NewStats: 3,259,434 , 8,170,091 topics. Date: Saturday, 24 May 2025 at 11:54 PM 1h63x

Who has an idea what the current rates for other funds asides Stanbic

darealabi:
Hello

Im trying to do my comparison between Stanbic IBTC and Norrenberger Mutual Funds; but a friend just told me about the Stanbic IBTC Mutual funds investment is better (based on his experience)

May I ask how much gain can I accrued after 1 year if I invest 72 Million Naira?

Thank you

Superior processes - Stanbic
Superior returns - Norrenberger

Assuming rate is 20% and it’s compounded monthly like Stanbic, you’ll gain #15,796,158.
If it’s compounded quarterly like other funds, you’ll gain #15,516,450.

djaybaba:


That makes stanbic mmf better i guess, since interest is compounded monthly.

No they’re not. I used to think the same way, but the difference in returns really doesn't matter much over time, even if the rates are identical. If you crunch the numbers, you’ll see what I mean. In this case, with a nearly 2% difference in rates, the fund providing those higher quarterly returns will always outperform Stanbic.

Superex:


Don't they have an app for their asset management side?

They do….

bassdow:
one can't always tell which provider has highest rate at any given time.

Today might be Stanbic, tomorrow could be fbnQuest, next might be ARM, could even be Norrenberger. You really can't tell hence why I suggest using multiple providers.

Also helps one have a sense of security so should anything ugly happen, at least you don't have all your eggs in one basket

Stanbic has never had the highest rate in recent times tho. You can’t always predict the highest, you’re right, but you can see a pattern based on historical trends. Their rates have been trailing behind competitors by around 1-2%. That might not sound like much, but over 10 years? That tiny 1.4% gap means real money left on the table. And when you’re playing the long game, those ‘small’ differences add up fast.

bassdow:
some times are like that. It's same with other providers.

Reason I maintain multiple providers. Rather than put 10-Million naira with a single provider e.g Stanbic, I could split it into 3 or 4 providers

But you dilute your earning potentials that way. Putting everything with the highest returning fund maximizes your gains. Except other considerations are at play asides that.

Why is stanbic rate still relatively low. I’m just tired….🤦🏽‍♂️

Is there a website where someone can view MMF rates regularly, either daily or monthly? These rates seem less accessible than stock prices, and I'm not sure why.

IchKampf:
Hello everyone,

I’ve been trying to make a partial redemption from my GT Money Market Fund (MMF) but haven’t been successful. Here’s what I’ve done so far:

April 16th (Wednesday): Emailed [email protected] requesting the redemption procedure. No response.

April 18th (Friday): Sent a follow-up email and copied [email protected], asking for a redemption form (based on info I found online). Still no reply.

At this point, I’m considering calling them out on social media and reporting the issue to SEC and other regulatory bodies

Has anyone else experienced such delays with GT Fund Managers? Any advice on how to resolve this faster?

Thanks in advance!

Visit their branch. Calmly lay your complaint and be patient through the resolution. However I’ll also advise you to initiate a full termination simultaneously. Liquidate your with them and never look back. There’s no justification for poor customer service.

Preator:


Why dont you redeem into a non-stanbic then? Dunno what their limit is but you can do N15m a day on Access bank and N25m on GTbank via the app. You can do more at a branch for either of the two without much hassle.

You’re right, redeeming directly to another is an option. But I prefer moving funds to Stanbic first as a safety step, especially for large amounts. If anything goes wrong, it’s easier to sort it out with them. Besides, my other bank s also have the 5m limit. I only recently increased GT’s limit because of the Stanbic issue, so for now, GT is my only option for redemptions above that cap. Thanks.

bassdow:
if that's the case, why not Open another and run them both side by side.

To me, it's even safer that way.

I rather invest 10-Million naira split in 4 or 5 banks, e.g 2 Millio naira in Stanbic IBTC MMF, another 2 Million naira in FBN Quest, yet another 2 Million naira in Norrenberger, and so On. That way, you not having all your eggs in a single basket.

Even if you choose to stay faithful to a single provider e.g Stanbic IBTC MMF, you still could open more than 1 with them and use that, hence if the Limit on the first is 2-Million naira, Opening another (either in banking hall or Online) would mean you either choose a higher limit, or use same limit hence vboth s now have a Limit of 4-Million naira instead of just 2-Million naira.

Imagine if you choose to open same 2 or more times.

I was even referring to the transfer limits on savings s, not the MMFs themselves. Meanwhile you can’t have more than one savings with the same bank, regardless of how many MMFs you’ve opened.

The main reason I even requested a limit increase is because once you redeem a large sum into your savings , moving the funds out becomes an issue due to the current limit.

