The fund is run by the WHI as a Fund Manager with professionals approved by CMSA. The scheme preserve the capital and offer high return through its investments policy.

Investment exclusively in safer short-term instruments such as treasury bills, certificates of deposit commercial paper and inter-bank call account money e.tc

Residents and non-resident Tanzanians, which includes individual (including minors) as well as non-individual investors like Pension Funds, Banks, Government Organizations, Regulatory Authority, Armed Forces, NGOs and other Corporate Bodies e.t.c.

Minimum amount to be invested during initial sale is TZS 10,000/= and subsequent additional investment TZS 5,000/=

No Maximum Investment Amount

The proceeds will be invested in money markets and debt securities with very low risk.

The scheme shall charge neither the entry load nor the exist load, thus investor shall be allowed to purchase as well as redeem units at the prevailing applicable NA.

Scheme units to remain open for repurchase on all business days;

Note: Repurchase to commence after a lock in period not exceeding 3 months from the initial sale closure date.

The repurchase will processed within 1-3 days of the receipt of the investors request by the Manager. Repurchase amount shall be directly credited into a unit holder’s back account or registered mobile telephone number.

As per current law, income distribution is exempted from income tax in the hands of investors. There is no tax deduction at source on the repurchase, irrespective of repurchase amount.

Units are sold or repurchase at the prevailing applicable Net Asset Value (NAV). Investors are advised to consider the NAV per unit of the fund at the time they contemplate buying the units.

Every eligible investor desirous of participating in the Scheme can be registered through the following:

1. By completing the application online via three options:

    (a) WHI website by clicking here

    (b) Mobile application through USSD using any Mobile Network:

           Dial *152*00#
           Select 1. Malipo
           Select 6. WHI
           Select 1. Tengeneza Akaunti ya Binafsi
           Then follow the procedures for registration.

    (c) Mobile application through the WHI Wekeza Mobile App.

2. by filling the manual application forms:

    (a) available at the WHI Main Offices or office branches

    (b)  by downloading from the website by clicking here

The timetable for the Initial Sale of ‘FAIDA FUND’ Units to the public is as follows: –

1. Approval of unit Holder’s Register by CMSA:           05^th January, 2023
2. Notification of Results:                                                10^th January, 2023
3. Official launch:                                                               14^th January, 2023
4. Opening of repurchase operations on:                       01^st April, 2023