coolangel54:
I have 100,000 to invest in MMF but I'm currently in a dilemma. Should i use IBTC or Axa Mansard?

coolangel54:
I have 100,000 to invest in MMF but I'm currently in a dilemma. Should i use IBTC or Axa Mansard?

coolangel54:
Where are the branches of Axa mansard because I'm based in Asaba?

Ifelove1:
You can register online https://www.axamansard.com/myaxa/investment/money-market-fund/

coolangel54:

Registered. Thanks. How do I calculate my interest rate of 12.16? I read its an annual payment. Also, how do I view my daily growth (interest)?

coolangel54:
I have 100,000 to invest in MMF but I'm currently in a dilemma. Should i use IBTC or Axa Mansard?

dotcomnamename:
Can someone tell me the Maximum withdrawal from StanbicIBTC Mutual Fund? Both Online and Offline.

Apitch:

Online is 1m daily but for Offline, I think there's no limit

Adayoung:

Thanks

dotcomnamename:



Thanks. But they stated 2m, see attached.

Can i also ask this: Can i transfer money from my Stanbic Mutual Funds to someone else Stanbic Mutual Funds? If its possible then how long does it takes?

Yem0350:
Axa

MizyB:
Sir, your reasons please.

bryce1:


Depends on how you intend to run the MMF, would you be reinvesting monthly for that 10 year period or you just want to put in the 500k once and let it stay for 10 years

If you put in 500k once and leave it for 10years without monthly reinvesting at the end of 10years , going by an investment calculator, at interest rate of 11% you will get 1,494,575

But if you instead decide to make an initial deposit of 500k and you reinvest 20k everymonth for 10 years at 11% interest rate you will get #5,874,321 after 10years

Leaving this same amount for 20 years with monthly reinvestment of 20k will give you #21,938,969

The longer you invest,the higher the yield , rich people invest for the long term

Warren buffet didn’t become rich until he was 60 years old

dotcomnamename:



Thanks. But they stated 2m, see attached.

Can i also ask this: Can i transfer money from my Stanbic Mutual Funds to someone else Stanbic Mutual Funds? If its possible then how long does it takes?

Ifelove1:
12.16% is for 365 days/1 year
Your interest for one day is going to be 12.16/365 = 0.033%
Since you started with 100,000 you should expect 100,000 * 0.033/100 = 33naira. Thus, you should expect about 33 naira everyday at the current rate of 12.16%. If the rates go up, you will get more, if the rates go down, you will get less.

Yem0350:
1. Good customer service
2. Better rate
3. Fast redemption

jayfierce:
I am almost convinced to dump Stanbic. I need better rate and excellent customer service.

jayfierce:
You can do up to 2.5m if you increase your online redemption limit. You can gift your mutual funds to someone else.

jayfierce:
I am almost convinced to dump Stanbic. I need better rate and excellent customer service.

naijaobi:
All of una wey run from stanbic go still return..

naijaobi:
All of una wey run from stanbic go still return..

dotcomnamename:


Thanks. Can you explain how to increase redemption limit? And how to initiate transfer within Money Market Fund account with StanbicIBTC?

SamReinvented:
Hello guys,

I have a considerable amount of my funds with Stanbic MMF. I want to diversify a bit.... Does anyone here run the Guaranteed Investment Fund? Does it have higher yield than MMF. It sounds attractive from what I have read on their website, but I'd like a real comparison from someone who run both packages.