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Mutual Funds - Investment (366) - Nairaland 6w711c

Mutual Funds (1175123 Views)

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yesloaded: 12:34pm On May 10
oyekan1997:


Thank you, boss. I'm yet to receive any E-, though.

Do you have your details?

If yes, to the mobile app and check

1 Like

Inception(m): 6:15pm On May 10
Please which MMF has the best rate so far
Allboiz: 8:35am On May 11
Which other mutual fund investment management like United Capital can credit one immediately after initiating a withdrawal including weekends?
Sometimes united capital does one technical fixing or the other, and one may need emergency fund at any time. I want to spread my funds.
emmasoft(m): 3:48pm On May 12
Get 22.6% on your capital if you invest in the Norrenberger MMF.

See the attached opening form or talk to me.

1 Like

Investuz: 4:15pm On May 12
emmasoft:

Get 22.6% on your capital if you invest in the Norrenberger MMF.

See the attached opening form or talk to me.

How can one be sure accrued interests are being reinvested? Not sure if I gave such instruction as at the time of filling the form years back with ibtc mmf
emmasoft(m): 4:56pm On May 12
Investuz:

How can one be sure accrued interests are being reinvested? Not sure if I gave such instruction as at the time of filling the form years back with ibtc mmf

By default, your interest is reinvested except if it's otherwise. To be sure of your option, check your transactions, you will always see a transaction of subscription that you didn't do a top-up for at the end of each month
Saybal(m): 5:39pm On May 12
emmasoft:

Get 22.6% on your capital if you invest in the Norrenberger MMF.

See the attached opening form or talk to me.

Do they have monthly reinvestment at the end of each month like stanbic MMF
Investuz: 5:39pm On May 12
emmasoft:


By default, your interest is reinvested except if it's otherwise. To be sure of your option, check your transactions, you will always see a transaction of subscription that you didn't do a top-up for at the end of each month
What I'm seeing at the end of each month is titled Interest Gained.. is it the same thing?
emmasoft(m): 7:37pm On May 12
Investuz:

What I'm seeing at the end of each month is titled Interest Gained.. is it the same thing?

Yes, it's. If you didn't pick reinvestment, you will only see a pay out into your bank at the end of each quarter.

2 Likes

emmasoft(m): 7:38pm On May 12
Saybal:
Do they have monthly reinvestment at the end of each month like stanbic MMF

Reinvestment is done at the end of each quarter.
djaybaba: 7:55pm On May 12
emmasoft:


Reinvestment is done at the end of each quarter.

That makes stanbic mmf better i guess, since interest is compounded monthly.

1 Like

Investuz: 11:24pm On May 12
emmasoft:


Yes, it's. If you didn't pick reinvestment, you will only see a pay out into your bank at the end of each quarter.

Phew.. this is good to know.i appreciate
Neurotika: 5:41am On May 13
djaybaba:


That makes stanbic mmf better i guess, since interest is compounded monthly.

No they’re not. I used to think the same way, but the difference in returns really doesn't matter much over time, even if the rates are identical. If you crunch the numbers, you’ll see what I mean. In this case, with a nearly 2% difference in rates, the fund providing those higher quarterly returns will always outperform Stanbic.
Feygbe: 9:39am On May 13
Hello all. Thank you for the wonderful information provided. I'm kindly seeking recommendations between Norrenberger and FBNquest for MMF.
emmasoft(m): 11:29am On May 13
Feygbe:
Hello all. Thank you for the wonderful information provided. I'm kindly seeking recommendations between Norrenberger and FBNquest for MMF.

Go with Norrenberger.

See the opening form attached.

Feygbe: 12:11pm On May 13
Thank you very much.

I kindly PM'ed you. Please reply.

emmasoft:


Go with Norrenberger.

See the opening form attached.
emmasoft(m): 12:39pm On May 13
Feygbe:
Thank you very much.

I kindly PM'ed you. Please reply.


I already replied before I saw your post.

1 Like

simplebb: 1:58pm On May 13
Please can someone help me with Stanbic MMF customer care number, a transaction since 8th of May is yet to reflect in my . All the mails I have sent didn’t get any response.

cc: @emmasoft
emmasoft(m): 6:05pm On May 13
simplebb:
Please can someone help me with Stanbic MMF customer care number, a transaction since 8th of May is yet to reflect in my . All the mails I have sent didn’t get any response.

cc: @emmasoft

zero two zero one two eight zero five five nine five


I dey try avoid ban o

1 Like

Tolu2024(f): 11:06pm On May 13
emmasoft:

Get 22.6% on your capital if you invest in the Norrenberger MMF.

