Umoja Fund is an open-ended balanced scheme, it was the first scheme launched by UTT-AMIS and has been operating since May 2005.
FUND OBJECTIVE
The fund aims to offer investors an investment that provides medium to long-term capital growth with less volatility in investment activity than pure equity investments, via a diversified portfolio that consists of debt and equity instruments.
LIQUIDITY/SALE OF UNITS
Partial/full repurchase is allowed and is processed within ten (10) working days, upon receipt of an investor’s repurchase form.
ELIGIBLE INVESTORS
All individuals & non-individuals (joint holders, institutions & groups) of the East African community.
INVESTMENT POLICY
The scheme shall invest in listed equities provided that the amount invested in this market segment shall not exceed fifty percent (50%) of the total investment of the scheme. The balance shall be invested in Government instruments of various maturities, corporate bonds as well as time deposit accounts.
SCHEME FEATURES
- Units are sold at NAV per unit [meaning there is no entry load].
- Minimum investment amount is equal to the sale value of 10 units.
- Repurchase amount is payable after deducting 1% exit load on NAV.
- Flexible entry/ exit provisions – one can buy and sell (repurchase) units on any business day.
- Partial or full repurchases are processed within ten (10) working days.
- There is no lock-in period.
- 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.
- There is no limit on the maximum amount to be invested.
SCHEME BENCHMARK
- Benchmarked by composite 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; Umoja Fund Size and NAV per Unit Movement as at 30th June, 2022
Table No. 01 Umoja 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) |
14.4% |
-1.2% |
10.3% |
16.6% |
12.6% |
Benchmark return |
4.5% |
-3.2% |
1.5% |
8.1% |
8.7% |