user4321:
Investment one is running me local now... and the thing is paining my souls seriously..... I ported from Abacus to VGIF, this people emptied by abacus account, and left the VGIF empty, over two weeks now, and they are playing me back and forth. Now I want to remove all my money, hope they dont tell me stories ooh. They say young people should invest for their future, now I have tried, these Investment one people are making me rue the day,I made that transfer to their account.
Hope AXA isn't this terrible, because once I get my money, i'm running away with my eyes closed.

You never know those people... If I talk now.. It will seem that I want to run down their business but we have to still say it for others to learn... I had to make one wrong comment on one of their post on twitter before they agree to release my VDF last week after two weeks ooo.. Then all I got as interest for on $1,000 for over 8 months of that investment was $1.8....

user4321:
Investment one is running me local now... and the thing is paining my souls seriously..... I ported from Abacus to VGIF, this people emptied by abacus account, and left the VGIF empty, over two weeks now, and they are playing me back and forth. Now I want to remove all my money, hope they dont tell me stories ooh. They say young people should invest for their future, now I have tried, these Investment one people are making me rue the day,I made that transfer to their account.
Hope AXA isn't this terrible, because once I get my money, i'm running away with my eyes closed.

Am with AXA and they seem very good although I just started with 6m recently, wanna know how they do things before continuing.

freeman67:


You never know those people... If I talk now.. It will seem that I want to run down their business but we have to still say it for others to learn... I had to make one wrong comment on one of their post on twitter before they agree to release my VDF last week after two weeks ooo.. Then all I got as interest for on $1,000 for over 8 months of that investment was $1.8....

1.8? Jixox! Nawa o.

All this investment banks sha.

FBN really needs to step up their game as regards their system......

I transferred 50k to my FBN MMF since 27th march and its yet to reflect in my account.

I was like how about my interest since the day i made payment will it be added once the payment reflects she said she wasn't sure that she will get back to me soon.

Lmao....
When I said that Stanbic remains the best, some people here wanted to break my head..

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2) Others

Axa Mansard MMF is very ok.

needful:


Am with AXA and they seem very good although I just started with 6m recently, wanna know how they do things before continuing.

emmas2k570:
FBN really needs to step up their game as regards their system......

I transferred 50k to my FBN MMF since 27th march and its yet to reflect in my account.

I was like how about my interest since the day i made payment will it be added once the payment reflects she said she wasn't sure that she will get back to me soon.

Did you
1. Send proof of payment to them
2. Use your customer ID no as reference during transfer

I opened 3 mmf accounts recently; United capital, Axa mansard and Investment one. To me United capital is the best so far of the three, followed closely by Axa mansard. Im still thinking seriously about Investment one. I so much love United capital though, their customer service, ease of funding account and daily interest. I also plan to open with FBN and Stanbic soon

emmas2k570:
FBN really needs to step up their game as regards their system......

I transferred 50k to my FBN MMF since 27th march and its yet to reflect in my account.

I was like how about my interest since the day i made payment will it be added once the payment reflects she said she wasn't sure that she will get back to me soon.

Your interest will count. I had similar experience. I send mail see their reply:
Dear Sir,



Thank you for your feedback.



Our sincere apologies for any inconveniences experienced.



Please note that your funds have been unitized accordingly.



However, we are currently experiencing a system downtime which is why it is yet to reflect on your statement.



Be rest assured that your investment with us is safe and will get same day value for your most recent payments.



All hands are on deck to rectify the glitch and we will revert with an updated statement of unit holding once done.



Thank you for choosing FBNQuest Asset Management.



Kind regards,



Samuel Yisau



Samuel​ Yisau

CCU

+234 (1) 279 8300

+234--802-221-4060

samuel.yisau@fbnquestmb.com

FBNQuest Asset Management Ltd.

10 Keffi Street

S.W. Ikoyi, Lagos



Nigeria

eddyakinrinde:
I opened 3 mmf accounts recently; United capital, Axa mansard and Investment one. To me United capital is the best so far of the three, followed closely by Axa mansard. Im still thinking seriously about Investment one. I so much love United capital though, their customer service, ease of funding account and daily interest. I also plan to open with FBN and Stanbic soon

You are a strong man ooh to be able to manage all these accounts. I find it difficult to check my single account every other day.

eddyakinrinde:
I opened 3 mmf accounts recently; United capital, Axa mansard and Investment one. To me United capital is the best so far of the three, followed closely by Axa mansard. Im still thinking seriously about Investment one. I so much love United capital though, their customer service, ease of funding account and daily interest. I also plan to open with FBN and Stanbic soon

What is your average daily yield on these accounts for the month of March?

234ng44uk:


What is your average daily yield on these accounts for the month of March?

Ok I only spread about 2.5m across the three funds, 1.8m on united capital, Axa 250k and Investment one 200k plus too. I have my reasons for putting much in United capital.
I decided to move around 2.5m from my matured tbill to Mmf so as to diversify a bit.
On the question, united capital use to post average between 730 and 750naira daily. Axa between 80 and 100naira daily, same with investment one.

Desanta:


You are a strong man ooh to be able to manage all these accounts. I find it difficult to check my single account every other day.

My brother I created time oo as I do all my investment now consciously and carefully, I have investment goals and target to grow my capital by Dec 31st. Then by next year I will decide another target for next year. I log in into these mobile apps frequently to check what's happening. Pls don't blame me jare.

GonFreecss1:
So I saw everyone arguing about the Money market funds the best firm with the best rates, people mention Stanbic, some Arm, some Axa mansard... you are all wrong!

The firm with the best money market rate out there consistently is FBN Quest!

And they have one of the cheapest, if not the cheapest management fees.

The current firm with the best money market rate now is United Capital, followed by FBN quest I think.

