The SICOM Overseas Diversified Fund is a Unit Trust, that is 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 Overseas Diversified Fund
Prices on 07 May 2012 | Per Unit (Rs) | Issue Price | 9.35 | Repurchase Price | 8.73 | NAV | 9.09 |
With effect from 30April 2012
Objectives of the SICOM Overseas Diversified
The overall objectives of the SICOM Overseas Diversified Fund are as follows: - To maximise returns over the long term
- To keep risks at an acceptable level through a diversified portfolio of assets invested globally
- To provide a yearly income flow
How does it work for SICOM Overseas Diversified Fund?
With the SICOM Overseas Diversified Fund, your investment is managed for you and the Fund will have a globally diversified portfolio and can invest up to 100% of its assets overseas. The financial instruments in which the Fund may invest will include inter alia mutual funds and other collective investment schemes, equity and equity linked securities, debt securities, convertible debt securities, bonds, loans, fixed income securities and cash/short term/money market instruments.
Reasons to consider SICOM Overseas Diversified Fund - Free Life Cover for individual unit holders
- We minimize your risks by investing in a diversified portfolio
- Possibilities to invest in 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:
- Certified copy of either of the following: national identity card, current valid passport or current driving license for both applicant and beneficiary
- 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
- Evidence of Source of Fund
- Civil marriage certificate and birth certificate if required
Investing in SICOM Overseas Diversified Fund?
Investors are offered two ways of investing:
1. Lump Sum Investment - SICOM Overseas Diversified Fund The minimum investment is Rs 25,000. Application forms when completed, should be sent with a crossed cheque made payable to SICOM Overseas Diversified 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
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Unit Certificates will be posted to applicants within 21 days from the date of processing of application.
2. Monthly Savings Plan - SICOM Overseas Diversified Fund
The minimum monthly investment per unit holder shall amount to Rs 2,000. 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 Unit Trust, 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 & Repayment Request Forms
Application and Repayment Request forms for SICOM Overseas Diversified Fund can be downloaded from here.
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