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The Old Mutual Equity Fund (the Fund) is a general equity fund that aims to provide capital growth potential and protection against inflation. The Fund targets to invest in a diversified portfolio of listed equities (80%) on the Malawi Stock Exchange (MSE), money market (10%), offshore listed equities (5%), and onshore unlisted equities (5%). This is a high-risk Fund which is suitable for long-term investors. This Fund is suitable for individual and institutional investors who can withstand potential capital volatility in the shorter term, with the expectation of higher returns in the medium to long term (minimum of 3 years).
What’s in it for you?
- Capital growth over the medium to long term (recommended minimum of 3 years)
- Protection against inflation
- Access to a diversified portfolio of listed equities
- No initial investment fees
What about fund prices?
- The price of a single unit changes on a daily basis
- Buying and selling prices are published in the daily papers and on our website
- The selling price is the price at which the clients will purchase units from Old Mutual, while the buying price is the price at which investors sell their units back to Old Mutual
Old Mutual Equity Fund standard fees
Initial fee: Nil
There is no upfront fee to get started, which means your full investment begins working for you from day one.
Annual service fee: 2.0%
An annual service fee of 2.0% is charged as a percentage of the Fund value.
How do I increase my investment?
To increase your investment, make a direct deposit or electronic funds transfer into our bank account, using your Name and Unit Trust account number as the transaction reference. Email us your additional investment instructions together with the proof of payment.
Can I switch between funds?
You can switch between funds at any time. By switching between funds, you are selling and then buying units; you may have to pay fees if you switch from a fund with a lower entry fee than the fund you are buying into.
Want to know more about Old Mutual Malawi Unit Trusts?
We have answered a few of your investment questions, if you want to speak to an adviser, please use the Call Me Back button at the top of the page or call +265 891 002 010 or visit your nearest Old Mutual Branch.
If you are an existing client, you can create an Equity Fund account on the web portal under My Accounts and select Create New Account.
If you are a new client, you can open an account by accessing the web portal and clicking Create Account, to begin your investment journey.
Direct deposits and electronic transfers can be made into the bank account below. Email us your proof of deposit using any of the following email addresses: utcustomercare@oldmutual.co.mw or info@oldmutual.co.mw
- Bank: Standard Bank
Branch: Corporate Banking Centre Branch
Account Name: Old Mutual Unit Trust Equity Fund Clearing Account
Account Number: 9100008940425
- Bank: National Bank
Branch: Henderson Street
Account Name: Old Mutual Unit Trust Equity Fund
Account Number: 1014628122
Note:
- Please use your Name and Unit Trust Account Number as reference for the deposit or electronic transfer.
- Direct deposits and electronic funds transfers made into our account will only be processed on receipt of the cash and match
You will have access to our web portal and mobile application to track your investment. We will also send you monthly statements, within one week of the end of each month. The statements will show any transactions during the period and the value of your investments as at the date of the statement.
Simplify your investment journey by setting up a direct debit order. Fill in a form with the applicable details and send it to us via either of the email addresses utcustomercare@oldmutual.co.mw or info@oldmutual.co.mw
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