Stanbic IBTC Nigerian Equity Fund

About

The Stanbic IBTC Nigerian Equity Fund (“SINEF”) isThe 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. Launched in 1997, the Fund has outperformed the All Share Index of the Nigerian Stock Exchange in 8 out of the last 12 years of operation. The fund invests a minimum of 60%  in equities of blue chip companies listed on The Nigerian Stock Exchange, while retaining a maximum of 40%  in Fixed Income Securities (i.e. money market securities and bonds).

The Stanbic IBTC Nigerian Equity Fund 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 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 units held may change from day to day. The aim of The Fund is to achieve capital appreciation over the long term. View the Price History of the Fund.

Summary

The Fund was started in 1997.

Initial Price: N1,000 (Nominal Value)

Portfolio Allocation : Maximum 40% in Fixed Income Securities, Minimum 60% in equities

Minimum Investment: N5,000 and subsequent investment 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  https://www.quickteller.com/SIAML 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 or by simply completing and submitting a purchase order form.

How to invest in the Stanbic IBTC Nigerian Equity Fund

For New Subscribers

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

Please make a cheque/draft payable to First Trustees/Stanbic IBTC Nigerian Equity 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 at  https://www.quickteller.com/SIAML or by clicking on the CIPG link when you log on online 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

Within five working days the proceeds will be transferred to your nominated bank account.

Benefits

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

Diversification


Customer Care Line

nigeriaassetmanagers
+234 1 280 1266

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