NewStats: 3,264,215 , 8,182,985 topics. Date: Tuesday, 10 June 2025 at 08:07 AM 332j5b

Neurotika:


Have you reached out to them to address the issue? Mine is a bit complicated, and I’m not satisfied with the explanation they gave then. I noticed my balance stagnated for several weeks in November, but then it increased significantly at the end of the month. However, it reverted back to its previous state shortly after. They stated it was a system error, yet the same thing happened again yesterday. I suspect that the system didn't apply interest during those days, which is why my balance keeps normalizing and reverting at the end of each month. But they won’t it that. The difference is over 500k.

They did the same thing to me last year December ending to January beginning (This same period yours is happening) even when I was regularly checking my . Infact I had a lot of back and forth with them that resulted in them sending me my entire statement right from when I opened the to try and convince me but they couldn't because that same thing made them alter how my statement is displayed on the app.

At the end, they'll still have their way after trying to convince or confuse you to believe nothing was wrong. Even though you clearly see that something is not right. Since then, I try to check my daily and thank God it didn't happen this year because I already have all my evidence might have done more than just complaining to them this time. I kept ing my statements and screenshoting my balances at intervals incase it reoccur.

I wonder why their system errors only happens to some selected s every December sha.

freeman67:


They did the same thing to me last year December ending to January beginning (This same period yours is happening) even when I was regularly checking my . Infact I had a lot of back and forth with them that resulted in them sending me my entire statement right from when I opened the to try and convince me but they couldn't because that same thing made them alter how my statement is displayed on the app.

At the end, they'll still have their way after trying to convince or confuse you to believe nothing was wrong. Even though you clearly see that something is not right. Since[b][/b] then, I try to check my daily and thank God it didn't happen this year because I already have all my evidence might have done more than just complaining to them this time. I kept ing my statements and screenshoting my balances at intervals incase it reoccur.

I wonder why their system errors only happens to some selected s every December sha.

This is exactly what happened to me. They tried to gaslight me, saying the system erroneously paid interest twice, but the "error" didn’t align with my monthly earnings. And now the same "mistake" has occurred again this month. They sent me a statement too then, but I knew what I was saying because I check my balances almost every day. Since then, I’ve been keeping a closer eye on everything.

emmasoft:


They accept both, depending on the one you have. However, if it's naira, the exchange rate will be Norrenberger's rate at the very day of your investment.

See opening form attached.

How long does it take to get an approval from the stanbic Mmf after opening the ?

freeman67:


They did the same thing to me last year December ending to January beginning (This same period yours is happening) even when I was regularly checking my . Infact I had a lot of back and forth with them that resulted in them sending me my entire statement right from when I opened the to try and convince me but they couldn't because that same thing made them alter how my statement is displayed on the app.

At the end, they'll still have their way after trying to convince or confuse you to believe nothing was wrong. Even though you clearly see that something is not right. Since then, I try to check my daily and thank God it didn't happen this year because I already have all my evidence might have done more than just complaining to them this time. I kept ing my statements and screenshoting my balances at intervals incase it reoccur.

I wonder why their system errors only happens to some selected s every December sha.

is this for stanbic Mmf?

RonuMiscreant:

How long does it take to get an approval from the stanbic Mmf after opening the ?

When you complete the form, is opened Within 24 working hours

emmasoft:


When you complete the form, is opened Within 24 working hours

Please how is the interest in this mutual fund calculated. is it like fixed deposit?

RonuMiscreant:

Please how is the interest in this mutual fund calculated. is it like fixed deposit?

Yes, to a large extent but applied differently. MMF calculates simple interest on your current balance (capital) and prorate to daily and it accrues then at the end of each quarter it's either reinvested/paid to your bank depending on your option during registration.

Chat me up if you need more clarity on mutal funds generally.

Babtunz:
Hello all,

Please I need your inputs on this. Say you have #10m to invest, how would you go about it? Would you rather:

1. Invest all in Risevest real estate plan for a 11-12% annual return. Using the exchange rate of 1650, that's about $6060. 12% of that is $727 which is about #1.2 return in a year.

2. Invest all in Stanbic MMF for a 20-21% annual return, which is about #2m.

3. Putting inflation into consideration, I'd go for number 1 but leaving out a potential 800k in option 2 doesn't sound very wise to me.

If you have any other way you'd go about this please kindly share 🙏🏾

You could try Coronation Money Market fund at 25.28% which can go as high as 29% which is 2,5M annually

Hello everyone, I am new and heard alot about this mutual funds that is how I got to this thread. Please can anyone with sincere heart help me with step by step on how to go about it. I have been reading the whole trend but getting confused because it is a lot. I am sincere and need someone to mentor me from the start.

phylp:
Hello everyone, I am new and heard alot about this mutual funds that is how I got to this thread. Please can anyone with sincere heart help me with step by step on how to go about it. I have been reading the whole trend but getting confused because it is a lot. I am sincere and need someone to mentor me from the start. My whatsapp number is available 08149149143.

Cc emmasoft come and carry your prospect

enque:


Cc emmasoft come and carry your prospect

@enque thank you. We don connect.

Thank you @emmasoft. You are such a wonderful fellow. Thanks also enque!

RonuMiscreant:
is this for stanbic Mmf?

Yes it is.

phylp:
Hello everyone, I am new and heard alot about this mutual funds that is how I got to this thread. Please can anyone with sincere heart help me with step by step on how to go about it. I have been reading the whole trend but getting confused because it is a lot. I am sincere and need someone to mentor me from the start. My whatsapp number is available 08149149143.

