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The Old Mutual Balanced Fund aims to deliver income and capital growth in the medium term horizon (2- 3 years). The Fund invests in a diversified portfolio which makes this a medium-risk fund. The Old Mutual Balanced Fund targets to invest the fund’s total assets in equities (40%), interest-bearing assets (35%), cash & deposits (20%) and offshore (5%). This is based on the manager’s assessment of economic and market factors.
What's in it for you?
- Moderate capital growth over the medium term (minimum of 2-3 years)
- Protection against inflation
- Access to a diversified portfolio of listed equities
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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
- 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.
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Why choose Old Mutual Balanced Fund
Added extras
You will be able to make additional purchases into your Old Mutual Balanced Fund.
Get some cash back
The Old Mutual Balanced Fund accrues daily but distributes half-yearly.
Reap the returns
The returns tend to be higher over long periods of time.
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 a Balanced 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 to any of the bank accounts 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 Company (Malawi) Limited - Clearing Account
Account Number: 9100000417553
- Bank: FDH Bank
Branch: UMOYO
Account Name: Old Mutual Unit Trust
Account Number: 1850000643677
- Bank: National Bank
Branch: Henderson Street
Account Name: Old Mutual Unit Trust
Account Number: 1004203018
- Bank: First Capital Bank
Branch: Blantyre
Account Name: Old Mutual Unit Trust
Account Number: 0003707001785
Note:
- Please use your Name and Unit Trust Account Number as a 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 matching to a corresponding application form. Kindly deliver proof of payment to us.
- Cheque deposit values will only be accounted for on the day the cheque is cleared.
To increase your investment, make a direct deposit into any of our bank accounts, payable to Old Mutual Unit Trust Company (Malawi) Limited with your instructions. The minimum top-up amount is MK100 000.
You will have access to our web portal and mobile application to track your investment. The statements will show any transactions during the period and the value of your investments as at the date of the statement.
You can switch between funds at any time. By switching between funds, you are actually 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.
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
Write to us if you want to reduce or stop your monthly investment. You can only reduce monthly investments down to the minimum payment of MK100 000 a month.
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