Faida Fund investors receive Sh1.3 billion in profits
What you need to know:
- Faida Fund's Net Asset Value (NAV) stands strong at Sh107.9510, reflecting the fund's robust financial health and stability.
Dar es Salaam. Faida Fund investors have received a total of Sh1.3 billion due to strong performance and careful investment strategies.
Faida Fund is a Collective Investment Scheme (CIS) managed by Watumishi Housing Investments (WHI).
A total of 2,898 investors shared the profits.
WHI Communication Specialist, Maryjane Makawia, said the Fund is an open-ended scheme that seeks to create wealth for Tanzanians, particularly middle and low-income groups, through investments in units.
It was established in January this year, and its total size currently stands at Sh16.4 billion.
She noted that the Faida Fund's Net Asset Value (NAV) stands strong at Sh107.9510, reflecting the fund's robust financial health and stability.
“This metric is a testament to WHI's prudent investment strategies and management expertise,” she said.
She called on investors and financial enthusiasts to closely monitor Faida Fund's performance as it continues to thrive in the ever-evolving financial landscape, providing investors with profitable and reliable investment avenues.
