First Atlantic Personal Investment Plan
First Atlantic Personal Investment Plan(PIPS) is an open-ended mutual fund scheme managed by First Atlantic Asset Management Company Ltd. The scheme is an investment vehicle established to invest in equities listed in the Ghana Stock Exchange, money market and fixed income instruments.
First Atlantic Personal Investment Plan(PIPS) was set up to help individuals secure their financial future
First Atlantic Personal Investment Plan Prices (Updated):
Benefits:
> Diversified portfolio: the fund helps to reduce the risk of exposure to one company or security and also helps investors to access a diversified portfolio of investments.
> Balanced approach to investing: the PIPs provides Risk and Returns in equal measure by giving you growth potential of equity securities and relative safety and income generation of fixed income securities. During times of market downturns, balanced funds tend to suffer smaller losses when compared with equity funds.
> Reduce the need to own multiple funds: It removes the need to invest in separate equity funds and bond funds.
> Expertise: Investors will benefit from FAAM’s professional fund management team.
> Ease and Flexibility: A variety of channels are available for top up such as the FAB Mobile App, Mobile Money, USSD Code, and all FAB branches nationwide.
Features:
> Initial Contribution: GH¢ 50.00
> Minimum top-up amount: GH¢ 20.00
> Tenor: The recommended holding period for PIPS is at least three years
or longer to maximize your gains.
> Fees Structure
– Management Fee: 1.0%
– Front Load/Entry Fee: None
– Exit Fee : 3% under 1 yr, 2% under 2yrs and 1% under 3yrs and 0%
after 3yrs
Frequently Asked Questions:
The fund mobilizes the savings of shareholders into a big pool and invests these funds on their behalf. The fund earns from capital appreciation of equities, interest, coupons from fixed-income investments, and dividends paid from equities. The fund will then reinvest all earnings back into the fund.
An investor can invest on a daily, weekly or monthly basis or how often the investor wants to invest.
The fund shall invest in equity, fixed-income, and money market securities.
First Atlantic Personal Investment Plan is suitable for individuals of all ages, associations, investment clubs, corporate institutions, provident and pension funds that are:
• Seeking to meet long-term financial needs.
• Seeking diversification in equity and fixed income investments.
There is no guaranteed return on the Fund. However, the Fund seeks to outperform the benchmark of 50% GSE Composite +50% average 182-day Treasury Bill. In our quest to achieve the best for shareholders, we are guided by rigorous asset selection and risk management criteria.
“Please refer to our current fact sheet for the performance of the fund. You can access the fact sheet on our website, www.faam.com.gh You can also call on 0302200116 for assistance.”
All investments carry some degree of risk. e potential risks associated with PIPs are:
> Credit risk: the possibility that the issuer of a security may be unable to make interest payments and/or repay the principal on its debt.
> Equity depreciation: the possibility of a drop in the value of equities purchased by the PIPs
> Interest rate risk: fluctuations in the value of a fixed income security resulting from changes in the general level of interest rate in the economy.
Yes. A contract note will be made available to you anytime you top up your investments. Additionally, quarterly statements as well as a performance report will also be made available to all shareholders annually.
Yes. You will be required to complete a withdrawal form available at any of our FAB Branches. e forms can also be downloaded from www.faam.com.gh. and submission is done in person or via email to clientservice@faam.com.gh.
Via cash or cheque at the office of First Atlantic Asset Management Company Limited, located at #3 Dr. Isert Street, North Ridge, Accra.