ttutc • funds • income_fund
TTD Income Fund
The TT$ Income Fund is the best investment for investors who want their money to earn high income but need quick and easy access to their cash, safety of capital, and high rates of income. The Fund provides the flexibility of withdrawal at anytime, yet pays higher returns without higher risks. Interest in the Income Fund is calculated and compounded daily and credited quarterly.
All or part of your investment can be withdrawn at any time as interest is earned for the period of retention. The minimum initial investment is TT$100. Subsequent investment purchases may be made with no minimum limits. There is no holding period and no service, sales or handling charges. Individuals over the age of sixty and institutions do not pay a withholding tax.
Price of IF Units
Each unit in the IF costs twenty dollars ($20.00). This price never changes. To open an account in the IF you must start with a minimum purchase of five (5) units for one hundred dollars ($100.00).
Daily Income Fund
You earn the highest income available while having access to your money anytime you need it. Income Fund is earned and compounded daily and credited to your account quarterly.
No Withdrawal Penalty
All or part of the funds in your account can be withdrawn at anytime without penalty.
Quarterly Distributions (In the Income Fund)
- September 1 - November 30
- December 1 - February 28
- March 1 - May 31
- June 1 - August 31
- December 1 - February 28
Rate of Income Fund
The rate of income for the fund is quoted at the start of every month and is intended to reflect the minimum earnings. You can in fact get more than the quoted rate if the fund makes more than expected. The rate is published daily so you can always know your yield.
Interest Earnings
You begin earning income as soon as your funds are received by the Unit Trust Corporation from our agents or over the counter and credited to your account. All sales received before 11:30 a.m. will be credited on the same day while all sales received after 11:30am will be credited the following working day. Interest is earned up to the day preceding withdrawal.
Withdrawals
All or part of your units in your account can be with drawn at any time during the year. Interest earned for the period of retention is credited to your account at the end of the particular quarter. There is no minimum holding period, however, if payment is made by cheque, the cheque must be cleared before any withdrawals can be made from the account.
Trinidad and Tobago Unit Trust Corporation