The SavInvest Individual Retirement Fund is a long term investment that allows the investor the opportunity to accumulate cash for future needs and at the same time obtain significant tax benefits and superior returns.
The Fund also invests in equities and other select securities in companies and industries with good growth potential and no prescribed restrictions on asset allocation, country or currency.
Template will go here of Geographic Graph
The Promoter of the Fund is Bourse Securities Limited who is also the Fund Manager, Investment Manager and Distributor. The investment responsibility for the Fund’s portfolio is delegated to a team of investment professionals at Bourse who are dedicated to its effective management.
The Fund seeks to offer an above average return over the long term. This is achieved by investing primarily in a diversified portfolio of debt and short term securities of private and public issues.
The maximum for tax relief is up to $50,000.00. An investor who contributes the maximum amount would have an actual tax savings of $12,500.
The Fund is a balanced portfolio and is well diversified in investments in different securities and also in TT and US currencies.
The higher the contribution level, the higher will be the plan value at maturity.
There are no upfront charges. 100% of your contributions begin working for you from DAY ONE, unlike other deferred annuity and pension fund plans.
You have the ability to transfer from one provider to another.
You can appoint or change your beneficiary at any time throughout the life of the Plan. Should you die prior to the maturity, the full value of your Plan will be paid to your beneficiary- tax exempt.
Your retirement portfolio is actively monitored and managed by a highly qualified team of investment professionals.
An investor that purchases individual stock is essentially placing ‘all his/her eggs in one basket’ hence can become exposed to greater risk in event that the stock value declines. A mutual fund invests in a diversified portfolio of assets which minimizes the risk of the fund.
No, mutual funds invest in securities such as stocks, bonds and financial instruments whose yields and values fluctuate with market conditions.
Mutual Funds are investments in financial securities with fluctuating values. The value of the stocks in a fund’s portfolio can rise or fall based on general economic conditions and the fortunes of the particular companies that issue those stocks.
Growth Funds seek maximum capital appreciation and carry high risk.
Money Market/Income-type Mutual Funds seek capital preservation and carry low risk.
The higher the risk, the greater the return to the investor and vice versa.
To reduce risks, mutual fund investments should constitute part of an overall portfolio which ought to be spread among:
This is known as diversification and is the principle upon which mutual fund is based.
A portfolio is two or more investments which are not similarly affected by various risk factors. If the price of an investment drops because of the influence of a risk, the price of another investment may rise, thus reducing the impact on the total investment.
The risk on a portfolio is generally lower in comparison to the risk on a single investment.
A mutual fund states the kind of portfolio it seeks to construct and outlines how risk factors are likely to affect such a portfolio.
Yield is the income per unit paid to a unit holder from dividends and interest over a specified period of time.
Total Return is a measure of the change in total value from the beginning to the end of a specified period, usually a year, including distributions paid to unit holders.
This measure includes income received from dividends and interest, capital gains distributions and any unrealized capital gains or losses.
Mutual Funds are not covered by Depositors’ Insurance as is the case with Bank Deposits. The risk is that of the investor.
By comparing the performance of the fund to one or more securities market indices such as S&P 500 (Benchmark for the SavInvest US Dollar Capital Growth Fund), BSE100 (benchmark for the India component of the SavInvest India Asia Fund), the MSCI AC (All Country) Asia Ex Japan Index (benchmark for the Asia component of the SavInvest India Asia Fund) and T&T Composite Index (benchmark for the SavInvest Capital Growth Fund)
Mutual Funds provide a high level of liquidity to investors. An investor who submits a redemption form by 11am on any business day can receive payment within 5 business days.
This depends on the type of Mutual Fund:
Many types of funds work best when allowed to ride out the ups and downs of market cycles over long periods of time.
Fees include the following:
These fees are calculated as a percentage of the Net Asset Value (NAV) of the Fund and are paid on a quarterly basis.
Management Fees are paid from the Fund’s Assets and are reflected in the Bid and Offer prices.
In contrast, most sales charges are deducted from the investor’s initial investment.
By taking the total number of units he/she owns and multiplying these by the Fund’s Net Asset Value (NAV) per unit (or Bid Price). He/she should compare today’s value against his beginning value. Bourse provides updates of NAVs of a daily basis. They can be found on our website under the “Current NAV Prices” tab and are published weekly on Monday’s Express Newspaper on page 10
One MAIN Account holder and up to a maximum of three joint parties are allowed.
No, accounts can only be opened for individuals over the age of 18 years.
For an individual account, the legal representative of the unit holder becomes the rightful owner of the units.
For a joint account, the other party/parties become(s) the rightful owners.
Feel free to click on the file(s) below to view.
Feel free to click on the file(s) below to view.
Feel free to click on the file(s) below to view.
Feel free to click on the file(s) below to view.
