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Mutual Funds - Investment (173) - Nairaland

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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 lgboks(m): 8:22pm On Jul 04, 2019
@ulrich01
Here you go
Re: Mutual Funds by lgboks(m): 8:22pm On Jul 04, 2019
ulrich01
Re: Mutual Funds by Nobody: 8:36pm On Jul 04, 2019
brane:
Hello Everyone,

Pls can someone state the custodian fees (%) for the following money market fund investment entities:

- FBNQUEST
- Stanbic
- AXA
- ARM

Thanks and stay blessed.

Asked same question, but no response save for the AXA guy.
Re: Mutual Funds by olujaidi: 6:16am On Jul 05, 2019
brane:
Hello Everyone,

Pls can someone state the custodian fees (%) for the following money market fund investment entities:

- FBNQUEST
- Stanbic
- AXA
- ARM

Thanks and stay blessed.

You do realise you can reach out the customer service of these fund managers. You can also download their prospectuses

1 Like

Re: Mutual Funds by boron10(m): 7:42am On Jul 05, 2019
Has anyone noticed that FBNquest (Money market Fund) are yet to credit us with yesterday's interest?
Re: Mutual Funds by deleson: 11:42am On Jul 05, 2019
A lot is wrong with FBN and its MMF.
Re: Mutual Funds by Deknight45: 1:26pm On Jul 05, 2019
Daily Price List for Mutual Funds below ;

Re: Mutual Funds by temi4fash(m): 1:51pm On Jul 05, 2019
Deknight45:
Daily Price List for Mutual Funds below ;

Hello Bro,
Many thanks for this.
The document is not clear. Can you help with a link or something?
Re: Mutual Funds by emmasoft(m): 2:12pm On Jul 05, 2019
temi4fash:


Hello Bro,
Many thanks for this.
The document is not clear. Can you help with a link or something?

http://fman.com.ng/mutual-fund-price-list/#
Re: Mutual Funds by kryptem: 5:00pm On Jul 05, 2019
How long does it take for one to be verified on FBN EDGE APP. For the past 48hours, nothing yet and I even sent mail yet no response.

Very unprofessional of such entity!
Re: Mutual Funds by reservd(m): 7:44pm On Jul 05, 2019
kryptem:
How long does it take for one to be verified on FBN EDGE APP. For the past 48hours, nothing yet and I even sent mail yet no response.

Very unprofessional of such entity!
Verified as how, did u just download the app or wat? There wasn't any delay when I was installing the app. I don't think the app is working at the moment though one can log in but there hasnt been updates since yesterday, figures had remained unchanged since Wednesday's update
Re: Mutual Funds by opomulero(m): 8:35pm On Jul 05, 2019
please whos using investment one here, what is wrong with them, they haven't credited any interested for this month and there quarterly update
Re: Mutual Funds by Umarzy(m): 8:42pm On Jul 05, 2019
Please, who knows how Stanbic IBTC Money Market Fund calculate their value of investment They said it's the number of units held X current bid price per unit. I saw Money Market Yield= 12.7 on the website and i saw Bid price =N1.00 Under Fund Price on their app...Someone should please help?
Re: Mutual Funds by paulcr7: 9:09pm On Jul 05, 2019
Please what are the best performing mutual funds you can recommend for a newbie that provides online registration without need for physical presence at the organisation?
Re: Mutual Funds by gold360(m): 9:37pm On Jul 05, 2019
Please I want to put in 200k for 30 days fixed deposit, most commercial banks are saying I will get a 6 percent interest.
Can some please help me and calculate what 6 percent represents here. Thanks
Re: Mutual Funds by Umarzy(m): 9:53pm On Jul 05, 2019
gold360:
Please I want to put in 200k for 30 days fixed deposit, most commercial banks are saying I will get a 6 percent interest.
Can some please help me and calculate what 6 percent represents here. Thanks

