NewStats: 3,262,535 , 8,177,408 topics. Date: Monday, 02 June 2025 at 03:40 PM 35r47

Tohmey:

Geez
It's too high oo
What of retail investors wey no get upto 5k dollar
Wey get like 1k

This is not a Dollar fund. It's a placement where both the capital and interest are guaranteed.

Alternatively, you can do a dollar fund with Norrenberger, the minimum is $550

bfn1:

Here is the current collection for StanbicIBTC MMF:

Name: UBA Nom First Trustees StanbicIBTC Money Market Fund Collection Ac
No: 1023413552
Bank: UBA
Note: Ensure you state your E- number as the narration/description of your transfer.

This is just to buttress all that freeman67 posted up there.

Why do I have to fund my Stanbic IBTC MMF through another bank I.e. UBA and not Stanbic IBTC Bank. I am confused pls I need explanation.

Yemoskii:
Why do I have to fund my Stanbic IBTC MMF through another bank I.e. UBA and not Stanbic IBTC Bank. I am confused pls I need explanation.

Stanbic IBTC MMF is an investment scheme of the Stanbic IBTC Asset Management Ltd (not Stanbic IBTC Bank).

In the operation of MMFs, Fund Managers are mandated to appoint Trustees and Custodians that are 3rd-party independent entities to safeguard investors' funds.

So, do not worry if you're paying into another different from Stanbic IBTC Bank, it is definitely the of the appointed Custodian for the Fund.

Just ensure that whatever collection you're funding through is what the Fund Manager has specifically indicated to you.

Yemoskii:


Why do I have to fund my Stanbic IBTC MMF through another bank I.e. UBA and not Stanbic IBTC Bank. I am confused pls I need explanation.

@bfn1 has given you the required explanation above.

To add to that as an example, FBN Quest uses Citi for collection of their MMF instead of First Bank which is their . Also, United Capital Asset management uses Stanbic IBTC instead of UBA their bank.

Those custodians and trustees are barriers put in place against to mitigate the risk of fraud and embazzlement. It is easier commit fraud if only funds are managed, warehoused and overseen by just one entity.

bfn1:

Stanbic IBTC MMF is an investment scheme of the Stanbic IBTC Asset Management Ltd (not Stanbic IBTC Bank).

In the operation of MMFs, Fund Managers are mandated to appoint Trustees and Custodians that are 3rd-party independent entities to safeguard investors' funds.

So, do not worry if you're paying into another different from Stanbic IBTC Bank, it is definitely the of the appointed Custodian for the Fund.

Just ensure that whatever collection you're funding through is what the Fund Manager has specifically indicated to you.

Thanks for the clarification however it seems Stanbic IBTC Bank was at some point also a Custodian because we were able to fund MMF s through it.

freeman67:



@bfn1 have given you the required explanation above.

To add to that as an example, FBN Quest uses Citi for collection of their MMF instead of First Bank which is their . Also, United Capital Asset management uses Stanbic IBTC instead of UBA their bank.

Those custodians and trustees are barriers put in place against to mitigate the risk of fraud and embazzlement. It is easier commit fraud if only funds are managed, warehoused and overseen by just one entity.

I was enlightened, this will give investors more confidence. Thank you. I appreciate

Yemoskii:


Thanks for the clarification however it seems Stanbic IBTC Bank was at some point also a Custodian because we were able to fund MMF s through it.

@bfn1 and @freeman67 you guys said it all. Well done. @Yemoskii your observation is correct some years back it was like that, the collection was always with the bank of the fund managers, The regulator ie SEC saw some risk in that process and decided that the custodian bank must not have any affiliation with the fund manager to avoid a situation of being a judge in your case. The idea is to strengthen checks and balances in the mutual funds market and to have better corporate governance.

By the way, anytime you come across a fund manager having a collection with its bank, please run, it's a red flag. In fact, it should form part of your due diligence while trying to invest in any mutual fund with a fund manager.

emmasoft:


Let's have a chat. My phone number is on my signature. I will also send you a comprehensive voice note to explain in details all about mutual funds.
By the way MMF is in the category of low risk investment, very suitable for beginners.
You can also click the first link on my signature to start.
You don't even need to be in the physical office or the bank.

Thank you very much

pls what is the current rate of stanbic MMF? Thanks

Mfunkynation:
pls what is the current rate of stanbic MMF?
Thanks

Good morning everyone.

I'd like to know if anyone has experience with United Capital Asset Management (Money Market Fund). I'm interested in learning more about their services and reputation.

I'm curious if there's any affiliation between United Capital Asset Management and United Bank of Africa. Any insights you can share on this would be greatly appreciated. Thank you

VeeInsider:
Good morning everyone.

