Stats: 3,191,066 members, 7,942,868 topics. Date: Saturday, 07 September 2024 at 06:44 PM |
Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1008849 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)
(1) (2) (3) ... (114) (115) (116) (117) (118) (119) (120) ... (331) (Reply) (Go Down)
Re: Mutual Funds by dammy222(f): 1:59pm On Oct 03, 2018 |
lgboks:Thanks 1 Like 1 Share |
Re: Mutual Funds by Peacelikeariver: 11:44am On Oct 04, 2018 |
Please how do I request that my quarterly income distribution for stanbic mmf be reinvested automatically without being paid into my personal account. I have sent email before but my last quarterly has just been paid to my account without being reinvesting as requested. |
Re: Mutual Funds by cybertek(m): 12:04pm On Oct 04, 2018 |
Peacelikeariver:Have you received yours? Mine havent been paid want to even reinvest it back. |
Re: Mutual Funds by jpphilips(m): 8:31pm On Oct 04, 2018 |
jujutom: Sure buisness news of course, they pay you what they want anyways. |
Re: Mutual Funds by Ugosample(m): 9:11pm On Oct 04, 2018 |
Pr0cter: send them a mail and lay your complaint they will answer you 1 Like |
Re: Mutual Funds by Ugosample(m): 9:13pm On Oct 04, 2018 |
jpphilips: if this is true, then indeed, Nigeria is a den of criminals I don't want to believe this any ways because how can you take that margin when your percentage charge is supposed to be 1% , ![]() |
Re: Mutual Funds by Ugosample(m): 9:16pm On Oct 04, 2018 |
Pr0cter: you are on the right path my man... most people your age range are not thinking investment, and I pity them so bad..... Anyways, learn the ropes, and make smart choices Success to you! 4 Likes |
Re: Mutual Funds by Peacelikeariver: 9:53pm On Oct 04, 2018 |
cybertek:Yes, I received alert of the payment from my bank yesterday. |
Re: Mutual Funds by cybertek(m): 12:57am On Oct 05, 2018 |
Peacelikeariver:Same here. |
Re: Mutual Funds by opomulero(m): 10:21am On Oct 05, 2018 |
please if someone made a topup online when will it reflect on the e-account ...stanbic money market mutual fund |
Re: Mutual Funds by Olakunle007(m): 11:36am On Oct 05, 2018 |
Hey folks, I was in First Bank on Tuesday along with my brother to make an inquiry about First Bank fixed deposit. The woman who attended to us told us told us 4% for 30 days duration (1 month) which we are okay with. So on Wednesday, we went there to fix #500.000 and the woman she would make it 5%. She asked us to come back for the certificate. And today, this is what I see in the letter which my brother has already endorsed. I'm thinking the calculation is not correct. Please explain better...
|
Re: Mutual Funds by cybertek(m): 12:06pm On Oct 05, 2018 |
Olakunle007:I think its per year oo not per month |
Re: Mutual Funds by NL1960: 12:09pm On Oct 05, 2018 |
Olakunle007: The calculation is correct. Interest rate is per year and not per month. The formula for simple interest is: I = PTR/365 or 366 depending on whether it is a leap year or not (no ask me wetin be leap year o) where: P = Principal = N500,000 T = Time = 30 days R = Rate = 5% = 5/100 = 0.05 Therefore: I = (500,000 * 30 * 0.05 )/365 = 750,000 / 365 = 2054.794520547945 = 2,054.79. QED When dem dey teach Simple Interest for mathematics class for school, na people like you go dey make noise, dey make fun of teacher and be asking the teacher wetin dem go use am do for future. You can now see the usefulness. ![]() 11 Likes 1 Share |
Re: Mutual Funds by ajeleomo: 12:42pm On Oct 05, 2018 |
Olakunle007: If this is deposited into Stanbic ibtc yeild Saving account, you will earn 6.5% per annum as long as you did not withdraw more than thrice per month, So for me this is a wrong investment Sir 1 Like |
Re: Mutual Funds by freeman67: 1:08pm On Oct 05, 2018 |
Olakunle007: Over correct worry am.. Also beware that when it matures the bank will 10% which is N205. 479 from the money as tax as written in your contract with them so you will only have like1849. 31 @the end. 1 Like |
Re: Mutual Funds by Olakunle007(m): 3:38pm On Oct 05, 2018 |
ajeleomo: Yes, it's a wrong investment. But I can't really see the difference between the two. 6.5% per annum is 32,000. First bank fixed deposit is also 6.5% per annum. Non of the investment move me. Could someone please suggest better Money market one can invest in? 1 Like |
Re: Mutual Funds by Yem0350: 3:49pm On Oct 05, 2018 |
