Skip Ribbon Commands
Skip to main content

Skip Navigation Linksunit-trusts Unit-Trusts

Skip Navigation LinksPersonal

Unit Trusts


Make your money grow with our investment solutions.


Our Unit Trust Scheme offers you the opportunity to start investing for as low as Ugx 100,000/-. Our funds offer capital preservation and a competitive yield.

Contact Us

Feel free to talk to us.

Fund Offering

View our unit trust funds.

How it Works

How unit trusts work.

Forms

What you'll need to provide.

Our Fund Offering

The Sanlam Income Fund is suitable for customers who wish to invest their money in secure assets through regular or once-off savings.

  • Secure: The Sanlam Income fund has a capital guarantee
  • Efficiency: Quick and easy access to funds
  • Interest: Interest is compounded and is calculated on a daily basis
  • Flexibility: The period to invest is not fixed or contractual
  • Top ups: Investors can top up anytime as they wish and as low as Ugx 50,000/-
  • Management: Managed by experienced and professional asset managers. The money is held by a trusted company separate from the managing company
  • Performance: Historically the Sanlam Income Fund has performed better than the bank fixed deposits
  • Rate: The rate is equivalent to the yield of the underlying investments

  • Funds are invested in high-quality interest-bearing assets such as fixed deposits and government securities in the Ugandan market
  • The fund’s yield consists of compounded interest that is calculated daily and distributed monthly into the client’s account
  • It is free to set up the account (no initial fees)
  • It is a low risk fund
  • The fund is ideal as a safe parking for money in the short term to medium term. It is a good option for individual, corporate and joint investors.
  • The minimum investment for an account is Ugx 100,000/-

How Unit Trust Investments Work

Unit trusts pool contributions of many investors into one large fund (pooled fund) which can then be invested in a variety of financial products, including money market, treasury and corporate bonds, shares and property. These funds provide a good investment option due to the nature of “collective investments", which benefit from the expertise of fund management that diversifies your money and lowers the risk of losing your money.

There is no limit to the amount you can invest within the fund. Unit trusts are licensed by the Capital Markets Authority of Uganda under the Collective Investments Schemes Act of 2003, and an independent trustee who is the registered holder of the scheme’s underlying assets. This is typically a commercial bank.

Unit trusts offer you:

  • Quick access to funds (liquidity)
  • Diversification of investments
  • Excellent returns
  • Expert decision making
  • Flexible and affordable investment
  • Cash withdrawal facility
  • Professional investment input in the creation of investment value
  • Lower/minimal investment costs

Frequently Asked Questions

A unit trust is a way to accumulate wealth in which investors’ contributions are pooled together to purchase a portfolio of financial securities, such as equities (shares), bonds, cash, bank deposits etc., managed by professional fund managers.

Sanlam Income Fund

  • This fund is a low-risk unit trust fund providing capital preservation while offering high levels of income. Assets comprise of high-quality interest-bearing securities such as fixed deposits and government securities within the Ugandan market.

You can invest at any time. However, it is very difficult for you to predict market conditions that is to buy units at the lowest price and sell them at the highest price. Our knowledge and insight into the workings of the financial markets enable us to provide you with expertise which takes into account market fluctuations. One of the most common mistakes made by investors is to switch in and out of unit trusts too quickly. Switching between funds too quickly can lead to an increase in the cost of transactions, which can reduce the return on your investment.

It is important to note that portfolio managers do not manage funds on a short-term basis. Most portfolios are managed to generate consistently good returns over a period of time. A good strategy is to buy unit trusts on a regular basis that is topping up regularly.

Yes, your money and the assets purchased are safely secured with a custodian bank in Uganda. This won’t be affected by failure of any service provider.

Unit trusts invest in several asset classes and investment instruments depending on the design of each unit portfolio.

More

You can redeem your funds at least once a month for free, or if the withdrawals are frequent (more than once), you will be charged a frequency withdrawal fee of Ugx 20,000/-. The minimum that can be redeemed from your account is Ugx 50,000 to any maximum.

A single applicant, or a person mandated to sign, is able to issue the withdrawal instruction using the email address he/she gave in the original application form or in which correspondence is received from us. In this case, the email address acts as the client’s signature. If the email isn’t operational, a client will need to issue a signed instruction in which case the client’s signature will be used to verify the instruction. In the case of joint applicants (where both have to sign) or a corporate, all relevant signatories are required to sign the withdrawal instruction as per the signing mandate.

It takes less than three working days from the date of request.

Yes, you can top up your account as many times as you wish.

Currently, the minimum investment amount is Ugx 100,000/-.

The minimum top up amount is Ugx 50,000/-.

Requirements to invest include:

  • A duly filled application form
  • Copy of national ID/passport of investor and beneficiary
  • Tax Identification Number (TIN)
  • Copy of tax exemption certificate (where applicable)
  • Passport size photo of investor and beneficiary (applies to single and joint applicants only)
  • Completed Risk Assessment form (part of the application form)
  • Copy of bank statement or original cancelled cheque, or certified letter confirming bank account details or copy of ATM card (proof of bank details)
  • Copy of utility bill or a residential address form
  • Copy of cheque, bank transfer confirmation, direct deposit slip or any other applicable proof of payment

You will have to pay withholding taxes on the interest you earn on your income and dividends. However, if you are exempt from taxation you will not pay this tax.

