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Stanbic IBTC Nigerian Equity Fund

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The Stanbic IBTC Nigerian Equity Fund ("SINEF") is the largest open-ended mutual fund in Nigeria with a net asset value in excess of several billions of Naira under management. Launched in 1997, the Fund has outperformed the All Share Index of the Nigerian Stock Exchange in 8 out of the last 12 years of operation. The fund invests a minimum of 75% of its assets in equities of blue chip companies listed on The Nigerian Stock Exchange, while retaining a maximum of 25% of its total assets in Fixed Income Securities (i.e. money market securities and bonds).

The Stanbic IBTC Nigerian Equity Fund was launched on 28 February 1997 at a par value of N1,000.00 per unit. The primary objective of The Fund is to achieve long-term capital appreciation of its assets by investing in a carefully selected portfolio of high quality equity securities quoted on the Nigerian Stock Exchange and in other securities approved by the Securities & Exchange Commission.

Units of The Fund are issued at the prevailing offer price as is equivalent to the monetary value of subscription. The Fund is re-valued at the end of each working day to reflect any changes in the price of the underlying stocks. This means that the value of units held may change from day to day. The aim of The Fund is to achieve capital appreciation over the long term. View the Price History of the Fund.

 

Summary

  • The Fund was started in 1997.
  • Initial Price: N1,000 (Nominal Value)
  • Portfolio Allocation : Maximum 25% Fixed Income Securities, Minimum 75% Capital Market
  • Minimum Investment: N50,000 and subsequent investment of N20,000.00
  • Subsequent investments can be made via the Quickteller  payment platform online at  https://www.quickteller.com/SIAML or at your nearest Quickteller-enabled ATM (Please click here for list of payment codes). Subsequent investments can also be made via direct debit / standing order from your bank account or by simply completing and submitting a purchase order form.

 

How to invest in the Stanbic IBTC Nigerian Equity Fund

For New Subscribers

  • Fill in a Subscription Form and issue a cheque or draft for the number of Units applied for
  • Please make a cheque/draft payable to First Trustees/Stanbic IBTC Nigerian Equity Fund
  • Send the cheque and completed Subscription Form and other documents to any of our offices in Lagos, Abuja, or Port-Harcourt, or any branch of Stanbic IBTC Bank Plc
  • If you are buying from outside Nigeria it is easy to do so. Find out how
  • Within 5 days, we will send you an email confirming purchase of units and telling you how to log in to your account

 

 

For Existing Subscribers:

 

 

 

 

 

 

Redeem Your Investment

  • You can redeem a part or all your investments at any time
  • Fill in a Redemption Form and submit to any of our branches nationwide
  • Within five working days the proceeds will be transferred to your nominated bank account.
  • Online Redemption Service
    • Redeeming a portion or all your investment in Stanbic IBTC Nigerian Equity Fund can be done online with a couple of clicks. The online redemption service is convenient, flexible, available 24 hours 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  This e-mail address is being protected from spambots. You need JavaScript enabled to view it for processing.
    • Please note that this service is meant for individual unit holders only and thus joint account and institutional subscribers (e.g Corporates, NGOs, Churches etc) cannot be granted access to this service.

 

Answers to Your Questions

 

Benefits

  • An excellent capital market risk spreading device, as it invests in a basket of top quality quoted companies
  • You can use your holdings for collateral for bank loans
  • Capital appreciation with competitive returns
  • Easy entry & exit
  • Diversification

 

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