I am also trying to fill the form online but when I try to submit , the submit button isn’t working. Need help please. 08132532225

emmasoft:


When you complete the form, is opened Within 24 working hours

How do i use compounding with this MMF ? Say i want to be adding 10 naira every month to the already purchased mmf

RonuMiscreant:

How do i use compounding with this MMF ? Say i want to be adding 10 naira every month to the already purchased mmf

Compounding is automatic once u pick the option to reinvest your interest.

You can decide to top up the capital in your MMF at anytime you have money to invest from 5k and above. Interest always accrues on the available balance - capital at anytime.

Femivaughn:




You could try Coronation Money Market fund at 25.28% which can go as high as 29% which is 2,5M annually

Is there any major difference between stanbic MMF and CORONATION MMF?

emmasoft:


Compounding is automatic once u pick the option to reinvest your interest.

You can decide to top up the capital in your MMF at anytime you have money to invest from 5k and above. Interest always accrues on the available balance - capital at anytime.

Thanks. Is my original capital preserved like fixed deposit and tbills? And the interest rate is guaranteed at the year end?

RonuMiscreant:

Thanks. Is my original capital preserved like fixed deposit and tbills? And the interest rate is guaranteed at the year end?

@RonuMiscreant for MMF to qualify as low risk investment the first consideration is safety of capital. Any investment that capital is not preserved or guaranteed cannot be regarded as low risk.

Capital and interest guaranteed. However, interest
is daily valued not fixed.
One thing is guaranteed, no investor loses money invested in any MMF.

By the way I hope you have opened already using the first link on my signature.
Sometimes MMF operations get clearer once you start operating an .

Deducted interest on Stanbic MMF

For those who got their last quarter accrued interest deducted from their MMF, check your bank , interest are already being credited to customers ed bank .

If you wish to opt out and want your accrued interest reinvested going forward, send a mail to customer care to give the desired mandate.

emmasoft:


@RonuMiscreant for MMF to qualify as low risk investment the first consideration is safety of capital. Any investment that capital is not preserved or guaranteed cannot be regarded as low risk.

Capital and interest guaranteed. However, interest
is daily valued not fixed.
One thing is guaranteed, no investor loses money invested in any MMF.

By the way I hope you have opened already using the first link on my signature.
Sometimes MMF operations get clearer once you start operating an .

Thanks boss for your help this far. What's the difference between the coronation Mmf and stanbic Mmf?

RonuMiscreant:


Thanks boss for your help this far. What's the difference between the coronation Mmf and stanbic Mmf?

Coronation MMF is MMF managed by Coronation Assset management while Stanbic MMF is managed by Stanbic Asset Management.

The priciples and structures, regulations, and underlying assets of all MMF are the same.

vanvickie:



Is there any major difference between stanbic MMF and CORONATION MMF?

the percentage yield is the major difference, do you mean what they invest in?

emmasoft:


Compounding is automatic once u pick the option to reinvest your interest.

You can decide to top up the capital in your MMF at anytime you have money to invest from 5k and above. Interest always accrues on the available balance - capital at anytime.

Good afternoon,pls what is the minimum amount to start with?, and can I use my name and that of my fiance to invest?,so that both of us will own it together.pls reply

emmasoft:


Yes, to a large extent but applied differently. MMF calculates simple interest on your current balance (capital) and prorate to daily and it accrues then at the end of each quarter it's either reinvested/paid to your bank depending on your option during registration.

Chat me up if you need more clarity on mutal funds generally.

pls can i have your phone or WhatsApp number to reachout to you for more clarification?

Ifetech4u:
pls can i have your phone or WhatsApp number to reachout to you for more clarification?

His phone number & WhatsApp number is on his profile.

Ifetech4u:
Good afternoon,pls what is the minimum amount to start with?, and can I use my name and that of my fiance to invest?,so that both of us will own it together.pls reply

The minimum initial deposit for stanbic MMF is N5,000.

Yes, there is room for t application for spouse, siblings, friends etc and even for coporate bodies.

Chat me up to guide you. My phone number is on my signature.

jayce232:

His phone number & WhatsApp number is on his profile.

@jayce232 you are correct. Thank you.

Pls o.. I made a topup on my stanbic MF since December 31st through Opay.. Till now it's not reflecting on my balance

2. What can you say about Cowrywise Mf investment option sir.. Is it advisable to invest through Cowrywise

Cc: emmasoft

Femivaughn:


the percentage yield is the major difference, do you mean what they invest in?

Yes pls. Coz I'm wondering why the difference in their yield is about 5% or more....

Gadgetking:

Pls o.. I made a topup on my stanbic MF since December 31st through Opay.. Till now it's not reflecting on my balance

2. What can you say about Cowrywise Mf investment option sir.. Is it advisable to invest through Cowrywise

Cc: emmasoft

Someone said above opay has transaction description issues. Probably your e number didn't reflect in the description. You need to email & call to fix it.

Gadgetking:

Pls o.. I made a topup on my stanbic MF since December 31st through Opay.. Till now it's not reflecting on my balance

2. What can you say about Cowrywise Mf investment option sir.. Is it advisable to invest through Cowrywise

Cc: emmasoft

@Gadgetking this is an issue of funds identification, most likely your e- number was not captured.
To resolve this, send your evidence of payment to customer care, you can also follow up with a call. Going forward any deposit you make and it goes beyond 24hrs to reflect in your , and it's not weekend, kindly send evidence of payment.

For me, I don't use third party when it comes to mutual funds since I can open directly with the fund manager.
Please I'm not saying Cowrywise is not legit.

Thank you.