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Mutual Funds - Investment (361) - Nairaland 5l2w6h

Mutual Funds (1186353 Views)

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Tickles001(m): 3:01pm On Apr 10
Finally decided to give low risk investment a try.
I'm considering opening an with stanbic mmf and fbn quest.
I need someone experienced to point me to the first step. Maybe a link or something that cheesy
emmasoft(m): 4:23pm On Apr 10
Tickles001:
Finally decided to give low risk investment a try.
I'm considering opening an with stanbic mmf and fbn quest.
I need someone experienced to point me to the first step. Maybe a link or something that cheesy

@Tickles001, to open an with Stanbic, click the first link in my signature, scroll to money market fund, and click Buy now then complete the form.

You can call/chat with me using the phone number in my signature
Tickles001(m): 6:43pm On Apr 10
emmasoft:


@Tickles001, to open an with Stanbic, click the first link in my signature, scroll to money market fund, and click Buy now then complete the form.

You can call/chat with me using the phone number in my signature
Alright. Thanks
Though I've been on that site all morning, just wanted to make sure I'm on the right track before filling my information
emmasoft(m): 7:21pm On Apr 10
Tickles001:

Alright. Thanks
Though I've been on that site all morning, just wanted to make sure I'm on the right track before filling my information

You are in the right place. Go ahead and complete the form. Once done today, by tomorrow, you will get your e- number

If you get the details early enough, you can start investing immediately so that you have value for your deposit the same tomorrow and earn the interest, including the interest for the weekend, but if you get the details in the afternoon, you can wait to start investing on Monday
because deposits made on Friday afternoon and Monday morning have value and earn interest on Monday.
Tickles001(m): 7:35pm On Apr 10
emmasoft:


You are in the right place. Go ahead and complete the form. Once done today, by tomorrow, you will get your e- number

If you get the details early enough, you can start investing immediately so that you have value for your deposit the same tomorrow and earn the interest, including the interest for the weekend, but if you get the details in the afternoon, you can wait to start investing on Monday
because deposits made on Friday afternoon and Monday morning have value and earn interest on Monday.

I so much appreciate this information 🙏
Tickles001(m): 9:04am On Apr 11
emmasoft:


You are in the right place. Go ahead and complete the form. Once done today, by tomorrow, you will get your e- number.
Good morning,
I'm having serious problems ing my documents.
It keeps returning error message and won't my pictures.
Does this normally happen and do you know how I can get to my documents?
jayce232: 10:18am On Apr 11
Tickles001:

Good morning,
I'm having serious problems ing my documents.
It keeps returning error message and won't my pictures.
Does this normally happen and do you know how I can get to my documents?
It may be due to your file size, reduce your documents file size.
Dramadiddy(m): 10:19am On Apr 11
i searched the SEC and saw piggyvest there as a fund manager, does it mean they’re into asset management/mutual funds ?
Tickles001(m): 10:24am On Apr 11
jayce232:

It may be due to your file size, reduce your documents file size.
That was actually the problem. Thanks

anything above 500kb was rejected, but they stated 2MB as limit
emmasoft(m): 10:26am On Apr 11
Tickles001:

Good morning,
I'm having serious problems ing my documents.
It keeps returning error message and won't my pictures.
Does this normally happen and do you know how I can get to my documents?

Reduce the size of the documents you are attaching, and make sure your network is good enough so that it will go seamlessly.
Maya30(f): 8:05pm On Apr 11
What if I want to use Norrenberger "Emma," can you help me?
emmasoft(m): 9:56pm On Apr 11
Maya30:
What if I want to use Norrenberger "Emma," can you help me?

Yes, I will be available to help. I replied your mail already. You can chat me up.

Meanwhile, the opening form for Norrenberger MMF is attached here.

Preator: 11:44pm On Apr 11
I heard stanbic has tier 1, tier 3 and s . Does anyone knws the features of each and how to knw which tier one is on
emmasoft(m): 2:19am On Apr 12
Preator:
I heard stanbic has tier 1, tier 3 and s . Does anyone knws the features of each and how to knw which tier one is on

During registration for Stanbic MMF, you can pick tier 1 or tier 3 ().

