By Valentine Oforo, Dodoma
The Watumishi Housing Investments (WHI)’s Collective Investments Scheme (CIS), Faida Fund, has impressively managed to realise a significant return of over 1.3bn/- it has been unveiled.
The lucrative profit fetched through the vital open-ended scheme run by the country's esetmeed state –owned fund manager has been distributed among the 2,898 investors associated with the fund, showcasing the fund's commitment to delivering value to its investors.
Giving an interview to this publication today in Dodoma Capital City, the WHI Head of Communications Unit, Maryjane Makawia, informed that The latest financial statement of Faida Fund reveals a return distribution that underscores the fund's robust performance.
“The profit, a total of 1,346,162,757.4/- has been disbursed equitably among the 2,898 investors, marking a successful phase for the fund and its participants. This profit-sharing initiative highlights the fund's dedication to ensuring that investors reap the rewards of their investments,” she observed.
She communicated that the fund boasts a diverse investor base, with 2,898 individuals benefiting from the recent profit distribution added: “ This wide investor participation showcases the trust and confidence investors have in Faida Fund and WHI's management,”
Faida Fund's Net Asset Value Per Unit (NAV) stands strong at 107.8088, reflecting the fund's robust financial health and stability. This metric is a testament to WHI's prudent investment strategies and management expertise.
“The fund's total size is currently at around 16,389,384,455.11/- reaffirming Faida Fund's position as a significant player in the collective investment landscape,” she added.
Dwelling over the investor confidence and future prospects, she expressed that the profit distribution and the fund's impressive financial indicators underscore the investor confidence in Faida Fund's management, whereby the investors continue to benefit from WHI's expertise, making Faida Fund a preferred choice for those seeking stable and lucrative investment opportunities.
Looking ahead, according to Makawia, the Faida Fund and WHI are poised for continued growth and success with a patriotic focus on prudent investment practices, transparent communication, and investor satisfaction.
“Faida Fund remains committed to delivering superior returns and fostering long-term relationships with its investors,” she stated.
Investors and financial enthusiasts alike are encouraged to monitor Faida Fund's performance closely, as it continues to thrive in the ever-evolving financial landscape, providing investors with profitable and reliable investment avenues, according to her.
Faida Fund is an open-ended scheme, which seeks to create wealth to Tanzanians particularly to middle and low-income groups through investments in units to obtain competitive return through capital growth; and enhance the culture of savings in the financial assets.
The lucrative profit fetched through the vital open-ended scheme run by the country's esetmeed state –owned fund manager has been distributed among the 2,898 investors associated with the fund, showcasing the fund's commitment to delivering value to its investors.
Giving an interview to this publication today in Dodoma Capital City, the WHI Head of Communications Unit, Maryjane Makawia, informed that The latest financial statement of Faida Fund reveals a return distribution that underscores the fund's robust performance.
“The profit, a total of 1,346,162,757.4/- has been disbursed equitably among the 2,898 investors, marking a successful phase for the fund and its participants. This profit-sharing initiative highlights the fund's dedication to ensuring that investors reap the rewards of their investments,” she observed.
She communicated that the fund boasts a diverse investor base, with 2,898 individuals benefiting from the recent profit distribution added: “ This wide investor participation showcases the trust and confidence investors have in Faida Fund and WHI's management,”
Faida Fund's Net Asset Value Per Unit (NAV) stands strong at 107.8088, reflecting the fund's robust financial health and stability. This metric is a testament to WHI's prudent investment strategies and management expertise.
“The fund's total size is currently at around 16,389,384,455.11/- reaffirming Faida Fund's position as a significant player in the collective investment landscape,” she added.
Dwelling over the investor confidence and future prospects, she expressed that the profit distribution and the fund's impressive financial indicators underscore the investor confidence in Faida Fund's management, whereby the investors continue to benefit from WHI's expertise, making Faida Fund a preferred choice for those seeking stable and lucrative investment opportunities.
Looking ahead, according to Makawia, the Faida Fund and WHI are poised for continued growth and success with a patriotic focus on prudent investment practices, transparent communication, and investor satisfaction.
“Faida Fund remains committed to delivering superior returns and fostering long-term relationships with its investors,” she stated.
Investors and financial enthusiasts alike are encouraged to monitor Faida Fund's performance closely, as it continues to thrive in the ever-evolving financial landscape, providing investors with profitable and reliable investment avenues, according to her.
Faida Fund is an open-ended scheme, which seeks to create wealth to Tanzanians particularly to middle and low-income groups through investments in units to obtain competitive return through capital growth; and enhance the culture of savings in the financial assets.
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