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Re: Mutual Funds by cybertek(m): 11:14am On Sep 18, 2018 |
adedayo77:Treasury bill |
Re: Mutual Funds by naijaobi(m): 12:08pm On Sep 18, 2018 |
adedayo77:Treasury bills or Tuberculosis But, I'm sure for this thread, it's Treasury bills ![]() 3 Likes |
Re: Mutual Funds by ajeleomo: 1:39pm On Sep 18, 2018 |
Does anyone have Abacus MMF account with investment one and MMF account with ARM? please kindly confirm interest rate for 12% and 12.3% respectively because i dont understand why these guys are up there why Stanbic MMF is at 11.58%. |
Re: Mutual Funds by Yem0350: 6:48pm On Sep 18, 2018 |
ajeleomo:Stanbic actual yield is 10.77% from my end (I did the calculation) Pls, confirm from your end, let me know if it is the same |
Re: Mutual Funds by jpphilips(m): 7:45pm On Sep 18, 2018 |
hias2012: You think the example I talked about was generated frm where? Stop deceiving yourself, Axa doesnt have the best rates. |
Re: Mutual Funds by hardeydhoying(m): 7:56pm On Sep 18, 2018 |
irookie:Is Capital guaranteed for Treasury Bills? |
Re: Mutual Funds by ajeleomo: 9:19pm On Sep 18, 2018 |
Yem0350: How was this calculated? coz going by I = P x R x T/100 where Time =1 year =365days then Interest per day = P x R /36500 I observed an interest of N30.79 on N100,000 principal Therefore R = I x 36500/P = 30.79 x 36500/100,000 = 11.23835 approx. 11.24% I stand to be corrected 2 Likes 1 Share |
Re: Mutual Funds by dotcomnamename: 12:49am On Sep 19, 2018 |
irookie: Are you now saying Mutual Funds is risk or Capital is not not guarantee? ![]()
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Re: Mutual Funds by jpphilips(m): 1:41am On Sep 19, 2018 |
Yem0350: Axa mansard does not credit me on Fridays & Mondays, it stays put on previous week's Thursday rate till Tuesday next week. Have you bothered to ask yourself how they arrived at what they credited you? |
Re: Mutual Funds by jpphilips(m): 1:44am On Sep 19, 2018 |
hias2012: Have you bothered to select the calendar on that web tool? Enough of that "one of the best" nonsense!! Not everyone is a fan of mediocrity. |
Re: Mutual Funds by Yem0350: 6:58am On Sep 19, 2018 |
jpphilips:I do get my interest on Friday and Monday. I guess there is something wrong with your account On Monday morning, I do get for the weekend |
Re: Mutual Funds by Yem0350: 7:01am On Sep 19, 2018 |
jpphilips:At 12.2%, you think the rate is not good enough. Even if it is not the best, but at least, one of the best Even stanbic true yield is not even up-to 11%. Tell me the one that currently suits your taste so that we can learn. |
Re: Mutual Funds by Yem0350: 7:06am On Sep 19, 2018 |
jpphilips:List at least, two MMF that does that. I have asked you to list those MMF that are better than Axa and reason why. Let us learn from each other. I have 6 different MMF account, so, I know the reason why I said you should list at least two. From my experience, none of them is 100% perfect. 1 Like |
Re: Mutual Funds by Ifelove1(m): 7:08am On Sep 19, 2018 |
Yem0350:Please has Stanbic MMF ever had a better rate than AXA Mansard MMF? |
Re: Mutual Funds by Yem0350: 7:10am On Sep 19, 2018 |
If anyone here is painting axa in bad light and I am here enjoying them to the fullest Then, be bold enough to list just two MMFs that are far better than them in all index. 1 Like |
Re: Mutual Funds by Yem0350: 7:13am On Sep 19, 2018 |
Ifelove1:Since I have been using both of them, axa rate is always higher than stanbic. I am not talking about the rates they displayed on their sites, but the actual rates that were credited to my account. |
Re: Mutual Funds by Ifelove1(m): 7:16am On Sep 19, 2018 |
Yem0350:Thank you. Stanbic rates always look so low. I feel like transferring the money there to AXAMansard |
Re: Mutual Funds by elothaddi(m): 7:31am On Sep 19, 2018 |
Your interest for Saturday and Sunday is paid on Monday between the 9am to 2pm or sometimes to 3pm. What I do is to check every 30 minutes from 9am and you will notice the first difference from which you can calculate the interest rate. Continue checking as stated above and you will see that of Sunday and Monday and then you can calculate the interest rate. From my experience, weekend rate is close to what is quoted on the website on Thursday. I know this is a crooked way of checking but I am impressed with the redemption speed. Develop an excel sheet to enable you compare the quoted and actual rate. jpphilips: |
