Stanbic IBTC Balanced Fund
The Stanbic IBTC Balanced Fund (“SIBAL”) is the most recent addition to the basket of Mutual Fund offerings by Stanbic IBTC Asset Management Limited. Due to the often inverse relationship which exists between the fixed income and equity market, SIBAL is designed with the objective of offering investors a balanced approach to the vagaries of both markets.
The Fund invests a maximum of 60% of its assets in equities of blue chip companies listed on The Nigerian Stock Exchange and a minimum of 40% in fixed income securities including Government and Corporate bonds, Treasury bills and fixed deposit placements with banks.
Originally introduced to private investors in 2009, SIBAL has recently been registered with SEC as a publicly traded mutual fund and investors can now benefit from the asset allocation and performance of the fund with as little as N50,000.00 only.
Units of the fund are issued at the prevailing offer price as is equivalent to the market 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 as well as interest earned for that day. This means that the value of units held may change from day to day.
The Fund was introduced in 2009 and registered with SEC in 2012.
Initial Price: N1,000.00 (Nominal Value).
Portfolio Allocation: Maximum 60% Equities, Minimum 40% Fixed Income.
The minimum application: N50,000 and subsequent investments of N20,000.00.
Subsequent investments can be made at any of our branches online by clicking on the CIPG link when you log on to your mutual fund account, via the Quickteller payment platform 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.
SIBAL invests in foreign currency denominated securities issued by Nigerian quoted companies with a minimum rating of “A” by rating agencies registered with the Securities & Exchange Commission (“SEC”).
How to invest in the Stanbic IBTC Balanced Fund
For New Subscribers
Fill in a Subscription Form and issue a cheque or draft for the cost of units applied for.
Please make the cheque/draft payable to First Trustees/SIBAL.
If you are buying from outside Nigeria it is easy to do so. Find out how.
Within five 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 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.
How to Redeem Your Investment
You can redeem a part or all your investments at any time.
The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.
Online Redemption Service
Redeeming a portion or all your investment in Stanbic IBTC Balanced 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 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.
An excellent capital market risk spreading device, as it invests in a basket of top quality quoted companies listed on the Nigerian Stock Exchange as well as fixed income securities.
You can use your holdings as collateral for bank loans.
Capital appreciation with competitive returns in the medium term (for information on the performance history of Stanbic IBTC Mutual Funds, kindly contact us on firstname.lastname@example.org This e-mail address is being protected from spambots.
Easy entry & exit
It invests in low risk unquoted equities to boost returns.