Enwealth Balanced Fund
A medium-risk fund for saving and growing your money over a year or more, with interest and dividends along the way.
- Medium risk, for a year or more
- Interest, dividends and capital growth
- No entry or exit fee
Growth and income, at medium risk.
Objective
Long-term stability and growth of capital at moderate risk, a reasonable level of interest income, steady growth through dividends, and partial liquidity.
What it invests in
Money market securities, fixed income instruments and shares, listed or unlisted, with no more than 60% of the fund in any one of them.
Returns
Income yield and capital gains drive the fund's returns. A small offshore allocation may be held from time to time as a hedge against the shilling.
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
One free withdrawal a month. Further withdrawals carry a withdrawal frequency charge of KES 500. No exit fee is charged when you redeem units.
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 to save and grow your money while earning a competitive income
- You can leave your money invested for at least a year
- You are comfortable with medium risk: the value can go down as well as up
- You want to build up a lump sum through regular saving
Look at another fund if
- You may need your money at short noticeMoney Market Fund
- You want a regular interest income from government securities and depositsFixed Income Fund
- You are investing for 3 years or more and want the growth of sharesEquity 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 6188945, 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 | Fixed Income Fund | This fundBalanced 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 |
Investment Objective
The object of the Enwealth Balanced Fund is to seek long-term stability and growth of capital consistent with moderate investment risk and a reasonable level of current income.
In order to achieve this object, the Fund Manager shall invest in all eligible asset classes at all times provided that investments in money market, equities and fixed income instruments shall each have a maximum exposure of 60% of the market value of assets under management.
The Investment Policy and Authorised Investments
In order to achieve its investment objective, the assets of the Enwealth Balanced Fund will be invested according to the following policies:
- Invest in money market, debt and equity 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 and equity whether listed or unlisted.
- 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.
The Fund Manager shall keep under review and may from time to time amend the allocation of the Fund’s assets in the manner deemed appropriate for the purpose of achieving the Fund’s Investment Objective.
Investment Risk Profile
This is a medium risk investment fund. The Fund is managed with considerable risk assumption with active management of duration, yield, credit, liquidity and equity market risks.
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.