All The Benefits Of Stanbic IBTC Bank And To Setup Money Market
Today, we'd like to tell you about the Stanbic IBTC Money Market Fund (SIMM) and all of its advantages. This money market fund is Nigeria's largest open mutual fund, and it is approved and registered under Section 160 of the Investment and Securities Act of 2007. This money market fund invests all of its assets in low-risk money market securities with Nigerian financial institutions approved by a local rating agency authorized by the commission.
This money market fund is aimed at investors who are interested in fixed term deposit placements or hybrid current accounts and want to earn a larger return on their investments than is normally accessible to institutional investors. This Fund provides access to a diverse portfolio of money market securities such as treasury bills, guaranteed commercial papers, banker's acceptance, certificate of deposit, and many more fixed income assets in Nigeria with accredited financial institutions.
However, if you invest N5,000.00, this fund will provide you with liquidity, capital preservation, flexibility, competitive rates, and diversification of your investment portfolio, in addition to the experience and track record of Stanbic IBTC asset management in the Nigerian financial market.
So, what exactly is the Stanbic IBTC Money Market Fund?
In case you're unfamiliar, the Stanbic IBTC Money Market Fund is a collective investment plan that invests funds in a variety of liquid short-term money market products. This money market fund seeks to achieve a competitive return on assets while protecting investors' capital, as well as to invest in a diverse range of Nigerian money market instruments.
How Does the Stanbic IBTC Money Market Fund Work?
This fund operates by combining the funds of various individual and corporate investors, giving the fund greater negotiating power to get a higher level of interest rate when invested. The goal of this money market fund is to enhance interest income.
The Benefits
- Capital Protection
- Quarterly revenue streams
- Suitable for risk-averse / cash-strapped investors
- Professional management at a reasonable cost
- Returns that compete with direct money market placements
- Management of cash flow and liquidity
- Ease of access and exit
- Adding diversity to an existing equities portfolio
- Convenience of Direct Debit/Standing Order
How to Set Up a Money Market Fund for New Customers
You must complete a subscription form and submit a check or draft for the cost of the units you wish to apply for.
Make a check payable to Stanbic IBTC Money Market Fund.
Then, mail the cheque, along with a completed subscription form and other relevant documentation, to any of their offices in Lagos, Abuja, or Port Harcourt, or to any Stanbic IBTC Bank Plc branch.Existing subscribers, on the other hand, can use a quickteller-enabled ATM.
Alternatively, go to https://www.quickteller.com/SIAML.
You may also set up a direct debit or a standing order.
You may also mail a cheque together with a completed purchase order form to any Stanbic IBTC Asset Management office near you.
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