UTT: What It Is and How You Get Started

Curious about UTT? Learn what it is, how it works, and how to begin investing in it.

You may have heard of UTT but don’t understand what people are talking about…

Or you know that UTT has different funds but don’t know what these funds are for.

When you read to the end,

you will be able to understand exactly what UTT is, and how different its funds are.

But starting with investments…

Investing is using the money you have saved to generate more money (profit).

One way to invest collectively with other investors then sharing the profits. This kind of investment is what we call Mutual Funds.

UTT-AMIS (Unit Trust of Tanzania – Asset Management and Investor Services),

is a government owned institution under the Ministry of Finance of joint-investment in Tanzania, established in 2003.

When investors’ money is collected, the funds are invested in other liquid assets such as Bonds, Stocks and Call Accounts.

The investment is made by investment professionals, and this is one of the biggest benefits of investing in mutual funds.

Bonds Investments often start at 1,000,000/= and when you invest in Stocks, you need to monitor it yourself.

But not everyone can have 1,000,000/= to invest in Bonds and not everyone has the time and expertise to keep track of stocks,…

so mutual funds come in handy in this type of situation.

The UTT Mutual Funds promise a return of at least 12% per year or at least 1% per month.

For example;

When you invest or save 100,000/= today, within a year it can grow up to 112,000/=

But it’s also good to know that,

…any type of investment comes with a risk of loss because the financial market is affected by what is happening,

in the national and global economy.

UTT has 6 funds;

✔ Watoto Fund

✔ Liquid Fund

✔ Wekeza Maisha Fund

✔ Jikimu Fund

✔ Bond Fund, and

✔ Umoja Fund

Fund	Benefits	Money Withdraw (Re-purchase)…	Start With (Shillings)
Watoto	Capital Growth	When the child reaches 12 years of agee	10,000/=
Liquid	Capital Growth	Within 3 working days	100,000/=
Wekeza Maisha	Capital Growth	After the first 5 years	8,340/= monthly contribution, or 1,000,000/=
Jikimu	Dividend/ Income Generation	Within 10 working days	5,000/=For capital growth 1,000,000/=For an annual income 2,000,000/=For a quarterly / 3-months income
Bond	Dividend/ Income Generation	After the first 3 to 6 months	50,000/=For capital growth 5,000,000/=For a semi-annual / 6-months income 10,000,000/=For a monthly income
Umoja	Capital Growth	Within 10 working days	10,000/=