Tax-Free Old Mutual Al Baraka Equity Fund

  • 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

Click here to download Shar'iah Certificate

Click here to download latest Fund Fact Sheet

The following documentation is required to apply:

Adults

  • South African bar-coded Identity Document/Smart ID
  • Proof of address not older than 3 months, for the verification of your residential address

Minor

  • Birth Certificate of minor or Smart ID for young adults age 16 and over
  • South African bar-coded Identity Document/Smart ID and proof of address not older than 3 months of parent or guardian, for the verification of their residential address

To view your statement or invest with Old Mutual 24/7, clicking here 

Click here to view all acceptable forms of proof of address required to open an account

With these on hand, you can then contact your nearest branch to apply, or complete the Contact Form on this page for our Sales Consultant to call you

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