And as for splitting my capital across different fund managers, well it’s not really my style. I’ve already got two MMFs with same FM, each serving a different purpose. If I ever decide to move my money, I’m taking all at once. Keeping things consolidated just makes oversight easier for me.

egojeny1:

No, to 5m

Ok…I was referring to the maximum limit

egojeny1:

Did mine on their app and there was no problem at all

To 25m?

freeman67:


Increasing limits with Stanbic has always been tedious. Even if there is network, they will give you one contract form full of lengthy and scary and conditions to sign. The form will also require a witness to sign too so will need to go along with or announce to other people that you want to increase your limit.

I am not sure, can't now but it's someone told me not quite long ago that it can now be done on their app but am have not checked it out.

Honestly it’s annoying. Well, based on my current experience, you still can't raise limits to the maximum via the app. You must fill those plenty forms in their branch. Even at that no guarantee it’ll be treated….Their obsession with outdated KYC protocols is something else

Care4:


The banker needs your cash deposit in a fixed for her to meet their deposit target. I have a friend who tries to ask me for a deposit. Each time she does, I show her what MMF and t-bills are returning. How can I forgo that for a single-digit ROI?

Maybe that's why my limit increase request is stalled. They've cited network issues for close to 2months now…even after filling several forms then. Something I did in GT on my own in less than 5min without filling any form. I feel the bank arm is dragging the group down sort of…

You're both correct. You don't need a Stanbic to invest in their MMF. And most times if you follow the laid down instructions you shouldn’t have any issue. But personally, I find it easier to manage redemptions through their app since I already bank with them. The 'withdraw to bank ' feature is seamless, and if any issues pop up, I can just reach out to their bank arm since it's all under the same umbrella. Two truths can coexist…

emmasoft:


The experience you are having is because you opted for your accrued interest to be paid to your bank .

The reduction is not just accrued interest in March, its for January to March. Watch out you will receive a credit alert of that same amount deducted into your ed bank .

Those who opted for reinvestment of interest have since have their accrued interest reinvested on the 31st of March.

If you wish to change your option, send a mail to customer care that going forward you wish your accrued interest to be reinvested. It will be effected.

This is applicable to all fund managers. However, Stanbic does reinvestment of interest monthly while others quarterly but all managers pay interest quarterly stanbic inclusive.

Are you certain about this?

bassdow:
Yes I presume.

You know the deposits you make don't go directly to them. it first goes to of their trustees, then they send to them

Ok then…

I did a partial termination on their app yesterday afternoon and got value today. Maybe the delay some are experiencing only applies to top ups.

enque:
Stanbic just stresses me out every last day of the month, especially on months that have 31days.

They just credited me double of my monthly earnings again, and this happens alot with my .
Now imagine it's someone who doesn't keep track of investments, they'd think it's the right figure until it gets corrected and then wahala will be doing back and forth with their CS people.

Basic calculation no suppose hard reach like this!

Had the same issue last year up till early this year. They called it a system glitch, but it fixed itself later. That’s why I said they aren’t as error-free as you think…

egojeny1:

Yes, they sent two days rate. The remaining two days will be sent later. I've never missed any day's rate as I check on daily basis too

Edited
Just checked now they've sent that of the third day(30th), infact it changed as I was looking at it. I believe by midnight or tomorrow morning the last one will be sent

Yes they’ve sent the third one just now.

egojeny1:

No, the remaining rates for the month will be added later today probably @ midnight. Stanbic Ibtc is more than accurate

Ok so they sent two days of accrued interest today instead of the three days that were on hold, which leaves one day still unpaid. If they only cover today’s amount, it looks like they’re counting just 30 days. This isn’t the first time I’ve dealt with something like this, so I’m not totally convinced they can’t make mistakes sis. Can’t even say it’s a mistake, it may just be a policy thing. Still, I’ll hold off on judging until I see today’s payment come through.

Looks like a day is missing from my calculations. I check this thing daily, and from what I can tell, interest was suspended on Friday and only resumed at noon today. It seems like they’re counting 30 days instead of 31. Don’t know if this is how other MMFs operate too

emmasoft:


At the beginning of the year it was stated in many quarters and by different analyst that the rate will trend down this year base on economic realities and monetary policy in the country. We should not be surprised and don't stop investing.
There is always seasons for everything including investment

I agree and I’ve always said this too. But at the very least, stay in line with competitors. You can’t have most market share while offering one of the lowest rates. Investors are rational…superior processes only matter if the returns hold up. A 2% lower rate on let’s say 100M is 2M lost, and that gap grows even more with compounding. To most heavy investors this is a real concern. Anyway let’s see how this one goes.

egojeny1:

Nawa o, what a sharp decline

It’s the volatility I'm concerned about. The effective rate will be significantly lower than their competitors by the end of the year if this random walk continues.

