Initial offer period. This product has not yet launched a public NAV or DSE feed, so it does not appear in NavViewTZ's ranked fund list. Figures below come from the offer document, not live performance data.
30-day Cool-off Period (24 Oct - 22 Nov 2026), fund-wide, before Subsequent Sale/Repurchase begins
Front/Exit Load
No entry or exit load
ESG Policy
None
Notes
In initial offer period 24 Aug - 23 Oct 2026 (unit price TZS 1,000, target raise TZS 5.0B). Growth-oriented sibling scheme to the Ushindi Fund, moderate-to-high risk.
Official sources
NavViewTZ gives you the fast read on this fund, but when you want to dig into the raw materials — the prospectus, the live NAV table, or the manager's own narrative — these links take you straight to Victory Financial Services Limited's published pages. Treat the manager as the source of truth; we just made them easier to find.
The terms below come from Thamani Fund's own offer document — the minimums, loads, lock-ins and settlement windows that decide what this fund actually costs you to enter and leave.
Structure
Open-ended collective investment unit trust scheme
Objective
To achieve long-term capital appreciation through a diversified portfolio with significant exposure to listed equities, supported by fixed-income and money-market investments for portfolio stability, liquidity and risk management. The Manager will pursue a target return of up to 13% per annum over the medium to long term, subject to prevailing market conditions, equity-market performance, interest-rate movements, liquidity conditions and portfolio performance. The target return is an investment objective and is not guaranteed.
A composite benchmark comprising 60% of the relevant Dar es Salaam Stock Exchange equity index, 30% of a representative fixed-income index, 10% of a representative money-market index, or such comparable indices as may be approved by the Board and disclosed in periodic reports
Minimum initial investment
TZS 10,000
Entry load
Nil
Exit load
Nil
Management fee
2.00% per annum of NAV, accrued daily and paid periodically
Redemption timing
Proceeds paid to the Unit Holder's registered bank account or registered mobile-money account not later than four Business Days after the Acceptance Date, subject to lawful suspension, verification and settlement requirements.
Income distribution
The Fund is an accumulation fund. Income, interest, dividends and realised gains are retained and reinvested for the benefit of Unit Holders and reflected in NAV. No regular cash distribution is contemplated unless the Trust Deed and Offer Document are lawfully amended with CMSA approval and Unit Holders are appropriately notified.
Key risks
Market and equity-price risk; Interest-rate risk; Credit and counterparty risk; Liquidity risk; Inflation risk; Concentration risk
Checked against the fund's own offer document, page by page (reviewed 2026-09-01).
Governance
Who actually holds and safeguards Victory Financial Services Limited's funds, and how disputes or conflicts of interest are disclosed. These facts belong to Victory Financial Services Limited as a manager and apply to every fund it runs, not just this one.
Trustee / Custodian
CRDB Bank Plc
A public limited liability company incorporated in the United Republic of Tanzania, licensed and supervised by the Bank of Tanzania and listed on the Dar es Salaam Stock Exchange. Provides retail, corporate, treasury, transaction-banking and capital-markets services, including securities custody, registrar services, government-securities services and related investment administration. Regulated under the Banking and Financial Institutions Act, 2006 (Act No. 5 of 2006), as amended. CRDB's written acceptance to act as Custodian is dated 29 April 2026. Custody capabilities include safekeeping of financial assets, settlement support, registrar services, government-securities administration, direct connectivity with market depositories, client servicing, custody agreements and service-level arrangements, and information systems supporting custody operations. Principal duties: hold/control the Trust Property and ensure segregation from the Manager's proprietary assets; oversee Sale, Repurchase, issue and cancellation of Units; review adequacy/application of valuation and pricing methodologies; monitor compliance with investment and borrowing limits; perform daily custody and cash reconciliations; report to Unit Holders in the annual report on the Manager's material compliance with the Trust Deed; exercise oversight and access rights over the Register maintained by the Manager.
Board
Private company board (contrast UTT's government-appointed board or iTrust's private company board of a different manager). Seven-member Board of Directors: Chairperson (Non-Executive), Director and CEO, four further Non-Executive Directors, and one further Director. Functions include approving strategy, annual plans, budgets and material policies; overseeing financial reporting, internal controls and external audit; overseeing risk management, regulatory compliance, AML/CFT and conduct risk; appointing and supervising senior management; overseeing technology, information security, business continuity and operational resilience; and approving the establishment and material amendments of a Scheme, subject to CMSA approval. An Investment Committee supports the Board's investment-governance framework (reviewing investment strategy, asset allocation, portfolio risk, valuation matters, liquidity, compliance with investment limits and performance against the approved benchmark) without displacing the statutory responsibilities of the Manager or Custodian.
Auditor
Topex Financial Consultants, Certified Public Accountants, EOTF Building, 1st Floor, Morogoro Road/Jamhuri Street, P.O. Box 77221, Dar es Salaam.
Legal advisor
BG & Co. Advocates, AMI House, 1st Floor, Mkwepu/Samora Avenue, P.O. Box 42192, Dar es Salaam.
Registrar
Victory Financial Services Limited (self-registrar; the Manager acts as Registrar and maintains the Register, subject to Custodian oversight, access and reconciliation rights).
Regulator
Licensed by the Capital Markets and Securities Authority (CMSA) to conduct regulated capital-markets activities, including fund-management services. Also a Licensed Dealing Member of the Dar es Salaam Stock Exchange (DSE).
