Details
12-month NAV return
11.36%
Trailing 12 months
NAV / fund size
TZS 152.0938
TZS 168.11B
Data as of 2026-10-16
Liquidity
T+3
Lock-in period up to 3 months; repurchase proceeds credited within 1-3 working days
Minimum investment
TZS 10,000
What this fund invests in
Invests 100% in money-market and debt instruments (T-bills, deposits and bonds)
Source: offer document p35
Performance
Historical NAV change for the periods shown. Distributions may not be included; read the fund methodology before comparing income-paying funds.
- 1 week
- 2026-10-08 → 2026-10-15
- +0.12%
- 1 month
- 2026-09-15 → 2026-10-15
- +0.68%
- 3 months
- 2026-07-16 → 2026-10-15
- +2.11%
- YTD
- 2025-12-31 → 2026-10-15
- +9.24%
- 1 year
- 2025-10-15 → 2026-10-15
- +11.36%
A dash means this period is unavailable; it is not a zero return.
Keep exploring
Money Market Funds in Tanzania →Risks & terms
- Redemption timing
- Processed within 1-3 business days of receipt of the investor's request by the Manager (the At-a-Glance highlights table states 1-3 days; the body text at Section 19.2(h) states 3 working days).
- Income distribution
- The document is internally ambiguous: Section 10.9 offers 'Growth/Reinvestment options' (suggesting NAV growth without payout), yet the Tax Benefits clause (Highlights item 17 and Section 25(a)) states 'income distribution is exempted from income tax in the hands of investors', which presupposes an actual distribution mechanism. The document never states a distribution frequency or amount, and defines but never uses a 'Distribution Period' term.
- Custodian
- CRDB Bank Plc
- Lock-in
- 3 months
- Front/Exit Load
- No entry or exit load
- ESG Policy
- Unverified
- Notes unverified
- Low-ticket cash alternative
Official sources
Each figure uses its own latest available date. Management fees are not necessarily total costs. Open the full profile for risks, qualifications and source documents; historical results are not a forecast.
What the offer document says
The terms below come from Faida 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 capital growth unit trust scheme
- Objective
- An open-ended scheme which seeks to create wealth to Tanzanians particularly to middle- and low-income groups through investment in units to obtain competitive returns through capital growth, and to enhance the culture of savings in financial assets.
- Asset allocation
- Money Market instruments (tenure not exceeding one year) (maximum 40% of total investment); Debt Instruments (Treasury Bills, Treasury Bonds, Listed Corporate Bonds, Bank placements, Repurchase agreements, etc.) (minimum 60% of total investment)
- Benchmark
- Two-Year Treasury Bond rate
- Minimum initial investment
- TZS 10,000
- Minimum additional investment
- TZS 5,000
- Entry load
- Nil
- Exit load
- Nil (units purchased and redeemed at the prevailing applicable NAV, without entry or exit load)
- Management fee
- 1.8% of NAV per annum (investment management/advisory fee)
- Tax treatment
- Withholding tax of 10% (final) on interest from all other bonds, treasury bills and bank deposits (Income Tax Act 2004, 1st Schedule Para 4(b)(ii)); Income from Government bonds with a tenure above two years is exempt from tax (Income Tax Act 2004, 2nd Schedule f(i)-(vi)); Capital gains arising from sale or maturity of listed bonds are exempt from tax (Income Tax Act 2004, 2nd Schedule f(i)-(vi)); Income distribution is exempt from income tax in the hands of investors (Income Tax Act 2008, 2nd Schedule Part II); No tax deduction at source on the repurchase, irrespective of repurchase amount
Checked against the fund's own offer document, page by page (reviewed 2026-09-01). Read the offer document