N12k
Re: Mutual Funds by emmasoft(m): 10:54pm On Jul 05, 2019
opomulero:
please whos using investment one here, what is wrong with them, they haven't credited any interested for this month and there quarterly update
Work is going on on the accounts. Everything is okay, Be sure all your entitlement are intact. if you opt for reinvestment it take effect from 1st of July. don't worry.
Re: Mutual Funds by emmasoft(m): 11:47pm On Jul 05, 2019
Umarzy:


Ok. Thanks. Help me with this :

Please, who knows how Stanbic IBTC Money Market Fund calculate their value of investment They said it's the number of units held X current bid price per unit. I saw Money Market Yield= 12.7 on the website and i saw Bid price =N1.00 Under Fund Price on their app...Someone should please help?
what you saw are two different things. Bid price is the quoted price of any MMF. For most MMF if not all their price is always same either N1 or N100. You are correct- your value is bid price multiply by number of units. The 12.7% is the rate (interest you get on the value of your fund. Though it's per annum, it's usually scaled down to a daily rate which means each daily rate on the value of your fund will be 12.7/365. I hope this help
Re: Mutual Funds by gold360(m): 2:32am On Jul 06, 2019
Umarzy:


N12k
many. Thanks... Please how to you. Arrive at this figure? Thanks
Re: Mutual Funds by Umarzy(m): 6:36am On Jul 06, 2019
gold360:
many. Thanks... Please how to you. Arrive at this figure? Thanks

The 12k is per annum. That's what you get after one year. =6/100 X N200k
Re: Mutual Funds by Umarzy(m): 6:38am On Jul 06, 2019
emmasoft:

what you saw are two different things. Bid price is the quoted price of any MMF. For most MMF if not all their price is always same either N1 or N100. You are correct- your value is bid price multiply by number of units. The 12.7% is the rate (interest you get on the value of your fund. Though it's per annum, it's usually scaled down to a daily rate which means each daily rate on the value of your fund will be 12.7/365. I hope this help

Yeah. I have understood fully now. Thanks.
Re: Mutual Funds by kryptem: 7:48am On Jul 06, 2019
reservd:

Verified as how, did u just download the app or wat? There wasn't any delay when I was installing the app. I don't think the app is working at the moment though one can log in but there hasnt been updates since yesterday, figures had remained unchanged since Wednesday's update


Yes, I just downloaded the app. Done the registration and sent my documents for KYC. For days now, nothing has changed but I can only log in and receive their notification on phone.

Thanks for your response. I am patient though. Hopefully by next week they respond and I know my status on the KYC verification.
Re: Mutual Funds by Umarzy(m): 11:04am On Jul 07, 2019
Good Morning here. Is the Mutual fund interest particularly stanbic ibtc not meant to be increasing on a daily basis?
Re: Mutual Funds by temi4fash(m): 11:41am On Jul 07, 2019
Wats wrong with FBN MMF.. They have not uploaded their interest rate for some days now
Re: Mutual Funds by Dontbeagroupie(m): 12:31pm On Jul 07, 2019
Good day
Please I'm new to the real life mutual funds even though I've encountered them in courses like Business finance and Strategic Financial Management.
Can someone please put me through in a summary?!
The lowest amount I can invest?!
The requirement??
And everything a beginner and your brother should know before venturing in!!

Thanks in anticipation.
Re: Mutual Funds by igbizen(m): 6:48pm On Jul 07, 2019
Does stanbic ibtc money market deduct a % from ur capital if you withdraw before 30days?
Re: Mutual Funds by freeman67: 8:09pm On Jul 07, 2019
gold360:
Please I want to put in 200k for 30 days fixed deposit, most commercial banks are saying I will get a 6 percent interest.
Can some please help me and calculate what 6 percent represents here. Thanks

Since you said fixed deposit you talk enquired about... Your interest for 200k @ 6% is 986.3 - 10%VAT = N887.7

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