{"id":4557,"date":"2022-06-28T13:11:36","date_gmt":"2022-06-28T13:11:36","guid":{"rendered":"https:\/\/www.uptymes.com\/edu\/utt-watoto-fund-unit-trust-of-tanzania-utt\/"},"modified":"2022-06-28T13:11:36","modified_gmt":"2022-06-28T13:11:36","slug":"utt-watoto-fund-unit-trust-of-tanzania-utt","status":"publish","type":"post","link":"https:\/\/www.uptymes.com\/edu\/utt-watoto-fund-unit-trust-of-tanzania-utt\/","title":{"rendered":"UTT Watoto Fund &#8211; Unit Trust of Tanzania (UTT)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Get all information about UTT Watoto Fund.<\/p>\n<p>This guide provides\u00a0 relevant information about UTT Watoto Fund to let you find the information you need.<\/p>\n<div class=\"art-postcontent clearfix\">\n<div class=\"art-article\">\n<ul>\n<li><strong>Objectives:\u00a0<\/strong>A child benefit open end balanced fund, which seeks to generate long term capital appreciation through a judicious mix of investment in debt and listed equity instruments.<\/li>\n<li><strong>Beneficiary child &amp;Entry Age:\u00a0<\/strong>Investment in the name of a child up to the age of 18 years.<\/li>\n<li><strong>Eligible Investor(s):<\/strong>\u00a0Open for Investment to Resident as well as Non Resident i.e. Individuals, Corporate Bodies, Banks, Eligible Trust (NGO) etc. Investments are made for the benefit of a beneficiary child. As a special case, Foreign Nationals (Individual as well as non-individual) shall also be allowed to make investment in favor of a Tanzanian beneficiary child, on non repatriable basis.<\/li>\n<li><strong>Asset Ratio:<\/strong>\u00a0(a) Debt: 0 to 100% and (b) Listed Equity: 0 to 50%<\/li>\n<li><strong>Investment Options:\u00a0<\/strong>The scheme offers investment on two options-<strong>(a)<em>Scholarship Option<\/em><\/strong>-Payments are made to the beneficiary children after they attain the age of 12 years. The scholarships shall be payable at two intervals-Half- yearly or Yearly (depending upon the investor`s preference):<\/li>\n<li><strong>(b)<em>Growth option<\/em><\/strong>-No regular payments as such be made to the unit holders and instead they shall enjoy the benefit of capital appreciation in form of NAV appreciation.<\/li>\n<li><strong>Minimum Investment: (a)<\/strong>\u00a0Initial Investment Amount =TZS 10,000 and (b) Additional Investment Amount =TZS 5,000\/- However there is no limit on the maximum investment amount made by an investor.<\/li>\n<li><strong>Liquidity:\u00a0<\/strong>Partial\/full repurchase is allowed after the beneficiary child would have attained 12 years of age (<em>which is an average age for joining secondary school education in the country<\/em>).However partial \/full repurchase may be allowed in case of exigencies e.g. where money is needed for medical treatment of the beneficiary child or any\u00a0 other genuine reason.<\/li>\n<li><strong>Scheme Duration &amp;Maturity:\u00a0<\/strong>Though the duration of the scheme is perpetual, however for a unit holder (i.e. beneficiary child) the scheme shall mature, upon he\/she attaining 24 years of age.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><a href=\"index.php\/watoto-fund\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><strong>CLICK HERE FOR: UTT Watoto Fund<\/strong><\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong>READ ALSO:\u00a0\u00a0JOBS IN TANZANIA<\/strong><\/p>\n<p class=\"lead mlm\"><strong>For more information Visit <\/strong><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Get all information about UTT Watoto Fund. This guide provides\u00a0 relevant information about UTT Watoto Fund to let you find the information you need. Objectives:\u00a0A child benefit open end balanced fund, which&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4557","post","type-post","status-publish","format-standard","hentry","category-all-posts"],"_links":{"self":[{"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/posts\/4557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/comments?post=4557"}],"version-history":[{"count":0,"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/posts\/4557\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/media?parent=4557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/categories?post=4557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uptymes.com\/edu\/wp-json\/wp\/v2\/tags?post=4557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}