March 2025 Unit Trust Update – UAP Old Mutual Money Market Fund Performance and Strategy

The UAP Old Mutual Money Market Fund returned 10.90 percent in March 2025, continuing to offer investors a dependable and accessible way to earn income on short-term savings. With inflation easing and yields remaining competitive, this fund stands out as a strong choice for individuals and businesses looking to preserve capital and stay liquid.

Fund Overview

The Money Market Fund, managed by UAP Old Mutual Investment Group – Uganda, is ideal for those seeking stable, short-term returns with minimal risk.

Key facts as of March 2025:

Fund Size: UGX 11.349 billion
Minimum Investment: UGX 100,000
Top-Up Amount: UGX 100,000
Liquidity: T+2 (two business days)
Risk Profile: Medium
March 2025 Yield: 10.90 percent
Benchmark: 91-day Treasury Bill (closed at 10.341 percent)
Management Fee: 2 percent
Initial Fee: 0 percent
Fund Inception: 20 August 2013

Performance Summary

The fund has consistently outpaced its benchmark, providing reliable growth for short-term investors.

Period	Return (%)	Benchmark (%)
March 2025	10.90	10.34
Quarter to Date	11.06	10.38
Year to Date	11.17	10.47
Since Inception	11.08	9.97

What the Fund Invests In

The fund invests in a mix of short-term, interest-bearing assets designed to maximize safety, yield, and access.

Asset allocation as of March 2025:

Treasury Bonds: 33.98 percent
Treasury Bills: 29.89 percent
Corporate Paper: 26.20 percent
Fixed Deposits: 5.14 percent
Cash & Call: 4.70 percent

Maturity profile:

52.02% matures in under 3 months
10.44% matures in 3 to 6 months
3.77% matures in 6 to 9 months
33.77% matures above 12 months

This structure ensures the fund is always liquid and ready to respond to interest rate changes quickly.

Why This Fund Matters for Ugandan Investors

In March, the Uganda shilling appreciated by 0.47 percent, closing at UGX 3,662.55. The gain was supported by strong coffee exports and renewed interest from foreign investors in Uganda’s bond markets.

Treasury yields dropped during the quarter:

91-day T-bill: 10.341 percent
182-day: 12.453 percent
364-day: 14.638 percent

Inflation also declined to 3.4 percent, supported by falling food and transport costs.

Against this backdrop, the Money Market Fund’s 10.90 percent yield gave investors:

Higher returns than most bank deposits
Quick access to cash (within 2 business days)
Capital preservation in a declining inflation environment
A flexible tool for short-term planning

How to Invest with Level Africa

You can invest in just a few easy steps:

Create an account at Level Africa
Upload your National ID or Passport
Go to the Unit Trusts section
Select the UAP Old Mutual Money Market Fund
Deposit funds into your wallet
Place your investment order
Track your performance from your dashboard

Final Thoughts

The UAP Old Mutual Money Market Fund continues to deliver steady, low-risk returns while keeping your money accessible. Whether you’re saving for a near-term expense or looking to grow idle funds, this fund is a smart place to park your cash.

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Frequently Asked Questions

What is a money market fund?

It’s a type of investment that focuses on short-term, low-risk securities like treasury bills, commercial paper, and fixed deposits.

How fast can I access my money?

You can withdraw funds within two business days (T+2), making it highly liquid.

Who is this fund for?

Salaried individuals, businesses, and anyone looking to grow cash reserves while avoiding long-term commitments or market volatility.

What’s the minimum investment?

Start with UGX 100,000, and you can top up anytime with the same amount or more.

Is this a safe investment?

Yes. The fund is regulated by the Capital Markets Authority and focuses on secure, interest-generating assets.

How does it compare to savings accounts?

It offers higher interest, easy withdrawals, and greater transparency on how your money is invested.

How do I invest through Level Africa?

Sign up at Level Africa
Upload your ID
Fund your wallet
Select the UAP Old Mutual Money Market Fund
Place your investment
Track your earnings from your dashboard