Nigeria
Sign in
Asset Management
Investor Information
Investor Information
Frequently Asked Questions
Form Downloads
Advisory
Advisory
Insights
Insights

Stanbic IBTC Dollar Fund

Dollar Fund Product Banner

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 25% in short term USD deposits, and a maximum of 10% in USD equities approved and registered by the Securities and Exchange Commission of Nigeria.

 

 

 

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
  • Stanbic IBTC Dollar Fund (SIDF) was launched in January 2017
  • The Fund invests a minimum of 70% of its portfolio in high quality Eurobonds, , maximum of 25% in short term USD deposits and a maximum of 10% in USD equities 
  • 180 days minimum holding period
  • The penalty for redeeming within the minimum holding period is 20% on the accrued income
  • The minimum investment amount is $20,000 Additional investment is also $20,000
  • It is an open ended Fund 
  • The risk profile is “Moderately Conservative”
  • The expense ratio is 1.5%
Benefits
  • Currency diversification
  • Professional Fund Management
  • The fund can be used to secure a loan with Stanbic IBTC Bank
  • The Fund mitigates investment risk by allocating capital across a diverse range of foreign currency assets thus avoiding concentration risk.
  • Online Access
Documentation
  • Duly executed 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
How to invest

Kindly 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.
 

Bank Details

Bank                            Stanbic IBTC Bank    
Account Name             First Trustees/Stanbic IBTC Dollar Fund
Account Number          0034131849         

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.
 

Bank Details

Bank                            Stanbic IBTC Bank    
Account Name             First Trustees/Stanbic IBTC Dollar Fund
Account Number          0034131849 

How to redeem

To redeem a part or all your investments at any time:

  • Fill in a Redemption Form and submit to any of our branches nationwide or send via email to mutualfunds@stanbicibtc.com .

The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.

  • Highlights
  • Benefits
  • Documentation
  • How to invest
  • How to redeem
  • Stanbic IBTC Dollar Fund (SIDF) was launched in January 2017
  • The Fund invests a minimum of 70% of its portfolio in high quality Eurobonds, , maximum of 25% in short term USD deposits and a maximum of 10% in USD equities 
  • 180 days minimum holding period
  • The penalty for redeeming within the minimum holding period is 20% on the accrued income
  • The minimum investment amount is $20,000 Additional investment is also $20,000
  • It is an open ended Fund 
  • The risk profile is “Moderately Conservative”
  • The expense ratio is 1.5%
  • Currency diversification
  • Professional Fund Management
  • The fund can be used to secure a loan with Stanbic IBTC Bank
  • The Fund mitigates investment risk by allocating capital across a diverse range of foreign currency assets thus avoiding concentration risk.
  • Online Access
  • Duly executed 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

Kindly 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.
 

Bank Details

Bank                            Stanbic IBTC Bank    
Account Name             First Trustees/Stanbic IBTC Dollar Fund
Account Number          0034131849         

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.
 

Bank Details

Bank                            Stanbic IBTC Bank    
Account Name             First Trustees/Stanbic IBTC Dollar Fund
Account Number          0034131849 

To redeem a part or all your investments at any time:

  • Fill in a Redemption Form and submit to any of our branches nationwide or send via email to mutualfunds@stanbicibtc.com .

The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.

Forms and Downloads
Individual and Joint Account Holders Form
Mutual Funds Subscription form
2020 04 30
70KB
PDF
Corporate Form
Mutual Funds Subscription form
2020 04 30
70KB
PDF
Redemption Form
Mutual Funds Subscription form
2020 04 30
89KB
PDF
2020 04 30
87KB
PDF
We also offer
Bond teaser image
Stanbic IBTC Bond Fund

The Stanbic IBTC Bond Fund aims to achieve competitive returns on investments with moderate risk by investing a minimum of 70% of its portfolio in high quality bonds, while a maximum of 30% of its assets are invested in quality money market instruments including treasury bills.

Shariah Fund Product Image
Stanbic IBTC Shari’ah Fixed Income Fund

The Stanbic IBTC Shari’ah Fixed Income Fund aims to provide ethically minded investors with liquidity and competitive returns by investing in quality Shariah compliant securities such as Sukuks and other eligible fixed term contracts.