Carefully read the Terms and Conditions stated below
You will be required to top up your mutual fund account with a minimum of GHC 50.00 within two business days of receiving your account number. Top-ups can be done online, via mobile money, through a Databank branch or partner location, or through any of our partner banks (Absa, Access, Fidelity, GCB, GTBank, Standard Chartered, UBA and Zenith Bank). The account will be deactivated if you have not made a deposit into your account within the stipulated time frame.
Databank Epack Investment Fund (Epack) seeks to accumulate capital for its investors by investing in stocks listed on regulated stock markets. The recommended minimum holding period for each investment in the Fund is three years. Withdrawals on deposits made within the first three years will attract an exit load (fee) ranging from 1% to 3%. Returns on Epack are in the form of capital gains or losses. Clients receive proceeds of their disinvestment after five (5) working days’ notice.
Databank Money Market Fund (MFUND) seeks to provide high current income consistent with the maintenance of liquidity and preservation of capital. Mfund invests in high quality, short-term debt instruments and attracts a front-load fee of 1%. Returns on MFund are in the form of interest. Clients receive proceeds of their disinvestment after one (1) working day.
Databank Balanced Fund (BFund) seeks to provide growth of capital and current income. The Fund invests in high-quality fixed-income instruments and stocks listed on regulated stock markets. The Fund charges a front-load fee of 1%. Returns on BFund are in the form of interest and capital gains/losses. Clients receive proceeds of their disinvestment after five (5) working days.
Databank Ark Fund (Ark Fund) seeks to achieve capital growth and income by investing in a diversified portfolio of shares, fixed-income securities and private equity. The Fund attracts a front-load fee of 1%. Returns on the Fund are in the form of interest and capital gains/losses. Clients receive proceeds of their disinvestment after five (5) working days.
Databank Educational Investment Fund (EdIFund) seeks to help people invest toward their educational needs by investing in fixed-income securities and equities in Ghana and across Africa using a two-tier structure. Tier 1 is for investors with short-term educational needs and has a recommended minimum holding period of 3 months. Tier 2, which has a recommended minimum holding period of 5 years, is designed for investors with longer-term educational needs, and offers an embedded life and total permanent disability insurance cover that will match funds held in Tier 2 to a maximum of GHC 20,000. The Fund agrees to adhere to the claims procedures set out in the insurance policy and will make claims due on behalf of clients. The Fund charges a front-load fee of 0.75% for Tier 1, and an exit load (fee) ranging from 1% to 5% for Tier 2. Clients receive proceeds of their disinvestment after 1 working day for Tier 1, and 5 working days for Tier 2. The value of all Databank mutual funds may rise and fall. Past performance does not guarantee future returns. Gains/losses are realized only upon disinvestment. Please read the Scheme Particulars of the appropriate Fund (s) before investing.
