This fund is suited to investors with a long-term investment horizon seeking to maximise growth in a Shari’ah compliant fund. They are able to accept the risks associated with equity funds and also the mandate risk of a more limited investment universe.
Unit trust investments are liquid funds and they permit unlimited withdrawals to be made, regardless of the investment horizon initially anticipated.
The fund aims to achieve long-term inflation-beating growth, and therefore may hold a higher allocation to equities than what is allowed in terms of Regulation 28 of the Pension Funds Act
The minimum investment amounts are R10 000 lump sum or R500/month.
The fund invests in a broad spectrum of local and international listed investments with moderate to high risk profile
Unit trust investments are cost effective tool to save for a home, car or education. They are open ended, no fixed period
Entities can use this as a medium to long term investment
Upfront fee - maximum 3.45% incl VAT (Once off fee)
Annual Advisor Fee – maximum 1.15% incl VAT
Beneficiaries cannot be added
A maximum of R36 000 contribution per tax year and a R500 000 lifetime contribution limit applies. Limits are subjected to amendments by Legislation from time to time