Ownership of Units

What exactly have I bought as a unit holder? You own units (shares) of a fund, not the individual assets. Your money is pooled with other investors and invested in a diversified portfolio.

Investment Valuation

How is my investment value determined? Your investment value is based on the Net Asset Value (NAV):

• NAV changes daily depending on market performance.
• If asset prices go up → your unit value increases.
• If they fall → your value decreases.

Returns on Investment

How do I earn returns?

• Interest (Compounding).
• Capital gains (increase in unit price).

Redemption / Withdrawal of Funds

Can I withdraw (redeem) my money anytime? Most open-ended funds allow withdrawal anytime:

• Imara Fund within 2-working days (No locking period).
• Kesho Tulivu Fund within 5-working days (With a locking period of 3 months).

Investment Risks

What risks do I face as a unit holder?

• Market risk (prices fluctuate).
• Interest rate risk.
• Inflation risk.

Safety of Investor Funds

Who keeps my money safe? Your money is kept safe by the custodian/trustee.

Regulation of CIS

Who regulates CIS funds in Tanzania? All CIS are regulated by the CMSA, ensuring investor protection, transparency, and proper management of funds.

Minimum Investment Amount

What is the minimum amount to invest?

• Imara Fund is TZS 50,000.
• Kesho Tulivu Fund is TZS 1,000,000.

Additional Investments

Can I add more money after investing? Yes. Unit holders can top up anytime. Minimum additional amount:

• Imara Fund TZS 10,000.
• Kesho Tulivu Fund TZS 100,000.

Fund Switching

Can I switch between funds? Yes, you may switch between funds based on your investment objectives, subject to the applicable Terms & Conditions.

Applicable Fees

What fees will I pay? Fees include management fee and custodian/trustee fee. These are deducted from the fund’s value and not entry/exit penalties.

Investment Monitoring

How do I track my investment?

• Account statements.
• TSL App – INVESTMKONONI.

CIS vs Bank Savings

Are CIS better than saving in a bank?

• CIS have higher potential returns but come with market risk.
• Bank savings have no/lower returns.

Fund Manager Failure

What happens if the fund manager fails? Your money is still protected because assets are held separately by a custodian/trustee and funds are regulated by CMSA.

Benefits of CIS Investment

Why should I invest in CIS instead of individually?

• Professional management.
• Compounding effect.
• Diversification (spreading risk).

Umiliki wa Vipande

Nimenunua nini hasa kama mmiliki wa vipande (Unit Holder)? Umenunua vipande vya mfuko wa uwekezaji wa pamoja, si mali binafsi. Fedha zako zinaunganishwa na za wawekezaji wengine na kuwekeza katika mfuko uliotawanywa.

Thamani ya Uwekezaji

Thamani ya uwekezaji wangu inapimwaje? Thamani hutegemea Net Asset Value (NAV) inayobadilika kila siku kulingana na mwenendo wa soko.

Faida ya Uwekezaji

Ninanufaikaje?

• Riba (Compounding Interest).
• Faida ya ongezeko la bei ya vipande (Capital gains).

Utoaji wa Fedha

Naweza kutoa fedha zangu wakati wowote?

• Mifuko mingi ya wazi huruhusu kutoa wakati wowote.
• Imara Fund: ndani ya siku 2 za kazi (hakuna kufungiwa).
• Kesho Tulivu Fund: ndani ya siku 5 za kazi (kuna kipindi cha kufungiwa cha miezi 3).

Hatari za Uwekezaji

Ni hatari gani ninazoweza kukutana nazo?

• Hatari ya soko (Market risk).
• Hatari ya viwango vya riba.
• Hatari ya mfumuko wa bei.

Ulinzi wa Fedha

Nani anahakikisha fedha zangu ziko salama? Fedha zako hulindwa na msimamizi/custodian.

Usimamizi wa Mifuko Tanzania

Nani anasimamia mifuko ya uwekezaji wa pamoja Tanzania? CMSA inasimamia kuhakikisha ulinzi wa wawekezaji, uwazi na usimamizi sahihi.

Kiwango cha Chini cha Uwekezaji

Kiwango cha chini cha kuwekeza ni kiasi gani?

• Imara Fund: TZS 50,000.
• Kesho Tulivu Fund: TZS 1,000,000.

Kuongeza Fedha Kwenye Uwekezaji

Naweza kuongeza fedha baada ya kuanza kuwekeza? Ndiyo, kiwango cha chini kuongeza ni:

• Imara Fund: TZS 10,000.
• Kesho Tulivu Fund: TZS 100,000.

Kubadilisha Mfuko

Naweza kubadilisha mfuko? Ndiyo, kulingana na malengo yako ya uwekezaji na kufuata masharti.

Ada za Mfuko

Nitatozwa ada gani?

• Ada ya usimamizi (Management fee).
• Ada ya custodian/trustee.

Ada hizi hukatwa kutoka katika thamani ya mfuko.

Ufuatiliaji wa Uwekezaji

Nitawezaje kufuatilia uwekezaji wangu?

• Taarifa za akaunti.
• TSL App – INVESTMKONONI.

Mifuko vs Akiba ya Benki

Je, mifuko ni bora kuliko akiba ya benki?

• Mifuko ina uwezekano wa kupata faida kubwa zaidi lakini ina hatari ya soko.
• Akiba benki mara nyingi ina faida ndogo au hakuna.

Iwapokuwa Msimamizi wa Mfuko Atashindwa

Itakuwaje kama msimamizi wa mfuko atashindwa? Fedha zako bado zinalindwa kwa sababu vipande vinahifadhiwa tofauti na kampuni na zinasimamiwa na custodian/trustee chini ya CMSA.

Faida za Kuwekeza kwenye CIS

Kwa nini niwekeze katika CIS badala ya kuwekeza peke yangu?

• Usimamizi wa kitaalamu.
• Unapata riba kwenye riba (compounding).
• Kutawanya uwekezaji kupunguza hatari.