Tier 1 is limited such that you can't have more than 200k in that , and you can't deposit more than 20k at a time. You need a minimal KYC to open this. Just your ID card.

Tier 3 or the , as some other fund managers use it, is unlimited, with no restrictions as per the balance and deposit amount. This requires that you provide full KYC documents - port photo, ID card, and proof of address.

It's always better to pick Tier 3 and provide all required KYC documents so that there be no restrictions placed on your .

Tier 1 is usually for the very low-income bracket, students, etc. It's to encourage investment or financial inclusion.

4 Likes

Preator: 11:50am On Apr 12
emmasoft:


During registration for Stanbic MMF, you can pick tier 1 or tier 3 ().

Tier 1 is limited such that you can't have more than 200k in that , and you can't deposit more than 20k at a time. You need a minimal KYC to open this. Just your ID card.

Tier 3 or the , as some other fund managers use it, is unlimited, with no restrictions as per the balance and deposit amount. This requires that you provide full KYC documents - port photo, ID card, and proof of address.

It's always better to pick Tier 3 and provide all required KYC documents so that there be no restrictions placed on your .

Tier 1 is usually for the very low-income bracket, students, etc. It's to encourage investment or financial inclusion.

Thanks for the clarity. Someone mentioned that her own was and has an manager. Was a bit confused cos when i signed up na only tier 1 and tier 3 i saw.
EbizNazy(m): 12:27pm On Apr 13
The ARM MMF is not showing any amount when I open the app and also I can't withdraw. Is anyone experiencing same?
Bossgem: 1:43pm On Apr 13
I am new to investing and based on the information on this thread, I ed with Stanbic MMF. They sent me Blunest details. I went through the Blunest portal on Friday 11. I sent 5k to the wallet on the Blunest portal to test things out. The money was debited from my First bank but never reflected in the Blunest wallet . I have sent a complaint on the app and even on Twitter. The Stanbic on Twitter asked me to wait 24 hours. It is now more than 24 hours, yet the Blunest was never credited. Please, can someone advise?
Uberchic1: 2:56pm On Apr 13
Bossgem:
I am new to investing and based on the information on this thread, I ed with Stanbic MMF. They sent me Blunest details. I went through the Blunest portal on Friday 11. I sent 5k to the wallet on the Blunest portal to test things out. The money was debited from my First bank but never reflected in the Blunest wallet . I have sent a complaint on the app and even on Twitter. The Stanbic on Twitter asked me to wait 24 hours. It is now more than 24 hours, yet the Blunest was never credited. Please, can someone advise?

Give them 24 business/working hours. You made the transaction on a Friday. Be patient. This is still sunday. It should reflect before close of business on Monday.
emmasoft(m): 4:02pm On Apr 13
Bossgem:
I am new to investing and based on the information on this thread, I ed with Stanbic MMF. They sent me Blunest details. I went through the Blunest portal on Friday 11. I sent 5k to the wallet on the Blunest portal to test things out. The money was debited from my First bank but never reflected in the Blunest wallet . I have sent a complaint on the app and even on Twitter. The Stanbic on Twitter asked me to wait 24 hours. It is now more than 24 hours, yet the Blunest was never credited. Please, can someone advise?

@Bossgem, if you have read most of my posts on a similar case, you will understand that everything is in order. Just as advised by @Uberchic1, wait for the next business day, which is tomorrow, Monday. By the way it works, that payment you made on Friday afternoon is the same as if it were made on Monday morning. For most Fund managers, noon is the cut-off time, so any payment made after that time is regarded as the next business day payment. You will get value and interest from Monday.

Please let's note that MMF is not like cash in the bank, value is not instant. There is a need to get confirmation from the collection (custodian) bank.

7 Likes

Bossgem: 6:54pm On Apr 13
emmasoft:


@Bossgem, if you have read most of my posts on a similar case, you will understand that everything is in order. Just as advised by @Uberchic1, wait for the next business day, which is tomorrow, Monday. By the way it works, that payment you made on Friday afternoon is the same as if it were made on Monday morning. For most Fund managers, noon is the cut-off time, so any payment made after that time is regarded as the next business day payment. You will get value and interest from Monday.