Uberchic1:


All sec ed. Prices today:

TrustBanc mmf 21.11%
United Capital 21.29%
Fsdh's Coral mmf 22.33%
Afrinvest plutus 18.88%
Meristem mmf 21.27%
ARM money mf 22.72%
Stanbic ibtc mmf 21.02%
Vetiva money mf 21.13%
Zedcrest wealth 21.68%
Cowrywise mmf 22.87%


This is the lowest ARM has been in over a week now. It was 22.87 for 3 days straight a few days ago. Of course there are still so many not on this list.

Thank you

Onyiridike:
Why is Stanbic IBTC MMF going down everyday?

It is at 20.72% now

Hmmm, I feel stanbic is taking advantage of its market dominance because moving funds across MMFs is a hassle. Investors should be able to transfer funds directly between MMFs without first withdrawing to a bank . The main hurdle is settlement, but a T+1/T+2 system or a central clearing mechanism could fix that. If SEC allows seamless transfers, competition will force fund managers to keep rates competitive. Meanwhile anyone with the rates of other MMFs (especially Bank d ones) should pls share.

A305:
Your projection is correct for the future as regards MMF dropping. However, MMF in Nigeria will likely NOT drop to 10% in the future except there is a global pandemic like that of COVID when world economy tanked. Or Nigeria changes it currency from Naira to another currency.


The reasons for my opinion are:

1 - We all know Inflation drives high TBills and MMF rates, so inflation is a major factor.

2 - Inflation is persistent in Nigeria and hasn't been managed well until this current CBN government policies implementation seemingly doing well to reel in inflation which began in the first quarter of this year. Infact, the kind of inflation numbers we saw in the last quarter of last year was only seen in 1996. That was 28%.

3 - CBN did something last month. They rebased our currency. The last time our currency was rebased was in 2009. But CBN has now rebased to 2014.

With that rebasing, CBN cannot cut TBILLS rates anyhow as they will scare foreign investors off and Nigeria economy is very volatile. Just mere fuel scarcity can easily trigger inflation.

This is why I am very sure that MMF can never go back to 10%, the days of 10% are long gone unless another pandemic happens.

I get your argument and it makes sense, but investors don’t have the cards. The desired outcome is dependent on the things I’ve mentioned earlier. Check my last response. Forever is a pretty long time….

jayce232:

If inflation is going up, interest rate ought to increase too. I think inflation is a contributory factor to increase in interest rate from 7.5% to as high as 26% for some assets management over the years. Because inflation will definitely keep rising & if interest rate keeps falling in the future with inflation rise, because inflation is making naira itself lose so much value, coupled with decrease in interest rate. I wonder what type of investment this would be.

Theoretically this works under ceteris paribus but in reality, it all depends on monetary policy. The last istration didn’t go hawkish even as inflation spiked. For instance back in October 2022, Stanbic’s MMF yield was 7–8% while inflation hovered around 20%. Rate hikes have rarely kept pace with inflation. This istration has been more aggressive, but can you bank on that? A future government, or even this one, could flip and start cutting rates. That’s the risk…we’re at their mercy, so it’s smarter to stay conservative with long-term projections.

Rhyah:


I can't decide for the poster as I can't tell the kind of life he may choose to live in Nigeria, where he wants to reside, the kind of school he wants his children to attend, his taste of healthcare services (insurance inclusive), his standard of good entertainment, his dependents asides his nuclear family and a whole lot more.

The OP best knows what he wants. But it's good to know that people survive with even lesser amounts.

He plans not to work I read...so that's like 20M per year. For some, this is a lot of money and for some others it may be otherwise.

Let’s keep in mind that interest rates won’t remain at the current level indefinitely. In fact, they could drop to 10% or even lower in the future. 3 years ago, stanbic MMF rates were around 9% or so. I think it’s wise to always plan based on worst-case scenario basis…

keeper303:


So many factors you will need to consider 1. Do you own a house or you will rent 2. Which part of lagos do you want to stay and the rent payable. Which school would you your kids and costs
I think 5m every 3months will be adequate.

Valid points. If I may add, I think he should also think about how inflation will impact his returns over time. Then there’s also interest rate risk. If he doesn’t own a home yet, securing one before relocating would be wise. The proceeds from his investment can also be used to acquire a scalable business, something that can serve as a backup to his financial assets in the long run. At his age, relying on a single portfolio indefinitely isn’t sustainable. A lucrative business on the side would help hedge against inflation. Just my two cents….

sky404:
Pls House,
I just read somewhere now that the National Bureau of Statistics has disclosed that Nigeria’s headline inflation has dropped to 24.48 per cent in January 2025,
following the rebasing of the consumer price index,

Therefore,
How will this affect the rates in money market funds & Treasury Bills??

will investing in mmf & Treasury Bills still be that lucrative??

Tomorrow’s CBN MPC meeting will decide. With inflation rebased downwards, there’s a good chance the MPR will be reduced, but it’s unlikely to be a major cut.