Olakunle007:Try axa mansard MMF. They have no minimum withholding period |
Re: Mutual Funds by ernie4life(m): 4:06pm On Oct 05, 2018 |
Olakunle007: Try Afrinvest NDIF currently 16.55% |
Re: Mutual Funds by Pr0cter: 7:36pm On Oct 05, 2018 |
ernie4life: Hello sir, I've been considering investing with Afri invest for FGN Saving bonds, but I'll like to ask like how much will you suggest to a young guy that's just starting life that's substantial to invest for a 2 year period that will yield return. Please I need figures. I've got some spare cash, though I intend investing in acres of cassava farm this November but I'm just weighing other available options |
Re: Mutual Funds by ajeleomo: 4:51pm On Oct 06, 2018 |
ernie4life: How true is this? and if it is then why is everyone saying Tbilss is the best investmestment then... kindly clarify and give us more indepth fact on NDIF Sir |
Re: Mutual Funds by Nobody: 10:11am On Oct 07, 2018 |
Fixed deposit doesn’t make sense in today’s world where MMF is easily accessible. |
Re: Mutual Funds by Nobody: 10:12am On Oct 07, 2018 |
ernie4life: Could you provide more information on this fund with safety of fund in focus. |
Re: Mutual Funds by ernie4life(m): 9:20am On Oct 08, 2018 |
Ehuatamuigunisi: ajeleomo: Nigerian International Debt Fund (NIDF) is a fixed income mutual fund that invests in Nigerian Federal and State Government debt instruments (Bonds). It has a bi-annual coupon tradition. its being trading for over a decade, you can check up the rate on Fman website to verify the return. |
Re: Mutual Funds by ernie4life(m): 11:09am On Oct 08, 2018 |
Pr0cter: FGN savings bond is very secured so have no fear, basically bonds gives you the opportunity to lock in your funds at a "rate" for a long period of time, for savings bonds its probably 3 years with quarterly payments. your only concern is if you are locking your funds at a good rate on the long run, the only way to answer that is do your forecast. So, if you feel rates will go substantially higher than the current level then you may want to stick to money market but if you see rates crashing downwards then locking your funds at current rate is advisable I cant tell you how much you should do because i dont know your income and your expenditure. But you can use the mathematical formula below to calculate what ever you will get(yield) at the end of the period, with the formular below am assuming you are going to reinvest your quarterly interest at thesame rate as the bond. 2 Likes 1 Share
|
Re: Mutual Funds by Nobody: 12:13pm On Oct 08, 2018 |
ARM MMF just paid the 3rd quarter interest today. |
Re: Mutual Funds by Pr0cter: 12:32pm On Oct 08, 2018 |
ernie4life: Thanks alot, but can you kindly use a #100,000 to show how to calculate the future rate. I mean if for example I choose to invest #100,000 to FGN saving bonds using the current October rate. I ask for this because I don't understand the m*n function. |
Re: Mutual Funds by Pr0cter: 12:43pm On Oct 08, 2018 |
Ehuatamuigunisi: Yeah. I also got their text and email this morning. To me, their rate aren't very good. I stand to be corrected. Though I didnt invest much fund in their MMF |
Re: Mutual Funds by Yem0350: 1:26pm On Oct 08, 2018 |
Pr0cter:What rate did you get? |
Re: Mutual Funds by Pr0cter: 2:38pm On Oct 08, 2018 |
Yem0350: well from my calculations, the intrest rate is 12.26% Though my invested capital isn't that much, perhaps that's why I didn't get much return |
Re: Mutual Funds by Yem0350: 3:28pm On Oct 08, 2018 |
Pr0cter:The rate is still good |
Re: Mutual Funds by ernie4life(m): 4:02pm On Oct 08, 2018 |
Pr0cter: m stands for number of times the interest is compounded, so since FGN savings bond pays interest every quarter and you have 4 quarters in a year, M= 4 N is the number of years, so since its 3 years , N= 3 working by this and also assuming that you keep reinvesting your interest at same interest of the bond which in this case is 12% at the end of 3years, you should have 142,576 naira |
Re: Mutual Funds by Pr0cter: 5:05pm On Oct 08, 2018 |
ernie4life: It's well simplified. Thanks alot sir |
(1) (2) (3) ... (114) (115) (116) (117) (118) (119) (120) ... (331) (Reply)
MBA Investors Forum / Crypto Currency Investors Thread / Treasury Bills In Nigeria
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53 |