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Mansa-X Fund by SIB. Anyone who has invested with them?
MaichBlack
#1 Posted : Friday, July 24, 2020 7:04:54 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,323
I have done a bit of reading on Mansa-X fund by Standard Investment Bank and I liked what I read BUT the Writeup is by SIB themselves so it will only have juicy marketing info.

I would like to hear from Wazuans who have invested with them focusing on:-

1) Actual annual returns over the years.

2) How they breakdown costs due from you.

3) Any hidden costs.

4) Withdrawing from the fund - ease/difficulty,process, costs etc.

Any other relevant information.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
winmak
#2 Posted : Friday, July 24, 2020 8:05:12 PM
Rank: Member


Joined: 12/1/2007
Posts: 503
Location: Nakuru
I asked this’s same question but never got an answer
For investors as a whole, returns decrease as motion increases ~ WB
MaichBlack
#3 Posted : Friday, July 24, 2020 8:57:04 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,323
winmak wrote:
I asked this’s same question but never got an answer

Let's hope this time round a few people who have invested with them will come across the thread.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
kmucheke
#4 Posted : Friday, July 24, 2020 11:15:47 PM
Rank: Member


Joined: 3/16/2019
Posts: 128
MaichBlack wrote:
winmak wrote:
I asked this’s same question but never got an answer

Let's hope this time round a few people who have invested with them will come across the thread.


It is true what you said earlier, most of the info about Mansa-X available online is sponsored content and needs to be verified by another party.
I also hope someone who has invested can share the experience and finer details.

This is what I've gathered so far about Mansa-X fund from online sources;

  1. SIB was licensed in December 2018 as the first Online Forex Trading Money Manager in Kenya, by the CMA. The fund was launched in January 2019 and closed at $3 million in 2019.

  2. Aims to attract more retail investors to its foreign exchange fund and grow it to $100 million in 2020.

  3. It is not a guaranteed fund and returns are not guaranteed.
    Minimum amount of Sh250,000 for at least six months.

  4. An initial fee of five per cent of the amount invested and an annual management fee of five per cent. The management fee is waived in the first year.

  5. If the fund makes a return above 25 per cent (hurdle rate), then it charges a fee of 10 per cent of the extra return.


The H1 Mansa-X fund fact sheet is available here as a pdf.
Tokyo
#5 Posted : Saturday, July 25, 2020 6:32:36 PM
Rank: Veteran


Joined: 10/9/2006
Posts: 1,465
I have invested in MansaX. They are kind of quick in account opening unlike other investment funds.( all online). The account numbers too looks Kind of simple considering the massive minimum amount. Account number Like 000123, 000124,000125 lacks confidence in this era. Just under a month “investor” . Not much to share.
work to prosper
Tokyo
#6 Posted : Saturday, July 25, 2020 6:36:56 PM
Rank: Veteran


Joined: 10/9/2006
Posts: 1,465
MansaX interests irresistible.
6months + is the right time to analyse
work to prosper
kmucheke
#7 Posted : Saturday, July 25, 2020 8:38:30 PM
Rank: Member


Joined: 3/16/2019
Posts: 128
Tokyo wrote:
I have invested in MansaX. They are kind of quick in account opening unlike other investment funds.( all online). The account numbers too looks Kind of simple considering the massive minimum amount. Account number Like 000123, 000124,000125 lacks confidence in this era. Just under a month “investor” . Not much to share.


Thank you for sharing.


I believe the account numbers are simple since they have few customers. (I think in the neighbourhood of 2,000)

The fund has just clocked in 6 quarters since inception and all the quarters registered positive returns. I believe more time is required to judge the fund.

Please share your when you clock 6 months.
deadpoet
#8 Posted : Saturday, July 25, 2020 8:52:40 PM
Rank: Member


Joined: 9/27/2006
Posts: 449
Well, at the end of the day mansa-x is forex and commodities trading. Determine for yourself whether a global economic collapse is ahead, and then act accordingly.
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