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