Ibtc money market fund interest rate
STANBIC IBTC MONEY MARKET FUND 3 DEFINITIONS “Bid Price” The price at which an investor can sell/redeem units of The Fund on the relevant day. “Business Day” or “Working Day” Any day other than a Saturday, Sunday or an official public Stanbic IBTC Shari’ah Fixed Income Fund The Initial Public Offer (IPO) for the Stanbic IBTC Shari’ah Fixed Income Fund (SFIF) opens on Wednesday, 15 May 2019 and closes on Wednesday, 26 June 2019. The minimum subscription amount is N5,000.00 only for 50 units If you've got some money you would like to earn good interest on, then you should be familiar with the options I am presenting you today. Stanbic IBTC Money Market Fund I don't think any investment house currently beats their low risk and barriers free rate of 14.18% (as of Sep 30, 2016). This money market fund is the largest open mutual fund in Nigeria which is authorized and registered in Nigeria under Section 160 of the Investment & Securities Act no 29 2007. This money market fund invests 100% of its assets in a low risk money market securities with financial institutions in Nigeria that is recognized by local rating agency recognized by the commission. Fund has an initial target of 10,000,000 Units, the Fund Manager will issue additional Units of the Fund to subscribers on demand after this initial tranche of 10,000,000 Units has been fully subscribed. The Fund will invest all of its assets in quality money market securities with tenors of less than 1 year and institutions that are Stanbic Ibtc Mutual Fund: How To Enroll Step By Step And All The Benefit With Interest Rates Written By gmposts Category Finance Stanbic IBTC Mutual Funds is an investment platform where people prepare themselves for the future or for unforeseen contingencies.
Fund Manager: Stanbic IBTC Asset Management Company. Minimum Investment : N5, 000. (5) Coronation Money Market Fund: Yield: 13.27% Expense Ratio: 0.29
* The Dollar Fund price(NGN) is only indicative as the exchange rate is subject to fluctuations **The NAV return for the ETF is based on the return of the underlying securities. NAV per unit may differ from the market price per unit as displayed on the regulators website or any other media. Stanbic IBTC - Money Market Fund is an open-end fund incorproated in Nigeria. The Fund's objective is to maximize the current level of interest while preserving capital invested. Make a draft payable to Stanbic IBTC Money Market Fund. Send your cheque, filled in subscription form and other documents to any of our offices in Lagos, Abuja or Port-Harcourt, or any branch of Stanbic IBTC Bank. Within five days, we will send you an email confirming your purchase of units and telling you how to log into your account. According to the data gathered by Quantitative Financial Analytics, the average interest rate on money market funds is currently 13.06% per year. This means that with 11.31 percent annual inflation, N100,000 invested in a money market account at 13.06% percent would gain about N1,750 in purchasing power over the course of a year. If you've got some money you would like to earn good interest on, then you should be familiar with the options I am presenting you today. Stanbic IBTC Money Market Fund. I don't think any investment house currently beats their low risk and barriers free rate of 14.18% (as of Sep 30, 2016). Max Yield is a savings account that offers higher interest rates and also enjoy partial withdrawals from the account without total loss or forfeiture of interest payment. More
The Stanbic IBTC Money Market Fund, which is regulated by Securities and Exchange Commission (SEC), is currently the largest open-ended mutual fund managed by Stanbic IBTC Asset Management. The fund invests its assets in low risk money market securities with financial institutions in Nigeria rated “A” and above by a local rating agency
If you've got some money you would like to earn good interest on, then you should be familiar with the options I am presenting you today. Stanbic IBTC Money Market Fund I don't think any investment house currently beats their low risk and barriers free rate of 14.18% (as of Sep 30, 2016). This money market fund is the largest open mutual fund in Nigeria which is authorized and registered in Nigeria under Section 160 of the Investment & Securities Act no 29 2007. This money market fund invests 100% of its assets in a low risk money market securities with financial institutions in Nigeria that is recognized by local rating agency recognized by the commission.
