In our guide today, we will briefly discuss the Absa balanced fund in South Africa.
This fund gives you steady growth of current income and capital.
The fund is actively managed and invests in selected JSE-listed shares and exposes you to multiple asset classes.
First, we will show you the documents required to apply for the balance bond.
What Are The Requirements
Below are the basic requirements to apply for this fund:
- You must have a South African ID signed three times
- A certificate if you are below 18 years
- Proof of address such as a lease or rent agreement not older than three months
- You must have your tax number or that of a guardian if you are not of the legal age
- Poof of income If you are not an Absa client
These are the requirements to apply for the Absa balanced fund in South Africa.
Absa Balanced Fund
The fund is under the SA multi-asset medium equity.
The fund manager seeks to achieve an investment medium for portfolio investors.
The main aim of this fund is to ensure steady growth of income and capital to a reasonable level of current income and the maximum possible stability for capital invested.
Absa balance fund uses an active asset allocation strategy by investing in selected JSE-listed shares, quoted property trusts, bonds, money market, and international assets.
It is managed according to the guidelines set out in regulation 28 of the act and is suitable for retirement funds investments.
The minimum lump sum investment is R2 000, and the minimum monthly investment is R200.
These are the features of the Absa balanced fund in South Africa.
What Are The Risks
The value of fixed-income investments may decrease when interest rates are low.
The funds are subject to possible financial losses in multiple markets and underperform more focused funds.
The prices usually rise and fall in response to various factors like local, regional, and national economic and political conditions.
This is all you need to know about the Absa balanced fund in South Africa.