SHARENET BCI
INCOME PLUS

The fund aims to achieve a higher return than a traditional money market or pure income fund.

Risk profile Min investment
Cautious R 25,000 Lump Sum
R 1,000 Monthly
Min investment
R 25,000 Lump Sum
R 1,000 Monthly

SHARENET BCI INCOME PLUS

FUND OVERVIEW
This fund aims to provide a high level of income, allowing you to access your money when you need it, while still maximising returns. The fund allocates assets across a diversified blend of high yielding instruments, making this an intelligent alternative to cash and bank deposits.
INVESTOR PROFILE
This fund is for the short-term investor who is sensitive to capital loss. This fund is suitable for investors who are looking for a high level of income at low risk, and investors seeking a highly liquid investment vehicle for the liquid portion of their portfolio. It is the perfect place to park cash and gives higher returns than a savings account or fixed deposit.
LAUNCH DATE28 December 2011
FUND CLASSIFICATIONSA Multi Asset Income
BENCHMARKSTeFI - rolling 12 months
TER1.20%
FEES (Excl. VAT)1.00%
PORTFOLIO SIZER 194 Million

RISK PROFILE

FUND ATTRIBUTES


INVESTMENT TERM
0-1 Years

MIN INVESTMENT AMOUNT
Lump Sum: R 25,000
Monthly: R 1,000

INVESTMENT GOAL
Liquidity | Building Block | Asset Purchase

RISK PROFILE
1/10

INCOME REQUIREMENT
Yes

REGULATION 28
No

FUND FAQ'S

  • A unit trust is a pool of investors' money that is used to invest in financial instruments such as equities and bonds. The pool is divided into equal units owned by the investors in the fund who then share in the fund’s gains and losses. Unit trusts generally provide investors with well-diversified portfolios.

  • No. There is no set investment period. You decide when and how much you want to invest and you can withdraw your funds at any time. Debit orders can also be amended/cancelled at any point in time should you become unable to continue contributions to your investment. There are no penalties when you decide to withdraw from your investment.

  • You can instruct additions or withdrawals of your investment online (clients with online access only), by completing the relevant forms or by contacting Sharenet on 021 700 4800. Withdrawals will take 2 business days to be processed.

  • We have partnered up with BCI to assist with the administration of the Sharenet unit trusts. This allows us to focus solely on managing our portfolios.

  • A LISP is effectively an investment administration and product packaging business and is licensed to buy and sell units in collective investment schemes (unit trusts) on your instruction. It enables you to invest in a wide range of collective investment schemes, such as unit trust funds, via one source.

  • You will receive statements from Boutique Collective Investments (BCI), which acts as the management company for Sharenet and is responsible for the administration of the fund. BCI also offers online access (which must be indicated on the application form) to investors.

  • Once Sharenet has received a completed application and supporting documents, the investor's account will be opened within 2 business days. The investor will receive an email from BCI confirming the account opening.

  • Yes. Investment in a unit trust is available for minors and requires additional details and FICA of a parent or guardian.

  • Your unit trust investment falls into your deceased estate, and may therefore be subject to Estate Duty. On receipt of the prescribed death notification, Sharenet will only act on the instructions received from the executor of your estate.

  • No. You can invest in Sharenet unit trusts directly from Sharenet, without incurring broker commissions or advice fees. Alternatively, if you have a financial adviser, you can make the investment via your adviser. The advice fee is negotiated between you and your financial adviser or broker.

  • Yes, this requires an income tax number. The income will be deemed to be your income, so it would be your tax number.

  • Yes. Unit trusts are collective investment schemes that are regulated by the Financial Services Board (FSB) - soon to be renamed the Financial Sector Conduct Authority (FCSA). The legal structure prevents anyone from taking your money and any withdrawals from your investment can only be made to the bank account you specify on your application form. Our custodian (Standard Bank) is responsible for the safe keeping of your investment.

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