am planing on buying mutual funds using cowryrise please can someone tell me the advantages and disadvantages?

ernie4life:


Your assertions may be true but definitely should not apply to VGIF because unlike Money market funds that runs a 3 months cycle, VGIF runs a 6 months cycle, so last quarter should not affect the returns display on your dash board but lets wait till he is paid, however Investment one is a big firm, i know this is just an operational issue and rare.

I have not been paid and tomorrow will make it one week I filled redemption form and sent to them which they acknowledged.

obamma:


I have not been paid and tomorrow will make it one week I filled redemption form and sent to them which they acknowledged.

Seriously!
That is not nice at all

obamma:


I have not been paid and tomorrow will make it one week I filled redemption form and sent to them which they acknowledged.

Hi, Have you tried contacting your accounts officer? If you haven't, try contacting the officer so that you know exactly what the issue is. I'm sure I'm not the only one surprised and disappointed with such development.

Hello everyone..

Please I need ideas on the best mutual funds platform one can invest in and can withdraw at anytime. I was into Stanbic mutual funds last year but their APR got really awful I had to pull out early this year

Thanks

Saucekide25:
Hello everyone..

Please I need ideas on the best mutual funds platform one can invest in and can withdraw at anytime. I was into Stanbic mutual funds last year but their APR got really awful I had to pull out early this year

Thanks

Please remain with Stanbic. Imagine the headache when you want to redeem your chicken change it will enter voice mail and linger for one week.
Investment one should up their game. Telling one to call customer care,call this one,call that one is bullshit. With Stanbic you call no body. All you do is click the damn thing and you get your money in 24hrs. That is how it should be!

obamma:


You & emmasoft are misleading people here. To liquidate my fund your company said 3 working days. I have filled redemption form since last week Wednesday, today is Tuesday almost one week yet no response from anyone in your office. I contacted emmasoft but he is non chalant

The worst is the 7.5% they are promising which am not sure it is true as my online account is showing different thing. But will confirm this after full liquidation

Please what's the procedure to liquidate ones fund? I saw something like security question , security answer and upload signature. Is that all I need to do or something else?

mikol:


Please what's the procedure to liquidate ones fund? I saw something like security question , security answer and upload signature. Is that all I need to do or something else?

In my case, investment one customer care sent me redemption form which i filled , then scanned it and sent back to them. they reverted acknowledged and that it will take 3 working days.

But this is exactly one week, with multiple calls to customer care uptil this morning am yet to receive my funds.

May be is the Managing director i need to call.

obamma:


In my case, investment one customer care sent me redemption form which i filled , then scanned it and sent back to them. they reverted acknowledged and that it will take 3 working days.

But this is exactly one week, with multiple calls to customer care uptil this morning am yet to receive my funds.

May be is the Managing director i need to call.

Thank you.

I Need Financial Assistance. I Need a Smartphone to Start Making and Earning Profits. Or we can Cut a Deal.
For Every Profit I make you get 20%-30% of my Earnings for Assisting me Financially Until the Amount You've Assisted my Has been Complete with Interest.

Who can help me out... Lets Earn Profits

Akanimoh113:
I Need Financial Assistance. I Need a Smartphone to Start Making and Earning Profits. Or we can Cut a Deal.
For Every Profit I make you get 20%-30% of my Earnings for Assisting me Financially Until the Amount You've Assisted my Has been Complete with Interest.

Who can help me out... Lets Earn Profits

obamma:


In my case, investment one customer care sent me redemption form which i filled , then scanned it and sent back to them. they reverted acknowledged and that it will take 3 working days.

But this is exactly one week, with multiple calls to customer care uptil this morning am yet to receive my funds.

May be is the Managing director i need to call.

With FSDH Asset Management, you will get your money same day if you fill the redemption form before 10am, same with FBN Quest Asset Management

seyisanya:

Can you Help out

obamma:


In my case, investment one customer care sent me redemption form which i filled , then scanned it and sent back to them. they reverted acknowledged and that it will take 3 working days.

