Bring all Itunes to me at 260/$
Rate on fire, direct loader here

brainhack:


Please what’s your take on Axa-mansard’s Annual management fee (1.25%). Is it on the interest accrued or it includes the principal.

1.25% of N5,000,000 = N62,500
1.25% of N10,000,000 = N125,000
1.25% of N50,000,000 = N625,000

If its includes the principle hmmm. What happens if MM instruments stays on course with this nose dive and lands between 6-8%. We would surely feel that 1.25% oo.

Anybody that has the answer should please clarify.

I haven't been with them for up to a year but I sent an email and here's the response;



The rates published for the Money Market fund are net of fees and the management fee is accrued for daily and deducted before income is distributed to your account.



There are no further charges passed to your account once the net income is distributed each day.

jujutom:
Plz Which MMF offers in dollars? And how much is the minimum to start?

Try fbnquest
Heard their ad on radio n they mentioned that one can invest in naira or dollars

beyolah:


I haven't been with them for up to a year but I sent an email and here's the response;

The rates published for the Money Market fund are net of fees and the management fee is accrued for daily and deducted before income is distributed to your account.

There are no further charges passed to your account once the net income is distributed each day.

I hope I read this right. Just to further clarify their response; if for example the published rate is 12%. It is net of fees, lets say using that rate; your income for the day is N1,000 AND then the management fee would be deducted (e.g mgt fee N15) so N985 hits your account. So you don’t notice it.

If I did read it right, then that was exactly the point my Axa-mansard friend was trying to make.

The point I wanted to bring to the notice of this house was that: doesn’t it make Axa- mansard rate a little less competitive than others. Others or Stanbic rather (thats the only account i have for now) gives you your income exactly at the rate published for the day.

Reading back this trend i noticed someone complaining that there is a little variance between the rates Axa-mansard published and what hits his account everyday (I’m guessing that is management fee).

Well i’m fine now. Thank you for this though.

What of stanbic ibtc dollar fund? Is it low risk and guarantee fund?

eezeribe:
Hello prospective investors, if you are interested in opening a Stanbic IBTC Money market fund, if you need guidance on how to fill the form, I have a PDF copy of an already filled form from STANBIC bank herself, the form serves as a guiding template.
It is free of charge. Happy Sunday.

Hello sir. Please kindly send it to me at okorienkechi15@gmail.com. Thanks

Hello Sir! i also interested in the pdf form for stanbic MMF.
Here my mail address olad_2babs@yahoo.com.
Thanks in advance.

You can start an investment in ARM Money Market Fund here https://arminvestmentcenter.com/product/money-market-fund/

You can also check out this video for other safe alternatives to a Money Market Fund

https://www.youtube.com/watch?v=EDHTlNWEb04&index=2&list=PLchmjliHm8o_r7g87g9UgWotN9hR7dIR5

hi bosses in d haus,
pls am a novice in d mmf investment stuff,
I intend investing 1 million in maybe FBN mmf, wat is d current interest rate, n wat will b ma interest on 1million after a year ??
wat are d risks associated wit mmf ??
thanks

msanda:
You can start an investment in ARM Money Market Fund here https://arminvestmentcenter.com/product/money-market-fund/

You can also check out this video for other safe alternatives to a Money Market Fund

https://www.youtube.com/watch?v=EDHTlNWEb04&index=2&list=PLchmjliHm8o_r7g87g9UgWotN9hR7dIR5

It takes 48hrs for ARM to credit my account since inception irrespective of whether you top up before 12pm
Thinking of moving my available funds from them to Axa or fbnquest

TheExclusive:
Hi guys,

Pls, can one top up his stanbic mutual funds account through paypal?

Lmao

Good afternoon house, I got a mmf with Axa-mansard a month ago but I don't see the daily accrued interest in my dashboard and I want to know if the interest is reinvested on a daily basis.

ojoh002:
Good afternoon house, I got a mmf with Axa-mansard a month ago but I don't see the daily accrued interest in my dashboard and I want to know if the interest is reinvested on a daily basis.

