Stanbic IBTC Money Market Fund
The Stanbic IBTC Money Market Fund aims to achieve both stable income generation and capital preservation by investing 100% of the portfolio assets in high quality short-term securities such as Treasury Bills, Commercial Papers and Fixed Deposits that are rated “BBB” and above.
Some of the benefits
Convenience
You can transact from anywhere with our online platforms (Mobile App and Web Portal)
Diversification
Our Mutual Funds mitigate investment risks by investing across a diverse range of assets thus avoiding concentration risk
Flexibility
Our array of investment products are designed to suit your financial needs. You can easily subscribe for/and redeem your investments
Security
Invest with us with the knowledge that your investment is safe
Highlights
- The Stanbic IBTC Money Market Fund (SIMM) was launched in February 2010
- The Fund invests 100% of its portfolio in money market instruments (such as treasury bills, commercial papers, banker’s acceptance e.t.c.)
- The Fund has a 30-day minimum holding period
- The penalty for redeeming within the minimum holding period is 20% on the accrued income
- The minimum investment amount is N5,000.00
- The distribution frequency is quarterly and it is an open-ended fund
- The risk profile for the fund is “Conservative”
- The management fee is 1.5% per annum
Benefits
- Competitive returns
- Professional fund management
- Online access
- Funds can be used to secure a loan with Stanbic IBTC Bank
- Capital preservation
- The Fund is rated Aa – (f) by Augusto & Co
How to invest
Click this link to open an Instant Account
Alternatively, complete this Subscription Form and submit at any branch of Stanbic IBTC nationwide with the following documentation. Please note that you are not required to make payment at this stage. Below is a list of items you are to submit with the subscription form;
- One passport photograph for each applicant
- A government issued identity card (national ID card, Driver’s license, International Passport, Voter’s card etc.)
- Proof of address showing your name/surname
The account will be opened within one business day and your e-account number will be sent to you via email
Upon receipt of the e-account number, transfer the amount to be invested to the designated bank account (find below) using your e-account number as reference/remark etc.
Please note that CASH is not an acceptable mode of payment.
Bank Details
Bank UBA
Account Name UBA NOM FIRST TRUSTEES STANBICIBTC MONEY MARKET FUND
Account Number 1023413552
Existing Investors:
Transfer the amount to be invested to the fund account (find below) directly from your bank account quoting your e-account number as narration/description/reference.
Alternatively, you can top-up your investment by visiting the online portal or the Stanbic IBTC Mobile application
Please note that CASH is not an acceptable mode of payment.
Bank Details
Bank UBA
Account Name UBA NOM FIRST TRUSTEES STANBICIBTC MONEY MARKET FUND
Account Number 1023413552
How to Redeem
To redeem a part or all your investments at any time:
- Option 1: Login to your mutual fund account via the web or mobile app and initiate a redemption. The proceeds of your redemption will be transferred to your nominated bank account within two (2) working days. Please note that the daily limit for online redemption is N2,500,000.00.
The online redemption service is convenient, flexible and safe. To activate the online redemption service on your account, we require you to print, execute and submit the Consent Form and Agreement at our office or any branch of Stanbic IBTC Bank PLC closest to you.
Alternatively, the completed Consent Form and Agreement can be scanned and forwarded to [email protected]
Please note that this service is available to individual and joint account holders only. Institutional subscribers (e.g. Corporates, NGOs, Churches etc.) cannot be granted access to this service. - Option 2: Fill in a Redemption Form and submit at any of our branches nationwide.
The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.
-
Highlights
-
Benefits
-
How to invest
-
How to Redeem
- The Stanbic IBTC Money Market Fund (SIMM) was launched in February 2010
- The Fund invests 100% of its portfolio in money market instruments (such as treasury bills, commercial papers, banker’s acceptance e.t.c.)
- The Fund has a 30-day minimum holding period
- The penalty for redeeming within the minimum holding period is 20% on the accrued income
- The minimum investment amount is N5,000.00
- The distribution frequency is quarterly and it is an open-ended fund
- The risk profile for the fund is “Conservative”
- The management fee is 1.5% per annum
- Competitive returns
- Professional fund management
- Online access
- Funds can be used to secure a loan with Stanbic IBTC Bank
- Capital preservation
- The Fund is rated Aa – (f) by Augusto & Co
Click this link to open an Instant Account
Alternatively, complete this Subscription Form and submit at any branch of Stanbic IBTC nationwide with the following documentation. Please note that you are not required to make payment at this stage. Below is a list of items you are to submit with the subscription form;
- One passport photograph for each applicant
- A government issued identity card (national ID card, Driver’s license, International Passport, Voter’s card etc.)
- Proof of address showing your name/surname
The account will be opened within one business day and your e-account number will be sent to you via email
Upon receipt of the e-account number, transfer the amount to be invested to the designated bank account (find below) using your e-account number as reference/remark etc.
Please note that CASH is not an acceptable mode of payment.
Bank Details
Bank UBA
Account Name UBA NOM FIRST TRUSTEES STANBICIBTC MONEY MARKET FUND
Account Number 1023413552
Existing Investors:
Transfer the amount to be invested to the fund account (find below) directly from your bank account quoting your e-account number as narration/description/reference.
Alternatively, you can top-up your investment by visiting the online portal or the Stanbic IBTC Mobile application
Please note that CASH is not an acceptable mode of payment.
Bank Details
Bank UBA
Account Name UBA NOM FIRST TRUSTEES STANBICIBTC MONEY MARKET FUND
Account Number 1023413552
To redeem a part or all your investments at any time:
- Option 1: Login to your mutual fund account via the web or mobile app and initiate a redemption. The proceeds of your redemption will be transferred to your nominated bank account within two (2) working days. Please note that the daily limit for online redemption is N2,500,000.00.
The online redemption service is convenient, flexible and safe. To activate the online redemption service on your account, we require you to print, execute and submit the Consent Form and Agreement at our office or any branch of Stanbic IBTC Bank PLC closest to you.
Alternatively, the completed Consent Form and Agreement can be scanned and forwarded to [email protected]
Please note that this service is available to individual and joint account holders only. Institutional subscribers (e.g. Corporates, NGOs, Churches etc.) cannot be granted access to this service. - Option 2: Fill in a Redemption Form and submit at any of our branches nationwide.
The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.
Forms and Downloads
Mutual Funds Subscription form
Mutual Funds Subscription form
Mutual Funds Subscription form
Mutual Funds Subscription form
Mutual Funds Redemption Form
Mutual Funds Redemption Form
Redemption Consent Form and Agreement
Redemption Consent Form and Agreement
We also offer
Stanbic IBTC Dollar Fund
Stanbic IBTC Dollar Fund aims to provide currency diversification, income generation, and stable growth in USD. It seeks to achieve this by investing a minimum of 70% of the portfolio in high-quality Eurobonds, a maximum of 30% in short term USD deposits, and a maximum of 10% in USD equities approved and registered by the Securities and Exchange Commission of Nigeria.
Stanbic IBTC Bond Fund
The Stanbic IBTC Bond Fund aims to achieve competitive returns on investments by investing a minimum of 70% of its portfolio in high quality Bonds (FGN and Corporate), while a maximum of 30% of its assets are invested in quality money market instruments such as treasury bills.