Oasis Crescent Income Fund - Tax Free
SUMMARY INFORMATION
Sector: South African Multi Asset-Flexible
Type: Low Risk
Launch Date: 31 March 2010
Minimum Monthly Investment: R 2,750
Minimum Lump Sum Investment: R33,000
Custodian: Standard Bank of South Africa Ltd.
PORTFOLIO MANAGER
Adam Ebrahim B.Soc.Sc. (Hons), CA (SA), CFA
The Oasis Crescent Income Fund is a Shari’ah compliant fund. The Oasis Crescent Income Fund is a specialist income portfolio. The primary objective is to provide income from the underlying investments. To achieve this objective, the portfolio consists of a combination of south african and global short-term, medium-term and long-term income generating securities permitted by the Collective Investment Schemes Control Act under Notice 90 of 2014.
The portfolio may also include participatory interests or other forms of participation in collective investment scheme portfolios where such collective investment scheme portfolios are generating periodic income flows. Where the aforementioned portfolios are operated in territories other than South Africa, participatory interests or other forms of participation in these portfolios will be included in the portfolio only where the regulatory environment and investor protection provided is of an international standard and is to the satisfaction of the manager and trustee. The Trustee ensures that the investment policy set out in the supplemental deed is carried out.