with them for over a year or you received a mail from them or you are a staff. That passes my strong evidence test already; It doesn’t take much to satisfy my doubt but you have still on still you have failed to tell us how you got this info though. This is not an indeterminable matter such as religion, that would result to a frivolous and never ending argument. it is as simple as black and white. Its all about the numbers here and numbers are exact and can’t tell a lie by theirself. I honestly really don’t care to be right or wrong here, it wouldn’t add to my funds. Its just that my rationalmind didnt just see any reason for Axa-mansard to state their Annual Management fee for emphasis if their rates are already net of all* charges and fees. I’m secretly hoping you are correct though. Some people would use the info you post here now or in the future, it wouldn’t hurt to give them basis of your conclusions would it. 1 Like |
Re: Mutual Funds by AbbyE: 9:43pm On Aug 21, 2018 |
brainhack: Lol are you sure your friend actually works for them ? Because I've had an AXAMansard account since last year April(17 months) and no separate deduction has been made |
Re: Mutual Funds by brainhack(m): 9:50pm On Aug 21, 2018 |
AbbyE: Thats all i wanted to hear Yeah he does. 100% sure. There are GTB staffs that can’t provide simple account info such as their card rate for dollar and they go to work everyday; they don’t even know how to get the info for you if asked lol. So my first question to him was if he had a MMF account with his employer which he confirmed in affirmative. Anyways thanks for your response. Much appreciated. |
Re: Mutual Funds by enque(f): 10:09pm On Aug 21, 2018 |
Hello house... Happy celebrations... Who uses fbnquest? Any need to go to their physical office to open an mmf acct? |
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