Re: Mutual Funds by Yem0350: 8:01am On Sep 19, 2018 |
elothaddi:Exactly. I don't know why his account doesn't get credited on Monday and Friday. For the redemption, if you applied before 1pm, you are likely to get it that same day, however, irrespective of the time applied, it is Max of 24hrs. Like you said, the redemption speed is there. |
Re: Mutual Funds by ajeleomo: 9:07am On Sep 19, 2018 |
Yem0350: I was informed ARM MMF is 12.3% while Investment one Abacus MMF is 12%... Are these not better than AXA? |
Re: Mutual Funds by Yem0350: 9:16am On Sep 19, 2018 |
ajeleomo:Axa as at yesterday was 12.10 What I mean is that, he should tell us which MMF is better than axa in all factors (not only rates) 12.10 is not bad He is not only complaining about rates. Let us compare them in terms of rates, subscription time, redemption time, flexibility, transparency, access to information, time it takes to respond to issues etc We will all learn from this you know |
Re: Mutual Funds by enque(f): 9:29am On Sep 19, 2018 |
Morning House, for guys that use investment one. how can one directly fund mmf account asides the bank transfer option? |
Re: Mutual Funds by ajeleomo: 10:34am On Sep 19, 2018 |
enque: Make deposits into your Abacus account by: Fund Transfer Bank: Stanbic IBTC Account Name: UNITED CAPITAL TRUSTEES/ ABACUS MONEY MARKET FUND Account Number: 0020259768 Fund Transfer Bank: Guaranty Trust Bank Account Name: UNITED CAPITAL TRUSTEES/ ABACUS MONEY MARKET FUND Account Number: 0242985739 Fund Transfer Bank: United Bank For Africa Account Name: UNITED CAPITAL TRUSTEES/ ABACUS MONEY MARKET FUND Account Number: 1014371856 Interswitch Secure Payment Platform Deposits can be made on our website at https://www.investment-one.com/payments/new-payment/ Please note that we do not accept cash or authorize any staff or agent to collect cash for subscription to the fund. For further enquiries, please send us an email at Customercare@investment-one.com Thank you for choosing INVESTMENT ONE Funds Management Limited. Regards, Customer Relationship Management |
Re: Mutual Funds by 6ixgod(m): 1:34pm On Sep 19, 2018 |
Please can someone explain why these little amounts are being added as topups on my stanbic MMF app? 1 Like
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Re: Mutual Funds by hardeydhoying(m): 1:40pm On Sep 19, 2018 |
Hello, I'm new to MMF and I'll like to invest in Stanbic MMF or AXA Mansard MMF, Please which one is advisable? |
Re: Mutual Funds by Adayoung(f): 2:53pm On Sep 19, 2018 |
With the people's complain its like i will port to Axa oh, stanbic mmf keeps getting low and discouraging. |
Re: Mutual Funds by Yem0350: 3:07pm On Sep 19, 2018 |
hardeydhoying:Using rate as a case study, as at today : Stanbic (10.69), Axa (12.07) Using redemption rate : I am yet to redeem on stanbic, but axa takes Max of 24hrs. Based on the two factors above, I think axa is better than stanbic (MY OWN RECOMMENDATION) the only advantage stanbic has over axa is that the reinvest interest probably on weekly bases but axa don't reinvest until the end of the quarter. |
Re: Mutual Funds by hardeydhoying(m): 3:28pm On Sep 19, 2018 |
Yem0350:Okay, thanks so much. I'll still like to hear other people's view. I still have till end of this week before investing. |
Re: Mutual Funds by AbbyE: 3:46pm On Sep 19, 2018 |
hardeydhoying: Redemption Speed :- AxaMansard Interest Rate:- Both usually have similar rates Diversity of Funds(Incase you decide to invest in other funds that are not MMF) : Stanbic IBTC Customer Experience:- AxaMansard Dividend Reinvestment :- Stanbic reinvests when the underlying asset matures while AxaMansard reinvests quarterly |
Re: Mutual Funds by hardeydhoying(m): 5:08pm On Sep 19, 2018 |
AbbyE:Thank you so much I appreciate it. |
Re: Mutual Funds by ajeleomo: 5:18pm On Sep 19, 2018 |
AbbyE: Reinvestment when the underlying asset matures means? Can we also put ARM mmf in this comparison |
Re: Mutual Funds by ajeleomo: 5:25pm On Sep 19, 2018 |
Yem0350: Bros how did you arrive at 10.69% for stanbic? Is there is link to view it? Axa is said to be 12.05 from my chat with customer care |
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