Over View Questions

Why Invest in Timiza Fund

The fund is managed by Zan Securities, a fund manager licensed by the Capital Markets and Securities Authority (CMSA). The manager will leverage more than 14 years of experience to efficiently manage the fund offering competitive returns to investors. With relaxed entry and exit requirements, the fund is an attractive choice for both individual and institutional investors. The Fund will invest in high quality listed equities, debt securities and liquid assets to strike a balance between returns and liquidity needs of investors in the Fund.

Eligible investors

All investors domestic and foreign including individuals and institutions as per the provisions of the Act

Minimum investment amount

TZS 10,000 for reinvestment option (b) TZS 1 million for annual income distribution

Maximum investment amount

There is no limit on the maximum amount to be invested by an investors

Uses of proceeds

Proceeds will be used to invest in Treasury Bonds, listed corporate bonds, money market investments and listed equities. The Fund aims at providing capital appreciation for long term investors and distributing income, subject to distributable surplus, periodically.

Free entry/Exit

The Scheme shall charge neither entry nor exit load. Investors shall therefore, buy and sell Units of the Scheme at NAV per Unit.

Liquidity

Subsequent to the initial offer and Cool off Period,the Fund will be open for repurchase of Units on Business days.Repurchase price will be based on NAV of the Scheme without Exit load.

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Tax benefit

As per the current laws, Income distributed by the respective plans is exempt from Income Tax in the hands of investors. There is no tax deduction at source on Repurchase, irrespective of the Repurchase amount..

Sales and Repurchase Price

Subsequent Sale and Repurchase transactions shall be based on the applicable business day’s NAV of the Scheme without any charges.