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Money Market Fund is one of the best ways to invest your money in Uganda. You will earn interest of 7% to 15% per year. Below is a list of the best Money Market Fund in Uganda

—-SANLAM

Unit Trusts

Benefits

  • Secure: The Sanlam Income fund has a capital guarantee
  • Efficiency: Quick and easy access to funds
  • Interest: Interest is compounded and is calculated on a daily basis
  • Flexibility: The period to invest is not fixed or contractual
  • Top ups: Investors can top up anytime as they wish and as low as Ugx 50,000/-
  • Management: Managed by experienced and professional asset managers. The money is held by a trusted company separate from the managing company
  • Performance: Historically the Sanlam Income Fund has performed better than the bank fixed deposits
  • Rate: The rate is equivalent to the yield of the underlying investments

Features

  • Funds are invested in high-quality interest-bearing assets such as fixed deposits and government securities in the Ugandan market
  • The fund’s yield consists of compounded interest that is calculated daily and distributed monthly into the client’s account
  • It is free to set up the account (no initial fees)
  • It is a low risk fund
  • The fund is ideal as a safe parking for money in the short term to medium term. It is a good option for individual, corporate and joint investors.
  • The minimum investment for an account is Ugx 100,000/-

—–Britam

Britam Money Market Fund

Benefits

  • Invest from as low as 100,000 UGX 
  • Earn yields of up to 10%* annually 
  • No Withdrawing taxes 
  • Easily track your savings and transact your daily contract notes and monthly statements. 
  • Easy withdrawal straight to your Bank account within 48 hours. 
  • Daily compound interest rate 
  • No fixed terms 

—–Stanbic Bank Uganda

Wezimbe Unit Trust

 SBGSecurities Uganda Money Market Fund

This Fund aims to provide investors with a high level of current income compared to what they would otherwise get on money market instruments of similar duration. This is achieved by optimizing investments across high quality instruments while ensuring preservation of capital. 

Highlights:  

  1. The Fund invests 100% of its portfolio in securities with a maximum duration of 1-year 
  2. No penalties for redemption/withdrawal of funds 
  3. Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000 
  4. Risk Profile: Low Risk (Suitable for Conservative investors with a short-term savings goal who seek a competitive yield). 
  5. Annual Management fee is 2% 

Benefits: 

  • Professional Fund Management 
  • Competitive returns 
  • Capital Preservation 
  • Convenient Access (Web portal and App Access) 

How to Invest:  

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant 
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS 
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer 

How to Redeem: 

To redeem a part or all your Investments at any time 

Option 1: Login to your mutual fund account via the web portal or mobile app and initiate a redemption. 
Option 2: Fill in a Redemption Form, scan and submit to our email address/offices 

SBG Securities Uganda Bond Fund

This Fund aims at providing investors with a high level of income by optimizing across a range of high-quality long-term government and corporate debt while minimizing the investors’ risk. 

Highlights:  

  1. The Fund portfolio is skewed towards long term government quality bonds (minimum of 70%) and a maximum of 30% in securities with duration of 1-year and below. 
  2. No penalties for redemption/withdrawal of funds 
  3. Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000 
  4. Risk Profile: Medium Risk (Suitable for moderately conservative investors who have a medium to long term investment horizon but seek interest income and can tolerate a moderate level of risk such as Interest Rate risk, Income risk, extension risk and credit risk). 
  5. Annual Management fee is 2% 

Benefits: 

  • Professional Fund Management 
  • Competitive returns 
  • Convenient Access (Web portal and App Access) 

How to Invest:  

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant 
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS 
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer 

How to Redeem: 

To redeem a part or all your Investments at any time 
Option 1: Login to your mutual fund account via the web portal or mobile app and initiate a redemption. 
Option 2: Fill in a Redemption Form, scan and submit to our email address/offices 

SBGS Uganda Balanced Fund

This Fund aims to achieve a reasonable level of long-term capital growth to investor. The fund’s portfolio is well balanced by investing in a diversified spread of equities and fixed income securities.  

Highlights:  

  1. The Fund portfolio includes high quality listed equities and fixed income securities 
  2. No penalties for redemption/withdrawal of funds 
  3. Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000 
  4. Risk Profile: Medium Risk (Suitable for investors with long term investment horizon [Recommended is 3-5 years] and seek interest income and can tolerate significant levels of risk). 
  5. Annual Management fee is 2% 

Benefits: 

  • Professional Fund Management 
  • Competitive returns 
  • Risk Mitigation 
  • Convenient Access (Web portal and App Access) 

How to Invest:  

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS 
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer 

How to Redeem: 

To redeem a part or all your Investments at any time 
Option 1: Login to your mutual fund account via the web portal or mobile app and initiate a redemption. 
Option 2: Fill in a Redemption Form, scan and submit to our email address/offices 

SBGSecurities Uganda Money Market Fund

This Fund aims to provide investors with a high level of current income compared to what they would otherwise get on money market instruments of similar duration. This is achieved by optimizing investments across high quality instruments while ensuring preservation of capital. 

Highlights:  

  1. The Fund invests 100% of its portfolio in securities with a maximum duration of 1-year 
  2. No penalties for redemption/withdrawal of funds 
  3. Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000 
  4. Risk Profile: Low Risk (Suitable for Conservative investors with a short-term savings goal who seek a competitive yield). 
  5. Annual Management fee is 2% 

Benefits: 

  • Professional Fund Management 
  • Competitive returns 
  • Capital Preservation 
  • Convenient Access (Web portal and App Access) 

How to Invest:  

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant 
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS 
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer 

How to Redeem: 

To redeem a part or all your Investments at any time 

Option 1: Login to your mutual fund account via the web portal or mobile app and initiate a redemption. 
Option 2: Fill in a Redemption Form, scan and submit to our email address/offices 

SBG Securities Uganda Bond Fund

This Fund aims at providing investors with a high level of income by optimizing across a range of high-quality long-term government and corporate debt while minimizing the investors’ risk. 

