Stanbic IBTC Ethical Fund


The Stanbic IBTC Ethical Fund (“SIEF”) is Nigeria’s first quoted socially responsible mutual fund that allows subscribers to make profitable investments without compromising their religious beliefs and/or principles. Launched in 2005, the primary objective of The Ethical Fund is to achieve long-term capital appreciation of its assets by investing in a carefully selected portfolio of high quality socially responsible equity securities quoted on The Nigerian Stock Exchange.

The Ethical Fund follows a socially responsible approach to investing and excludes investments in Breweries and Tobacco sectors of The Nigerian Stock Exchange as well as companies whose activities are considered harmful to the society.

The Ethical Fund’s objective is achieved by investing at least 60% in equities of blue chip companies listed on The Nigerian Stock Exchange while retaining a maximum of 40% in Fixed Income Securities. Subscriptions to The Fund are processed 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 unit holding may change from day to day. The aim of The Fund is to achieve capital appreciation over the long term without compromising religious beliefs and principles. View Price History.


The first Ethical fund to be launched in the history of the Nigerian capital market

Allows subscribers to invest in the capital market without compromising their religious beliefs and principles

Invests at least 60% in equities of Nigerian quoted companies, while retaining a maximum of 40%  fixed income securities

The minimum application to The Ethical Fund is N5,000 and subsequent investments of N5,000.00

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 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.

Quoted in 2005

Initial Price: N1.00 (Nominal Value). View Price History

How to invest in the Stanbic IBTC Ethical Fund

For New Subscribers

Fill in a Subscription Form and issue a cheque or draft for the cost of Units applied for

Please make a cheque/draft payable to First Trustees/Stanbic IBTC Ethical 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 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

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

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


Socially responsible approach to investing in Nigeria’s capital market

An excellent capital market risk spreading device, as it invests in a basket of top quality quoted companies listed on the Nigerian Stock Exchange

You can use your holdings for collateral for bank loans

Capital appreciation with competitive returns (for information on the performance history of Stanbic IBTC Mutual Funds, kindly contact us on This e-mail address is being protected from spambots. You need JavaScript enabled to view it )

Easy entry & exit


Customer Care Line

+234 1 280 1266


Send us an email


Subscribe to our quarterly newsletter