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Re: Mutual Funds by ernie4life(m): 4:23pm On Jan 14, 2019
austine4real:


pls sir I want to open investment one I account but don't know which to choose I'm seeing abacus ,HIV vgfi etc pls put me through


Abacus is the mmf and I think it's what you are looking for.
Re: Mutual Funds by michael18(m): 9:17pm On Jan 14, 2019
I gats this quiz,hope I don't derail......
can anyone in the house please give me an insight on FBN Heritage fund and if its a go to buy. Thanks
Re: Mutual Funds by AbbyE: 9:41pm On Jan 14, 2019
Two liquidation requests, did Stanbic first . Guess which one came first and which one hasn't come ?
Re: Mutual Funds by xcitedjay(m): 7:42am On Jan 15, 2019
AbbyE:
Two liquidation request, did Stanbic first . Guess which one came first and which one hasn't come ?

Definitely the AXA Mansard.

3 Likes

Re: Mutual Funds by emmasoft(m): 7:58am On Jan 15, 2019
austine4real:


pls sir I want to open investment one I account but don't know which to choose I'm seeing abacus ,HIV vgfi etc pls put me through

Choose Abacus. at investment one their money market fund is called Abacus Money Market Fund hence we have the abbreviation AMMF

1 Like

Re: Mutual Funds by coolangel54(f): 8:27am On Jan 15, 2019
[/b]Always Axa[b]
AbbyE:
Two liquidation requests, did Stanbic first . Guess which one came first and which one hasn't come ?
Re: Mutual Funds by ernal(m): 8:28am On Jan 15, 2019
Update on ARM Discoveryfund: I was told that register took 2 week to confirm my signature and i was suppose to be paid yesterday, i called this morning and they told me they don't have the price to pay me for the units am redeeming that they only have price from 4th of January or so. Please anyone had any luck redeeming through ARM discovery fund. The worst service i have ever received and please DO NOT INVEST IN THEIR AGGRESSIVE FUND.

This is now the third week battling ARM for a token amount to redeem. I have now asked for my accounts to be closed but still they won't send me forms to close down my account.
Re: Mutual Funds by AbbyE: 9:41am On Jan 15, 2019
xcitedjay:


Definitely the AXA Mansard.

Axa came yesterday morning , Stanbic is still pending till now
Re: Mutual Funds by emmy4lov(m): 11:02am On Jan 15, 2019
Just a quick question,

Is it right to speed ones investment. I'm presently have some investment with AXAmansard's and SFS capital, all mutual funds And I'm considering opening another Account with a different company
Re: Mutual Funds by ernie4life(m): 1:39pm On Jan 15, 2019
emmy4lov:
Just a quick question,

Is it right to speed ones investment. I'm presently have some investment with AXAmansard's and SFS capital, all mutual funds And I'm considering opening another Account with a different company

if you don't mind the stress of managing and monitoring them all then its fine

1 Like

Re: Mutual Funds by SamReinvented: 2:02pm On Jan 15, 2019
From what I've been reading recently, seems investmentone offers the best rates. I currently use stanbic....should I start porting? angry angry
Re: Mutual Funds by michael18(m): 2:10pm On Jan 15, 2019
please, I still need an answer to how good FBN heritage fund is plus anybody that used/using it should please share their insight. Thanks
Re: Mutual Funds by Desanta(m): 2:43pm On Jan 15, 2019
michael18:
please, I still need an answer to how good FBN heritage fund is plus anybody that used/using it should please share their insight. Thanks
Dividend is not paid regularly.
The last payment was in December 2017.
However, the value of your investment increases with time.
Re: Mutual Funds by Dfavouredone: 7:01pm On Jan 15, 2019
Desanta:

Dividend is not paid regularly.
The last payment was in December 2017.
However, the value of your investment increases with time.

What do you mean by divided is not paid regularly?

Interest in their Abacus MMF accumulates daily and they reinvest the accumulated interest automatically every quarter. They reinvest my interest on Jan 1st 2019 as at the last count.

And don't be undermine them because the interest is reinvested quarterly o, because that their quarterly reinvest still ends up giving me more total interest compare to IBTC who claim reinvest interest weekly.

I have been with both for more than 6 months, so i know what i am saying.
Re: Mutual Funds by Desanta(m): 7:19pm On Jan 15, 2019
Dfavouredone:


What do you mean by divided is not paid regularly?

Interest in their Abacus MMF accumulates daily and they reinvest the accumulated interest automatically every quarter. They reinvest my interest on Jan 1st 2019 as at the last count.

And don't be undermine them because the interest is reinvested quarterly o, because that their quarterly reinvest still ends up giving me more total interest compare to IBTC who claim reinvest interest weekly.

I have been with both for more than 6 months, so i know what i am saying.


I was talking about FBN heritage fund.
Re: Mutual Funds by michael18(m): 7:38pm On Jan 15, 2019
Desanta:
Dividend is not paid regularly. The last payment was in December 2017. However, the value of your investment increases with time.
Thanks for the reply and Answer. really appreciate
Re: Mutual Funds by silentone: 8:03pm On Jan 15, 2019
[color=#000099][/color][quote][please what is SFS and FIF?? ][quote author=ajeleomo post=74441516]

This is not as you see it, I had spoken with a representative of Afrinvest and their interest displayed is not same as how MMF interest are being calculated. You need to contact them for a better understanding as your interest is based on the difference between your entry and closing price.

