Enwealth Equity Fund
A medium-to-high-risk fund for long-term growth from shares, for money you can leave invested for 3 years or more.
- Long-term growth from shares
- For 3 years or more
- Dividends credited twice a year
How the fund works
Growth from shares, over the long term.
Objective
Long-term capital growth, the most return for investors over the long term, and steady growth through the dividends earned.
What it invests in
At least 60% of the fund in shares listed in Kenya, on other regulated exchanges or unlisted, chosen by research; the rest only in cash and cash equivalents.
Dividends
Dividend income earned is distributed twice a year and credited to your portfolio.
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-to-high-risk fund: share prices rise and fall, so 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 are investing for the long term: 3 years or more
- You want long-term growth from shares, with dividends along the way
- You have a high appetite for risk and can ride out falls in value
- You will not need this money at short notice
Look at another fund if
- You want growth with fewer ups and downs, over a year or moreBalanced Fund
- You want a regular interest income insteadFixed Income Fund
- You may need your money at short noticeMoney 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 6188943, 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 | Balanced Fund | This fundEquity 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 fundamental investment objective of the Enwealth Equity Fund is to provide an efficient investment medium whereby investors can participate in a portfolio that will seek to provide total return, in the form of both income and capital growth.
This will be consistent with the fund investing a minimum of 60% of the market value of its assets under management in equities listed locally, listed in other regulated exchanges or unlisted equities at all times. Any funds not invested in equities shall only be invested in cash and cash equivalents.
Guiding investment principles
The guiding investment principles for the Enwealth Equity Fund are:
- Solid mix of high-performance shares is selected.
- Realize capital gains when appropriate.
- By thorough research, to select stocks in companies with proven performance and good prospects for growth.
- Spread shareholdings over those economic sectors that meet the criteria of performance and growth.
- Manage the portfolio according to best practice of prudent investment.
- Invest in money market instruments spread amongst institutions of repute.
- Minimize losses, while maximizing on investment returns, by investing in high quality shares and money market investments.
- Ensure the Fund retains an acceptable level of liquidity to meet any liquidation obligations within the promised timelines.
Permissible assets
The Enwealth Equity Fund will predominantly invest its assets in the Kenyan investment markets at all times and will be permitted to make investments in a mix of equity securities, to the maximum permitted by the Act, and any other securities, which may be included in a portfolio in terms of the Act and relevant legislation, which are consistent with the portfolio’s investment policy.
The Fund Manager may from time to time invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes, as the Act may allow from time to time.
Where the aforementioned schemes are operated in territories other than Kenya, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the Fund Manager and the Trustee and of sufficient standards.
The following asset classes are considered to be appropriate investments for the schemes:
Short term money market instruments
Including cash, call and fixed deposits.
East African government securities
Including treasury bills, treasury bonds, infrastructure bonds.
Diversified equity investments
Corporate bonds and commercial papers
Of suitable credit rating as determined by the Fund Manager.
Offshore securities
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.