- The price of the Old Mutual Interest-Bearing Assets Fund is 100 Tambala and remains static
- The yield changes on a daily basis
- Interest is calculated on a daily basis and credited your account semi-annually in June and December of each year.
*Tambala is the unit of the Malawian Kwacha. 100 Tambala =MK1
We have answered a few of your investment questions, if you want to speak to an adviser, please call + 265 (0) 1 820 677.
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, an 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.