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Liquid Fund Unit Trust Scheme (Ukwasi Fund)

  • Objectives: An open ended growth scheme, which seeks to provide alternative investment opportunity to investors who wish to park their surplus/ idle funds for a short to medium term duration, at competitive rates. Low risk coupled with high level of liquidity remains the hallmark of this Fund.
  • Investment Policy: a minimum of 50% in Money Market instruments, and balance in Debt securities.
  • Options: The scheme offers investment under Growth Option with an easy exit and no load charged.
  • Eligible Investor(s): Open for investment to Resident and Non Resident Tanzanians, which includes individual [including minors] as well as non-individual investors like Pension Funds, Banks, Government Organizations, Regulatory Authorities, Armed Forces, NGOs, and Other Corporate Bodies etc.
  • Minimum Investment Amount: (a) Initial Investment = Tzs. 5 million; and (b) Subsequent Additional Investment = Tzs. 1 million.
  • Maximum Investment Amount: There is no limit on the maximum amount to be invested by an investor.
  • Holding Basis: Single OR Joint [as opted by respective investors – applicable only to individual investors]
  • Liquidity: Scheme units to remain open for repurchase on all business days [note: repurchase to commence after a cool off period not exceeding 10 business days from the initial sale closure date]. Repurchase will be processed within 24 hours of the receipt of investor’s request at UTT-HQ. Repurchase amount shall be directly credited into a unit holder’s bank a/c.
  • Nil Entry/ Exit Load: The scheme shall charge neither the entry load nor the exit load, thus investors shall be allowed to purchase as well as redeem units at the prevailing applicable NAV. 
  • Bench Mark: 35 days T-bill rate.
  • Capital Protection: Intent is to protect the portfolio from risks of change in value, and to focus on earning interest income, without taking undue risks. 

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