But this is exactly one week, with multiple calls to customer care uptil this morning am yet to receive my funds.

May be is the Managing director i need to call.

Finally, after making multiple calls to customer care again this morning, the investment one team continue to promise and fail. Until I fired an email to their Managing director asking him to intervene. and I started receiving calls from their staff that were quite since past 1 week.

After sending email to their MD ,i got credited with my all my Funds in less than 1 hr.

I will calculate all and revert if their 7.5% interest is correct or not.

obamma:


Finally, after making multiple calls to customer care again this morning, the investment one team continue to promise and fail. Until I fired an email to their Managing director asking him to intervene. and I started receiving calls from their staff that were quite since past 1 week.

After sending email to their MD ,i got credited with my all my Funds in less than 1 hr.

I will calculate all and revert if their 7.5% interest is correct or not.

Nice one, I hate when a good company's reputation is doubted due to operational issues, we are all happy you finally got your funds.

You wont see emmasoft and distick now but if it is to canvas for funds now, they will be bombarding the thread.

emmasoft and distick47 should really explain why it is very difficult for customers to redeem their funds from Investment One, it might help to repair their image a bit.

ernie4life:


Nice one, I hate when a good company's reputation is doubted due to operational issues, we are all happy you finally got your funds.

You can imagine, what if the guy had no way to contact the MD. One of the issues affecting is using rookies in sensitive areas without requisite understudy. Obamma's case is even better because all his dealings with them is online. Mine back then was offline. I went to their office opposite Nicon Luxery Hotel, Abuja to fill the redemption form and it took about 2 weeks before it hit my account.

obamma:


You & emmasoft are misleading people here. To liquidate my fund your company said 3 working days. I have filled redemption form since last week Wednesday, today is Tuesday almost one week yet no response from anyone in your office. I contacted emmasoft but he is non chalant

The worst is the 7.5% they are promising which am not sure it is true as my online account is showing different thing. But will confirm this after full liquidation

@obamma and all. On behalf of IOFS we sincerely apologize for the delay of your redemption payment. It’s not the usual practice but rather a process induced delay.
From the team:
We sincerely apologize about his experience. The VGIF redemption takes 3 working days, however, when the payment was sent to the bank it failed and the transaction had to be re-initiated

To all our customers and prospects on the thread, please be rest assured that Investment One (Former GTBank Aseet Management) is a reputable investment outfit and fully SEC regulated and compliant to all regulatory rules and protocol.

Be free and come on board. Your fund with us is safe and all stipulated and stated features of all products are adhered to in full compliance.
Kindly send your observations and concern to the customer care, your account officer or live chat with our agents on the website and any concern will be cleared.
For the avoidance of doubt Please note VGIF is still 7.5% if there is any change it will always be communicated and made public.

Thank you for your patronage

freeman67:


You can imagine, what if the guy had no way to contact the MD. One of the issues affecting is using rookies in sensitive areas without requisite understudy. Obamma's case is even better because all his dealings with them is online. Mine back then was offline. I went to their office opposite Nicon Luxery Hotel, Abuja to fill the redemption form and it took about 2 weeks before it hit my account.

That's not a good one, emmasoft please take note of these reviews and take back to your team so they can improve.

Donbrig:
emmasoft and distick47 should really explain why it is very difficult for customers to redeem their funds from Investment One, it might help to repair their image a bit.

Exactly... Seems it's a norm because others are complaining.

seyisanya:

heHehehe... Some people are just dindinrin.

Franky826:


3.21% as at today. 12-10-2020.

Looks like the party is over!

2.7% today. 16-10-2020

Franky826:


2.7% today. 16-10-2020

As long as you see TBills going down don't expect anything better from MMFs. Actually the benchmark of MMFs is 90 days TBills rate. The reason it's still up to 2 or 3% for some is because some of the assets are commercial papers.

At this time fixed income categories like VGIF and balance fund is good alternative.
Particularly balanced fund is good this period because it's a Bullish season on the NSE. If you look at the ranking of mutual funds perfirmance recently it's obvious that balance fund and equity funds are doing well.

