mikeopara:
Good Day All,

I'm having this thought, I will appreciate if someone can throw more light on this.

Aside from the profit which is paid on a daily basis, On the 16th,17th and 18th of this month, I got interests of 22k, 2k and 25k which was automatically reinvested to my capital without my available balance been increased . This I guess is standard for everyone who opted for their profit to be reinvested.

However, what if my interest was paid to my bank account and I reinvested to MF on my own? My capital will be increased and so will my available balance.

Please if the aforementioned is not inline, I would really appreciate further clarification.

Thanks.

ajeleomo:


This is typical with Stanbic for all those who choose reinvestment of profit. They do not do this quarterly but most times weekly. The balance amount remains the same but the inflow amount will increase which will also give rise to the profit value

hias2012:


Bottom line you earn more as your profit is put to work for you much earlier.

ikemeze:
Good morning All, please I'm interested in these money market fund. I planned to invest in Stanbic mmf and Axamansard mmf. Stanbic mmf is 30 days tenor please how many day is Axamansard Mmf?
How I invest monthly in both of them?

naijaobi:

Your statements don't tally with the thread oga
This thread is just 120 pages. If you read the first 20 and last 20 pages(40 pages only), you won't be asking such questions.

ikemeze:
naijaobinaijao

Did I ask you question naijaobi? can you keep quiet?

Yem0350:
I continue to imagine. Despite all the weekly reinvestment of stanbic, their rates are still very low compared to the like of mansard, arm and others.

ajeleomo:


Same here Bro

hias2012:


Interest rate and interest amount recapitalisation are two separate things entirely. However, a little knowledge of mathematics will show that different fund managers adopt different strategies to remain competitive. Think about this, one offers 12% today and puts the interest amount to work quarterly. Another pays interest at 11.5% and puts the interest amount to work weekly. Which of the two approaches would you prefer? You may need to do the math to know which of these two pays higher returns at the end of season. Looking at the interest rate alone will not answer that question. My advice, stick to one that best suits you, there is no point moving fund from one fund manager to another.

lordnaruto:
just signed up with AXA Mansard now, It was quite easy , i did everything within 30 minutes, ive even transferred the money to their account, pending confirmation.

I have an issue thou, i followed the activation mail sent to me, and ive already created a password, however, i'm unable to sign in. Is it that it takes some time before i'll be able to access my account or something is wrong somewhere?

hias2012:


Interest rate and interest amount recapitalisation are two separate things entirely. However, a little knowledge of mathematics will show that different fund managers adopt different strategies to remain competitive. Think about this, one offers 12% today and puts the interest amount to work quarterly. Another pays interest at 11.5% and puts the interest amount to work weekly. Which of the two approaches would you prefer? You may need to do the math to know which of these two pays higher returns at the end of season. Looking at the interest rate alone will not answer that question. My advice, stick to one that best suits you, there is no point moving fund from one fund manager to another.

lordnaruto:
just signed up with AXA Mansard now, It was quite easy , i did everything within 30 minutes, ive even transferred the money to their account, pending confirmation.

I have an issue thou, i followed the activation mail sent to me, and ive already created a password, however, i'm unable to sign in. Is it that it takes some time before i'll be able to access my account or something is wrong somewhere?

lordnaruto:
just signed up with AXA Mansard now, It was quite easy , i did everything within 30 minutes, ive even transferred the money to their account, pending confirmation.

I have an issue thou, i followed the activation mail sent to me, and ive already created a password, however, i'm unable to sign in. Is it that it takes some time before i'll be able to access my account or something is wrong somewhere?

hias2012:


Interest rate and interest amount recapitalisation are two separate things entirely. However, a little knowledge of mathematics will show that different fund managers adopt different strategies to remain competitive. Think about this, one offers 12% today and puts the interest amount to work quarterly. Another pays interest at 11.5% and puts the interest amount to work weekly. Which of the two approaches would you prefer? You may need to do the math to know which of these two pays higher returns at the end of season. Looking at the interest rate alone will not answer that question. My advice, stick to one that best suits you, there is no point moving fund from one fund manager to another.

hias2012:


Interest rate and interest amount recapitalisation are two separate things entirely. However, a little knowledge of mathematics will show that different fund managers adopt different strategies to remain competitive. Think about this, one offers 12% today and puts the interest amount to work quarterly. Another pays interest at 11.5% and puts the interest amount to work weekly. Which of the two approaches would you prefer? You may need to do the math to know which of these two pays higher returns at the end of season. Looking at the interest rate alone will not answer that question. My advice, stick to one that best suits you, there is no point moving fund from one fund manager to another.

ajeleomo:


I did same and if i can remember correctly, the first link given you is for you to upload your KYC documents through the portal but that is not the monitoring platform for your account. When your payment is confirmed for your mutual money account, another link will be provided for you.

yak:
u won't miss anything. they'll calculate everything and pay u d interest

lordnaruto:

Thanks a lot

jujutom:
Most people don't talk about Stanbic IBTC Guaranteed Fund and when i checked the rates for the last 6months its been gud

Please please peeps who is doing Stanbic IBTC Guaranteed Fund, who knows about it well? Who can shred more light for me?

Tanks in anticipation

anori:


I have mentioned it before. GIF is definitely more consistent if not better than MMF. I rebalanced my portfolio to GIF.

mfonox:
Good day house,

i just registered for AXA mansard money market for about 2 weeks now.

i noticed that my the last day interest was added to my account is the 25th of october.

is anyone else experiencing this or knows the reason why?

Thank you

ernie4life:
The biggest problem we have on this thread is that everyone is focused on mmf whereas there are other mutual funds which at some point in time are performing better than mmf.

This thread is about mutual funds and mmf is just one out of so many.

Yem0350:

It was a general issue. Login now, all interest has been added up to-date including that of yesterday