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What is Old Mutual Balanced Fund?

The Old Mutual Balanced Fund invests in a diversified portfolio which makes this a medium-risk fund. The Old Mutual Balanced Fund will always invest at least 30%, 20% and 5% of the fund’s total assets in interest-bearing assets, equities and cash respectively. This is based on the manager’s assessment of economic and market factors so could well show a higher return.
What's in it for you?

This Fund is intended for the moderate risk investor. This is because the unit price is determined by the underlying movement of the shares held. This fund invests within the Malawi Stock Exchange and is thus subject to the volatility of the market and company performance. Clients are advised to invest for three to five years if they are seeking to attain capital growth through investing in this fund. This fund is attractive to investors seeking to achieve moderate growth on their portfolio while earning income.

What’s in it for you?
Old Mutual Balanced Fund standard fees

Classes

Acronym

Initial fee

Ongoing Annual service fee

Above MK40m

OMBFA

4.00%

1.15%

MK25m to MK39m

OMBFB

4.00%

2.44%

MK100k to MK24m

OMBFC

4.00%

3.00%

Classes 

Above MK40m

Classes

MK25m to MK39m

Classes

MK100k to MK24m

Acronym

OMBFA

Initial fee

4.00%

Ongoing Annual service fee

1.15%

Acronym

OMBFB

Initial fee

4.00%

Ongoing Annual service fee

2.44%

Acronym

OMBFC

Initial fee

4.00%

Ongoing Annual service fee

3.00%

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
What about Fund prices?
    Why choose Old Mutual Balanced Fund
    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 call + 265 (0) 1 820 677.
    • For lump sum investments, you can buy units by calling our dealing desk on (+265) 01 820 677 between 7:30am and 4:30pm on any weekday (except holidays). We will send you an application form showing how much you need to pay. You can also download specific forms on our website. You must make your payment within four working days of the date on the application form or you should enclose a cheque with your application form, payable to:

      Old Mutual Unit Trust Company (Malawi) Limited

      Direct deposits and electronic transfers can be made to the following bank account::

      • Bank: Standard Bank
      • Branch: Corporate Banking Centre Branch
      • Branch code: 010125
      • Swift Code: CBICMWMX
      • Account Name: Old Mutual Unit Trust Company (Malawi) Limited
      • Account Number: 0140071005401

      Note:

      • Please use your surname and initials 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 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.

      The fund is valued using the latest market closing prices on any particular day (this is known as the valuation point). The price you pay for units is set at the next valuation point after we receive your application form.

      We use the valuation point to calculate the price for units.

    • You will have the right to cancel your investment. We will give you a cancellation notice, which you need to fill in and return to us within the same day of your application submission.

    • To increase your investment, make a direct deposit into our account or send a cheque, payable to Old Mutual Unit Trust Company (Malawi) Limited with your instructions, and include your account number. The minimum top-up amount is MK30 000.

    • We will send you two statements each year, dated 30 June, and 30 December within one month of these dates. The statements will show any transactions during the period and the value of your investments as at the date of the statement.

      Our Fund Administration Team can also give you a valuation of your investments. You can call them from Monday to Friday between 7:30am and 4:30pm on (+265) 01 820 677. Fund prices are updated each day and are published in the newspaper and on this website.

      These statements provide details of each fund’s performance, and investment review for the reporting period, and details of the largest investments in the fund portfolio. We prepare all reports to investors in this format, but you can see the full report and accounts by contacting us and asking for a copy.

    • You can switch between funds at any time, as long as your investment in any fund does not fall below MK360 000. 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.

    • Write to us if you want to reduce or stop your monthly investment. You can only reduce monthly investments by multiples of MK5 000, down to the minimum payment of MK30 000 a month.

      If your account is worth more than the MK360 000 minimum, you can stop your contributions either temporarily or permanently.