I do see my accrued interest increasing accordingly. Try to contact them.

Ikmontana1:
hi bosses in d haus,
pls am a novice in d mmf investment stuff,
I intend investing 1 million in maybe FBN mmf, wat is d current interest rate, n wat will b ma interest on 1million after a year ??
wat are d risks associated wit mmf ??
thanks

pls I need explanations.. tanx

How much is the minimum one can invest in stanbic mmf ?

Can i open new mutual fund account with the app and invest online then upgrade the account to accommodate more funds later ?

Ikmontana1:
hi bosses in d haus,
pls am a novice in d mmf investment stuff,
I intend investing 1 million in maybe FBN mmf, wat is d current interest rate, n wat will b ma interest on 1million after a year ??
wat are d risks associated wit mmf ??
thanks

The interest rate (per year) varies and you can get interest rate from here or your fund manager website:

http://fman.com.ng/mutual-fund-price-list/

with this you should be able to calculate your approximate interest after a year.

the risk i deduced from MMF is if my Fund manager or the instruments they invested my money in collapse or if they run away with my money (the risks with MMF are significantly low)

Psychodavidovic:
How much is the minimum one can invest in stanbic mmf ?

Can i open new mutual fund account with the app and invest online then upgrade the account to accommodate more funds later ?

The minimum amount you can invest is 5K (based on thier website and application form)

and yes you can open new account and fund with the app/online and upgrade later after submitting your KYC documents.

jujutom:
What of stanbic ibtc dollar fund? Is it low risk and guarantee fund?

Why not buy euro bonds and lock in your cash at a specific rate? You can get up to 10%

ernie4life:


Why not buy euro bonds and lock in your cash at a specific rate? You can get up to 10%

Pls can u tell us more about this?

Can one get it through the regular fund managers? Is it capital guaranteed and can one liquidate at will?

irookie:


The interest rate (per year) varies and you can get interest rate from here or your fund manager website:

http://fman.com.ng/mutual-fund-price-list/

with this you should be able to calculate your approximate interest after a year.

the risk i deduced from MMF is if my Fund manager or the instruments they invested my money in collapse or if they run away with my money (the risks with MMF are significantly low)

tanx bro

mizGene:

Pls can u tell us more about this?

Can one get it through the regular fund managers? Is it capital guaranteed and can one liquidate at will?

Following i wanna hear abt this too

.

Plz sombodi show d educate us on dis euro bond

irookie:


The minimum amount you can invest is 5K (based on thier website and application form)

and yes you can open new account and fund with the app/online and upgrade later after submitting your KYC documents.

Thank you very much. Opening an account via the app immediately.

Any idea where i can see the rates ? Tried fman but couldn't see it there.

Psychodavidovic:


Thank you very much. Opening an account via the app immediately.

Any idea where i can see the rates ? Tried fman but couldn't see it there.

you can see the rates on:

http://www.stanbicibtcassetmanagement.com/

http://fman.com.ng/mutual-fund-price-list/

mizGene:

Pls can u tell us more about this?

Can one get it through the regular fund managers? Is it capital guaranteed and can one liquidate at will?

It's guaranteed, capital and interest.
This is a mutual fund thread so I don't want to deviate since its not a mutual fund,
Send me a Pm and I will answer all your questions.

jp130:
Plz sombodi show d educate us on dis euro bond

This is a mutual fund thread so you can't discuss euro bonds here but you can go to euro bonds thread https://www.nairaland.com/4667123/eurobond

irookie:


you can see the rates on:

http://www.stanbicibtcassetmanagement.com/

http://fman.com.ng/mutual-fund-price-list/

Visited the fman link but could only see the names and contact details of the companies, No rates.

Saw the rates on stanbic's website tho. Thanks.

Please can someone explain how to open an account a stanbic mutual fund using their app. Only what I can see how to login.