Fixed Income Fund
This is a money market product that will provide a guaranteed yield at MPR an agreed margin. It is a high yield investment product and is suited for those investors that are seeking guaranteed returns and very low risk on their investment.
Features:
- The minimum amount to be deposited by each investors is =N=500,000.00
- This fund will be invested in other money market instrument wit a higher rate of return, fixed income securities including debt instruments, etc.
- The duration ranges from 30, 60, 90, 180 days to one year.
- On maturity of the investment the principal and the accrued interest will be rolled over for tenure except other instructed by the client.
- A 24-hour notice is required from the client if the he wants to withdraw from the investment before maturity and this will attract a penalty charge of 15% on the prorated guaranteed return.
- The investment is entitled to a zero COT.
- Guaranteed return could be paid upfront if desired (for investment of =N=100m & above).
- Interest rates are very attractive and negotiable
Benefits:
- Return on investment is higher than that on average investment.
- The benefit is not subject to any charges.
- The structure is flexible with variable durations.
- It is a very good investment for investors seeking guaranteed returns at a very low risk.
Consolidated Fund
SFC consolidated fund is a product developed specially to give individuals with lower capacity the opportunity to invest and build up their portfolio in the money and capital market instruments through pooling of funds. This involves contributions from various investors into a pool and in return, investors will receive a commercial note being evidence of their investment and share in the returns generated by the fund.
Features:
- Initial investment of =N=50,000.00 minimum.
- Subsequent deposit of =N=25,000.00 minimum made at anytime convenient.
- Investment is for a minimum of 3 months
- Total principal invested guaranteed.
- Quarterly report to be received by investors
- Termination of agreement before the end of 3 months of investing will attract a penalty of 10% of returns.
- Interest rates are very attractive and negotiable
Benefits:
- Allows for investment opportunities for small scale investors.
- Creates an avenue for constant income generation
- The product is created for risk averse investors
- Principal plus interest is guaranteed upon termination of investment after 3 months.
- Opportunity to convert to other products after investment has attained the minimum requirements of other products.
Equity Portfolio Management Programme
This scheme is intended to meet investment and the risk appetite drive of various groups including High Net-worth individuals, Institutional investors e.t.c in order to meet their desired investment objectives i.e. income and capital appreciation, adopting sound strategies that allows for judicious allocation of resources, technical expertise of the capital market, stringent risk management techniques and up to date in-depth analysis in meeting desired goals of the clients.
Features:
- Minimum worth of =N=2 million is required. (In stocks or cash)
- Tenure of 6 (six) months and above
- Main capital market/equity investments
- Portfolio management services modes:
- Discretionary we take initiative of what & where to invest
- Semi-discretionary we recommend investment for your approval.
- Non discretionary we execute plainly you orders
Fee Structure:
- =N=3 million & above 1% flat per annum
- =N=200million – 299million 1.25% flat per annum
- =N=100 million - =N=99 million 1.5% flat per annum
- Less that =N= million 2% flat rate per annum
- Performance Incentive Fee 30% of returns made in excess of the benchmark (NSE ASI for equity Portfolio).
Benefits:
- Efficient management of portfolio using market expertise to drive appreciation on investments, including tracking and collection of relevant benefits.
- Capital appreciation on investment
- Call option on investment gain before the expiration of tenure
- Allowance for addition on investment after commencement.
- Highly diversified investment portfolio for optimum gain
- Roll over option after the expiration of agreed tenure.
- Periodic updates on portfolio performance
- Portfolio can be in any major currency
- Access to credit facility.
Hybrid Investment Proramme
The Summit Hybrid Investment Programme enables us structure portfolios for each individual client comprising of both Money market and Equity portfolio products in a mix peculiar the risk profile and liquidity needs of the client. The percentages of asset allocation between the various classes of investments will be agreed with each client and will be managed professionally and actively.
Features:
- Initial opening balance; Minimum of =N=2 million for individual and =M=5.0 million for corporate.
- Flexible duration as agreed with clients (90, 180, 365 days).
- Asset allocation structure will be agreed upfront with client.
- Minimum liquidation notice of 3 working days (i.e T 3).
- 1% penalty on the guaranteed return will be charged on investment if liquidated before the agreed tenor.
- Waiver on penalties on all withdrawals before maturity provided the fund is being reinvested through Summit Finance Coy. Ltd .in any other product, outside the one being liquidated.
- Guaranteed minimum returns in line with structure of portfolio
- Zero COT.
Benefits:
- Dual source of returns i.e from money market and equity investment.
- Helps to avoid single line of investment i.e diversification options.
- Returns could begin from first month since it is a dual investment option.
Wealth Management Programme
This programme is aimed at driving high rate of return on investments for High Net-worth individuals who are keen on making the best returns un-impaired by losses out of their hard earned wealth on a long-term investment structure. Therefore, we undertake to put all necessary technical and professional consciousness characterized by integrity and probity in place for the efficient management of such portfolio/investment targeted at generating the rate of returns desirable to the holder.
Features:
- Minimum fund worth of =N=10m is required.
- Minimum tenure of 1 year or 18 months.
- Guaranteed rate of returns (through negotiable)
- Guaranteed on amount invested.
- Termination option after 1 year, but will attract a penalty of 17% on profit due on such investment.
- Roll over option after expiration of tenure
- To include investments in real estate, blue chip securities and money market products, and private equity.
- Allowance for investment addition after commencement.
- Portfolio may hold offshore securities
- Portfolio can be denominated in any major currency.
Benefits:
- Growth on wealth devoid of loses.
- Guaranteed good returns on investment and risk.
- Retirement/financial planning/estate planning as added ancillary service.
- Call option of investment proceeds before expiration of tenure
- Could be liquidated after the expiration of the tenure.
- Timely reports on the state of affairs of the investment
- Long term capital appreciation of investments in a highly diversified portfolio mix.
- Wealth transfer option.
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