Stanbic IBTC Money Market Fund

About

The Stanbic IBTC Money Market Fund (“SIMM”) is the largest open-ended mutual fund in Nigeria. Authorized and registered in Nigeria under Section 160 of the Investment & Securities Act no 29 2007, the Fund invests 100% of its assets in low risk money market securities with financial institutions in Nigeria rated “A” and above by a recognized local rating agency recognized by the commission. The fund was recently assigned a  “Aa(f)” rating by Agusto & Co. This is the highest rating yet to be conferred on a fund managed in Nigeria by the reputable rating agency.

The rating as defined by the acclaimed rating agency denotes a fund with minimal exposure to downside risk (i.e. impairment of the net asset value) in the medium term. The rating was also supported by the good quality of the underlying assets which are in line with SEC guidelines for money market funds (please click here for press release from Agusto & Co).

The Fund is aimed at investors interested in fixed term deposit placements or hybrid current accounts and are looking to achieve higher returns from such investments which ordinarily is only available to “institutional” investors. The Fund offers access to a diversified portfolio of money market securities such as Guaranteed Commercial Papers, Treasury Bills, Bankers Acceptance, Certificate of Deposit and other fixed income investments with rated financial institutions in Nigeria.

The primary objective of the Fund will be achieved by utilising the bargaining power that is obtained from pooling of funds to actively invest in a portfolio of short term money market securities and government papers. The fund also offers an opportunity for parents/ Guardian to subscribe to units of the fund on behalf of and in the name of minors like all the other Stanbic IBTC Mutual Funds. The Fund also enables foreign investors to subscribe and repatriate their redemption proceeds at the prevailing official foreign exchange rate.

With a minimum investment amount of N5,000.00, the Fund offers investors Liquidity, Capital Preservation, Competitive Yields, Flexibility and Diversification of their investment portfolio alongside the experience and track record of Stanbic IBTC Asset Management in the Nigerian financial market. View the Price History of the Fund.

Summary

Initial Price N100 Norminal Value

Portfolio allocation : 100% Money Market investments

Minimum investment : N5,000.00 and subsequent investment of N5,000.00

Subsequent investment 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  https://www.quickteller.com/SIAML or at your nearest Quickteller-enabled ATM (Please click here for list of ATM payment codes). Subsequent investments can also be made via direct debit / standing order from your bank account.

How to invest in the Stanbic IBTC Money Market 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 draft payable to name place of the Fund (i.e Stanbic IBTC Money Market 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

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

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.

Benefits

Capital Preservation

Quarterly income streams

Suitable for risk averse / near cash investors

Professional management at an affordable price

Competitive returns that rival direct money market placements

Cash flow and liquidity management

Ease of entry and exit

Diversification to an existing equity portfolio

Direct Debit/Standing order convenience


Customer Care Line

nigeriaassetmanagers
+234 1 280 1266

Email

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