Unit Trusts
What is a Unit Trust?
A unit trust is a collective investment scheme, which pools contributions from investors with a common investment objective. The pooled funds are then used to purchase a portfolio of financial securities. Depending on the objective of the unit trust, the type of securities to be bought can comprise of: equities (shares), bonds, cash, bank deposits etc. The unit trust portfolio is managed by a professional fund manager.
- Managed investment fund in which investors’ contributions are pooled together to purchase financial securities, such as equities (shares), bonds, bank deposits etc.
- Accessibility – ability to participate in investments that may be available only to larger investors, such as foreign markets.
- Regulatory Oversight – funds are regulated by the Capital Markets Authority.
- Ease of Comparison – all mutual funds are required to report the same information to investors, which makes them easy to compare.
- Increased diversification – a fund holds many financial securities which decreases risk
- Daily liquidity – unit holders can buy and sell their units daily.
- Professional investment management – portfolio managers supervise the fund’s investments.
Money Market Fund
As low as UGX 30,000 and up to whatever amount you want to invest.
- As low as UGX 30.000 and up to whatever amount you want to invest. Can be set up by visiting Digi Trust Page.
- Diversification of investments. Gives individual investors access to a variety of investment instruments. (diverse portfolios.)
- Created by a deed, contractual agreement that governs that relationship between, you, the investor & the investment/fund manager the trustees and Capital Markets Authority.
- Economies of scale. Gives you access to investments that would otherwise be unaffordable individual investor, inaccessible to you as an
- Professional Investment management
- Easy access to funds.
- Save for multiple goals using one platform.
MTN Yinvesta
Yinvesta is digital service enabling MTN customers to invest with a minimum of UGX 1,000 and earn a daily rate of return on their investment.
- Easy access to the funds which are made available immediately on request
- Interest earned is compounded monthly.
- There is no fixed or contractual investment period. MTN MoMo customers have the flexibility to top up their investment at any time.
- Sanlam Income Fund deduct’ s an Annual Management Fee of 1.5% per annum on the value of the amount invested in the Sanlam Income Fund. The Annual Management Fee will be deducted before interest is paid and will not be part of the transactions on the MTN USSD platform.
- MTN MoMo may also levy a service fee of 1% on the interest accrued by each customer, which will be deducted from the overall rate of return.
- To Opt in the Services, a Customer must meet and fulfill the below requirements:
- have a MTN Mobile number;
- be at least eighteen (18) years old;
- You are not listed on any sanctions list of prohibited or restricted parties.
- You have given us the right information; and
- You read and understood these Terms before you created a Card.
- By opening a Yinvesta account , You confirm that you meet all the specified requirements and agree not to use the Services for any Unlawful Activities.
- The terms of this Agreement shall remain in force until you Opt out from the Services and/or close your MTN MoMo account.
- MTN has the right to deny your application for a Yinvesta Account or revoke your customer privileges at any time, at its sole discretion, without needing to provide a reason or notice.
Sanlam Unit Trust
Offers you the opportunity to start investing as low as UGX 100,000.
Funds are invested in high quality interest bearing assets such as fixed deposits & gov’t Securities in è mkt.
➔ The fund’s yield consists of compounded interest that is calculated daily and distributed monthly into the clients account.
➔ Free to set-up account (no initial fee)
➔ Low risk fund,
➔ The fund is ideal as a safe porking for money in the short term to medium form. It is a good option for individual, corporate or joint investors, Minimum Investment (UGX 100,000)
- Secure. Sanlam income fund has a capital guarantee.
- Efficiency. Quick & easy access to funds
- Interest is compounded and is calculated on a daily basis.
- Flexibility. The period to invest is not fixed or contractual
- Top-Ups. Investors can top up anytime for as low as 50.0001 =
- Managed by experienced and professional asset managers. The money
- is held by a trusted company separate from the managing company.
- Performance. Salam Income fund has performed better than the bank fixed deposits.
- Rate is equivalent to the yield of the underlying investments.
SC Shilingi Funds
Clients can invest from as low as UGX 20,000.
- The minimum investment amount is Ugx 20,000 and the maximum is Ugx 110,000,000 per transaction. You can do multiple transactions of up to Ugx 500,000,000 a day
- Earn competitive interest rates.
