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The short answer
Open an account with Stanbic IBTC Asset Management through its Instant Account link (or a branch form), receive your e-account number by email, then pay by bank transfer to the fund’s account quoting that number; existing investors can top up through the online portal or mobile app. For the Money Market Fund the minimum initial investment is ₦5,000; other funds set their own minimums.
Stanbic IBTC Asset Management runs a range of mutual funds, from a money market fund to bond, balanced and equity-based funds. Buying one is mainly a matter of opening an investor account and paying in correctly. The detail below comes from the asset manager’s Money Market Fund page, read in October 2026; other funds follow a similar process, but their minimums, holding periods and fees differ, so check each fund’s own page before you buy. This is information, not investment advice.
Before you start
- A government-issued ID and proof of address, which the branch form route asks for, along with a passport photograph.
- A Nigerian bank account in your name, to pay in and to receive redemptions.
- An email address you check, because your e-account number is sent there.
- A clear idea of which fund you want and why; the asset manager’s site has a page for each fund.
- Optionally, a check of the manager on the SEC’s Find a Registered Operator directory, which lists registered fund and portfolio managers.
Step 1: open an investor account
New investors have two routes. Online, use the Instant Account link on the fund page. In person, complete the Subscription Form and submit it at any Stanbic IBTC branch with a passport photograph, a government ID and proof of address. Either way, the page says the account is opened within one business day and your e-account number is emailed to you. Keep that number; it is how your payments are matched to you.
Step 2: pay into the fund
For the Money Market Fund, the page tells new investors to transfer the investment to the fund’s subscription account at UBA, named “UBA NOM FIRST TRUSTEES STANBICIBTC MONEY MARKET FUND”, using the e-account number as the reference. Cash is not accepted. Each fund has its own subscription account, so copy the details from that fund’s page or form, not from a message or a third-party site.
Step 3: top up through the app or portal
Once you have an account, the page says you can add money by transfer from your bank quoting your e-account number, or top up through the online portal or mobile app. Using the app keeps your subscriptions and your statement in one place.
Minimums, holding periods and fees
| Item | Money Market Fund (per fund page) |
|---|---|
| Minimum initial investment | ₦5,000 |
| Minimum top-up | Not stated on the page |
| Minimum holding period | 30 days |
| Early-redemption penalty | 20% of accrued income if redeemed within 30 days |
| Management fee | 1.5% a year |
| Income distribution | Quarterly |
| Online redemption | Paid within 2 working days; daily online limit ₦2,500,000 |
| Branch redemption | Paid within 5 working days |
Bond, balanced and equity-based funds usually hold investments that move more in price, which is why their minimum holding periods and charges are often different. Read the fund page and the latest factsheet for the fund you choose.
Worked example: subscribing and leaving early
Example only. Chidi puts ₦200,000 into the Money Market Fund and needs it back after 20 days, when his account shows ₦2,400 of accrued income. Because he is inside the 30-day holding period, 20% of the income is deducted: ₦2,400 × 20% = ₦480. He receives ₦200,000 + ₦2,400 − ₦480 = ₦201,920. Waiting another 10 days would avoid the penalty.
Redeeming when you need the money
For the Money Market Fund, online redemption through the web portal or app pays to your nominated bank account within two working days, with a daily online limit of ₦2,500,000; the page says it is available for individual and joint accounts once a signed consent form is in place. Larger sums, or redemptions without online access, go through a branch redemption form and are paid within five working days. If you know a bill is coming, start the redemption early enough to cover the working days, and split a large redemption across days if it is above the online limit.
Choosing between funds
Start from when you will need the money. A money market fund suits short-term money and emergency savings because it holds short instruments such as Treasury bills and commercial paper. A bond fund is for longer horizons and can fall in price when interest rates rise. Equity-based funds suit money you will leave for years. Our guide to money market funds in Nigeria explains the short end, and the Stanbic IBTC Money Market Fund explained goes deeper on that fund. For the question of a fund versus a deposit, see fixed deposit vs savings account.
Where Pryme fits
You can pay a fund subscription from any Nigerian bank account in your name, including a Pryme account; send it with Pryme Send and quote your e-account number exactly. For goal savings in naira alongside a fund, Pryme’s Savings Boxes show their rates in the app before you commit.
Questions people ask
What is the minimum to invest in Stanbic IBTC mutual fund?
For the Money Market Fund it is ₦5,000 initially, according to the fund page. Other Stanbic IBTC funds set their own minimums; check each fund page.
How do I invest in Stanbic IBTC money market fund online?
Open an account through the Instant Account link, receive your e-account number by email, then transfer to the fund’s subscription account quoting that number. Top up later through the portal or app.
Can I pay cash into a Stanbic IBTC fund?
No. The fund page says cash is not accepted; pay by bank transfer quoting your e-account number.
How long does Stanbic IBTC fund redemption take?
For the Money Market Fund, online redemptions are paid within two working days and branch redemptions within five, according to the fund page.
Sources
- Stanbic IBTC Asset Management: Stanbic IBTC Money Market Fund · accessed Oct 2026
- SEC Nigeria: Find a Registered Operator · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.