By Valentine Oforo
THE Watumishi Housing Investments (WHI) plans to
implement an array of strategies meant to heighten the scope of investors and
profits in its excelling collective investments scheme (CIS), Faida Fund.
Among others, this year’s vision is to upscale the
fund size to a substantial 30bn/ as well as pushing the total number of
investors beyond the current 3,524.
With few years since it’s inception, the open-ended
scheme run by the country’s state –owned fund manager has so far fetched
remarkable milestones to the tune of solidifying its position as a thriving
investment platform.
Giving an interview to ‘Semamedia’, the WHI Head of
Investment Unit, Paskali Massawe said the foreseen plans incorporate effective
marketing strategies to expand the fund’s outreach.
“Faida Fund will soon launch an extensive
marketing campaign, through both digital and traditional channels with an eye
to reach a wider audience and attract new investors into the fold, pushing the
total number of investors beyond the current 3524,” she unveiled.
Together with that, Massawe expressed that plans are
also afoot to explore new avenues for investment onto the fund, added: ”
This includes identifying emerging sectors and markets with growth potential
while maintaining a vigilant approach to risk management,”
To help attract more potential investors, He
communicated that Faida Fund will roll out an extensive investor education
program, providing in-depth materials and hosting seminars to ensure informed
decision-making among current and prospective investors.
“The other intervention,” Massawe informed,
will base on efforts to further strengthening partnerships and collaborations
within the financial industry.
“The fund seeks to leverage collective
resources and expertise for mutual benefit, fostering a collaborative
ecosystem,” he insisted.
And with a keen focus to help maximizing returns,
Faida Fund will continuously monitor and optimize its existing investment
portfolio, the proactive approach which aims to enhance performance and uphold
prudent resource management practices, according to Massawe.
With a total fund size now reaching a formidable
19,557,709,707.20 Faida Fund has shown exceptional financial strength, with the
Net Asset Value (NAV) stands at an impressive 110.7900, underscoring the fund’s
commitment to delivering value to its investors.
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| WHI Head of Investment Unit, Paskali Massawe |
So far, the profit distributed to investors has
reached an admirable 1.3 bn/-, showcasing tangible returns for those who
entrusted their investments with Faida Fund.
“This distribution reflects the fund’s
dedication to providing lucrative opportunities for its growing investor
base,” he added.
Giving more observations, the WHI’s Investment head
expressed that in a financial landscape marked by uncertainties, Faida Fund’s
steadfast growth and strategic plans make it a standout choice for investors
seeking stability and lucrative opportunities. As the fund navigates the path
to a 30 billion fund size, it remains a beacon of success in the world of
investments.
As Faida Fund embarks on this ambitious journey, it
positions itself as a beacon of growth and stability in the financial realm.
With a meticulous blend of strategic initiatives,
the fund is poised to not only achieve its 30bn/- target but also redefine the
landscape of investment opportunities for its stakeholders. Investors, both
current and prospective, can anticipate a dynamic and promising future with
Faida Fund at the helm of financial innovation.
Faida Fund is an open-ended scheme, which seeks to
create wealth to Tanzanians particularly to middle and low-income groups
through investments in units to obtain competitive return through capital
growth; and enhance the culture of savings in the financial assets.