I had to modify this, the investment house with the best and consistent money market rate is actually Stanbic IBTC, theirs have been consistently high, but the reason I think FBN quest is better are the fees, Stanbic charges more and this will affect your overall return.

Do you still maintain this position?

eddyakinrinde:


Ok I only spread about 2.5m across the three funds, 1.8m on united capital, Axa 250k and Investment one 200k plus too. I have my reasons for putting much in United capital.
I decided to move around 2.5m from my matured tbill to Mmf so as to diversify a bit.
On the question, united capital use to post average between 730 and 750naira daily. Axa between 80 and 100naira daily, same with investment one.

I must confess that united capital appears to be doing extremely well. You will need to have 2.1m to get 700 naira from stanbic.

Desanta:

I must confess that united capitam appears to be doing extremely well. You will need to have 2.1m to get 700 naira from stanbic.

If their redemption process is easy, i won't mind opening an account with them.

234ng44uk:


Do you still maintain this position?

I actually still maintain this position.

I did the average of money market fund rates over the years till date, and Stanbic MMF was the clear winner. This is because they had over 17% in annual Money market rates 2 years in a row (2016 and 2017). Followed closely by FBN quest. United Capital too is quite cool. Their redemption is also fast too.

Also there was once an argument about Stanbic MMF vs GIF, the verdict was GIF right?, we were all wrong! Stanbic MMF has beaten GIF over time, even FBN MMF beat Stanbic GIF over time. Though if you begin to calculate from 2016, it will seem GIF is better, all you have to do is look at years back, there were some years GIF had rates as low as 4%! So those doing GIF should know this and be careful.

Also, there was a year United Capital Bond fund did 28% (2017).

I have used and researched many Mutual funds and MMF, Stanbic, FBN quest and United Capital though have their cons are one of the best out there.

United Capital is so good, you can monitor all your investments in one account, from money market, to euro bond fund, even the stock market (equity), you can even create a will too.

FBN quest has technological issues but their charges are one of the lowest out there.

Stanbic is well Stanbic. A class on their own, best MMF so far hands down, in terms of average annual rate. I will still do my research and all and update you all, but this is it for now.

But best MMF annual rate over time is Stanbic, followed closely by FBN quest, this year will determine if FBN will unseat Stanbic though (I think they actually might as rates seen so far this year).

Good p.m to all the gurus, please we that don't have big money yet and which to start something that will latter help us grow, how much is the minimum cash that can be use to do the mutual fund stuff..can 30k start anything....thanks .

damsolyn:
Good p.m to all the gurus, please we that don't have big money yet and which to start something that will latter help us grow, how much is the minimum cash that can be use to do the mutual fund stuff..can 30k start anything....thanks .

I just started too, with 2k on Axa Mansard.

Good day everyone, i am really glad to be part of what is happening here. I don't know how much i would have pay to learn what i have learned here for free..Thanks all
I will be opening a MMF with Stanbic tomorrow but before that i want clarification on 3 things
1. Can i top-up my investment anytime?
2. Can i withdraw my investment anytime?
3. What is the minimum or maximum amount i can add to my anytime?

Febo:
Good day everyone, i am really glad to be part of what is happening here. I don't know how much i would have pay to learn what i have learned here for free..Thanks all
I will be opening a MMF with Stanbic tomorrow but before that i want clarification on 3 things
1. Can i top-up my investment anytime?
2. Can i withdraw my investment anytime?
3. What is the minimum or maximum amount i can add to my anytime?

See response below.

Febo:
Good day everyone, i am really glad to be part of what is happening here. I don't know how much i would have pay to learn what i have learned here for free..Thanks all
I will be opening a MMF with Stanbic tomorrow but before that i want clarification on 3 things
1. Can i top-up my investment anytime?
2. Can i withdraw my investment anytime?
3. What is the minimum or maximum amount i can add to my anytime?

1) Yes
2) Anytime after 30 days.
3) Minimum of 5K. No maximum.

Desanta:

1) Yes
2) Anytime after 30 days.
3) Minimum of 5K. No maximum.

Thanks a lot for your response

Desanta:

1) Yes
2) Anytime after 30 days.
3) Minimum of 5K. No maximum.

Thanks a lot for your response

I just started too, with 2k on Axa Mansard......where and how do I go about this one.......also how do I go about that of the stanbic ibtc.......much thanks to you all.

Please guys, I want to know if these funds managers use simple or compound interest in calculating profits. Thanks

eddyakinrinde:
I opened 3 mmf accounts recently; United capital, Axa mansard and Investment one. To me United capital is the best so far of the three, followed closely by Axa mansard. Im still thinking seriously about Investment one. I so much love United capital though, their customer service, ease of funding account and daily interest. I also plan to open with FBN and Stanbic soon

only you want to have account in all the investment house.

Fortune19:


only you want to have account in all the investment house.

Na your money? Looooooooool

A beg leave the guy.....everyone has what works for him/her

It's compounded I guess, as the accrued interest is added to your principal to yield more interest.

netzro:
Please guys, I want to know if these funds managers use simple or compound interest in calculating profits. Thanks

It's compounded I guess, as the accrued interest is added to your principal to yield more interest.

Good evening house, please has anyone had to wait for 48 hours or more after initiating additional subscription on stanbic mmf before the transaction value hits their account? I did on friday before the 12 noon cut of time and I'm yet to get value for that transaction as I write. I also observed that the accrued interest over the weekend (Sat and Sun) was not added to my balance on monday as against the usual practice. Anyone with such experience should please drop a word or two. Thanks.

I clear observation of MMF rates of Stabic, Investment one, ARM and Axa shows that FBN had higher rates this quarter (from January to March 2019) averaging above 14%. I have not really monitored United capital but will do so this 2nd quarter.