Anyone have idea if zenith bank runs a mutual fund

C505:
Anyone have idea if zenith bank runs a mutual fund

They do.

pls can someone difrentiate between mutual funds and hedge funds for me

Wow! Redemption now so sweet on Stanbic MMF, i got credited within 3hrs of redeeming.

adurisas:
pls can someone difrentiate between mutual funds and hedge funds for me

Mutual funds involves buying an asset and making gains from it, hedge funds involve short selling assets and other forms of derivatives. They are much riskier and you can lose all your money and probably still owe more. What they have in similarity is they are both managed funds.

Hello all, I couldn't gain access to my account dashboard on FBNQuest online platform. The message displayed was "The active accounts linked to the user do not exist. Only limited features can be used. Contact the bank administrators for details."

What does this mean? Anyone experiencing this at the moment?

Many thanks.

Is anyone having problem with redeeming on Stanbic mutual fund.I have tried unsuccessfully for the past one week.The OTP refuses to come or it comes so late that it logs me out.
Please what do I do

seyisanya:
Hello all, I couldn't gain access to my account dashboard on FBNQuest online platform. The message displayed was "The active accounts linked to the user do not exist. Only limited features can be used. Contact the bank administrators for details."

What does this mean? Anyone experiencing this at the moment?

Many thanks.

It is a general technical issue. Wait till Monday

debostar:
Is anyone having problem with redeeming on Stanbic mutual fund.I have tried unsuccessfully for the past one week.The OTP refuses to come or it comes so late that it logs me out.
Please what do I do

OTP via SMS or email. Which one?

Both should be sent at the same time unless the network is bad on the recipient's phone.

Yem0350:

OTP via SMS or email. Which one?

First of all, that their app is network-sensitive. Hence, you want to consider moving to a place with better network reception.

debostar:
Is anyone having problem with redeeming on Stanbic mutual fund.I have tried unsuccessfully for the past one week.The OTP refuses to come or it comes so late that it logs me out.
Please what do I do

Okay. Thanks, Yemi.

Yem0350:

It is a general technical issue. Wait till Monday

seyisanya:
Okay. Thanks, Yemi.

You can now login now. I just did it

Yem0350:

For money market funds that I know about of which I have account with them (fbnquest, stanbic and mansard), the minimum holding period is 30days. Anytime after 30 days, you will be free to withdraw your money either in part or full without any charges.
As at Friday,
FBNquest: 13.66%
Mansard : 13.46%
I don't trust stanbic rate bcoz they credit a little below their displayed rate.
Based on this, these money market funds suit your taste

I saw that AXA charges 1.25% as management fee per annum. Is this on interest or capital or both?

emmasoft:

For AXA Mansard register online with your KYC attached and you are good to go. For Stanbic download form, complete and scan to them.
For payment you can transfer fund to their account and send evidence of payment for Mansard while you upload evidence of Payment from your account online for Stanbic

.

jayfierce:
I saw that AXA charges 1.25% as management fee per annum. Is this on interest or capital or both?

Any rates you see are net rates

Oga haf miss road o

pepe1:


Good idea to send someone there, but I would advise that the person starts from the Registrar's office.

From my interaction with them, it seems like the process goes like this:

1. WES email to Registrar's office.

2. Registry prints mail and sends to the Records office (Room . You can speed up this stage by visiting the Registrar's office immediately WES sent the email.

3. On receiving your payment, the Records office would pull out all your info and sends to your department, perhaps for endorsement or something. (This stage takes up to 30% of the process)

4. Your department goes through your info and reverts back to Room 8. (I still don't understand why this stage takes more than 60% of the entire verification process, though the speed varies depending on the department).

5. On receiving your file from your department, the Room 8 ladies would verify your documents and forward to the Registrar who will then send a reply to WES.

GonFreecss1:


Mutual funds involves buying an asset and making gains from it, hedge funds involve short selling assets and other forms of derivatives. They are much riskier and you can lose all your money and probably still owe more. What they have in similarity is they are both managed funds.

ok thanks

Yem0350:

Any rates you see are net rates

That's good. Will try them out this week. Thanks.

jayfierce:
I saw that AXA charges 1.25% as management fee per annum. Is this on interest or capital or both?

Where did you see this

hmmm, mutual fund

Good job all, I have read lovely post on mutual funds and I must say you guys simplified it and made it interesting for a beginning like me to want to invest in. The summary shows stanbicibtc, Axa Mansa and FBN has the best recommendations.
I just have some clarifications
1 for Axa Mansa Abacus is recommended
2 for Stanbic which is recommended?
3 for FBN which is recommended?
All the gurus pls help a learner like me �

I

ruffbob:
Good job all, I have read lovely post on mutual funds and I must say you guys simplified it and made it interesting for a beginning like me to want to invest in. The summary shows stanbicibtc, Axa Mansa and FBN has the best recommendations.
I just have some clarifications
1 for Axa Mansa Abacus is recommended
2 for Stanbic which is recommended?
3 for FBN which is recommended?
All the gurus pls help a learner like me �

Abacus is for investment-one

ruffbob:
Good job all, I have read lovely post on mutual funds and I must say you guys simplified it and made it interesting for a beginning like me to want to invest in. The summary shows stanbicibtc, Axa Mansa and FBN has the best recommendations.
I just have some clarifications
1 for Axa Mansa Abacus is recommended
2 for Stanbic which is recommended?
3 for FBN which is recommended?
All the gurus pls help a learner like me �

Abacus is not AXAmansard's, investment one owns abacus,

AXAmansard's mutual funds is called money market funds

Hello everyone please i need urgent loan for business, i am ready to pay back fully in less than 5 months and any interest of 10% monthly will be accepted would be accepted.. this is very important to me and i would be glad if someone is interested to assist.. also if it gets to the point of me breaking down my buisness plan to be able to get the loan would not be a problem and also going through my profile will give ideal of my buisness and also my sales feedback, thanks.




Please i am sorry to post this here...
But the intention is urgent and genuine.

Please i need some financial advise.
which is more preferable, stashing money into money market or stashing into treasury bill. Which would guaranty high yield annually.

mikylon:
Please i need some financial advise.
which is more preferable, stashing money into money market or stashing into treasury bill. Which would guaranty high yield annually.

It pays to do both because you could have an emergency for cash. MMF allows withdrawal without penalty after 30 days but TB must wait till maturity

Please what are the documents required to open money market fund with first bank and stanbic?

Hi Guys,

Please, can anyone direct me on how to make additional subscription on my Stanbic IBTC Money Market Fund account?

Would I make use of the Top-Up section on my dashboard? I am being directed to enter my debit card details and seems I would be charged an extra 100 naira on the 25K I want to transfer. I want to be sure I am using the right means.

Thank you.

Jonathan:
I
Abacus is for investment-one

Thank you
which is stanbicibtc and FBN?

emmy4lov:

Abacus is not AXAmansard's, investment one owns abacus,

AXAmansard's mutual funds is called money market funds

Jonathan:
I
Abacus is for investment-one

Thank you
Which is for stanbicibtc and FBN?

emmasoft:

It pays to do both because you could have an emergency for cash. MMF allows withdrawal without penalty after 30 days but TB must wait till maturity

thanks for the info., quite helpful for decision making