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. 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).
SINEF 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 while redemption out of the Fund are done at the prevailing bid price. The Fund is re-valued at the end of each working day to reflect any changes in the prices of the underlying stocks which means that the value of units held may change from day to day. This link avails you the price history of the Fund from inception till date ( Price History).
How to invest in the Stanbic IBTC Nigerian Equity Fund
For New Subscribers
Kindly follow the steps below to subscribe into this fund:
Fill a Subscription Form, effect a fund transfer of the amount you intend to invest or issue a cheque for the said amount in favor of “First Trustees/ Stanbic IBTC Equity Fund”.
Submit the duly executed subscription form at any Stanbic IBTC Branch closest to you along with the following documents;
A copy of your valid means of identification e.g driver’s license, international passport etc
Proof of address e.g a copy of your utility bill showing your current address
A recent passport photograph
Evidence of payment
Alternatively, you can Buy a Mutual Fund Online using this link (terms and conditions apply)
For Existing Subscribers:
How to redeem your investment
You can redeem part or all your investments at any time by either
Logon to online platform to redeem online
Kindly note that redemptions are processed within 5 business days
Redeem Your Investment
You can redeem part or all your investments at any time by either ;
Log on to the online platform to redeem online. Redemptions via the online platform are processed within 48 hours and the maximum amount redeemable online per day is N2.5million
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