Stanbic IBTC Nigerian Equity Fund
The Stanbic IBTC Nigerian Equity Fund (“SINEF”) is the largest open-ended equity bias 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 60% of its assets in equities of blue chip companies listed on The Nigerian Stock Exchange, while retaining a maximum of 40% 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.
The Fund was started in 1997.
Initial Price: N1,000 (Nominal Value)
Portfolio Allocation : Maximum 40% Fixed Income Securities, Minimum 60% Capital Market
Minimum Investment: N5,000 and subsequent investment of N5,000
Subsequent investments can be made online by clicking on the CIPG link when you log on to your mutual fund account, via the Quickteller payment platform online at https://www.quickteller.com/SIAML or at your nearest Quickteller-enabled ATM. 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:
Quickteller-enabled ATM (Please click here for list of payment codes)
Online at https://www.quickteller.com/SIAML or by clicking on the CIPG link when you log on online to your mutual fund account
Direct Debit or standing order (Please click here for a Direct Debit mandate form)
Send a cheque and completed purchase order form to any Stanbic IBTC Asset Management office
Redeem Your Investment
You can redeem a part or all your investments at any time
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.
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.
Answers to Your Questions
We have all the answers to your Frequently Asked Questions on the Stanbic IBTC Nigerian Equity Fund.
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