NewStats: 3,261,349 , 8,173,745 topics. Date: Wednesday, 28 May 2025 at 10:17 PM 1n14m6z3e3g |
Mutual Funds - Investment (355) - Nairaland 4s5p58
Mutual Funds (1175301 Views)
| egojeny1(f): 11:30am On Mar 22 |
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Stanbic today
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| Onyiridike(f): 12:55pm On Mar 22 |
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I wanted to top up my Stanbic MMF but I have to wait. The yield I am seeing is not encouraging.
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| emmasoft(m): 7:04pm On Mar 22 |
Onyiridike: Your money loses more value while waiting. Note that MMF rates are dynamic and the era of very high yield may be over because of current economic realities. However, having your money in MMF is still better than when kept in a normal savings in the bank or fixed deposit. The need for having two fund managers or another form of a mutual fund like a fixed income fund comes into play here. 7 Likes |
| Oyetunde49: 9:44pm On Mar 22 |
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Please how do I confirm that my KYC is complete on stanbic MMF?
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| jplambert: 11:14pm On Mar 22 |
emmasoft: You are right but j think it's better to invest the money in reasonable business than MMF prices of goods still high, exchange rate still high so keeping money somewhere while getting meagre return is not advisable (my personal opinion) |
| Youngzedd(m): 7:37am On Mar 23 |
Onyiridike: It's not cool to have one fund manager. with FBNQuest which has a higher rate. Save with both. 1 Like |
| noble71(m): 10:32am On Mar 23 |
Youngzedd:that's the percentage of FBNQuest? |
| emmasoft(m): 10:47am On Mar 23 |
jplambert: Putting your money in business is a form of investment and your money in MMF is another. All forms of investment is good but carries different level of risk. They serve different purposes and depending on individual investor's objective, availability, time, knowledge, economic realities etc. Choices are made. 1 Like |
| Youngzedd(m): 11:01am On Mar 23 |
noble71: Current rate >> https://fbnquest.com/asset-management/resources/historical-funds/ Currently 21.83% |
| Jeoma2024: 3:45pm On Mar 23 |
Youngzedd: How long have you been using this fbquest and how is there customer care services Is the opening online or one must go the office |
| Youngzedd(m): 5:38pm On Mar 23 |
Jeoma2024: They respond faster than Stanbic via email. Also, they're the number 2 fund managers in Nigeria by market share behind Stanbic IBTC. Send them an email for opening. They have a mobile app FBNQuest Edge. |
| noble71(m): 2:05pm On Mar 24 |
Youngzedd:thanks. It's still the same with stanbic IBTC mutual funds. |
| Youngzedd(m): 2:37pm On Mar 24 |
noble71: How is it the same? |
| civilserva: 9:30pm On Mar 24 |
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Which MMF pays interest on monthly basis. I have been using STANBICibtc for many years but recently their customer service has been on decline. Whenever I deposit money, I have to send several emails before my money will credited to my . I want to change to any MMF with good customer service 1 Like |
| Youngzedd(m): 11:09pm On Mar 24 |
civilserva: FBNQuest has better customer service. on Stanbic IBTC BluNest and be depositing via the virtual . This way you won't need to send any email for payment verification. Just transfer to the virtual assigned to your and the money will reflect immediately. On BluNest, you can top-up using your ATM card. There's no MMF that offers monthly interest payment. |
| noble71(m): 12:06am On Mar 25 |
Youngzedd:stanbic IBTC is between 21% to 22% annually. So it is same. |
| richgang(m): 5:11pm On Mar 25 |
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Cowrywise is 22 percentage while Stanbic is 21 percentage. Should I invest in Cowrywise or stanbic. Is Cowrywise a good investment . Are they secure?
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| Youngzedd(m): 6:49pm On Mar 25 |
richgang: Stanbic IBTC is more liquid than them, followed by FBNQuest. The choice of where to put your money is yours to make. |
| jplambert: 8:40pm On Mar 25 |
emmasoft: Stanbic mmf today is 19.98 which is another decline Fbnquest was 22% |
| jplambert: 8:43pm On Mar 25 |
noble71: Stanbic is 19.98 today If you put 100m in fbnquest & STANBIC, you will make more than 2m on your fbnquest compared to STANBIC mmf I think fbnquest is much more better than STANBIC IBTC 1 Like |
| egojeny1(f): 9:50pm On Mar 25 |
jplambert:Nawa o, what a sharp decline |
| TheOvercomer(m): 9:51pm On Mar 25 |
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Stanbic Money Market compound its interest rate monthly, while Meristem does hers quarterly. Does Cowry rise compound her interest rate at all? If yes, then how often? |
| iamrichiefola(m): 9:55pm On Mar 25 |
TheOvercomer: Yes, they compound quarterly. |
| emmasoft(m): 10:00pm On Mar 25 |
jplambert: I guess many of us are new to how MMF work. MMF is always in a range and valued daily and rates are subject to economic realities. You don't judge MMF performance by just one day or few days rate. The truth is that at the long run, returns from MMFs are virtually the same all things being equal. One major reason and advantage of MMF is that the rate is always higher than the regular savings in MDBs and the benchmark is the rate of 3 months TBills. Hence any MMF doing the same as 90 days Tbills rate or more is regarded as normal. Like I always say, let's enjoy the rates while it last. Ask those who have been around for long in the mutual fund business, you will understand that rates were less than 6% at a time and Tbills were practically no go area with rates as low as 3% then. Don't also forget that MMF is a low risk investment so investors' expectations should not be too high as to make it look like it's a volatile investment such as stocks or other riskier investment windows. 9 Likes 1 Share |
| Neurotika: 10:08pm On Mar 25 |
egojeny1: 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. |
| emmasoft(m): 10:45pm On Mar 25 |
Neurotika: 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 1 Like |
| egojeny1(f): 3:07am On Mar 26 |
Neurotika:Exactly |
| Neurotika: 7:05am On Mar 26 |
emmasoft: 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. 2 Likes |
| Ndidi2: 8:35am On Mar 26 |
civilserva:Quite strange. I have been with them for over 7 year and never had issues . I transfer money to them and on the narration put my e number and boom before 6 pm my money is resting. And all transactions before 12pm. From experience they are the best and efficient Yesterday l made a withdrawal by 8am and few minutes 10 l got alert 1 Like |
| Bababull: 9:51am On Mar 26 |
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Stanbic ibtc are reliable with efficient customers service.
2 Likes |
| noble71(m): 10:57am On Mar 26 |
jplambert:please how do I create a FBNQuest ? |
| yungmin: 11:36pm On Mar 26 |
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Please, anyone knows about GTfundmamagers? Does GTbank have a MMF? Please, confirm
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