How do I begin my journey in Stanbic ITC money mutual funds investment? I mean the site and probably the referral code.
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How do I begin my journey in Stanbic ITC money mutual funds investment? I mean the site and probably the referral code.
To start investing in the Stanbic IBTC Asset Management Money Market Fund, you do not need a referral code. Stanbic allows direct account opening and investment online. Step 1: Open an Investment Account Visit: stanbicibtcfundsmanagement.com You will need: BVN Valid ID (National ID, Voter's Card, DrRead more
To start investing in the Stanbic IBTC Asset Management Money Market Fund, you do not need a referral code. Stanbic allows direct account opening and investment online.
See lessStep 1: Open an Investment Account
Visit:
stanbicibtcfundsmanagement.com
You will need:
BVN
Valid ID (National ID, Voter’s Card, Driver’s License, or International Passport)
Passport photograph
Utility bill or proof of address
Bank account details
These are the standard KYC requirements
Step 2: Fund Your Investment
The current minimum initial investment is ₦5,000. Subsequent investments can also start from ₦5,000.
Step 3: Understand the Fund
The fund invests primarily in:
Treasury Bills
Commercial Papers
Fixed Deposits
Other high-quality money market instruments
Its objective is capital preservation and steady income generation with relatively low risk.
Before You Invest
Since we’ve discussed your interest in:
FGN Savings Bonds
Nigerian Bond Funds
ETFs
Potential IPOs such as Dangote Refinery
I would suggest a beginner allocation like this if you have ₦50,000:
₦25,000 → Money Market Fund (liquidity and safety)
₦15,000 → FGN Savings Bond when available
₦10,000 → Quality dividend-paying Nigerian shares (gradually)
This lets you build experience while avoiding concentration in a single investment.
One thing to note: Stanbic’s Money Market Fund has a 30-day minimum holding period. Redeeming earlier may attract a penalty on accrued income.
If your goal is long-term wealth creation (10+ years), I can also show you how Stanbic Money Market Fund compares with:
Meristem Money Market Fund
Vetiva Money Market Fund
Nigerian Treasury Bills
Nigerian Bond Funds
Dividend stocks on the NGX
and which combination is likely to give the best balance of growth and safety.
Thank you. Your response was helpful. I was able to download the app and about to complete my KYC registration. Though I'm already in the stock market through Meristem via Meritrade app, however, my goal is long-term wealth creation. I'll like to know how Stanbic Money Market Fund compares with: MerRead more
Thank you.
See lessYour response was helpful.
I was able to download the app and about to complete my KYC registration. Though I’m already in the stock market through Meristem via Meritrade app, however, my goal is long-term wealth creation. I’ll like to know how Stanbic Money Market Fund compares with:
Meristem Money Market Fund
Vetiva Money Market Fund
Nigerian Treasury Bills
Nigerian Bond Funds
Dividend stocks on the NGX
and which combination is likely to give the best balance of growth and safety.
Also, I'm looking at depositing 80k at a go for a start. Should I invest it on money mutual funds and FG bonds or just money mutual funds?
Also, I’m looking at depositing 80k at a go for a start. Should I invest it on money mutual funds and FG bonds or just money mutual funds?
See less