NewStats: 3,264,069 , 8,182,487 topics. Date: Monday, 09 June 2025 at 02:17 PM 3x2k1b

Please does anyone have a in United Capital? I have completed the opening form for over a month. I keep sending them reminders after reminders, they sent a form last week for me to complete (which I did) they haven't reverted since then.

sgtponzihater1:
Good day for Stanbic MMF 11.04%.

Pls how do you know/calculate the rate on daily basis?

egojeny1:

Pls how do you know/calculate the rate on daily basis?

It updates on the website.

iamrichiefola:
Please does anyone have a in United Capital? I have completed the opening form for over a month. I keep sending them reminders after reminders, they sent a form last week for me to complete (which I did) they haven't reverted since then.

0816

828

2396
You can chat them up on What's App with the number above. Reminders sent there is easily seen and attended to.

freeman67:


Normal you should have indicated that the interest be paid to a particular while subscribing.

That said, it's two ways. You can request for redemption of the interest amount on your app if your security question is already set or make the request through a branch Stanbic IBTC Bank.

Thanks Bro

freeman67:


0816

828

2396
You can chat them up on What's App with the number above. Reminders sent there is easily seen and attended to.

Thanks a million

sgtponzihater1:


It updates on the website.

Ok

Pls someone should put me through.
I just started this mutual funds investment and I noticed that the interest stopped adding up on 31st May. When I clicked on it I saw re-invest. Pls do I need to re-invest again to continue?

If yes, should I add the interest gained so far?

egojeny1:
Pls someone should put me through. I just started this mutual fund investment and I noticed that the interest stopped adding up on 31st May. When I clicked on it I saw re-invest. Pls do I need to re-invest again to continue?

If yes, should I add the interest gained so far?

Are you with Stanbic?
If you ticked re-invest when g up, it does automatically. If not it pays out to your nominated .

All the best

sgtponzihater1:


Are you with Stanbic?
If you ticked re-invest when g up, it does automatically. If not it pays out to your nominated .

All the best

Yes, I'm with Stanbic. I ticked re-invest but I'm surprised it stopped adding up since 31st May

egojeny1:

Yes, I'm with Stanbic. I ticked re-invest but I'm surprised it stopped adding up since 31st May

Strange, but you should be sorted soon . Pease customer care by Monday if still having difficulties. Things can be unsettling in the beginning, but all will be well moving forward.

sgtponzihater1:


Strange, but you should be sorted soon . Pease customer care by Monday of still having difficulties. Things can be unsettling in the beginning, but all will be well moving forward.

Ok, thanks so much

Hello my fellow investors.

Pease what is the meaning of this 'The management fee is 1.5% per annum' for Stanbic money market fund?

adedayo77:
Hello my fellow investors.

Pease what is the meaning of this 'The management fee is 1.5% per annum' for Stanbic money market fund?

1.5% of your funds goes to their pocket every year to manage your portfolio

sgtponzihater1:


1.5% of your funds goes to their pocket every year to manage your portfolio

Is it 1.5% of capital or 1.5% of interest earned?.

NL1960:


Is it 1.5% of capital or 1.5% of interest earned?.

Everything

sgtponzihater1:


Everything

Do not understand. I ask an 'or' question.

NL1960:


Do not understand. I ask an 'or' question.

They take 1.5% of your principal and accrued interest every year. If your portfolio is up, you should notice, but if you have stock based funds their are time when their fees may mop up some of your principal. The percentage interest shown, for MMF, is effective yield after factoring in management fees.

Hope this helps

sgtponzihater1:


They take 1.5% of your principal and accrued interest every year. If your portfolio is up, you should notice, but if you have stock based funds their are time when their fees may mop up some of your principal. The percentage interest shown, for MMF, is effective yield after factoring in management fees.

Hope this helps

Bro. Pls the interest showing has taken care of the charges? If yes that means no further deductions from the current money am seeing?

aremso:


Bro. Pls the interest showing has taken care of the charges? If yes that means no further deductions from the current money am seeing?

You should usually not see how the charges are taken. So what you see is what you have

I was answering to the question. These investment bankers take the money in a such a sleek way that you shouldn't notice, since they publish effective yield.

My bosses may explain further if required.

sgtponzihater1:


You should usually not see how the charges are taken. So what you see is what you have

I was answering to the question. These investment bankers take the money in a such a sleek way that you shouldn't notice, since they publish effective yield.

My bosses may explain further if required.

Sorry pls this is my first time to do MMF. 1.50% of my total fund will bite me for body oo let them not let me know how they are deducting it abeg

aremso:


Sorry pls this is my first time to do MMF

Thats ok bro. Happy to answer any question as much as I understand. We are all in the journey together.

sgtponzihater1:


Strange, but you should be sorted soon . Pease customer care by Monday if still having difficulties. Things can be unsettling in the beginning, but all will be well moving forward.

Sorted, thanks

sgtponzihater1:


They take 1.5% of your principal and accrued interest every year. If your portfolio is up, you should notice, but if you have stock based funds their are time when their fees may mop up some of your principal. The percentage interest shown, for MMF, is effective yield after factoring in management fees.

Hope this helps

Is this a standard in the industry or just peculiar to Stanbic MMF?.

NL1960:


Is this a standard in the industry or just peculiar to Stanbic MMF?.

It's standard world over for management fee to cover the total amount managed (i.e the interest and principal). What is different is the fee percentage for some funds fees are cheaper than others.

In an ideal world 1.5% fees is too high, especially if you are high net worth. The alternative you have is to find a cheaper manager, invest in ively managed index fund or manage your fund yourself.

sgtponzihater1:


It's standard world over for management fee to cover the total amount managed (i.e the interest and principal). What is different is the fee percentage for some funds fees are cheaper than others.

In an ideal world 1.5% fees is too high, especially if you are high net worth. The alternative you have is to find a cheaper manager, invest in ively managed index fund or manage your fund yourself.

Thanks

Please What capital preserving fund is available?

ubfacility:
Please What capital preserving fund is available?

Money market fund, bond fund, fixed income funds

adedayo77:
Hello my fellow investors.

Pease what is the meaning of this 'The management fee is 1.5% per annum' for Stanbic money market fund?

In the simplest term without going into much intricases, what it means is that the return on your investment will reduce by that same value.
So when your return is stated as 10.5%
It means your return suppose to be 12% ie 10.5+1.5
Mgt fees is calculated on Asset under management (AUM).

Just wondering why Money Market interests are on the rise (Stanbic and FBN is about 11.03% )and Treasury bills percentage interest is dropping

Chikebrain:
Just wondering why Money Market interests are on the rise (Stanbic and FBN is about 11.03% )and Treasury bills percentage interest is dropping

They invest in s and Bonds, some of these stuffs are up to 15% interest yield