Enwealth Fixed Income Fund
A medium-risk fund that aims to preserve your capital while paying a regular interest income from government securities and deposits.
- Regular interest income
- Government securities and deposits
- No entry or exit fee
Regular interest income, at medium risk.
Objective
To generate a regular interest income, with long-term stability and growth of capital.
What it invests in
Government securities and call and fixed deposits. Its policy also allows bank acceptances, commercial paper, corporate bonds and a small offshore allocation.
Income
Interest is the fund's return. Withholding tax on that interest is charged to the fund.
Investing
Invest from KES 100 as a lump sum, and add to it as you go. Units are priced every day at their net asset value.
Withdrawals
Paid within 4 working days. One free withdrawal a month; further withdrawals carry a withdrawal frequency charge of KES 500. No exit fee.
Safekeeping
Your money and the assets bought with it are held in custody by an approved bank, licensed by the Capital Markets Authority and regulated by the Central Bank of Kenya.
Regulated
The Enwealth Capital Unit Trust Scheme is offered to the public with the permission of the Capital Markets Authority.
Risk
A medium-risk fund: its value can fall as well as rise, and there are no guarantees on your capital.
Is this fund for you?
It suits you if
- You want a regular interest income from your savings
- You prefer government securities and deposits to shares
- You can leave your money invested for 3 years or more
- You are comfortable with medium risk for a competitive income yield
Look at another fund if
- You may need your money at short noticeMoney Market Fund
- You want growth from shares as well as incomeBalanced Fund
- You want your savings to stay in US dollarsDollar Money Market Fund
How to invest
- 1
Open your account
Create an account on the Enwealth Capital customer portal, or email the application form and your KYC documents to enwealthcapital@enwealth.co.ke.
- 2
Make your deposit
Pay through M-Pesa to Pay Bill 4138265, with your name as the account for the first deposit, or by bank transfer to the fund's SBM Bank account.
- 3
Track your investment
A statement arrives by email every month, by the 10th working day, and the fund's fact sheet reports how it has performed.
The five funds side by side
Every fund of the Enwealth Capital Unit Trust Scheme, from the lowest risk to the highest.
| Money Market Fund | Dollar Money Market Fund | This fundFixed Income Fund | Balanced Fund | Equity Fund | |
|---|---|---|---|---|---|
| Currency | Kenya shillings | US dollars | Kenya shillings | Kenya shillings | Kenya shillings |
| Risk profile | Conservative | Conservative | Medium | Medium | Medium to high |
| Suits money held for | 1 month to 3 years | 3 to 12 months | 3 years or more | 1 year or more | 3 years or more |
| Returns from | Interest, credited monthly | Interest, credited monthly | Regular interest income | Interest, dividends and capital growth | Capital growth and dividends |
| Minimum investment | KES 1,000 | USD 500 | KES 100 | KES 100 | KES 100 |
| Monthly top-up | KES 1,000 | USD 100 | KES 100 | KES 100 | KES 100 |
| Liquidity | High: paid within 2 working days | Paid within 30 days | Paid within 4 working days | Moderate | Lower: for money left invested longer |
| Fees | 2% a year plus VAT; no entry or exit fee | 2% a year plus VAT; no entry or exit fee | 2% a year plus VAT; no entry or exit fee | 2% a year plus VAT; no entry or exit fee | 2% a year plus VAT; no entry or exit fee |
The Investment Policy and Authorised Investments
In order to achieve its investment objective, the assets of the Enwealth Fixed Income Fund will be invested according to the following policies:
- Invest in money market and debt securities which are usually available to the entire spectrum of investors;
- Universe of investments includes: interest-bearing securities such as bank deposits, bank acceptances, treasury bills, commercial paper, whether listed or unlisted treasury bonds, corporate bonds.
- Income yield and capital gains will be primary drivers of investment returns.
- The portfolio may contain low allocation of off-shore exposure as a hedge against the domestic currency and economy occasionally.
- Through such investments, the Fund will seek to benefit from the most competitive yields and valuation upside available.
Investment Risk Profile
This is a medium risk investment fund.
Important information
Past performance should not be used as a guide to future investment performance. The price of units may fall as well as rise, and there are no guarantees on investment capital or return.
This information does not constitute investment advice, nor is it an offer or a solicitation of an offer to buy or sell any security. If you have any queries about investing, consult a financial advisor.
6 things to know before investing
Please read and understand the following before investing.
- No guarantees
There are no guarantees on the client’s capital as the performance of units and interest-bearing investments in the underlying unit trust determines the value of the unit holders in the Fund.
- Value can go up or down
The yield of units can go down as well as up as a result of changes in the value of the underlying investments.
- Past performance
Past performance should not be used as a guide to future investment performance.
- Multiple funds and combinations
The investment may be held in any number of funds, combination, or proportions subject to the fund minimums. These unit trusts can be selected to suit different investment needs and they can be combined to build a diversified portfolio.
- Yields and income may vary
The yield of units or the price of units, and the unit’s income and distributions may vary.
- Suspension of redemptions
In certain specified circumstances investors’ right to redeem their units may be suspended.
Invest responsibly. Consider your objectives and risk profile, and consult a professional adviser if in doubt.