Please let's note that MMF is not like cash in the bank, value is not instant. There is a need to get confirmation from the collection (custodian) bank.

Thank you for your reply. I made a transfer to the nuban wallet on my Blunest portal. I have not purchased any MMF yet. From the knowledge section on the Blunest portal, it says to fund the wallet first and then use the funds in the wallet to subscribe to MMF. My issue is that the money sent to this wallet, did not show up. I will wait like you suggested.
Bossgem: 6:55pm On Apr 13
Uberchic1:


Give them 24 business/working hours. You made the transaction on a Friday. Be patient. This is still sunday. It should reflect before close of business on Monday.
Thank you for your reply. I will wait like you suggested.
vefexam: 8:35am On Apr 14
Thomaths:
Pls is there anyone here with ARM MMF? I will like to compare the rates

Yes i do
vefexam: 8:42am On Apr 14
EbizNazy:
The ARM MMF is not showing any amount when I open the app and also I can't withdraw. Is anyone experiencing same?

Its a bugg/network glitch.

It happens sometimes
Larash: 12:29pm On Apr 14
Please how many days those it takes to open Stanbic mmmf in bank not online , after giving them all documents they needed .
emmasoft(m): 1:04pm On Apr 14
Larash:
Please how many days those it takes to open Stanbic mmmf in bank not online , after giving them all documents they needed .

Going to the banking hall to open MMF is not the best choice. They can take as long as they want. MMF is not first priority in the banking hall.

Banking and asset management are two different thing irrespective of the fact that both are in the same holding company.

Going to the banking hall doesn't have an advantage over those who decide to open with the link.

The best is to deal with the asset management arm directly and that you can do by filling the online form.
When you use the online form, your opens within 24hrs on a working day.

Click the first link on my signature to open an MMF with Stanbic.
NL1960: 2:05pm On Apr 14
emmasoft:


Going to the banking hall to open MMF is not the best choice. They can take as long as they want. MMF is not first priority in the banking hall.

Banking and asset management are two different thing irrespective of the fact that both are in the same holding company.

Going to the banking hall doesn't an advantage over those who decide to open with the link.

The best is to deal with the asset management arm directly and that you can do by filling the online form.
When you use the online form, your opens within 24hrs on a working day.

Click the first link on my signature to open an MMF with Stanbic.

The branch staff will even start convincing you to open a Fixed Deposit instead.

3 Likes

emmasoft(m): 2:43pm On Apr 14
NL1960:


The branch staff will even start convincing you to open a Fixed Deposit instead.

You know them, they don't like investors one bit because most times investors' action reduce their inflow and their target is at stake.

2 Likes

Jerrygotswagg(m): 7:36pm On Apr 14
emmasoft:


Going to the banking hall to open MMF is not the best choice. They can take as long as they want. MMF is not first priority in the banking hall.

Banking and asset management are two different thing irrespective of the fact that both are in the same holding company.

Going to the banking hall doesn't have an advantage over those who decide to open with the link.

The best is to deal with the asset management arm directly and that you can do by filling the online form.
When you use the online form, your opens within 24hrs on a working day.

Click the first link on my signature to open an MMF with Stanbic.
I’m trying to Stanbic . It’s redirecting me to Blunest website. Is this bluenest a legitimate stanbic website. Should I input my Bvn and other information?

Rhyah(f): 8:05pm On Apr 14
Anyone experienced this with FBN Quest before?

Redemption alert came from fund manager since afternoon but up till this night, funds are yet to drop into .
Could something have gone wrong?
emmasoft(m): 8:30pm On Apr 14
Jerrygotswagg:
I’m trying to Stanbic . It’s redirecting me to Blunest website. Is this bluenest a legitimate stanbic website. Should I input my Bvn and other information?

It's okay. Go ahead bluenest is upgraded platform of stanbic. I hope you are using the first link of my signature.
VeeInsider: 11:56pm On Apr 14
Good evening, everyone. I would like to inquire about the number of withdrawals permitted per month for Stanbic Mutual Funds. Many savings s limit withdrawals to three per month to maintain interest; I am curious if a similar restriction applies to Money Market Funds.

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