There are no hidden charges.

This can be done by completing, in full, the client investment transfer form.

No, you will be notified through email every time there is a transaction in your unit investment account. All money withdrawn is always sent to the bank account of the owner of the unit investment account. This is a safety measure to ensure the security of your funds.

If you are a single applicant, you are able to issue the instruction from the email address given in the original application form and in the correspondence received from us. In this case the email address acts as your signature. You should attach proof of the change of bank details (certified copy of original statement or certified copy of ATM card). If the email is not operational, you’ll need to issue a signed instruction in which case your signature will be used to verify the instruction. In the case of joint applicants or corporates, all signatories are required to sign the instruction to change the bank details.

NOTE: Your unit trust account number must be quoted in ALL communication to us. Instructions can be faxed, emailed or delivered to our customerservice@sanlameastafrica.com staff in Uganda. (A certified copy of original statement or certified copy of ATM card must be provided as proof of change of details.)

If you are a single applicant, you are able to issue the instruction from the email address given in the original application form and in the correspondence received from us. In this case the email acts as your signature. If the email is not operational, you will need to issue a signed instruction in which case your signature will be used to verify the instruction. In the case of joint applicants (where both must sign) or a corporate, ALL signatories are required to sign the instruction to change an email address. NOTE: Your unit trust account number must be quoted in ALL communication to us. Instructions can be faxed, emailed or delivered to our customerservice@sanlameastafrica.com staff in Uganda.

A client will need to issue a signed instruction in which case the client’s signature will be used to verify the instruction. In the case of joint applicants or a corporate, all relevant signatories are required to sign the instruction to add a new signatory. Additional requirements will be a signature specimen for the new signatory(s) and a copy of your ID card. A signed mandate must also be provided by the signatories to the account. A board resolution appointing the new signatory must also be provided. NOTE: Your unit trust account number must be quoted in ALL communication to us. Instructions can be faxed, emailed or delivered to our customerservice@sanlameastafrica.com staff in Uganda.

If switching from a dividend fund and balanced fund to a money market fund, no charges are levied, as money market funds have no initial fees. If switching from a money market fund to a dividend fund and balanced fund, the initial fee applicable in the these funds will be charged on the whole amount. If switching from a balanced fund and dividend fund to a money market fund and then back to balanced fund, the charge will only be on the interest earned while the money was in the money market fund, as the client was already charged while in the fund. Therefore, the charge is ONLY levied on what the client gained while in the money market fund.

If you are a single applicant, you are able to issue the instruction from the email address given in the original application form and in the correspondence received from us. In this case the email acts as your signature. If the email is not operational, you will need to issue a signed instruction in which case your signature will be used to verify the instruction. In the case of joint applicants or a corporate, ALL signatories are required to sign the instruction. NOTE: Your unit trust account number must be quoted in ALL communication to us. Instructions can be faxed, emailed or delivered to our customerservice@sanlameastafrica.com staff in Uganda.

Sanlam in Uganda sends regular communication to clients via email or post. Sometimes clients won’t receive mail if their system sends the mail to junk; if they’ve changed their email addresses/postal addresses and this hasn’t been relayed to Sanlam in Uganda or; if your information (email or post) hasn’t been captured correctly by the Sanlam in Uganda team or; your details have not been linked properly on the system.

There are no lock-in periods. Unit trusts are open-ended investment vehicles.

Forms and Requirements

Investments Application Form - Individual Download    |    Editable
Investments Application Form - Joint Download    |    Editable
Investments Application Form - Corporate Download    |    Editable
Additional Buying Units App Form Download
Change of Bank Details Form Download
Investments Redemption Application Form Download
Change of Details Form Download

View, print and complete the relevant forms and attach the documents listed below:

  • Copy of national ID/passport of investor and beneficiary
  • Tax Identification Number (TIN)
  • Copy of tax exemption certificate (where applicable)
  • Passport size photo of investor and beneficiary (applies to single and joint applicants only)
  • Completed Risk Assessment form (part of the application form)
  • Copy of bank statement or original cancelled cheque, or certified letter confirming bank account details or copy of ATM card (proof of bank details)
  • Copy of utility bill or a residential address form
  • Copy of cheque, bank transfer confirmation, direct deposit slip or any other applicable proof of payment

Contact Us

Our Investment Offerings

Sanlam Income Fund (Unit Trust)

The Sanlam Income Fund aims to provide capital preservation and is a low-risk fund. It offers investors an attractive yield and immediate liquidity. It also pays out interest on a monthly basis.

Segregated Pension Fund & Institutional Fund Management

We offer a suggested cash investment management service which assists corporates to better manage their surplus funds and their working capital, where we invest exclusively in short-term interest-bearing assets.

Corporate Cash Management Solutions

Talk to us about how we can assist your retirement funds to achieve consistent investment returns within a risk-managed framework.

Sanlam Life Insurance is a licensed financial service provider.
Copyright © Sanlam