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INITIATION OF 'REGULAR INCOME UNIT TRUST SCHEME (JIKIMU FUND)'
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The UTT in its effort to offer the best returns at a given level of risk is committed to launch unit trust schemes to suit the investment horizon of various classes of investors. While Wekeza Maisha / Invest Life Unit Trust Scheme was being marketed, the UTT received market feed back at various forums and in response to it, it has been decided to launch a product to suit those individuals/institutions who have a lump sum corpus and need a steady return to meet their regular needs. Our in house assessment of the market has reinforced that there is a need to address this need gap.
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Investors who receive a lump sum amount by way of superannuation or due to any other reason need to plan their investments so that they continue to get a regular income and at the same time there is a possibility of capital appreciation on a long term basis.
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With virtually no such product offered in the country, such investors are left to decide their own investment mix. They may not have the wherewithal to invest in financial products or even if they have adequate information/knowledge the transaction costs may be too prohibitive for small sums of money. Moreover timing the market or adapting to changed market conditions is not always possible even for the professional investor and remaining invested in a portfolio of one’s choice is a better way of availing of these opportunities.
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Traditionally, Tanzanians have not been having a savings culture primarily because of low disposable income. However investors with disposable income especially retired persons need to plan well for their own needs. The extended family concept is fast waning and if one does not plan for one’s future the old and retired persons who spend the lump sum find it difficult to make the ends meet. It is better to plan and remain independent than be a hapless victim of circumstances once the lump sum is spent. It is for all such investors that the ‘Regular Income Unit Trust Scheme (Jikimu Fund)’ offers a solution.
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Regular Income Unit Trust Scheme (Jikimu Fund) aims at providing regular income distribution/reinvesting of income and capital appreciation (if any) over a long term from a prudent portfolio mix of equity and fixed income securities.
For more information about Jikimu Fund, click the following link to download the Offer Document.
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