Databank Educational Investment Fund Limited T2

0.3754
Fri, 16 Feb 2024
Bid Price
(GHS)
Offer Price
(GHS)
Open
15 Feb 2024
0.3751 0.3751
Close 0.3754 0.3754
Inception Date 11 Sep 2014
Fund Manager Databank Asset Management Services Ltd
Management Fees 2.00%
6M Ch 0.03(+8.97%)arrow_drop_up
1Y Ch 0.05(+17.06%)arrow_drop_up
3Y Ch 0.14(+61.25%)arrow_drop_up

The Databank Educational Investment Fund is an outcome oriented open ended mutual fund created to help people invest towards financing their educational needs. The Fund has been created mainly for educational institutions, parents, students, scholarship bodies and individuals who want to save and invest towards meeting future educational expenditure. The underlying assets of the fund will be fixed income instruments and equities in Ghana and other parts of Africa.

The Fund has a two tier structure to cater for the needs of short term investors as well as those investing for future educational needs. Tier 1 will be for investors who would want to save for their immediate educational needs and it will have a minimum holding period of 3 months. Tier 2 will be for investors who would want to save for future educational needs and it will have a minimum holding period of 5 years. Clients in Tier 2 clients will have a life assured cover.

The Fund seeks to achieve its investment objective by investing in fixed income securities and equities in Ghana and across Africa. The Fund may invest 100% of its assets in fixed income securities with the option to invest not more than 30% of its total net assets in equities for the tier 1 scheme and it can invest 60% to 100% in fixed income securities and a maximum of 40% in equities for the tier 2 scheme. The fund will be structured to reduce portfolio volatility and exposure to particular issuers and sectors by maintaining a well-diversified portfolio of fixed income securities. For the equity section of the portfolio, the focus will be on identifying investments with quality management, competitive positions, regular profits and good cash flow positions, in effect 'Defensive Stocks' ie blue chip dividend assured companies.

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FileSize
lock Databank Edifund T2 factsheet - Sep 2020.pdf154.94 KiB
lock Databank Edifund T2 factsheet - Jun 2020.pdf149.02 KiB
lock Databank Edifund T2 factsheet - Mar 2019.pdf121.87 KiB
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Years of Experience with
Fund
Fund Manager
Investment Industry
Fund Type Open Ended
Fund Category Balanced Funds
Doobia Jones Ranking Unranked
Board of Directors
  • Israel Titi Ofei (Chairman)
  • Daniel Ogbarmey Tetteh
  • Nii Ampa-Sowa
  • Robert Ebo Hinson
  • Bill Buenar Puplampu
  • Rosalyn Darkwa
  • Eudora Hilda Koranteng
Auditors Baker Tilly Andah + Andah, Chartered Accountants, C645/3, 4th Crescent, Asylum Down, Accra.
Custodian Stanbic Bank Ghana Limited, Head Office branch, P. 0. Box 2344, Cantonments Accra, Ghana
Trustees
Registered Office 61 Barnes Road, Adabraka, Private Mail Bag, Ministries Post Office, Accra.
Place of Business 61 Barnes Road, Adabraka, Private Mail Bag, Ministries Post Office, Accra.
Bankers
  • Guaranty Trust Bank (Ghana) Limited
  • Stanbic Bank Ghana Limited
  • United Bank for Africa Limited
  • Zenith Bank Ghana Limited