Fund Overview
Sumana fund by Arima Fund Limited is a privately offered investment opportunity that seeks to offer guaranteed and higher returns of up to 20%pa, than what is generally available in the traditional market.
Depending on the fund performance in various portfolios in which the fund invest in, the governance committee in its discretion my also declare a Discretionary Return (in percentage) to the investors in the Sumana fund above the ROI.
Sumana Fund is a tailor-made and structured investment vehicle with more improved features and long-term benefits that give both individuals and institutional investors a portfolio shift and long-term investment opportunity from our initial offering, namely the 15% Fixed Return Fund that has been in existence since 2014.
Sumana Fund seeks to invest in more lucrative ventures and opportunities both inside and outside Kenya. These include well-performing stocks in and outside Kenya, Government securities-T Bills/Bonds, Corporate bonds, Property and recently Agriculture, with the objective of enabling its members to achieve financial stability, security and independence.
Governance Documents of the Fund:
Subscription/Investment Agreement
The Subscription/Investment Agreement, which sets out the details, terms and conditions of the investment, and also
Investment Policy Statement IPS
The Investment Policy Statement IPS, which guides the investment mandate and the types of investments that the fund invests in.
Current Sumana Fund Rates
| Fund Type | Return On Investment (ROI) p.a | Minimum Tenor |
|---|---|---|
| Sumana15 | 16% | 15 Months |
| Sumana24 | 18% | 24 Months |
| Sumana36 | 20% | 36 Months |
Benefits of investing in the Sumana Fund
Higher Returns
Returns in the Sumana Fund are high and guaranteed. With the prevailing performance of the economy and higher bank rates, choosing an investment vehicle that is secure and offers guaranteed returns is thus crucial. Sumana Fund therefore offers the solution to prospective investors looking for a place to invest with minimal risks while earning higher interests that beat the inflation levels.
Economies of Scale
At Sumana Fund, members enjoy and have the opportunity to invest in more strategic ventures by pooling their resources together. With the economies of scale, we invest in more lucrative opportunities not easily accessible by individuals going alone.
Strong Internal Management
Arima Fund is managed by a team of experienced individuals with a long-standing history in the investment market and portfolio management and has a well-established Governance Committee in place to oversee its investment, as well as a dedicated Secretariat to manage its day-to-day operations.
Experience and Exposure
Investments in partnership with ACTSERV provide Arima Fund Limited with unique investment opportunities and research. ACTSERV has a proven track record as an Actuarial Consultancy firm with over 2 decades of business visibility in 13 African countries and 350Bn worth of Assets under advice.
Administration
Arima members can view, access and download their individual statements, including records of contributions and earnings distribution, via the Arima Website’s Member Portal.
Key Objectives of the Sumana Fund:
Sumana Fund Structure
Below are the key items to note about the structure and return of the Sumana Fund:
| Particulars | Details |
|---|---|
| Issuer: | Sumana Fund by Arima Fund Limited |
| Arrangers and Placing Agents: | ARIMA Fund Limited by ACTSERV EA |
| Transaction Description: | The issue of up to Kenya Shillings Two Hundred Million (KES. 200,000,000.00/-) |
| Issue Amount (Initial Batch): | Kenya Shillings One Hundred Million (KES. 100,000,000.00/-) |
| Fund Currency: | Kenya Shillings (KES) |
| Minimum Investment: | Open (Kenya Shillings) |
| Issue Date (Fund Value Date): | Open |
| Maturity Date/Lockup Period: : | 15 Months; 24 Months and 36 Months (for both Principal & Additional contributions/Top-ups) |
| Fund Return (ROI): | Depend on the Minimum Tenor Period (See Fund rate above) |
| Interest Accrual: | Daily accrual |
| Interest Payments: | Daily on member statements |
| Default Interest | None i.e. Funds can only be redeemed upon expiry of Lockup Period |
| Fund Redemption | Upon expiry of Lockup Period |
| Fund Withdrawal/Liquidation: | Upon expiry of Lockup Period (for both Principal & Additional contributions/Top-ups) |
| Addition Contributions/Top-up | Any Amount (Also locked and matures after Minimum Tenor period) |
How to invest in the Sumana Fund
Investing in the Sumana Fund is faster, and easier and can be done in these simple steps:
- Read the product overview
- Fill in the Investment Agreement Form
- Deposit Funds in Arima Fund Limited Paybill/Bank Account (We don’t take Cash)
- Receive Business Confirmation for investments of Ksh 100,000.00 and above or Investment Acknowledgment for investments below Ksh 100,000.00.
