Become a member today
The investment club is open to any old boy of Busoga College Mwiri, who has impetuous passion for Mwiri and commited to pay for the allotted 250 shares at the rate of UGX 20,000 per share.
The fund is to be invested in a pre-determined investment portfolios to generate devidends that are shared using a payout ratio system.
Investment regularly asked questions/FAQs
It is an investment scheme which pools contributions from old boys of Busoga College Mwiri with a common investment objective. The pooled funds are then used to invest in ventures that offer sound returns on investment.
The fund is managed by a team of professionals with rich experiences in the investment fields.
What sort of investment ventures does fund managers invest upon receipt of monies from members?It is an investment scheme which pools contributions from old boys of Busoga College Mwiri with a common investment objective. The pooled funds are then used to invest in ventures that offer sound returns on investment.
The management is legally instituted and picked from amongst the old boys of Busoga college Mwiri on a termly basis with good track record, honesty, transparence and accountable
What is the current minimum contribution amount?Each memeber is expected to contribute UGX 5,000,000 for the purchase of the allotted 250 shares at UGX 20,000 per share .
Is there any hidden tax obligation on the fund?The fund does not pay tax on its income, either from dividends or interest.
Does not attract pay tax on capital gains
The rate of return on your contribution depends on the following factors
The fund is to be invested in some pre-determined investment portfolios to generate dividends that are shared using a payout ratio system on amount contribution by each member at the time of declaration of returns
What should I know before joining the investment club?To align your interest and expectation with the objectives of the club. You need to consider certain factors before taking the decision to invest. You need to determine what your investment objective is, your risk appetite, your investment horizon and possibly whether you will need the money in the short or long term.
Are there any underlying risks in investing in Busoga College Mwiri Old Boys Investment Club?Generally, the level of investment return is related to the level of risk incurred by any investment.
i.e the higher the potential risk, the greater the potential return.
As managers of the fund we shall strive to invest in less risk ventures to uphold member’s equity
Management adopted the use if ICT as a driver for finacial management and encourages all members to register on self service portal to access the service.
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