I'd like to know if anyone has experience with United Capital Asset Management (Money Market Fund). I'm interested in learning more about their services and reputation.

I'm curious if there's any affiliation between United Capital Asset Management and United Bank of Africa. Any insights you can share on this would be greatly appreciated. Thank you

Yes, United Capital Asset Management is the Asset Management wing/arm of United Bank for Africa.

What do you want to know about their service and reputation. I have used them about 2 and half years now if I am not mistaken. Cant really the date unless I check.

For the period I have used them, their services have been good. I opened the online through the app and afterwards finished up with mails/calls where they needed clarification while ing my details before my was setup and the details were sent to me. Their rates have been okay when compared to others. Their customer service are responsive both via WhatsApp and email. Though I rarely call them so, I can't say much about calls. You can get same day withdrawal if your is well/completely setup.

That said, just like every other Asset management firms, you may encounter delays once in a while in them crediting your after deposit if you don't do it according to instructions or you at the end of quarter when they are settling s.

I am new here, can someone help in putting me through this, that is explaining what this is all about please?

PS: The best asset managers with best rate to use and other infos.

CatchMeIfUCanMO:
I am new here, can someone help in putting me through this, that is explaining what this is all about please?

PS: The best asset managers with best rate to use and other infos.

Go for Stanbic IBTC money market fund

CatchMeIfUCanMO:
I am new here, can someone help in putting me through this, that is explaining what this is all about please?

PS: The best asset managers with best rate to use and other infos.

Chat me up for a voice note that explained some basic things about mutual funds particularly MMF and how it works.
You can also read through my past posts on this thread you will have basic understanding of MMF.
Meanwhile, stanbic, SFS or Norrenberger are fund managers you can open with.
The first two links on my signature will give you access to online registration form for Stanbic and SFS.

freeman67:


Yes, United Capital Asset Management is the Asset Management wing/arm of United Bank for Africa.

What do you want to know about their service and reputation. I have used them about 2 and half years now if I am not mistaken. Cant really the date unless I check.

For the period I have used them, their services have been good. I opened the online through the app and afterwards finished up with mails/calls where they needed clarification while ing my details before my was setup and the details were sent to me. Their rates have been okay when compared to others. Their customer service are responsive both via WhatsApp and email. Though I rarely call them so, I can't say much about calls. You can get same day withdrawal if your is well/completely setup.

That said, just like every other Asset management firms, you may encounter delays once in a while in them crediting your after deposit if you don't do it according to instructions or you at the end of quarter when they are settling s.

Thank you for your reply. I don't hear much about them on this thread, needed to be sure they're good before having anything to do with them.

Hello House

Does anyone here used FSDH Asset management for mutual funds?
How is their service?

Any pros and/or cons?

Thank You

Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

Trying to reset my and i kept getting this error. I use StanbicIBTC

sleekybaba:
Trying to reset my and i kept getting this error. I use StanbicIBTC

Use this link
https://www.stanbicibtcfundsmanagement.com/invest-now-w8knqjwb

sleekybaba:
Trying to reset my and i kept getting this error. I use StanbicIBTC

https://www.stanbicibtcfundsmanagement.com/invest-now-w8knqjwb

CatchMeIfUCanMO:
I am new here, can someone help in putting me through this, that is explaining what this is all about please?

PS: The best asset managers with best rate to use and other infos.

https://www.stanbicibtcfundsmanagement.com/invest-now-w8knqjwb

Hello house! How authentic is mutual fund investment with fintech investment coy like cowrywise and bamboo. Can one invest in cowrywise mutual funds which also has ibtc mmf, coral,meristerm.trustbanc, United capital etc.

shegoon:
Hello house! How authentic is mutual fund investment with fintech investment coy like cowrywise and bamboo. Can one invest in cowrywise mutual funds which also has ibtc mmf, coral,meristerm.trustbanc, United capital etc.

Fintech don't have mutual funds they are helping to sell for the various fund managers.

You can as well subscribe directly without using d fintech and use d app of the fund managers.

Polchiz:

https://www.stanbicibtcfundsmanagement.com/invest-now-w8knqjwb

Instead of sharing this, you can help answer the questions being asked. Provide value first, referrals will come.

olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

so GTB mmf rate is 20.72%

cucumbar:
so GTB mmf rate is 20.72%

Gross or Net?

olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

Is there a way to track one's investment when using GT?

toyeoye:


Gross or Net?

It is written as Gross on the image. There's limited information about them.

VeeInsider:


Instead of sharing this, you can help answer the questions being asked. Provide value first, referrals will come.

I have answered the questions the I know the answer, please.

VeeInsider:


It is written as Gross on the image. There's limited information about them.

Confirm the Net. That's the actual percentage you want to know and compare.

Gross

toyeoye:


Gross or Net?