{"id":98,"date":"2026-06-16T13:02:27","date_gmt":"2026-06-16T13:02:27","guid":{"rendered":"https:\/\/www.whi.go.tz\/?page_id=98"},"modified":"2026-06-16T13:02:44","modified_gmt":"2026-06-16T13:02:44","slug":"faida-fund","status":"publish","type":"page","link":"https:\/\/www.whi.go.tz\/faida-fund\/","title":{"rendered":"FAIDA FUND"},"content":{"rendered":"\t\t
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FAIDA FUND<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Faida Fund is an open-ended scheme, which seeks to create wealth to Tanzanians particularly to middle and low-income groups through investments in units to obtain competitive return through capital growth; and enhance the culture of savings in the financial assets. Faida Fund has attracted all categories of investors ranging from small investors like bodaboda, students, workers, retirees, peasants etc. to big investors. The Fund has been registered with Capital Markets and Security Authority (CMSA).<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\tWhy Invest In Faida Fund<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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.<\/p>

Investment exclusively in safer short-term instruments such as treasury bills, certificates of deposit commercial paper and inter-bank call account money e.tc<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tEligible Investors<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tMinimum Investment Amount<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Minimum amount to be invested during initial sale is TZS 10,000\/= and subsequent additional investment TZS 5,000\/=<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tMaximum Investment Amount<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

No Maximum Investment Amount<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tUses Of Proceeds<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The proceeds will be invested in money markets and debt securities with very low risk.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tFree Entry \/ Exist<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tLiquidity<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Scheme units to remain open for repurchase on all business days;<\/span><\/p>

Note: Repurchase to commence after a lock in period not exceeding 3 months from the initial sale closure date.<\/span><\/p>

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\u2019s back account or registered mobile telephone number.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tTax Benefit<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tSales and Repurchase Price<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tHow to Apply<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

1. By completing the application online via three options:<\/p>

\u00a0 \u00a0 (a) WHI website by clicking\u00a0here<\/a><\/p>

\u00a0 \u00a0 (b) Mobile application through USSD using any Mobile Network:<\/p>

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Dial *152*00#
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Select 1. Malipo
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Select 6. WHI
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Select 1. Tengeneza Akaunti ya Binafsi
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Then follow the procedures for registration.<\/p>

\u00a0 \u00a0 (c) Mobile application through the WHI Wekeza Mobile App.<\/p>

2. by filling the manual application forms:<\/p>

\u00a0 \u00a0 (a) available at the WHI Main Offices or office branches<\/p>

\u00a0 \u00a0 (b)\u00a0 by downloading from the website by clicking\u00a0here<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\tTime Table for Initial Sale of Units<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The timetable for the Initial Sale of \u2018FAIDA FUND\u2019 Units to the public is as follows: \u2013<\/p>
a)\u00a0\u00a0 Opening of the Offer:<\/td>01st\u00a0<\/sup>November, 2022<\/td><\/tr>
b)\u00a0\u00a0 Closing of the Initial Sale:<\/td>31st\u00a0<\/sup>December, 2022<\/td><\/tr>
c)\u00a0\u00a0 Scheme to open for Subsequent Sale<\/td>02nd\u00a0<\/sup>January, 2023<\/td><\/tr><\/tbody><\/table>
  1. Approval of unit Holder\u2019s Register by CMSA:\u00a0 05th\u00a0<\/sup>January, 2023<\/strong><\/li>
  2. Notification of Results:\u00a0 10th\u00a0<\/sup>January, 2023<\/strong><\/li>
  3. Official launch: 14th\u00a0<\/sup>January, 2023<\/strong><\/li>
  4. Opening of repurchase operations on: 01st\u00a0<\/sup>April, 2023<\/strong><\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t