UTTAMIS WATOTO FUNDS jumanneomary333@gmail.com, January 29, 2023 Watoto Fund | UTTAMIS Table of Contents Toggle UTT ASSET MANAGEMENT AND INVESTOR SERVICES PLCDHAMANA YA UWEKEZAJI NA USIMAMIZI RASILIMALI TANZANIAWatoto FundHead Office Address UTT ASSET MANAGEMENT AND INVESTOR SERVICES PLCDHAMANA YA UWEKEZAJI NA USIMAMIZI RASILIMALI TANZANIA Your Obvious Investment PartnerMshiriki wako hakika katika uwekezaji Watoto Fund Objectives: A child benefit open end balanced fund, which seeks to generate long term capital appreciation through a judicious mix of investment in debt and listed equity instruments. Beneficiary child &Entry Age: Investment in the name of a child up to the age of 18 years. Eligible Investor(s): Open for Investment to Resident as well as Non Resident i.e. Individuals, Corporate Bodies, Banks, Eligible Trust (NGO) etc. Investments are made for the benefit of a beneficiary child. As a special case, Foreign Nationals (Individual as well as non-individual) shall also be allowed to make investment in favor of a Tanzanian beneficiary child, on non repatriable basis. Asset Ratio: (a) Debt: 0 to 100% and (b) Listed Equity: 0 to 50% Investment Options: The scheme offers investment on two options-(a)Scholarship Option-Payments are made to the beneficiary children after they attain the age of 12 years. The scholarships shall be payable at two intervals-Half- yearly or Yearly (depending upon the investor`s preference): (b)Growth option-No regular payments as such be made to the unit holders and instead they shall enjoy the benefit of capital appreciation in form of NAV appreciation. Minimum Investment: (a) Initial Investment Amount =TZS 10,000 and (b) Additional Investment Amount =TZS 5,000/- However there is no limit on the maximum investment amount made by an investor. Liquidity: Partial/full repurchase is allowed after the beneficiary child would have attained 12 years of age (which is an average age for joining secondary school education in the country).However partial /full repurchase may be allowed in case of exigencies e.g. where money is needed for medical treatment of the beneficiary child or any other genuine reason. Scheme Duration &Maturity: Though the duration of the scheme is perpetual, however for a unit holder (i.e. beneficiary child) the scheme shall mature, upon he/she attaining 24 years of age. Head Office Address Head Office Address Head Office Address 2nd Floor Sukari House, Sokoine/Ohio Street, P.O. Box 14825, Dar es Salaam, TANZANIA Phone: 0800 112 020 Fax: +255 22 2137593. Email: uwekezaji@uttamis.co.tz Uncategorized
Objectives: A child benefit open end balanced fund, which seeks to generate long term capital appreciation through a judicious mix of investment in debt and listed equity instruments. Beneficiary child &Entry Age: Investment in the name of a child up to the age of 18 years. Eligible Investor(s): Open for Investment to Resident as well as Non Resident i.e. Individuals, Corporate Bodies, Banks, Eligible Trust (NGO) etc. Investments are made for the benefit of a beneficiary child. As a special case, Foreign Nationals (Individual as well as non-individual) shall also be allowed to make investment in favor of a Tanzanian beneficiary child, on non repatriable basis. Asset Ratio: (a) Debt: 0 to 100% and (b) Listed Equity: 0 to 50% Investment Options: The scheme offers investment on two options-(a)Scholarship Option-Payments are made to the beneficiary children after they attain the age of 12 years. The scholarships shall be payable at two intervals-Half- yearly or Yearly (depending upon the investor`s preference): (b)Growth option-No regular payments as such be made to the unit holders and instead they shall enjoy the benefit of capital appreciation in form of NAV appreciation. Minimum Investment: (a) Initial Investment Amount =TZS 10,000 and (b) Additional Investment Amount =TZS 5,000/- However there is no limit on the maximum investment amount made by an investor. Liquidity: Partial/full repurchase is allowed after the beneficiary child would have attained 12 years of age (which is an average age for joining secondary school education in the country).However partial /full repurchase may be allowed in case of exigencies e.g. where money is needed for medical treatment of the beneficiary child or any other genuine reason. Scheme Duration &Maturity: Though the duration of the scheme is perpetual, however for a unit holder (i.e. beneficiary child) the scheme shall mature, upon he/she attaining 24 years of age.