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Mutual Funds - Investment (363) - Nairaland 126y6w

Mutual Funds (1178193 Views)

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freeman67: 10:08pm On Apr 22
Esthered:
Please for withdrawal from a Mutual fund (FBNQuest), am I supposed to write a handwritten application or a mail can suffice?

If you have the FBNQuest App, redemption on the app should suffice. If you don't, emailing them with your verified email will suffice. They already have your verified where they will put it.
Esthered: 10:15pm On Apr 22
freeman67:


If you have the FBNQuest App, redemption on the app should suffice. If you don't, emailing them with your verified email will suffice. They already have your verified where they will put it.

Thanks a lot.
Preator: 7:20am On Apr 23
Taal17:


In setting up with stanbic ibtc money market funds does it ask for referral code?

Trying to get my nephew to sign up and he's saying it's asking for referral code
What does that mean

I have a stanbic so I did mine years ago and then it was a form not the Blu nest app

Can be ignored. It will still go through
xyrexzmanto: 8:11am On Apr 23
Please I want to withdrawl my funds from stanbic MMF how do I really go about it ?
Pierce008: 9:18am On Apr 23
Goood morning ladies and gentlemen.

Who have idea on how to transfer funds into FBNQuest MMF ? I have been trying to do that via the FBNEdge app by using card, it's just not working..
VeeInsider: 5:06pm On Apr 23
xyrexzmanto:
Please I want to withdrawl my funds from stanbic MMF how do I really go about it ?

This depends on the platform you're using. I've used the app and web platform. I've also done my redemption via their branch. It is all easy with Stanbic IBTC.

For the app and web platform, you can simply using your details, click on redemption/redeem and enter the amount.

If done after 12pm, it might reflect in your bank the next day. But if done before 12pm, it will reflect in your the same day.

If you're using their physical branch, you can sinply walk in and ask them for redemption form, fill and submit the form.

1 Like

Saybal(m): 5:13pm On Apr 23
VeeInsider:


This depends on the platform you're using. I've used the app and web platform. I've also done my redemption via their branch. It is all easy with Stanbic IBTC.

For the app and web platform, you can simply using your details, click on redemption/redeem and enter the amount.

If done after 12pm, it might reflect in your bank the next day. But if done before 12pm, it will reflect in your the same day.

If you're using their physical branch, you can sinply walk in and ask them for redemption form, fill and submit the form.
if am making withdrawal through their physical branch how long does it take for the money to drop in my
chigozie69: 7:04pm On Apr 23
Hello house, I want to for FBNquest, how do I go about it?
hizzylife(f): 8:37pm On Apr 23
VeeInsider:


This depends on the platform you're using. I've used the app and web platform. I've also done my redemption via their branch. It is all easy with Stanbic IBTC.

For the app and web platform, you can simply using your details, click on redemption/redeem and enter the amount.

If done after 12pm, it might reflect in your bank the next day. But if done before 12pm, it will reflect in your the same day.

If you're using their physical branch, you can sinply walk in and ask them for redemption form, fill and submit the form.

Please do you know if physical branch redemption have amount limit? Can one redeem above the limit for app? Thanks
VeeInsider: 10:23pm On Apr 23
hizzylife:


Please do you know if physical branch redemption have amount limit? Can one redeem above the limit for app? Thanks

There's no limit for physical branch redemption.
iamrichiefola(m): 5:29am On Apr 24
Please I need opening form for GT Fund Managers Ltd

Kindly reach me through [email protected]
Pierce008: 8:18am On Apr 24
chigozie69:
Hello house, I want to for FBNquest, how do I go about it?

Simply reach out to them via email: [email protected]

To Get their customer care email address or confirm it, just type "fbnquest customer care" on Google.
hizzylife(f): 9:20am On Apr 24
VeeInsider:


There's no limit for physical branch redemption.

Very good to know. Thank you

1 Like

IchKampf: 9:53am On Apr 24
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freeman67: 10:45am On Apr 24
Pierce008:
Goood morning ladies and gentlemen.

Who have idea on how to transfer funds into FBNQuest MMF ? I have been trying to do that via the FBNEdge app by using card, it's just not working..


their Customer Care to get their Citi Bank Number. Then transfer the money to that and make sure you type only FBNQUEST MMF number on the remarks/reason for payment column.

1 Like

Skudi: 1:45pm On Apr 24
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!

Dont you have an officer?
Neurotika: 5:31pm On Apr 24
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.

1 Like

Bossgem: 9:06pm On Apr 24
Hello house. I recently opened a mutual funds with Norrenberger. I also funded it.

Please who is currently using Norrenberger for mutual funds and what is the experience with them like.

I'm still new to mutual funds. I funded my mutual funds today. If I want to invest more money by next month, will the money be used to subscribe a separate unit of MMF or will it be added to my existing mmf money. Please help me understand
emmasoft(m): 10:37pm On Apr 24
Bossgem:
Hello house. I recently opened a mutual funds with Norrenberger. I also funded it.

