Merchant West SCI Money Market Fund

INCOME FUNDS

Merchant West SCI Money Market Fund

This Fund is suitable for the risk-averse investor seeking a short-term investment or a safe-haven holding. The objective of the Fund is to maximise interest income, preserve capital and provide liquidity.

In order to achieve its objective, the investments normally to be included in the Fund will comprise a diversified combination of money market instruments, and the Fund may from time to time invest in interest rate swaps as determined by the Act.

Portfolio Manager

Daniel King

Daniel King

Portfolio Manager

ASISA FUND CATEGORY

South Africa Interest Bearing Money Market

BENCHMARK

STeFI Call Rate

INCEPTION DATE

7 December 2015

REGULATION 28

No

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Frequently Asked Questions

Tax-free investing does not require payment of tax on interest and dividends earned, nor on capital gains. In a tax free investment, you may invest up to R36 000 per tax year and up to R500 000 over your lifetime.

Yes you may withdraw from a tax-free investment. After withdrawing a portion, you cannot reinvest more to your investment if you’ve already contributed to the maximum limit for that tax year.

The exact minimum investment amount is listed on the fund fact sheet however, the general minimum lump sum deposit is R10 000.00.

The exact minimum investment amount is listed on the fund fact sheet however, the general minimum monthly investment amount of R500.00

Yes, the exact minimum investment amount is listed on the fund fact sheet however, the general minimum lump sum deposit is R10 000.00 and a monthly investment minimum amount of R500.00

Yes, you are able to change your monthly recurring debit order – provided it’s not less than the minimum of the fund you are invested in. You’re also able to make additional investments and withdraw money at any time. You can do this online via Secure Services, rather than through Smart Invest itself.
Note: If a debit order collection date falls on a non-business day, we will collect it on the first available business day thereafter.

Once you commit to investing, you have the option of paying a lump sum amount once off or a lump sum payment as often as you would like. The minimum lump sum deposit is R10 000.00. You may invest monthly at a minimum of R500.00.

No notice is required to withdraw money from a unit trust investment. It takes 2 – 3 business days for a withdrawal instruction to be processed from the time the instruction is successfully submitted.

We don’t charge performance fees and the cost of our portfolios averages as the lowest in the market within active fund management. To view all the fees charged, read through the Fund Fact Sheet available on this site alongside the Fund.

For an individual investor: Certified South African ID (green or bar-coded identity document) or a valid passport (for foreign residents). Proof of residential address such as a recent copy of a utility bill. Contact Details SA Income Tax Registration Number, where applicable

Go to www.cp.sanlam.co.za/
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Enquire

Need Further Assistance?

For Any Assistance or Questions Please Contact:

Sanlam Collective Investments
0860 100 266
service@sanlaminvestments.com

Merchant West Investments
+27 (0)21 492 0200
invest@merchantwest.co.za

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Related Funds

INCOME FUNDS

Merchant West SCI Enhanced Income Fund

This Fund is suitable for a conservative investor seeking regular income payments or moderate capital growth. 

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Merchant West SCI Cautious Fund

This Fund is suitable for a conservative investor seeking long term capital growth with limited exposure to higher risk assets and downside volatility.

MULTI ASSET FUNDS

Merchant West SCI Flexible Income Fund

This Fund is suitable for a conservative investor seeking regular income payments. 

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