N. B: Balance and equity funds are not risk free and returns are not fixed but completely dependent on funds performance. Do your due diligence.

emmasoft:


As long as you see TBills going down don't expect anything better from MMFs. Actually the benchmark of MMFs is 90 days TBills rate. The reason it's still up to 2 or 3% for some is because some of the assets are commercial papers.

At this time fixed income categories like VGIF and balance fund is good alternative.
Particularly balanced fund is good this period because it's a Bullish season on the NSE. If you look at the ranking of mutual funds perfirmance recently it's obvious that balance fund and equity funds are doing well.

N. B: Balance and equity funds are not risk free and returns are not fixed but completely dependent on funds performance. Do your due diligence.

Thank you very much.
I actually do understand this. I've read the FBN fact sheets and understand the percentages of funds invested into each instrument.
I'm only updating real time rates for the sake of New comers, and other people who might want to know the current rates on FBN MMF.
Once again your input is much appreciated.

Franky826:


Thank you very much.
I actually do understand this. I've read the FBN fact sheets and understand the percentages of funds invested into each instrument.
I'm only updating real time rates for the sake of New comers, and other people who might want to know the current rates on FBN MMF.
Once again your input is much appreciated.

Good job. Keep it up. The info is useful not only for the new comers.

Good morning all
I just logged into my Arm mmf this morning to check the progress of my fund and I must say I wasn't a bit happy, the current yield is at 3.14%, I am contemplating on moving my fund bck to my savings account and lock up my fund for a year, that still yields up to 13% thereabout instead of this mmf dropping rate everyday, or do anyone has a better option for me. Thank u

Aderex91:
Good morning all
I just logged into my Arm mmf this morning to check the progress of my fund and I must say I wasn't a bit happy, the current yield is at 3.14%, I am contemplating on moving my fund bck to my savings account and lock up my fund for a year, that still yields up to 13% thereabout instead of this mmf dropping rate everyday, or do anyone has a better option for me. Thank u

A better option is VGIF and high yield note.
VGIF as at now gives a return of 7.5% annually with as low as 50,000 You can subscribe to the fund. On the other hand, The High Yield Note boast of 9% with a minimum entry point of 10m.

Pls Sir, explain to us more about this high yield note, how is it different from the normal VGIF? And how can someone with existing VGIF subscribe to it?

Dsticks47:

A better option is VGIF and high yield note.
VGIF as at now gives a return of 7.5% annually with as low as 50,000 You can subscribe to the fund. On the other hand, The High Yield Note boast of 9% with a minimum entry point of 10m.

Donbrig:
Pls Sir, explain to us more about this high yield note, how is it different from the normal VGIF? And how can someone with existing VGIF subscribe to it?

The VGIF is under our Mutual Funds investment option same with Abacus,VDF,VEIF and VBF. The High Yield Note,Medium Term Note, REAL ESTATE BACKED NOTE on the other hand is under our Fixed Income category.

HYN guarantees both the ROI and Capital same with VGIF.
What makes the HYN different from VGIF is that the rate is not benchmarked against SDF ( not reviewed every 6 month).

To subscribe to the fund kindly fill the form below my signature and send to the email address attached below indicating High Yield Note in the body of the mail.

Lastly kindly indicate my staff number on the form [url]0001126618[/url]

Dsticks47:

The VGIF is under our Mutual Funds investment option same with Abacus,VDF,VEIF and VBF. The High Yield Note,Medium Term Note, REAL ESTATE BACKED NOTE on the other hand is under our Fixed Income category.

HYN guarantees both the ROI and Capital same with VGIF.
What makes the HYN different from VGIF is that the rate is not benchmarked against SDF ( not reviewed every 6 month).

To subscribe to the fund kindly fill the form below my signature and send to the email address attached below indicating High Yield Note in the body of the mail.

Lastly kindly indicate my staff number on the form [url]0001126618[/url]

What is the interest rate and what tenor.

ernie4life:


What is the interest rate and what tenor.

Interest rate is 9% per annum.
Tenor: 1 year