Bond Fund is the latest open-ended scheme to be launched by UTT AMIS on 16th September 2019, designed to generate periodic income, subject to distributable surplus and capital appreciation to investors.

FUND OBJECTIVE 

An open–ended fund primarily seeking monthly or semi-annual income generation with a possibility of capital appreciation through exposure to a diversified portfolio of debt and money market instruments .

LIQUIDITY/SALE OF UNITS

Partial/full repurchase is allowed and is processed within ten (10) working days.

ELIGIBLE INVESTOR(S)

All Tanzanian and non-Tanzanian individual & non-individual (joint holders, institutions & groups) investors.

INVESTMENT POLICY

Fixed-income securities will make up at least 90% of the portfolio with the remaining 10% will be invested in liquid assets.

SCHEME FEATURES

• Single and joint holders are permitted.

• There is neither entry nor exit load.
• The fund allows the transfer of units from one investor to another.
• In the event of the death of a unit holder, the survivor, joint holder, or nominee shall be permitted to become the unit holder.
• Units may be used as collateral against loan facilities by financial institutions.
• The Scheme offers investment options under three plans:

(a) Reinvestment Plan;

(b) Monthly Income Distribution Plan; and

(c) Semi-annual Income Distribution Plan.

Minimum Initial Investment

(a) TZS 50,000 for reinvestment option;

(b) TZS 10 million for monthly income distribution; and

(c) TZS 5 million for semi-annual income distribution

• Minimum additional investment amount is TZS 5,000 for all three plans.
• There is no limit on the maximum amount to be invested.

SCHEME BENCHMARK

• 7 years treasury bond Weighted Average Yield (WAY).

HOW TO OPEN AN ACCOUNT/REGISTER.

Dial *150*82# or download the UTTAMIS APP to open an account, fill out the application form and submit it to any UTT AMIS office or online through uwekezaji@uttamis.co.tz  .Proceed to invest through banks or mobile network operator platforms.

HOW TO INVEST/BUY UNITS - Click here.

SCHEME PERFORMANCE

Graph No. 01, Fund Size and NAV per unit Movement for the Period Ended 30th June 2022

Table No. 01 Bond Fund Historical Performances for the financial year ended June 2022.