I am having an issue , since Friday afternoon I have tried severally to buy Zedcrest Equity funds, Paramount Equity fund of Investnaija and also ARM aggressive growth fund, but on each occasion after placing it , they will tell me that the trade will be executed the next business day only to return and see my funds still in the wallet without executing same . Please what can be the reason .
Must it be done ONLY within the trading hours? The earlier ones I did was done off trading hours and they got executed the business day without qualms . What’s the issue? I need a response or guidance from anyone here quite knowledgeable about it.
What you're experiencing is actually common with mutual funds in Nigeria, especially with funds like: Zedcrest Capital (Zedcrest Equity Fund) InvestNaija (Paramount Equity Fund) ARM Investment Managers (ARM Aggressive Growth Fund) Let me break down why your orders are not executing 👇 Main Reasons YoRead more
What you’re experiencing is actually common with mutual funds in Nigeria, especially with funds like:
See lessZedcrest Capital (Zedcrest Equity Fund)
InvestNaija (Paramount Equity Fund)
ARM Investment Managers (ARM Aggressive Growth Fund)
Let me break down why your orders are not executing 👇
Main Reasons Your Mutual Fund Orders Are Not Executing
1. Mutual Funds Do NOT Trade Like Stocks
Unlike stocks, mutual funds in Nigeria don’t execute instantly.
They operate using:
Cut-off times
NAV pricing (Net Asset Value)
Fund manager processing windows
This means:
You place order today
Fund manager processes tomorrow
Execution happens later
Sometimes 1–3 business days.
2. Cut-Off Time Issue (Most Likely Your Problem)
Most Nigerian fund managers use cut-off times like:
12:00 PM
1:00 PM
2:00 PM
If you place after cut-off time, your order moves to:
👉 Next business day processing
Now here’s the catch:
If you placed Friday afternoon, then:
Friday after cut-off → moves to Monday
Monday queue backlog → may move to Tuesday
Some funds only price once daily
So delay happens.
3. Fund May Be Temporarily Not Accepting New Money
This also happens sometimes when:
Fund is rebalancing
Market volatility is high
Liquidity management
System maintenance
Fund managers may temporarily hold subscriptions.
This happens often with:
Aggressive equity funds
High demand funds
4. Platform Processing Delay (InvestNaija / Others)
Sometimes the issue is:
Platform batching orders
Registrar confirmation delay
Payment reconciliation delay
Your money stays in wallet until confirmed.
5. Weekends Don’t Count
Remember:
Saturday ❌
Sunday ❌
Public holidays ❌
Only business days count
So Friday afternoon → Monday processing.
Must It Be Done Within Trading Hours?
Short answer: No — but it’s safer.
You can place anytime, but best practice is:
Best Time to Place Mutual Fund Orders
✅ 8:00 AM – 11:30 AM (Best)
⚠️ 12:00 PM – 2:00 PM (Risky)
❌ After 2:00 PM (Often delayed)
Why Your Previous Orders Worked Off Trading Hours
Because:
No backlog at that time
Lower volume
Fund open for subscription
Platform faster that day
Mutual fund execution is not always consistent.
What You Should Do Now
Here’s the best approach:
Step 1
Place order early morning tomorrow
Step 2
Wait 1–2 business days
Step 3
If still not executed:
Contact:
InvestNaija support
Fund manager directly