JIKIMU FUND UNIT TRUST SCHEME
Jikimu Fund was the fourth open–ended balanced scheme launched by UTTAMIS on 3rd November 2008, suited to investors seeking long-term capital growth through exposure to a broadly diversified portfolio of listed equities and debt instruments. The scheme is an investment vehicle providing income and relative capital growth over time. Income will be distributed on a quarterly and annual basis.
FUND OBJECTIVE
To help investors who wish to have regular cash flows meet their periodical expenditures while enjoying capital appreciation on their investment.
LIQUIDITY/SALE OF UNITS
Partial/full repurchase is allowed and is processed within ten (10) working days.
ELIGIBLE INVESTOR(S)
All individual & non-individual (joint holders, institutions & groups) Tanzanians.
INVESTMENT POLICY
The scheme shall invest in listed equities provided that the amount invested in this market segment shall not exceed thirty-five percent (35%) of the total investment of the scheme The balance shall be invested in government instruments of various maturities, listed corporate bonds as well as deposit accounts.
SCHEME FEATURES
- Single and joint holders are permitted.
- Investment plans and minimum initial investment amount:
(a) Quarterly Income Distribution Plan [TZS 2 million]
(b) Annual Income Distribution Plan [TZS 1 million] and
(c) Annual Re-investment Plan/ Growth [TZS 5,000/-];
- Minimum additional investment amount:
(a) TZS 15,000 for a quarterly or annual plan.
(b) TZS 5,000 for an annual reinvestment plan.
- Units are sold at NAV [meaning no entry load].
Exit load on repurchase:
(a) 2.0% for repurchase within 1 year,
(b) 1.5% for repurchase between 1-2 years,
(c) 1.0% between 2-3 years, and
(d) No exit load after 3 years.
- The fund allows the transfer of units from one investor to another.
- In the event of the death of the 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.
- There is no limit on the maximum amount to be invested.
SCHEME BENCHMARK
Dar es Salaam stock exchange local index (TSI) and 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.
Chart No. 01; Jikimu Fund Size and NAV per Unit Movement as of 30th June, 2022
Table No. 01 Jikimu Fund Historical Performances for the financial year ended June
Financial Year |
2018 |
2019 |
2020 |
2021 |
2022 |
Annual return for the Financial Year Ended June (Net of Tax) |
10.0% |
10.6% |
15.6% |
18.8% |
13.6% |
Paid Income distribution per unit, TZS |
12.0 |
12.0 |
12.0 |
12.0 |
12.0 |
Benchmark return |
4.5% |
-3.2% |
1.5% |
8.1% |
8.7% |