I have just receieved a breakdown of interest from SFS FIF as shown below for the month of december 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%
[Please what is SFS and FIF]
Re: Mutual Funds by silentone: 8:07pm On Jan 15, 2019
please what is SFS and FIF?
ajeleomo:


This is not as you see it, I had spoken with a representative of Afrinvest and their interest displayed is not same as how MMF interest are being calculated. You need to contact them for a better understanding as your interest is based on the difference between your entry and closing price.

I have just receieved a breakdown of interest from SFS FIF as shown below for the month of december 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%
Re: Mutual Funds by GonFreecss1: 5:20am On Jan 16, 2019
Dfavouredone:


What do you mean by divided is not paid regularly?

Interest in their Abacus MMF accumulates daily and they reinvest the accumulated interest automatically every quarter. They reinvest my interest on Jan 1st 2019 as at the last count.

And don't be undermine them because the interest is reinvested quarterly o, because that their quarterly reinvest still ends up giving me more total interest compare to IBTC who claim reinvest interest weekly.

I have been with both for more than 6 months, so i know what i am saying.

Do you do their Vantage Guaranteed Income Fund? I think that one has the best performance till date.

1 Like 1 Share

Re: Mutual Funds by ovenbake: 11:18am On Jan 16, 2019
Quick question biko. How do you do subsequent credits to the fbn mutual funds? Is there an app on playstore to manage and see your funds as well as credit additional funds? Thanks
Re: Mutual Funds by Yem0350: 12:03pm On Jan 16, 2019
ovenbake:
Quick question biko. How do you do subsequent credits to the fbn mutual funds? Is there an app on playstore to manage and see your funds as well as credit additional funds? Thanks
There is an app for it called FBN Edge

1 Like

Re: Mutual Funds by emmasoft(m): 12:21pm On Jan 16, 2019
ovenbake:
Quick question biko. How do you do subsequent credits to the fbn mutual funds? Is there an app on playstore to manage and see your funds as well as credit additional funds? Thanks
Yes there is FBN EDGE app download it. however you pay charges if you are using it. what i do is: simply transfer to the given account number and send them mail showing evidence of fund transfer and the will credit your fund account. They have different accounts for their different funds. send mail to them requesting for the account of the fund you are interested in
Re: Mutual Funds by Ias1: 1:24pm On Jan 16, 2019
emmasoft:

Yes there is FBN EDGE app download it. however you pay charges if you are using it. what i do is: simply transfer to the given account number and send them mail showing evidence of fund transfer and the will credit your fund account. They have different accounts for their different funds. send mail to them requesting for the account of the fund you are interested in
you mean FBNQuest charges anytime we use the app or when we use it to top up?
Re: Mutual Funds by emmasoft(m): 1:49pm On Jan 16, 2019
Ias1:
you mean FBNQuest charges anytime we use the app or when we use it to top up?
top up Because third part is involved (digital payment platforms)
Re: Mutual Funds by Ias1: 1:57pm On Jan 16, 2019
emmasoft:

top up Because third part is involved (digital payment platforms)
ook, thanks
Re: Mutual Funds by ovenbake: 2:06pm On Jan 16, 2019
emmasoft:

Yes there is FBN EDGE app download it. however you pay charges if you are using it. what i do is: simply transfer to the given account number and send them mail showing evidence of fund transfer and the will credit your fund account. They have different accounts for their different funds. send mail to them requesting for the account of the fund you are interested in

Thanks
Re: Mutual Funds by emmy4lov(m): 6:09pm On Jan 16, 2019
AXAmansard's just hit 12.99%

Re: Mutual Funds by Dfavouredone: 6:29pm On Jan 16, 2019
Desanta:



I was talking about FBN heritage fund.


OK.
Re: Mutual Funds by Dfavouredone: 6:31pm On Jan 16, 2019
GonFreecss1:


Do you do their Vantage Guaranteed Income Fund? I think that one has the best performance till date.

No, it's Abacus MMF I have with them.

How is the rate of their Vantage Guaranteed Income Fund.
Re: Mutual Funds by alezzy13: 6:35pm On Jan 16, 2019
GonFreecss1:


Do you do their Vantage Guaranteed Income Fund? I think that one has the best performance till date.

I've wondered the same thing. I checked thier site and both VGIF and abacus, according to them, offer capital preservation, however the former seem to have better rates. But Abacus seems to be more popular

I suspect it has to do with the proportion allocated to fixed securities or equities. Unlike stanbic, they don't give a detailed breakdown of the percentage that will go into the various instruments.

I'll appreciate the view of other investors

Cc
Emmasoft
Ernie4life
Re: Mutual Funds by alezzy13: 6:49pm On Jan 16, 2019
Dfavouredone:


No, it's Abacus MMF I have with them.

How is the rate of their Vantage Guaranteed Income Fund.

When I last checked, abacus is about 12.9% while VGIF is 15.7%
Re: Mutual Funds by GonFreecss1: 7:56pm On Jan 16, 2019
Dfavouredone:


No, it's Abacus MMF I have with them.

How is the rate of their Vantage Guaranteed Income Fund.

Currently over 15%, it has been kinda consistent over the years to be honest.

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