Highlights:  

  1. The Fund portfolio is skewed towards long term government quality bonds (minimum of 70%) and a maximum of 30% in securities with duration of 1-year and below. 
  2. No penalties for redemption/withdrawal of funds 
  3. Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000 
  4. Risk Profile: Medium Risk (Suitable for moderately conservative investors who have a medium to long term investment horizon but seek interest income and can tolerate a moderate level of risk such as Interest Rate risk, Income risk, extension risk and credit risk). 
  5. Annual Management fee is 2% 

Benefits: 

  • Professional Fund Management 
  • Competitive returns 
  • Convenient Access (Web portal and App Access) 

How to Invest:  

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant 
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS 
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer 

How to Redeem: 

To redeem a part or all your Investments at any time 
Option 1: Login to your mutual fund account via the web portal or mobile app and initiate a redemption. 
Option 2: Fill in a Redemption Form, scan and submit to our email address/offices 

SBGS Uganda Balanced Fund

This Fund aims to achieve a reasonable level of long-term capital growth to investor. The fund’s portfolio is well balanced by investing in a diversified spread of equities and fixed income securities.  

Highlights:  

  1. The Fund portfolio includes high quality listed equities and fixed income securities 
  2. No penalties for redemption/withdrawal of funds 
  3. Minimum investment amount is Ugx 100,000, minimum additional amount is Ugx 50,000 
  4. Risk Profile: Medium Risk (Suitable for investors with long term investment horizon [Recommended is 3-5 years] and seek interest income and can tolerate significant levels of risk). 
  5. Annual Management fee is 2% 

Benefits: 

  • Professional Fund Management 
  • Competitive returns 
  • Risk Mitigation 
  • Convenient Access (Web portal and App Access) 

How to Invest:  

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS 
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer 

How to Redeem: 

To redeem a part or all your Investments at any time 
Option 1: Login to your mutual fund account via the web portal or mobile app and initiate a redemption. 
Option 2: Fill in a Redemption Form, scan and submit to our email address/offices 

Requirements

  • A passport sized photograph
  • A soft copy of your national ID/passport
  • Sign up using our Web portal and App

How to Invest

  1. Open an Account using your National ID/Passport and passport sized photograph of the Applicant 
  2. Your Unit Trust Investment Account will be opened within one business day and your account number will be sent to your email or phone via SMS
  3. Upon receipt of the e-account number, transfer the amount to be invested using Mobile Money, Bank Transfer

Contact us :

  • Call us on +256 312 22 4965 / +256 312 22 4975  
  • Email: invest@stanbic.com

—Britam

Fixed Income Money Market UGX and USD Fund

This fund aims to offer superior returns over the short investment for 3 months, medium investment for 6 months and longer-term investment for 12 months. The FIMMF fund is a fixed-term investment ideal for investors seeking investment in fixed income, as well as for investors seeking fixed income securities e.g. treasury bills and bank fixed deposits. 

It is suitable for investors whose liquidity needs are predictable. 

Benefits

  • Competitive returns higher than bank deposits and treasury bills 
  • Effective cash management under different investment tenors 
  • Premature liquidation allowed 
  • Interest can be paid monthly on request 
  • Available in UGX. and USD 
  • Minimum initial amount UGX. 5,000,000 & USD. 10,000 
  • Minimum top up – UGX. 2,000,000 & USD. 5,000 
  • Indicative/Floating Rates net of fees 
  • Premature liquidation in the event of an emergency is allowed subject to a 2.5% penalty reduction on the Indicative Rate. 

—UAP INSURANCE

UNIT TRUST

A unit trust is a collective investment scheme, which pools contributions from investors with a common investment objective. The pooled funds are then used to purchase a portfolio of financial securities. Depending on the objective of the unit trust, the type of securities to be bought can comprise of: equities (shares), bonds, cash, bank deposits etc. The unit trust portfolio is managed by a professional fund manager, while the assets are held by a bank acting as a custodian.

What asset classes does a fund manager invest in upon receipt of monies from investors?

  • Local Stock Market – Listed shares

There are three types of Unit Trust under the UAP-OM Unit Trust Funds and these are;

UAP MONEY MARKET FUND

The Manager attains the Fund’s Investment Objective principally by investing In Fixed Income Securities Investments that consist principally of fixed income securities with a maturity of less than 36 months.

Potential investments include: interest-bearing securities such as bank deposits, treasury bills and commercial paper, including money or cash funds, as well as other debt securities. Through such investment, the fund will seek to benefit from the most favorable rates of interest available in the market.

FEATURES O FTHE MONEY MARKET FUND

  • Commercial Papers
  • Treasury Bills
  • Fixed Deposits
  • Bank Deposits

ABOUT THE FUND

Fund Manager UAP Financial  
  Services Ltd  
Launch Date August 2013  
Risk Profile Low  
Charges Initial Fee – Zero  
Annual 2% p.a  
Management Fee    
Trustee/Custodian Standard Chartered  
  Bank  
Auditors Ernst and Young  
Lumpsum Minimum UGX  
Investments 100,000  

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February 18, 2024

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