Hi all,

I am interested in joining the Stanbic Equity Fund, any real life experiences on;

- growth, gains or performance
- easy of joining and opting out
- comparative adv over other funds

Asanteni

Equity Funds are a rip off. You can do a lot better by just making sure you read between the lines of wazua posts.

I however use Money Market, used to use Stanbic until I noticed that their returns were one of the lowest in the market, and that Amana MM was consistently 300 points above it. I use MM as a holding area, (temporary storage as I look for opportunities) the advantage being I can call the funds within three days, unlike fixed deposits that lock funds for specific periods, at rates similar to MM.

To open an MM account, carry your identification documents to your preferred manager, do the kyc thing and also give them the disposal bank account - they don't write cheques to you when you cash in, they RTGS to the given account.

Thanks all for your comments, will def go it alone and just invest directly in stocks at the NSE.

Asanteni