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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1007149 Views)
Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)
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Re: Mutual Funds by MrHighSea: 5:41am On Apr 02, 2019 |
kendsage:Seconded. |
Re: Mutual Funds by Lxdd: 7:21am On Apr 02, 2019 |
Olonseh: I also deposited on Axa on Friday, haven't been credited too.. |
Re: Mutual Funds by GonFreecss1: 7:26am On Apr 02, 2019 |
kendsage: United Capital rates were okay too, especially in the last month of Q1. |
Re: Mutual Funds by amaham(m): 8:08am On Apr 02, 2019 |
Lxdd:Pls I advise people not to invest on Fridays because of the on coming weekend and the inability to reach any customer service .my humble opinion to prevent extra anxiety 1 Like |
Re: Mutual Funds by brane: 11:10am On Apr 02, 2019 |
Has anyone tried online redemption with FBNQuest mmf via their app? How was it? Is it like Stanbic? 1 Like |
Re: Mutual Funds by dammybrite: 11:14am On Apr 02, 2019 |
Kindly send them an email. That should solve the problem. Olonseh: |
Re: Mutual Funds by usaration: 11:27am On Apr 02, 2019 |
GonFreecss1:hello,I bought 1000 shares with first registers at 33 naira per share in 2007,please how much is it worth in today's value? ..thank you |
Re: Mutual Funds by GonFreecss1: 11:47am On Apr 02, 2019 |
usaration: The share of what did you buy? |
Re: Mutual Funds by Olonseh: 12:14pm On Apr 02, 2019 |
dammybrite: Thanks, I sent them an Email yeterday morning but I'm yet to get any feedback. |
Re: Mutual Funds by Akerewe(m): 12:16pm On Apr 02, 2019 |
amaham:I did my own top-up on Monday 1-4-19 early in d morning and up till now it has not bn remitted to my stanbic mmf platform after sending various mails and calls. I just call dem now to remind dem nd I was told it has bn remitted. |
Re: Mutual Funds by jslimz(f): 1:25pm On Apr 02, 2019 |
Olonseh: Same happened to me with AXA Mansard, an E-mail and some days resolved the issue. Exercise a lil more patience. |
Re: Mutual Funds by damsolyn: 1:47pm On Apr 02, 2019 |
Can you teach me how to go about the mutual fund stuff |
Re: Mutual Funds by eddyakinrinde(m): 2:30pm On Apr 02, 2019 |
kendsage: So pls guys what happens now that we just finish a quarter, is it time for the investment house add the previously earned interest to the capital and reinvest or wot time exactly will they do that? |
Re: Mutual Funds by lakesguy(m): 3:26pm On Apr 02, 2019 |
Fbnquest rocks 3 Likes |
Re: Mutual Funds by DBestDoc(f): 5:21pm On Apr 02, 2019 |
eddyakinrinde: They'll add the accrued interest to your original capital and reinvest all if you chose the reinvest option while opening the account. 1 Like |
Re: Mutual Funds by Yem0350: 5:25pm On Apr 02, 2019 |
brane:Yes. I have tried it |
Re: Mutual Funds by 234ng44uk(m): 5:36pm On Apr 02, 2019 |
kendsage: I'm disappointed with ARM, they pay 1% lower than the rate on their website. 1 Like |
Re: Mutual Funds by emmas2k570(m): 7:24pm On Apr 02, 2019 |
brane: Their online redemption is worst.... I applied for 60k redemption since April 1st and up till this very time I'm yet to be credited...... I had to send them a nasty mail comparing them with AXA Mansard and Stanbic
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Re: Mutual Funds by Nobody: 7:56pm On Apr 02, 2019 |
Hello all, After following this thread for a while, I downloaded the Stanbic app and opened a mutual fund account with 5k. I've been sent my log in details which I used to login. I've noticed that my daily interest is #1.66 which is rather disappointing. Please can someone help me do the math? Thank you. |
Re: Mutual Funds by brane: 8:24pm On Apr 02, 2019 |
Yem0350: How long did it take to credit your account? Someone is already complaining. |
Re: Mutual Funds by brane: 8:28pm On Apr 02, 2019 |
emmas2k570: That's not encouraging at all. It's giving a wrong signal to intending investors. Let's see how it goes. Please update us. |
Re: Mutual Funds by Yem0350: 8:31pm On Apr 02, 2019 |
brane:Same day or next day |
Re: Mutual Funds by Yem0350: 8:40pm On Apr 02, 2019 |
emmas2k570:I guess delay was due to the end of the quarter. By tomorrow, you should get your fund. However, what mode of redemption did you used? |
Re: Mutual Funds by brane: 8:52pm On Apr 02, 2019 |
Yem0350: Good to know. The worried man should relax. Perhaps some in-house bookkeeping is ongoing. My accrued interest is still zero. |
Re: Mutual Funds by Beeps: 10:12pm On Apr 02, 2019 |
It takes 3 to 5 business days emmas2k570: 1 Like |
Re: Mutual Funds by Beeps: 10:16pm On Apr 02, 2019 |
The best way for topping up FBNQuest account is to transfer money to their account number sent to you when you first registered. Then take a screen shot and send mail to their customer care as well as the person who sent you initial mail and those copied emmas2k570: |
Re: Mutual Funds by kendsage(m): 10:44pm On Apr 02, 2019 |
eddyakinrinde:It depends on the instruction given to them at the point of opening MMF account. FBN has cleared the accrued interest for individuals that indicated "pay dividend at the end of the quarter". Very soon they will receive the alert of their dividend into the account number provided. While those who chose " reinvest dividend" will have their accrued dividend rolled over and reinvested with initial capital. 1 Like 1 Share |
Re: Mutual Funds by kendsage(m): 10:50pm On Apr 02, 2019 |
Beeps: Seconded. With FBN you have to follow instructions to the letter. Whenever you make a transfer, ensure that you reference your MMF account number on the transfer form. Then scan it and send as a mail to their customer service. I prefer to use the same mail trail at the initial account opening period. |
Re: Mutual Funds by kendsage(m): 11:02pm On Apr 02, 2019 |
234ng44uk: FBNQUest pays exactly the rate displayed on their website on a daily basis. NO MAGOMAGO 3 Likes |
Re: Mutual Funds by 234ng44uk(m): 2:06am On Apr 03, 2019 |
Butterscotch92: 1.66×100×365÷5,000 =12.11% Not bad. 1 Like |
Re: Mutual Funds by 234ng44uk(m): 2:13am On Apr 03, 2019 |
kendsage: Thanks for your response. Can you confirm their present rate? Do they have an app? |
Re: Mutual Funds by Olonseh: 6:30am On Apr 03, 2019 |
Hi everyone, I just checked stanbic's rate for yesterday 2/4/2019 and it stated 13.04% but I was paid 12.14%. Is their an explanation for this? Who else has observed this disparity between rates stated and rates paid? I don't even know if this has been the practice or just a glitch as I've never bothered to check. PS : My top was eventually credited yesterday but was not backdated to Friday even after confirmation from one of their reps that fund was received that same friday. I'm beginning to have second thoughts about stanbic, maybe it's time to try out other investment houses. 1 Like |
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