Stanbic IBTC Shari’ah Fixed Income Fund The Initial Public Offer (IPO) for the Stanbic IBTC Shari’ah Fixed Income Fund (SFIF) opens on Wednesday, 15 May 2019 and closes on Wednesday, 26 June 2019. The minimum subscription amount is N5,000.00 only for 50 units
The Stanbic IBTC Money Market Fund, which is regulated by Securities and Exchange Commission (SEC), is currently the largest open-ended mutual fund managed by Stanbic IBTC Asset Management. The fund invests its assets in low risk money market securities with financial institutions in Nigeria rated “A” and above by a local rating agency The Stanbic IBTC Money Market Fund closed the quarter at an effective yield of 8.64% p.a. up by 240 basis points from 6.27% p.a. at which it opened the quarter. The rise in the effective yield was not unconnected to the upward trajectory in interest rates in the market and the level of liquidity tightness prevalent in the system especially in June. Third party deposits and withdrawals by cheques into your Max Yield account (your cheque can only be cleared at Stanbic IBTC branches) Holders earn regular savings account interest rates plus 2% with average daily deposit of more than N100,000 (One hundred thousand Naira only) You get no interest when you make more than four withdrawals in a month Please visit a Stanbic IBTC Bank branch or call us 0700 CALL STANBIC (0700 2255 7826242) or +234 01 270 9676 or email [email protected]
Max Yield is a savings account that offers higher interest rates and also enjoy partial withdrawals from the account without total loss or forfeiture of interest payment. More
18 Mar 2019 Fund Manager: Stanbic IBTC Asset Management Company. (5) AIICO Money Market Fund: Yield: 13.28% Expense Ratio 30 Jul 2019 Placing funds in a money market account may provide a higher interest rate than a savings account because of the underlying securities of the Am using Stanbic ibtc mutual funds..you will have relax mind..every thing is online. Am currently investing in two money investmentsmoney market fund and The interest rates quoted for these mutual funds are very good compared to 2 Oct 2016 You get a max interest rate of 5%. They are not very clear about the interest rates for different amount brackets like Diamond but the minimum 3 May 2018 This type of mutual fund has a high yield potential but also has a Money market ( fixed income ) fund : These are mutual funds that Stanbic IBTC Asset management has several mutual fund plan categories which includes:.
Max Yield is a savings account that offers higher interest rates and also enjoy partial withdrawals from the account without total loss or forfeiture of interest payment. More Make a draft payable to Stanbic IBTC Money Market Fund. Send your cheque, filled in subscription form and other documents to any of our offices in Lagos, Abuja or Port-Harcourt, or any branch of Stanbic IBTC Bank. Within five days, we will send you an email confirming your purchase of units and telling you how to log into your account. Stanbic IBTC Ventures Limited, the Promoter of the Fund, will subscribe to 10% of the Offer size. Stanbic IBTC Ventures Limited is a wholly-owned subsidiary of Stanbic IBTC Bank PLC. 12. UNDERWRITING At the instance of the Fund Manager, the Offer will not be underwritten. 13. OPENING DATE 16 November 2009. 14. CLOSING DATE 20 November 2009. STANBIC IBTC MONEY MARKET FUND 3 DEFINITIONS “Bid Price” The price at which an investor can sell/redeem units of The Fund on the relevant day. “Business Day” or “Working Day” Any day other than a Saturday, Sunday or an official public Stanbic IBTC Shari’ah Fixed Income Fund The Initial Public Offer (IPO) for the Stanbic IBTC Shari’ah Fixed Income Fund (SFIF) opens on Wednesday, 15 May 2019 and closes on Wednesday, 26 June 2019. The minimum subscription amount is N5,000.00 only for 50 units If you've got some money you would like to earn good interest on, then you should be familiar with the options I am presenting you today. Stanbic IBTC Money Market Fund I don't think any investment house currently beats their low risk and barriers free rate of 14.18% (as of Sep 30, 2016). This money market fund is the largest open mutual fund in Nigeria which is authorized and registered in Nigeria under Section 160 of the Investment & Securities Act no 29 2007. This money market fund invests 100% of its assets in a low risk money market securities with financial institutions in Nigeria that is recognized by local rating agency recognized by the commission.