UTT-AMIS Stands for Unit Trust of Tanzania – Asset Management and Investment Services, This is a Governement Organisation specializing in managing Collective Investment Schemes. UTT officially started on 2003 and the first investment scheme started operating on 2005.
Currently there are 6 Investment Schemes available at UTT-AMIS but before we dive in to those lets know more about how the Organization Operates.
As an Investor you must be wondering why should I invest in UTT-AMIS and how exactly is it profitable? Well the answer is quite simple. UTT-AMIS uses the collective invested funds to purchase Government Bonds and also paticipate in buying and selling of company stocks/shares daily. Through this UTT-AMIS has so far had a successful return rate of up to 12% Annualy for all Investment Schemes.
Now, below is the list of all the Investment Schemes Offered, their requirements and why you should invest in them;
Wekeza Maisha Fund
This is an Investment Scheme suitable for people with Long Term Investment Plans, This plan is backed by Trading Stocks daily so the Investment Amount may rise or fall daily. The Annual Investment growth can reach up to 15.8%.
The following are the requirements;
- Minimum Initial Deposit 1,000,000/= Tsh
- Age 18 -55
- 10 years Investment Plan
Umoja Fund
This is an Investment Scheme suitable for people with Long Term Investment Plans, This plan is backed by Trading Stocks daily so the Investment Amount may rise or fall daily. The Annual Investment growth can reach up to 12%.
The following are the requirements;
- Minimum Initial Deposit 10,000/= Tsh
Watoto Fund
This is an Investment Scheme suitable for people with Long Term Investment Plans, This plan is backed by Trading Stocks daily so the Investment Amount may rise or fall daily. The Annual Investment growth can reach up to 12%.
The following are the requirements;
- Minimum Initial Deposit 10,000/= Tsh
- You can not withdraw funds until the child is 12 years old
- Re-investment amount 5,000/=
Jikimu Fund
This is an Investment Scheme suitable for people with Long Term Investment Plans, This plan is backed by Trading Stocks daily so the Investment Amount may rise or fall daily. The Annual Investment growth can reach up to 12%.
The following are the requirements;
- Minimum Initial Deposit 15,000/= Tsh
- For 2,000,000/= Tsh Deposit, You become eligible for Quarterly Returns
- For 1,000,000/= Tsh Deposit, You become eligibe for Annual Returns
- You can withdraw funds after 6 months
Liquid Fund
This is the most famous and most prefered UTT-AMIS Investment Plan. It is backed by trading Government Bonds so it is a very stable plan. The Annual Return rate is 12%.
The following are the requirements;
- Minimum Initial Deposit 100,000/= Tsh
- Re-Investment Amount 10,000/= Tsh
- No Withdrawing Charges
- You can withdraw funds anytime but it will take 3 – 5 business days to receive the funds
Bond Fund
This is also a Long Term Investment plan. It is backed by trading Government Bonds so it is a very stable plan. The Annual Return rate is 12%.
The following are the requirements;
- Minimum Initial Deposit 50,000/= Tsh
- Re-Investment Amount 5,000/= Tsh
- No Withdrawing Charges
- You can withdraw funds after 3 months and it will take 3 – 5 business days to receive the funds
How to Create a UTT-AMIS Account
- Dial *150*82# on your phone
- Select No. 3 (Open an Account)
- Select No. 1 For Single or No. 2 for Joint
- Enter Investor’s Name in Capital Letters
- Enter Birthday in this format (ddmmyyyy) 01012001
- Finish up
- After that Dial again *150*82# and create a PIN
- The Download UTT-AMIS App on PlayStore or AppStore
- Lastly Visit UTT-AMIS Offices near you or any CRDB Bank Branch with your passport size picture and NIDA Number to complete your registration.
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