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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 Eddee(m): 5:36pm On Jul 03, 2020 |
gold360: Long post alert Pardon me, my finance is rusty but let me try. If you borrow #708,508 from a "loan firm" for three years and you're expected to pay #239,372 in interest for those years, your stated interest rate is almost 34%. Here's the calculation: E.R on a S.I Loan = Interest/Principal = #239,372/#708,508 = 33.7% A monthly payment of #26,330.70 means your loan's annual interest rate is close to 20% In 3 years? 33.7% interest is on the high side, because of the 3 year tenor - this is quite understandable from the loan firm's perspective. The true position is that this loan's collateral is largely dependent on you earning your keep for the next 3 years even though this is not explicitly stated in the signed terms! Read more or walk into a proper bank and ask the account officer to explain the marginal cost of lending rate. You see, when it comes to giving out loans, banks quickly revert to the 'buy low, sell high strategy' - The CBN's MPR is at 13.5 per cent and the Apex bank's minimum LDR for commercial banks has been increased to 65%, all this is aimed at compelling banks to increase their credit capacity, mainly to SMEs and individuals with proper credit scores. Banks are in a race against time to find agricultural entrepreneurs and farmers, talk to them there may be a better Annual Percentage Rate or package (effective rate of interest) somewhere and since it's your salary account, talk to other banks if you can easily migrate the account to another bank (I understand this is a risky maneuver for public servants) assuming you are one. Personally, I'm currently weighing offers from Stanbic and Zenith. 4 Likes |
Re: Mutual Funds by thebigkendo(m): 8:24pm On Jul 03, 2020 |
Eddee: UBA & Access bank has been on my case to collect loan. Text messages & emails every now & then..
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Re: Mutual Funds by MacMaster01(m): 8:36pm On Jul 03, 2020 |
emmasoft: Just PM'd you, lets talk more on investment one |
Re: Mutual Funds by Eddee(m): 8:41pm On Jul 03, 2020 |
thebigkendo: Chief, they need you to take those loans. Zenith and Stanbic have been offering some good deals lately but I'm willing to hold on for 27% for a 3 year repayment plan with just a 1 month moratorium. If not, I go continue to look those Federal Government CBN schemes - proper value for money imho. |
Re: Mutual Funds by emmasoft(m): 9:41pm On Jul 03, 2020 |
Re: Mutual Funds by jom28gy(m): 10:42pm On Jul 03, 2020 |
How can one benefits from it |
Re: Mutual Funds by Dsticks47(m): 6:56am On Jul 04, 2020 |
Good Day Everyone. To prospective client Who have been finding it difficult to subscribe to The Vantage Guaranteed Income Fund online, I wish to inform you that the technical issues have been resolved you can now subscribe using the new link generated ( check my signature). For alternative investment with a better ROI choose The Vantage Guaranteed Income Fund from. VGIF ROI - 7.5% Benchmarked Against SDF. To open an account with Investment One kindly use the link on my Signature.
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Re: Mutual Funds by Hephzibahdrycle: 2:18pm On Jul 04, 2020 |
Pls, What is the interest rate on MMF now? |
Re: Mutual Funds by emmasoft(m): 6:11pm On Jul 04, 2020 |
Hephzibahdrycle: MMFs rates on the average is 5.5% currently, actual value depends on the firm and it's valued daily. It's not static. TBills rate is a major determining factor 1 Like |
Re: Mutual Funds by chukzyfcbb: 11:34am On Jul 06, 2020 |
Systrom:21m is not too much to invest in money market. Peoole have more than that in it. stanbic IBTC MMF is 99% safe, nothing to be scared of. I think they are the leaders by fund size, next is FBN quest 1 Like |
Re: Mutual Funds by emmanuelewumi(m): 11:39am On Jul 06, 2020 |
Hephzibahdrycle: United Capital Asset Management 5.5% FSDH Asset Management 5.41% 1 Like |
Re: Mutual Funds by odontoid1: 3:02pm On Jul 06, 2020 |
emmasoft: @emmasoft, thank you for the enlightenment. Please concerning the Vantage Gurranteed income fund VGIF, 1. Is the capital preserved? I mean is it 100% certain that no matter what happens, one is sure to get his capital back? 2. Is there any holding period during which one cannot withdraw his funds at all (or withdraw it without charges)? If there are charges if one withdraws early, are such aharges on the capital or on the accrued interest? Thank you as I await you valued response. |
Re: Mutual Funds by emmasoft(m): 3:47pm On Jul 06, 2020 |
