A Unit Trust is an investment vehicle, which enables small and large investors to pool their savings in a common fund, and enjoy the same high returns.
There are two funds available through Barita Unit Trust:
Assets in the Funds are 100% insured by an independent Trustee; First Caribbean International Securities Limited, however the price of units can fluctuate.
You will be buying units in the Fund. The minimum amount of units that can be purchased in each fund is 100 units.
Individuals seeking to open an account will need to complete and sign a Client Agreement form (also available at our offices) and provide us with a copy of their TRN#, a valid ID (driver’s license or passport), two (2) references, proof of address and the sum of money to be invested.
Yes you can. However, encashments for monies that have only been in the Fund for 45 days attract a 5% penalty while monies that have only been in the fund for 90 days attract a 3% penalty.
You are required to submit a valid ID, sign a Transfer Form, and then the encashment process will be done.
Yes, our Capital Growth Fund is Tax-Free, our Money Market Fund can earn tax-free status if it is held for 5 years, and only up to 75% of the interest earned is withdrawn every year.
The management fee for the Barita Money Market Fund is currently 3%, while the fee for the Barita Capital Growth Fund is 1.5%. These percentages are not deducted from your investment but are deducted from the pool of Funds when the money is being re-invested.