Collective Investment Schemes (CIS) were introduced in November 2003, by the Collective Investment Schemes Act, with the first unit trust being established by African alliance around 2005. The industry has since grown, with various players entering the market. Currently there over 6 fund managers and 91,289 funded investor unit trust [...]
Why Earn Interest on Savings AccountsInflation Protection: Interest earnings help maintain purchasing power during inflation.Wealth Growth: Compound interest accelerates savings growth over time.Liquidity: Savings accounts provide easy access to funds.Low Risk: Typically, savings accounts are insured and low-risk.Disciplined Savings: Encourages regular savings habits.Effects of High Inflation on your Investments and [...]
Return Comparison: 1. Unit Trust Funds: 2. Government Securities: 3. Fixed Income Bank Deposits: Risk Comparison: 1. Unit Trust Funds: 2. Government Securities: 3. Fixed Income Bank Deposits: Liquidity Comparison: 1. Unit Trust Funds: 2. Government Securities: 3. Fixed Income Bank Deposits: Other Key Considerations: 1.Unit Trust Funds: 2. Government [...]