odontoid1: 1. Yes! Capital is preserved base on the underlying asset it's not a balance or equity fund. Sure you get your capital back there are other parties involved in mutual funds- trustees, custodian in case anything happens. 2. For VGIF, holding period is six (6) months. However, if a unit holder/investor decides to redeem all or part of the funds you lose 10% of the accrued interest only. Nothing is charged on the capital otherwise no penalty whatsoever. Example: If you invest 1m and in 3 months which is less than the holding period you decide to redeem 200k, you will lose 10% of the accrued interest on 200k only. You can call/chat. contact is on my signature for more if need be. Thank you. |
Re: Mutual Funds by FemiSolar(f): 1:58pm On Jul 07, 2020 |
Hello investors, I'm considering going for VGIF but pls is this investment as safe as Tbills? and is the interest paid upfront like T-bills? Thanks |
Re: Mutual Funds by Hephzibahdrycle: 3:07pm On Jul 07, 2020 |
emmanuelewumi:Thanks. Any ideas about ARM? |
Re: Mutual Funds by emmasoft(m): 5:40pm On Jul 07, 2020 |
FemiSolar: Investment is safe but interest is earned daily and paid twice a year - January and July with option to reinvest interest (compounding). You can open and operate account online. To open account click the link on my signature. Requirements: passport, ID card, utility bill and your signature all will be uploaded at the last page of the online form. Account is opened within 48 hrs. |
Re: Mutual Funds by CircleOfWilis: 10:12pm On Jul 07, 2020 |
emmasoft:how do go about the issue of using distribution companies bill as utility bill s (eg JEDco) since power purchase are usually online . |
Re: Mutual Funds by emmasoft(m): 10:51pm On Jul 07, 2020 |
CircleOfWilis: If the receipt of your purchase don't have your address, any of the following can be use in place of utility bill: 1. NIN Slip 2. Recent bank statement 3. tenancy payment receipt 4. LAWMA receipt for Lagosians In each case, the address on any of the document used must be same as the one you provided on the form. Don't forget to use the link on my signature for account opening to help my ministry. Targets must be met. 5 Likes |
Re: Mutual Funds by JEGEFitted: 8:32am On Jul 08, 2020 |
Ikazuagbe: Here https://beyondtoday.fbnquest.com |
Re: Mutual Funds by Manwarrior55: 10:41am On Jul 08, 2020 |
. |
Re: Mutual Funds by Bbbwings: 1:36pm On Jul 08, 2020 |
God of mercy. ETI is at 8%. Meanwhile UCAP I bought on the high side , even bought more dividends. |
Re: Mutual Funds by emmasoft(m): 11:47pm On Jul 08, 2020 |
For those who already invested in VGIF and prospective investors, find attached the facts of the fund sheet for 2nd quarter 2020 2 Likes |
Re: Mutual Funds by FemiSolar(f): 2:41pm On Jul 09, 2020 |
Hello house, I want to invest in MMF through FBN Quest, but the lady says everything is online. She sent me a form to fill and account number to pay into. Pls is this safe? I would have preferred if they debited me without me having to transfer it. Can anyone help verify FBN QUEST account? THANKS. |
Re: Mutual Funds by shyfulanigirl: 3:14pm On Jul 09, 2020 |
Hello good people, can any help with these? https://www.nairaland.com/5980645/sharia-compliant-investments#91543288 Thanks. |
Re: Mutual Funds by Ibrahim505(m): 4:16pm On Jul 09, 2020 |
shyfulanigirl:Trade derivatives gold or oil. Buy Trade shares of nestle, dangcem, buacem, jberger etc. 1 Like |
Re: Mutual Funds by Nobody: 4:52pm On Jul 09, 2020 |
FemiSolar: How can an organisation debit your account without you initiating the transfer? Confirm the account number given and make sure it is not individual account. Send email to the official address to confirm the account. |
Re: Mutual Funds by Nobody: 5:27pm On Jul 09, 2020 |
When the economy was still fair. Hope all return to normal soon
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Re: Mutual Funds by Brainbox0806: 10:48pm On Jul 09, 2020 |
Anyone experiencing same? |
Re: Mutual Funds by Boyhood: 12:35am On Jul 10, 2020 |
FemiSolar:Download the FBN quest app on Google play and fill the form there, upload your ID, passport, utility bill etc and when the confirm your registration you can make payment via the app |
Re: Mutual Funds by reservd(m): 2:04am On Jul 10, 2020 |
Brainbox0806:Interest for first of July was paid before being reinvested along side, did you notice that? If you counted from 2nd to date, does the accrued interest tally? |
Re: Mutual Funds by reservd(m): 2:05am On Jul 10, 2020 |
Brainbox0806:Interest for first of July was paid before being reinvested along side, did you notice that? If you calculated from 2nd to date, does the accrued interest tally? |
Re: Mutual Funds by reservd(m): 2:07am On Jul 10, 2020 |
Boyhood:Better make direct transfer |
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