Application forms for utt

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).

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

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