See the attached opening form or talk to me.


22.6% look interesting 🤨
Can they give loan with your MMF?
Gbengstar: 6:08am On May 14
I made a transfer to Stanbic IBTC virtual and used the fund to top up mutual funds subscription since 8th of May and up till now it has not reflected on my mutual funds asset balance.

I have called their customer care thrice now and yet nothing has been done about it and no reasonable reason from them on why there is a delay.

Please what else can I do? I don't want to lose my investment
emmasoft(m): 6:47am On May 14
Gbengstar:
I made a transfer to Stanbic IBTC virtual and used the fund to top up mutual funds subscription since 8th of May and up till now it has not reflected on my mutual funds asset balance.

I have called their customer care thrice now and yet nothing has been done about it and no reasonable reason from them on why there is a delay.

Please what else can I do? I don't want to lose my investment

Sorry about your experience. One thing I'm sure about. You will never lose your investment.

I believe this transition to blunest is causing some glitches.

Personally I still prefer the traditional way of top up by make use of their UBA collection and using my e- number as narration.

Just keep calling the customer care they will resolve it.

2 Likes

emmasoft(m): 7:20am On May 14
Tolu2024:


22.6% look interesting 🤨
Can they give loan with your MMF?

No, they don't.
oyekan1997(m): 11:58am On May 14
I tried to deposit some money into the Stanbic MMF’s UBA collection earlier today, but the transaction was reversed and the system says “beneficiary not available”. What is going on, please?
jayce232: 12:49pm On May 14
oyekan1997:
I tried to deposit some money into the Stanbic MMF’s UBA collection earlier today, but the transaction was reversed and the system says “beneficiary not available”. What is going on, please?
It is network
I experienced same yesterday & tried again it went through.

1 Like

Rhyah(f): 6:32pm On May 14
Did anything happen to United Capital?
Haven't been able to for daysss now...only to log on and my MMF portfolio is at 0. I didn't request withdrawal.

Are they experiencing any challenge, any communication I missed or what?
Gbengstar: 9:01pm On May 14
emmasoft:


Sorry about your experience. One thing I'm sure about. You will never lose your investment.

I believe this transition to blunest is causing some glitches.

Personally I still prefer the traditional way of top up by make use of their UBA collection and using my e- number as narration.

Just keep calling the customer care they will resolve it.

I eventually got the top up subscription. Thank you
freeman67: 9:07pm On May 14
Rhyah:
Did anything happen to United Capital?
Haven't been able to for daysss now...only to log on and my MMF portfolio is at 0. I didn't request withdrawal.

Are they experiencing any challenge, any communication I missed or what?

It happens like that most times during maintenance/updates. Just try it again later. I am sure everything will be fine by then.

1 Like

emmasoft(m): 9:44pm On May 14
oyekan1997:
I tried to deposit some money into the Stanbic MMF’s UBA collection earlier today, but the transaction was reversed and the system says “beneficiary not available”. What is going on, please?

That is bank network issues. Most times such error messages is inter bank problems. Try again or make a transfer with another bank.
First Bank does that a lot from experience, it seems its network with UBA always encounter issues during transfer.

1 Like

Batman2412(m): 11:57pm On May 14
No challenges. Just maintenance. Try now. It's opening
Rhyah:
Did anything happen to United Capital?
Haven't been able to for daysss now...only to log on and my MMF portfolio is at 0. I didn't request withdrawal.

Are they experiencing any challenge, any communication I missed or what?

1 Like

Foodempire: 5:18pm On May 15
Pls how can I can fund my stanbic money market without going to stanbic bank? Do they have an number one can transfer to like fbnquest does?, if yes kindly share the number. Thanks.
emmasoft(m): 12:17am On May 16
Foodempire:
Pls how can I can fund my stanbic money market without going to stanbic bank? Do they have an number one can transfer to like fbnquest does?, if yes kindly share the number. Thanks.

There are two ways to fund your with the the BluNest platform.

When you to your , generate a personalized Stanbic wallet through which you can fund your MMF or make a transfer to their collection , usually a UBA bank , using your e- number as your narration. You don't need to be in a Stanbic bank to fund your MMF , except if you have an with them and you decide to use the banking hall.

1 Like

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