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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 mizGene(f): 11:36pm On Aug 21, 2018 |
brainhack: I thought so too but I noticed that on the app, l I deposited 200k for starters, the total is about 240k now but it says interest accrued is 30k .. so what's up with the difference? |
Re: Mutual Funds by Yem0350: 1:08am On Aug 22, 2018 |
enque:No need to go to their office Fill the form, scan it along with your evidence of payment |
Re: Mutual Funds by Yem0350: 2:15am On Aug 22, 2018 |
4601CE:Any update? Was it reflected on Monday? |
Re: Mutual Funds by brainhack(m): 2:27am On Aug 22, 2018 |
mizGene: You are referring to the interest showing (in smaller fonts) below the available balance - using the mobile app. My main concern is usually my total available balance, I really don’t pay much attention to the interest being displayed below. I believe the interest it shows is for a period though (mostly likely for the current quarter, not sure). Why I believe so is because after a period mine zerorises (ie the 30k showing now as interest would turn to 0) then starts increasing again depending on how much you earn per day. From my observation the zerorisation usually happens when we enter a new quarter. Like i said I don’t pay much attention to it, I just check my total available balance once a day sometimes just to be sure the interest accrued for the previous day was added 1 Like |
Re: Mutual Funds by naijaobi(m): 8:10am On Aug 22, 2018 |
Can someone answer this please Thanks naijaobi: |
Re: Mutual Funds by kayrukky: 9:06am On Aug 22, 2018 |
mizGene:Did you re-invest your interest? If yes. Stanbic IBTC compounds interest on almost daily basis. They don’t wait till end of the quarter to re-invest. Based on this you accrue more interest than expected. |
Re: Mutual Funds by Nobody: 10:05am On Aug 22, 2018 |
Yem0350:Yes it did later in the evening. Thanks |
Re: Mutual Funds by mizGene(f): 10:06am On Aug 22, 2018 |
kayrukky:Thanks a lot. I requested for reinvestment, I think this cd be the reason. |
Re: Mutual Funds by Nobody: 10:09am On Aug 22, 2018 |
ronnyboo:Thanks |
Re: Mutual Funds by mizGene(f): 10:10am On Aug 22, 2018 |
brainhack: Lool. Yes thank you, Its probably the compounding that zerorises the interest. I just want to make sure that if/when I want to withdraw, it will be the whole total available that I will get. .. |
Re: Mutual Funds by mizGene(f): 10:19am On Aug 22, 2018 |
There is a lot more to mutual funds than MMF, I'm open to exploring.... have been thinking of dollar based investments... last I checked a couple of months back, stanbic's was offering about 5%....since mmf was 12 % I felt it was better to change to naira and invest...but looking at the political landscape, all the craziness going on this pre election period, I think it makes sense to save in dollars right now. Who is investing in any dollar based mutual fund? Is investment 1 or Axa Mansard affiliated to GTB? When investment houses are affilitated to banks (like fbn quest and fbn) do they charge for dollar transfer when one is withdrawing from a dollar fund? Just trying to avoid transfer charges depleting accrued interest. |
Re: Mutual Funds by ekeneluvsu(m): 11:59am On Aug 22, 2018 |
eezeribe: Please I am interested in the Mutual fund. Send to ekenechukwu1990@gmail.com |
Re: Mutual Funds by jujutom(m): 12:46pm On Aug 22, 2018 |
mizGene: Which MMF offers in dollars? And how much is the minimum to start? |
Re: Mutual Funds by ronnyboo(m): 3:32pm On Aug 22, 2018 |
brainhack: Nice one. I also check my balance almost on a daily basis. But I noticed there was no interest added yesterday Tuesday 21st August. Is this a common occurrence? Abi market no sell or what? Who else observed this? |
Re: Mutual Funds by Nobody: 3:39pm On Aug 22, 2018 |
