Requirements For Joining Unit Trust In Uganda
A unit trust is a way to accumulate wealth in which investors’ contributions are pooled together to purchase a portfolio of financial securities, such as equities (shares), bonds, cash, bank deposits etc., managed by professional fund managers. The trust makes returns by investing in well-performing assets, usually company shares, bonds, property funds, and other assets. The fund will pay out any quarterly or bi-annual returns as either income or growth, and you can usually decide how you want to receive the money.
A Unit Trust pools money and invests in shares, bonds, money market instruments and other investments. The pool is then divided into equal portions called units. Each unit has a price or Net Asset Value (NAV) based on the value of all the assets held in the fund. Unit Investment Trusts (UITs) offer the convenience and diversification of owning a portfolio of securities in a packaged investment with a stated investment objective. UITs are professionally selected fixed portfolios that allow investors to know what securities are held within the portfolio.
A legal structure that holds assets for the benefit of unit holders. A trustee administers the trust, makes decisions about trust assets and is responsible for distributing income and capital according to the number of units each investor holds. You have a small amount of money, but there are so many potential things that can be profited from your investment. Well, unit trust can help you diversify your investment portfolio. Diversification will help you to reduce your investment risk.
Minimum Amount To Invest In Unit Trust In Uganda
Affordability Your initial investment can be as little as around UGX 380160.20. Typically, minimum investments range from around UGX 380160.20 to UGX 19008010.00. For further investments, some unit trusts allow you to purchase any number of units, small or large.
Cost Of Joining Unit Trust In Uganda
Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000. Risk Profile: Medium Risk (Suitable for investors with long term investment horizon [Recommended is 3-5 years] and seek interest income and can tolerate significant levels of risk). Annual Management fee is 2%
Office Location For Unit Trust In Uganda
Unit Trust In Uganda
7th Floor
1 Pilkington Road
Kampala
Postal Address
P.O. Box 9831
Kampala
Uganda