- Very flexible – withdraw fully or partially at any time.
- Sign up at no cost.
- No paperwork: Investing in SC Shilingi Funds is done 100% digitally on SC
Mobile App.
Stanbic Unit Trust
(An investment product that enables you to pool your money together with other investors (unit holders) to create a large fund.
- Investment product that enables you to pool your money together with other investors (unit holders) to create a large fund.
- This Fund is managed by a professional Unit Trust Manager who invests in a wide range of securities such as Shares, Treasury Bills to get a favorable return on your Investment
Earn Interest Daily :We generate superior returns on your investments given our understanding and experience in the investment markets that ensures you achieve your investment goals.
Convenient investing :Our platforms provide a customized experience for your investment journey by enabling you to track, make top ups and access your investments simply
Research capabilities :Our strong research capabilities ensure that your investments are dynamically tilted to maximize returns. We also help you break down the investment jargon, providing you with an understanding of the investment environment.
Professional investment services : We have a rich depth of expertise in the investment industry immersed over the years which guides asset allocation and ensures superior returns on your investments.
- Investment flexibility, fund,invests in low-risk, short-term debt instruments. These instruments typically mature within one year or less
- Investment as Collateral: Utilize your money market fund account as security for a loan (subject to approval).
- Multiple Access Points: Conveniently manage your account through USSD, web platform, and mobile app.
- Low-Risk Investment: The money market fund invests in short-term securities, minimizing exposure to market fluctuations and interest rate risk.
- Diversified Portfolio: Your investment is channeled into a well-diversified portfolio of low-risk assets, including:
- Corporate and Treasury Bonds issued by reputable institutions
- Fixed Deposits with a short maturity period
- Treasury Bills issued by the government
- Investment Flexibility: There is no fixed investment term, allowing for easy access to your funds when needed.
- Multiple Contribution Methods: Invest conveniently through direct debit, M-Pesa,Mobile money, cheques, or standing orders.
- Free Withdrawal: Enjoy one free withdrawal per month. Additional withdrawals may incur fees.
- Regular Interest :Earn interest on your investment calculated daily on allocated onto your account monthly
- Investment Flexibility. Easily switch your investment btn different funds offered by the company to adapt to your changing goals.
- Fast and Easy Access. Quick and convenient withdrawals with options. like M-Pesa and EFT.
- Zero Entry Fees. Invest without any initial charges, making it easier to get started.
- Ongoing Support. Receive monthly financial support and statements & access to valuable investment advice from our team.
- Automated Investing. Set up a cash flow plan to automate regular transfers from your money market fund to your designated alc to other investments within our company.
- Seamless, convenient way to invest your dollar funds along with a tool for investors in a diversified set of financial instruments such as bonds and dollar notes.
What you should I know before investing in a Dollar Unit Trust Fund
- Determine what your investment objective is
- Consider your risk appetite
- Consider your investment horizon and possibly whether you will need the money in the short or long term.
Note: It is important to bear in mind that the value of the unit trust will fluctuate in accordance with the underlying investments and any income may go down, as well as up.
- Low-cost access to both the fixed-income market and the stock market
- Full-time professional management of your money
- Unit trusts are flexible, transparent, easy to join and give you all-round access to investment proceeds
- One of the most tax-efficient ways of investing (provide tax exemptions on interest income, capital gains tax exemptions)
Individuals / Joint Accounts
- Copy of identification document (Preferably National ID)
- One colour passport-size photo
- Copy of recent bank statement (Last 3 months or cancelled cheque)
- Proof of residence if there is no National ID (Copy of utility bill or LC letter or residence verification letter)
Corporate / Investment Clubs / Saccos / NGOs / Religious Bodies and Others.
- Copy of Certificate of Incorporation
- Copies of signatory’s identification documents
- One colour passport-sized photo of each of the signatories
- Copy of recent bank statement not more than 3 months or cancelled cheque
- Resolution to carry out the investment on company letterhead
Suitable for small to medium sized pensioners who are seeking personal pension plans.
- Capital preservation and generation of consistent income with low to medium investment risk.
- The fund invests in interest – bearing securities offered in the market Such as treasury bills, treasury bonds, corporate bonds, fixed deposits with approved financial institutions, and other fixed income securities available in the market.
- Has a bias toward fixed-income securities offering long term value.