Stanbic IBTC Money Market Fund
STANBIC IBTC ASSET MANAGEMENT
About the fund
The Stanbic IBTC Money Market Fund is a type of mutual fund that has relatively low risk compared to other mutual funds. With the Stanbic IBTC Money Market Fund, investors get a higher rate of return than a traditional savings account. Your capital is preserved while generating steady stream of income for you. Are you thinking of investing towards acquiring an asset, paying school fees or for financial freedom? Regardless of what your investment objectives are, the Stanbic IBTC Money Market Fund offers a more rewarding way to grow wealth. The fund is invested 100% in high quality short-term securities such as Treasury Bills, Commercial Papers and Fixed Deposits that are rated “BBB” and above.
Fund Information
Min Amount
₦5,000.00
Max Amount
₦1,000,000,000.00
Yield-to-date
21.01%
Fund Size
₦1,323.24 bn
Minimum tenor
1 Months
Maximum tenor
100 Months
Permit top-up
Yes
Permit roll over
Yes
Roll-over type
Principal plus Interest, With Top-up
Permit Early termination
Yes
Management fee
1%
Processing time
48 Hours
Launch date
11th of Feb, 2024
Status of fund
Open Ended
Transaction fee
1%
Expense ratio
N/A
Age limit
18 - 75 years
Provider's page
view provider
Nature of fund
Short term Instruments
Fund manager
N/A
Product available in
Nigeria
States present
37
Requirements
How to invest
Click on the Apply Button
Click on the button to begin your investment journey
Calculator
Please note that whatever you calculate is just an estimation
How to earn
Interest Income and Capital gains distributions. In addition, fund shares can be sold for a profit .
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