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Home >> Product and Services >> SICOM Unit Trust >> SICOM General Fund

SICOM General Fund

 
The SICOM General Fund is a Unit Trust, i.e. a collective investment scheme requiring two parties, a Manager (SICOM Financial Services Ltd) to carry out the investment function, and a Trustee (The Mauritius Commercial Bank Ltd), which performs a fiduciary role on behalf of the investors.


Pricing for SICOM General Fund
Prices on 07 May 2012

 

Per Unit (Rs)

Issue Price

12.91

Repurchase Price

12.23

NAV

12.65

With effect from 30 April 2012


Objectives of SICOM General Fund
The overall objective of the SICOM General Fund is to maximise returns, whilst acting prudently at all times and diversifying its portfolio with a long term view by investing both locally and overseas.

How does it work?
With the SICOM General Fund, your investment is managed and spread across a wide range of equity (local and overseas) shares, loans, debentures, government stocks/bonds, as well as through cash or short term instruments.

Reasons to consider SICOM General Fund

  • Free Life Cover for individual unit holders
  • We minimize your risks by investing in a diversified portfolio
  • Possibilities to invest in local and international markets
  • Dividends are tax-free
  • Capital gains are exempt from income tax
  • The fund itself is liable to income tax at the preferential rate of 15%

Documents to be submitted along with an application form
Certified copies or originals must be provided in all cases:

  1. Certified copy of either of the following: national identity card, current valid passport or current driving license for both applicant and beneficiary
  2. Certified copy or original of either of the following: recent utility bill, recent bank/credit card statement or a recent bank reference for proof of address
  3. Evidence of Source of Fund
  4. Civil marriage certificate and birth certificate if required

Investing in SICOM General Fund
Investors are offered two ways of investing:

1.   Lump Sum Investment - SICOM General Fund

The minimum investment is Rs 500. Application forms should be sent with a crossed cheque made payable to SICOM General Fund.

All remittances by post should be addressed to

SICOM Financial Services Ltd (The Manager)
SICOM Building
Sir Célicourt Antelme Street
Port Louis
     Or     SICOM Registry and Secretarial Services Ltd
SICOM Building
Sir Célicourt Antelme Street
Port Louis

Unit Certificates will be posted to applicants within 21 days from the date of processing of the application.


2.   Monthly Savings Plan - SICOM General Fund

The minimum monthly investment per unit holder shall amount to Rs 500. The relevant application form and standing order instruction forms should reach the office of SICOM Financial Services Ltd at least 10 business days before the last day of the month.

No certificate will be issued if you are opting for the Monthly Savings Plan. However, you will receive half-yearly statements to your accounts as at June 30 and December 31.


Your next move
To find out more about SICOM General Fund, please call us on 203 8420 or email us at sfsl@sicom.intnet.mu leaving your name, address and phone number.

Alternatively, visit us at SICOM Financial Services Ltd and arrange for an appointment with one of our officers.


Application and Repayment Request Forms
Application and Repayment Request forms for SICOM General Fund can be downloaded from here.