Stanbic IBTC Money Market Fund
The Stanbic IBTC Money Market Fund is designed to help you grow your money steadily while keeping it safe. It invests 100% of its funds in low-risk, short-term instruments like Treasury Bills, Commercial Papers, and Fixed Deposits all from reliable sources rated BBB or higher, so your money stays secure. It’s an open-ended investment, meaning you can join anytime and invest at your pace. It’s a low-risk way to earn consistent returns without stressing about losing your money. Stanbic IBTC Money Market Fund is registered with the Securities and Exchange Commission, Nigeria as an open-ended Unit Trust Investment Scheme and is open to all investors. The underlying assets are subject to withholding tax.
Some of the benefits
Safety & Trust
Backed by Stanbic IBTC Holdings and licensed by Securities and Exchange Commission (SEC) - a leader in financial services for over 20 years
Convenience
Access your account via internet, phone, email, and SMS – anytime, anywhere
Strong Track Record
Proven expertise in managing funds for companies and individuals for over 2 decades
Highlights
- The Stanbic IBTC Money Market Fund (SIMM) was launched in February 2010
- The Fund invests 100% of its portfolio in money market instruments (such as treasury bills, commercial papers, banker’s acceptance e.t.c.)
- The Fund has a 30-day minimum holding period
- The penalty for redeeming within the minimum holding period is 20% on the accrued income
- The minimum investment amount is N5,000.00
- The distribution frequency is quarterly and it is an open-ended fund
- The risk profile for the fund is “Conservative”
- The management fee is 1.5% per annum
Benefits
- Competitive returns
- Professional fund management
- Online access
- Funds can be used to secure a loan with Stanbic IBTC Bank
- Capital preservation
- The Fund is rated Aa – (f) by Augusto & Co
How to invest
Click this link to open an Instant Account
Alternatively, complete this Subscription Form and submit at any branch of Stanbic IBTC nationwide with the following documentation. Please note that you are not required to make payment at this stage. Below is a list of items you are to submit with the 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
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 amount to be invested to the designated bank account (find below) using your e-account number as reference/remark etc.
Invest via BluNest
Our user-friendly platform makes it easy to explore and subscribe to a wide range of investment products. Follow these simple steps:
1. Invest : Access your account by logging in here with your registered email address.
2. Explore Products : Browse our investment products and choose the ones that suit your goals.
3. Fund you Wallet : Fund your wallet via bank transfer
4. Subscribe: Click on the "Invest Now" button and follow the prompts to complete your subscription.
How to Redeem
To redeem a part or all your investments at any time:
- Option 1: 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 N5,000,000.00.
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 [email protected]
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. - Option 2: Fill in a Redemption Form and submit at any of our branches nationwide.
The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.
-
Highlights
-
Benefits
-
How to invest
-
How to Redeem
- The Stanbic IBTC Money Market Fund (SIMM) was launched in February 2010
- The Fund invests 100% of its portfolio in money market instruments (such as treasury bills, commercial papers, banker’s acceptance e.t.c.)
- The Fund has a 30-day minimum holding period
- The penalty for redeeming within the minimum holding period is 20% on the accrued income
- The minimum investment amount is N5,000.00
- The distribution frequency is quarterly and it is an open-ended fund
- The risk profile for the fund is “Conservative”
- The management fee is 1.5% per annum
- Competitive returns
- Professional fund management
- Online access
- Funds can be used to secure a loan with Stanbic IBTC Bank
- Capital preservation
- The Fund is rated Aa – (f) by Augusto & Co
Click this link to open an Instant Account
Alternatively, complete this Subscription Form and submit at any branch of Stanbic IBTC nationwide with the following documentation. Please note that you are not required to make payment at this stage. Below is a list of items you are to submit with the 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
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 amount to be invested to the designated bank account (find below) using your e-account number as reference/remark etc.
Invest via BluNest
Our user-friendly platform makes it easy to explore and subscribe to a wide range of investment products. Follow these simple steps:
1. Invest : Access your account by logging in here with your registered email address.
2. Explore Products : Browse our investment products and choose the ones that suit your goals.
3. Fund you Wallet : Fund your wallet via bank transfer
4. Subscribe: Click on the "Invest Now" button and follow the prompts to complete your subscription.
To redeem a part or all your investments at any time:
- Option 1: 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 N5,000,000.00.
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 [email protected]
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. - Option 2: Fill in a Redemption Form and submit at any of our branches nationwide.
The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.
Forms and Downloads
Mutual Funds Subscription form
Mutual Funds Subscription form
Mutual Funds Subscription form
Mutual Funds Subscription form
Mutual Funds Redemption Form
Mutual Funds Redemption Form
Redemption Consent Form and Agreement
Redemption Consent Form and Agreement
We also offer
Stanbic IBTC Dollar Fund
The Stanbic IBTC Dollar Fund is designed to help you earn and grow your money in dollars. It does this by investing mostly in high-quality Eurobonds, along with some short-term dollar deposits and a small portion in approved USD stocks. Everything is carefully selected and regulated, ensuring it is secure. It is a smart way to build wealth in dollars, reduce risk, and still earn steady returns over time. Stanbic IBTC Dollar Fund is registered with the Securities and Exchange Commission, Nigeria as an open-ended Unit Trust Investment Scheme and is open to all investors. The underlying assets are subject to withholding tax.
Stanbic IBTC Bond Fund
The Stanbic IBTC Bond Fund aims to achieve competitive returns on investments by investing a minimum of 70% of its portfolio in high quality Bonds (FGN and Corporate), while a maximum of 30% of its assets are invested in quality money market instruments such as treasury bills. Stanbic IBTC Bond Fund is registered with the Securities and Exchange Commission, Nigeria as an open-ended Unit Trust Investment Scheme and is open to all investors. The underlying assets are subject to withholding tax.