What is Mpamba Fesa?Mpamba Fesa is a TNM Mpamba and Old Mutual Unit Trust product that allows customers to invest from as low as MK1000 in Old Mutual’ s Unit Trust Money Market Fund through TNM Mpamba. This is a convenient way of investing that guarantees competitive returns on investment. The money is invested from Mpamba wallet and will generate interest for the time it is in the Fesa account. The accrued interest is paid to customers every month. Disinvestments also go through a person’s Mpamba wallet.
- Dial *444#
- Select 5 (Financial Services)
- Select 2 (Mpamba Fesa)
- Register a five-digit PIN. This doesn't need to be your Mpamba PIN. You can choose to register the existing Mpamba pin or a different one for FESA)
- After registering, you will be sent an sms confirming your registration and investment number. You can start transacting after this.
- Follow the menu depending on what you want to do (I.e. 1. Invest, 2. Disinvest or 3. check Mini statement)
- Competitive interest returns compared to other investment products on the money market
- Convenience when investing and disinvesting - no need for extra formalities like completing forms
- Affordable and inclusive - minimum investment amount allows anyone to invest
These are collective investment schemes. They involve pulling funds together and investing in various assets and securities through a professional portfolio/investment manager. For Old Mutual, the investments are held by a Custodian (Standard Bank of Malawi) and managed by professional asset managers (Old Mutual Investment Group). Collective investment schemes are regulated by the Reserve Bank of Malawi.
Make sure you are registered on Mpamba and then register for Fesa.
In several financial instruments like treasury bills, fixed deposits and other money market securities.
Unit Trusts offer some of the most competitive returns on the money market in Malawi. The Money Market Fund’s benchmark return is the 91 Day average Treasury bill rate.
You can invest (push funds through), disinvest (withdraw) and check account statement or accrued interest to date.
You can invest as often as you as wish. However, your investment instruction will be processed within approximately 24 hours from the time of your instruction. The investments will reflect in your account as soon as the processing is complete and you will receive an SMS notifying you of this. If investment/disinvestment is made before 9am you get same day value i.e. your investment starts on that day or if it’s a disinvestment, funds will be moved into your Mpamba wallet on the same day. Transactions after 9am will be effected the following day. Weekend transactions are effected on the following Monday. For transactions done on a public holiday, they will be processed on the next working day.
The minimum investment amount is K1,000. There is no limit to how much you can invest in Fesa and there are no transaction charges for investing in or disinvesting from Fesa.
There are no limits to the amounts you can have in your Fesa account.
On the Mpamba Fesa menu, you select disinvest which is item 2. Thereafter you enter the amount you wish to disinvest. It will request for confirmation of this transaction. Once you do that it will send you an SMS informing that your disinvestment in is being processed and that you will receive funds within 24 hours.
Call 411 if you want to change PIN.
- Dial: +265 886 463 399
- +265 1 820 677
- Toll Free Line: 329
Fesa will be governed by Mpamba terms and conditions.