JIKIMU FUND UNIT TRUST SCHEME

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%