Please who is currently using Norrenberger for mutual funds and what is the experience with them like.

I'm still new to mutual funds. I funded my mutual funds today. If I want to invest more money by next month, will the money be used to subscribe a separate unit of MMF or will it be added to my existing mmf money. Please help me understand

@Bossgem, welcome to Norrenberger.

You can top up your MMF any time with any amount from 5k. The amount will be added to your existing capital and interest is always calculated based on the available balance of your MMF at any point in time.

1 Like

aloshio(m): 8:18am On Apr 25
I'm a product designer with 4years experience, I gained lots of hands-on experience working on different deg Apps and websites, for fintech, e-commerce, SAAS products etc and also worked on different products that are live and available on playstore

Email: [email protected]

I'm interested to work with you

I’m looking forward to hearing from you.

Bossgem: 9:34am On Apr 25
emmasoft:


@Bossgem, welcome to Norrenberger.

You can top up your MMF any time with any amount from 5k. The amount will be added to your existing capital and interest is always calculated based on the available balance of your MMF at any point in time.



Thank you
Lindaa97(f): 3:03pm On Apr 25
emmasoft:


Good afternoon @Lindaa97. Sincerely I prefer Norrenberger when it comes to dollar fund beacuse of better rate and the fact that they accept naira and do conversion to dollar at the point of investment.

Yes, for Stanbic dollar fund, you need to have the dollar and also have a dom .

You can chat me up.

Good afternoon, I set up the with Norrenberger, and upon trying to set up the dollar fund, the customer care informed me that I have to pay in dollars to their dollar . meaning that I need USD to fund or access their dollar investments, as they do not do any conversion.
emmasoft(m): 3:41pm On Apr 25
Lindaa97:


Good afternoon, I set up the with Norrenberger, and upon trying to set up the dollar fund, the customer care informed me that I have to pay in dollars to their dollar . meaning that I need USD to fund or access their dollar investments, as they do not do any conversion.

True, that conversion policy just changed of recent.
The window is closed, now customers have to bring in their dollars just like other fund managers do, they have to do the conversion by themselves.

However, the good part is that you can still deposit your dollar cash.
Once you do the conversion, just deposi the cash. It's actually cheaper because Norrenberger conversion rate use to be a little higher than black market rate.

1 Like

Oyindamolah: 7:02am On Apr 26
Good morning

Please confirm the minimum amount one can invest in MMF dollar
emmasoft:


True, that conversion policy just changed of recent.
The window is closed, now customers have to bring in their dollars just like other fund managers do, they have to do the conversion by themselves.

However, the good part is that you can still deposit your dollar cash.
Once you do the conversion, just deposi the cash. It's actually cheaper because Norrenberger conversion rate use to be a little higher than black market rate.
0ubenji(m): 9:59am On Apr 26
Oyindamolah:
Good morning

Please confirm the minimum amount one can invest in MMF dollar
It depends on the fund manager and investment product. Research about the one you are interested in and you'll find all the details you need.

1 Like

chigozie69: 11:37am On Apr 26
Thank you

Simply reach out to them via email: [email protected]

To Get their customer care email address or confirm it, just type "fbnquest customer care" on Google.




[/quote]
Oyindamolah: 12:24pm On Apr 26
0ubenji:

It depends on the fund manager and investment product. Research about the one you are interested in and you'll find all the details you need.
Norenburg
emmasoft(m): 2:05pm On Apr 26
Oyindamolah:
Good morning

Please confirm the minimum amount one can invest in MMF dollar

The minimum initial deposit is $550. Subsequent top-ups are money for one unit, which is about $103
jayce232: 2:20pm On Apr 26
emmasoft:


The minimum initial deposit is $550. Subsequent top-ups are money for one unit, which is about $103
Does this Norrenberger dollar mmf operate same like our local currency mmf? I thought their dollar fund investment is different from mmf?

1 Like

emmasoft(m): 3:11pm On Apr 26
jayce232:

Does this Norrenberger dollar mmf operate same like our local currency mmf? I thought their dollar fund investment is different from mmf?

Please note that all dollar funds, including NDF, operate differently from MMF. They don't have the same underlying assets. While MMF assets are TBills and commercial papers, Dollar funds have eurobonds as underlying assets.

In investment categorization with respect to risk, an MMF is low-risk or conservative, while a dollar fund is medium-risk or moderately conservative.

3 Likes

jayce232: 3:35pm On Apr 26
emmasoft:


Please note that all dollar funds, including NDF, operate differently from MMF. They don't have the same underlying assets. While MMF assets are TBills and commercial papers, Dollar funds have eurobonds as underlying assets.

In investment categorization with respect to risk, an MMF is low-risk or conservative, while a dollar fund is medium-risk or moderately conservative.
Okay thanks for the explanation

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