SICOM

General Fund

General Fund

You want to maximise your returns across a wide range of equity (local and overseas) shares, loans, debentures, government stocks/bonds, as well as through cash or short term instrument with a long term view by investing both locally and overseas?

About this product

Invest your fund wisely in SICOM General Fund which 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.

Highlighted features
  • Life Cover

    Free Life Cover for individual unit holders

  • Dividends

    Tax-free dividends

  • Tax Exemption

    Capital gains are exempt from income tax

Product Features

Choose SICOM General Fund & benefit from:

  • Life Cover

    Free Life Cover for individual unit holders

  • Dividends

    Tax-free dividends

  • Tax Exemption

    Capital gains are exempt from income tax

  • Diversified Portfolio

    Minimize your risks by investing in a diversified portfolio

  • International Investment

    Possibilities to invest in local and international markets

  • Preferential Rate

    The fund itself is liable to income tax at the preferential rate of 15%

( Terms and conditions apply)*

Useful Information

Pricing At 27 June 2022

 Per Unit (Rs)
Issue Price15.98
Repurchase Price          15.27
NAV15.72

(Effective from 21 June 2022)

 

Lump Sum Investment

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 CĂ©licourt Antelme Street
Port Louis

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

Monthly Savings Plan

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.

Individuals & Corporate

Individuals

 

  • 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

 

Corporate

 

  • Certificate of Incorporation
  • ID of directors/ authorized signatories
  • Utility bill of all directors/ authorized signatories
  • Annual report


How do I invest in the Fund?
You may invest by buying units in the Fund.

 

How does it work?
Your investment is managed for you and spread across a wide range of equity (local and overseas) shares, loans, debentures, government stocks/bonds as well as through cash / short term/ money market instruments.

 

What is the investment policy of the Fund?
The overall objective of the Fund is to maximize returns whilst acting prudently at all times and diversifying its portfolio with a long- term view.

 

Can I redeem my units?
You can redeem your units by returning the certificate and fill in a redemption form. Relevant requests forms are available at SICOM Financial Services Ltd.

Highlighted features
  • Life Cover

    Free Life Cover for individual unit holders

  • Dividends

    Tax-free dividends

  • Tax Exemption

    Capital gains are exempt from income tax

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This product is offered by: SICOM FInancial Services Ltd

BRN:C07023531

FSC License No: LC06000053