Stanbic IBTC Nigerian Equity Fund

Summary

The Stanbic IBTC Nigerian Equity Fund (“SINEF or 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).

Highlights

SINEF was registered with the Security and Exchange Commission (SEC) in 1997

Nominal value: N1,000.00

Asset Allocation: Minimum 60% in high quality equity securities quoted on the Nigerian Stock Exchange; maximum 40% in fixed income securities

Minimum application: N5,000.00 for both initial and subsequent investments

Benefit

• An excellent capital market risk spreading device, as it invests in a basket of top quality quoted companies
• The Fund is regulated by the Security and Exchange Commission (SEC)
• The Fund can be used as collateral for bank loans (subject to the bank’s approval)
• Capital appreciation with competitive returns
• Easy entry & exit
• Diversification
• Convenience (Direct Debit / Standing order)

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

Initial Investors:

• Complete Subscription Form and submit at any branch of Stanbic IBTC nationwide with the documentation stated     above. Please note that you are not required to make payment at this stage.
• 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 funds to the designated bank account (find below) using your     e-account number as reference/remark etc.
• The investment will be booked following which login details will be sent to you within two business days.

Existing Subscribers:

• Transfer directly from your bank account to the designated bank account (find below) using your e-account           number as reference/remark
• Online at https://www.quickteller.com/SIAML or by clicking on the top up link when you log on to your mutual     fund account
• Direct Debit or standing order (Please click here for a Direct Debit mandate form)

 

Bank details:

Bank: Stanbic IBTC Bank
Account name: Stanbic IBTC Nigerian Equity Fund
Account number: 9202476058

 

How to Redeem Your Investment

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

  • Login to your mutual fund account via the web or mobile app and initiate a redemption. The proceeds of your redemption will be transferred to your nominated bank account within two (2) working days. Please note that the daily limit for online redemption is N2,500,000.00.

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

 

Online Redemption Service

The online redemption service is convenient, flexible 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.

Alternatively, the completed Consent Form and Agreement can be scanned and forwarded to mutualfunds@stanbicibtc.com

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.


Customer Care Line

nigeriaassetmanagers
+234 1 280 1266

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