kayrukky:That’s not true . 1 Like |
Re: Mutual Funds by kayrukky: 3:51pm On Aug 22, 2018 |
4601CE:Then tell me what is the true story. I have been with Stanbic IBTC MMF for 2 years now. I run it concurrently with three other Asset mgt coys. With the same amount. I can draw my conclusion. Eventhough Stanbic have the lowest interest rate out of the four. But I still get more interest from Stanbic at the of the day because the interest rates are compounded almost on daily basis. |
Re: Mutual Funds by umulobi: 4:18pm On Aug 22, 2018 |
ronnyboo:Yesterday and today r public holidays,the interest for the two days would be added in the morning hours of Thursday. So relax,ur fund is growing. |
Re: Mutual Funds by Nobody: 4:18pm On Aug 22, 2018 |
kayrukky:Yes it does compound frequently but not daily or almost daily sir. |
Re: Mutual Funds by ronnyboo(m): 6:21pm On Aug 22, 2018 |
umulobi: Lool.. Thanks. I totally forgot, my blood too hot � |
Re: Mutual Funds by brainhack(m): 8:45pm On Aug 22, 2018 |
ronnyboo: Bro, account checking is a necessary daily ritual. There was a day over **** disappeared from my account, i just waved it off that it would come back. After some days the thing no still show. I had to call before it was rectified, apparently nobody was aware of the error. Since then I even added dated screenshot of my account which i send to my personal mail addy to the mix. My country people talk say if mad-man don beat person mama mercilessly before, if she see mechanic she go pick race. From my observation, valuation is done only on working days. The interest for Tuesday and Wednesday (Public holidays) would be added tomorrow. Same thing applies to weekends (interest accrued for Saturday & Sunday) are added the following working day (Monday). |
Re: Mutual Funds by ronnyboo(m): 10:47pm On Aug 22, 2018 |
brainhack: Haha.. This is serious. But that 500k error is too expensive man. Thanks for sharing. My friend thinks I'm too paranoid for checking everyday |
Re: Mutual Funds by alezzy13: 11:31pm On Aug 22, 2018 |
AbbyE: Abeg for a newbie like me, when you say 'net of charges' does that mean only the interest is charged? |
Re: Mutual Funds by Nobody: 11:34pm On Aug 22, 2018 |
alezzy13:It means free of charges. |
Re: Mutual Funds by alezzy13: 11:35pm On Aug 22, 2018 |
I'm torn between investment one and stanbic. Investment one because I've been with their parent company, GTB, for over a decade now and have been very impressed with their services, and stanbic because it seems to be a the most popular..... |
Re: Mutual Funds by alezzy13: 11:38pm On Aug 22, 2018 |
4601CE: Really? As in, no charge at all on principal or interest? Thats terrific! E be like say I go port very soon from TBs |
Re: Mutual Funds by Nobody: 11:43pm On Aug 22, 2018 |
alezzy13:I don’t know if it’s free of charges true true o. I have no idea. I was only telling you what that means. Btw, if there’s gonna be any charges. It should not be from your principal. |
Re: Mutual Funds by AbbyE: 6:48am On Aug 23, 2018 |
4601CE: Mine is almost daily sha.... |
Re: Mutual Funds by AbbyE: 6:49am On Aug 23, 2018 |
alezzy13: What that means is the rate that shows on the site is not the actual rate but the rate after the 1.25% management fee has been charged |
Re: Mutual Funds by Deknight45: 8:32am On Aug 23, 2018 |
alezzy13: Please what is InvestmentOne MMF Effective Yield. |
Re: Mutual Funds by jujutom(m): 3:33pm On Aug 23, 2018 |
Plz Which MMF offers in dollars? And how much is the minimum to start? |
Re: Mutual Funds by needful: 12:41am On Aug 24, 2018 |
Pls house, I want to top up on my mmf stanbic but I discovered that I can only top up with atm card which I do not have and I cant access their offices in person due to my location. How else will I do the top up. Help a friend pls |
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