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Invest in your goals
With Interest-Bearing Assets Fund you can reach your financial goals.
What is the Old Mutual Interest-Bearing Assets Fund?

The Old Mutual Interest-Bearing Assets Fund aims to deliver regular income through investments in a diversified portfolio of debt securities, fixed deposit instruments or near cash and cash holdings in interest bearing assets. Unit holders benefit from investing in a range of investment options while having the flexibility to disinvest funds according to their financial needs.

What about fund prices?

  • The price of the Old Mutual Interest-Bearing Assets Fund is 100 Tambala and remains static
  • The yield changes on a daily basis
  • Interest is calculated on a daily basis and credited to your account monthly. 

*Tambala is the unit of the Malawian Kwacha. 100 Tambala =MK1

Old Mutual Interest-Bearing Assets Fund | Old Mutual Malawi
Classes
Acronym
Initial fee
Ongoing Annual service fee

Above MK40m

OMIBAF A

N/A

2.8%

MK25m to MK39m

OMIBAFB

N/A

3.0%

MK100k to MK24m

OMIBAFC

N/A

3.2%

Why choose Old Mutual Interest-Bearing Assets

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Flexibility
Make additional investments and withdraw your funds at any point in time according to your financial needs.
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Earn competitive returns
Income is distributed semi-anually in June and December of each year.
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Stay up-to-date
Track your investment progress using the our online investor portal.

Want to know more about Old Mutual Malawi Unit Trusts?

We have answered a few of your investment questions, if you want to speak to an adviser please use the Call Me Back button at the top of the page or call +265 891 002 010 or visit your nearest Old Mutual Branch

If you are an existing client, you can create an Interest Bearing Asset Fund account on the web portal under My Accounts and select Create New Account.

If you are a new client, you can open an account by accessing the web portal and clicking Create Account, to begin your investment journey.

Direct deposits and electronic transfers can be made to any of the bank accounts below. Email us your proof of deposit using any of the following email addresses: utcustomercare@oldmutual.co.mw or info@oldmutual.co.mw 

  • Bank: Standard Bank
    Branch: Corporate Banking Centre Branch
    Account Name: Old Mutual Unit Trust Company (Malawi) Limited - Clearing Account
    Account Number: 9100000417553
  • Bank: FDH Bank
    Branch: UMOYO
    Account Name: Old Mutual Unit Trust
    Account Number: 1850000643677
  • Bank: National Bank
    Branch: Henderson Street
    Account Name: Old Mutual Unit Trust
    Account Number: 1004203018
  • Bank: First Capital Bank
    Branch: Blantyre
    Account Name: Old Mutual Unit Trust
    Account Number: 0003707001785

Note: 

Please use your Name and Unit Trust Account Number as reference for the deposit or electronic transfer. Direct deposits and electronic funds transfers made into our account will only be processed on receipt of the funds. Cheque deposit values will only be accounted for on the day the cheque is cleared.

To increase your investment, make a direct deposit into any of our bank accounts, payable to Old Mutual Unit Trust Company (Malawi) Limited with your instructions. The minimum top-up amount is MK100 000.

You will have access to our web portal and mobile application to track your investment. We will also send you monthly statements, within one week of the end of each month. The statements will show any transactions during the period and the value of your investments as at the date of the statement.

You can switch between funds at any time. By switching between funds, you are actually selling and then buying units - you may have to pay fees if you switch from a fund with a lower entry fee than the fund you are buying into.

Make your investment journey easy by setting up a direct debit order. Simply fill in a form with the applicable details and send it to us via either of the email addresses utcustomercare@oldmutual.co.mw or info@oldmutual.co.mw

Write to us if you want to reduce or stop your monthly investment. You can only reduce monthly investments down to the minimum payment of MK100 000 a month.

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