If you’re searching for UAP Unit Trust in Uganda, you may now encounter the investment funds under the Old Mutual name.
Through Level Africa, investors can currently access two Old Mutual Unit Trust options:
- Old Mutual Money Market Fund
- Old Mutual Umbrella Trust Fund
Both are UGX-denominated investments with a minimum starting investment of UGX 100,000, but they are designed for somewhat different investment needs.
As of July 2026, the Old Mutual Umbrella Trust Fund reported a 12.98% July yield, while the Old Mutual Money Market Fund reported 12.66%.
This guide explains the Old Mutual Unit Trusts available through Level Africa, their latest returns, minimum investment and how they compare.
Old Mutual Unit Trust Interest Rates in Uganda
| Old Mutual Unit Trust | Latest Yield | Minimum Investment | Currency |
|---|---|---|---|
| Old Mutual Umbrella Trust Fund | 12.98% | UGX 100,000 | UGX |
| Old Mutual Money Market Fund | 12.66% | UGX 100,000 | UGX |
Last updated: July 2026
Both figures are based on the respective July 2026 fund fact sheets.
The Umbrella Trust Fund reported a 12.98% July yield against an 8.90% benchmark, while the Money Market Fund reported 12.66% against a 10.01% benchmark.
These are investment performance figures and should not be interpreted as guaranteed fixed interest rates.
Old Mutual Umbrella Trust Fund
12.98% July Yield
The Old Mutual Umbrella Trust Fund is designed to generate current income while preserving investor capital.
July 2026 yield: 12.98%
Minimum investment: UGX 100,000
Minimum top-up: UGX 100,000
Currency: UGX
Risk profile: Low
Management fee: 2%
Liquidity: T+2 according to the July fact sheet
The fund is positioned for medium- to long-term investment.
It invests in fixed-income securities including:
- Treasury Bills
- Treasury Bonds
- Corporate bonds
- Fixed deposits
The July 2026 fact sheet reported approximately UGX 4.033 trillion in fund size.
Old Mutual Umbrella Trust Fund Performance
The July fact sheet reported:
| Period | Fund Return | Benchmark |
|---|---|---|
| July 2026 | 12.98% | 8.90% |
| Quarter-to-Date | 12.81% | 9.34% |
| Year-to-Date | 12.83% | 9.94% |
| Since Inception | 11.97% | 10.24% |
Past performance does not guarantee future returns.
Old Mutual Money Market Fund
12.66% July Yield
The Old Mutual Money Market Fund has a different investment objective.
It is designed to generate current income while maintaining liquidity and protecting capital.
July 2026 yield: 12.66%
Minimum investment: UGX 100,000
Minimum top-up: UGX 100,000
Currency: UGX
Risk profile: Medium
Management fee: 2%
Liquidity: T+2 according to the July fact sheet
Benchmark: Uganda 91-Day Treasury Bill
The fund can invest in interest-bearing securities including Treasury Bills, Treasury Bonds, corporate notes, fixed deposits and cash-on-call deposits.
Old Mutual Money Market Fund Performance
| Period | Fund Return | Benchmark |
|---|---|---|
| July 2026 | 12.66% | 10.01% |
| Quarter-to-Date | 12.91% | 10.02% |
| Year-to-Date | 12.39% | 10.44% |
| Since Inception | 11.19% | 10.09% |
The July 2026 fact sheet reported a fund size of approximately UGX 45.655 billion.
Old Mutual Money Market Fund vs Umbrella Trust Fund
Although both are Old Mutual Unit Trusts, they aren’t identical investments.
| Money Market Fund | Umbrella Trust Fund | |
|---|---|---|
| July 2026 Yield | 12.66% | 12.98% |
| Minimum Investment | UGX 100,000 | UGX 100,000 |
| Minimum Top-up | UGX 100,000 | UGX 100,000 |
| Currency | UGX | UGX |
| Risk Profile | Medium | Low |
| Investment Horizon | Short-term | Medium- to long-term |
| Liquidity stated by fund | T+2 | T+2 |
| Management Fee | 2% | 2% |
The Umbrella Trust Fund currently has the slightly higher headline yield.
But that doesn’t automatically make it the better choice.
The main distinction is what the investor wants the money to do and how long they intend to invest it.
What Is the UAP Unit Trust Interest Rate?
If you’re searching for the current UAP Unit Trust interest rate, there isn’t one single rate.
There are different Old Mutual funds.
As of July 2026:
Old Mutual Umbrella Trust Fund – 12.98% July yield
Old Mutual Money Market Fund – 12.66% July yield
These figures can change as the funds’ underlying investments and market conditions change.
How Much Could You Earn?
Suppose you invest:
UGX 10,000,000
If your investment generated a hypothetical 12.66% return over one year, that would represent approximately:
UGX 1,266,000
in investment growth.
At 12.98%, the equivalent illustration would be:
UGX 1,298,000
These examples are simple illustrations before applicable fees, taxes or other factors.
They should not be interpreted as guaranteed future returns from either Old Mutual fund.
Is Old Mutual the Best Unit Trust in Uganda?
There isn’t one Unit Trust provider that is automatically best for every investor.
Old Mutual funds should be compared with the other Unit Trust opportunities available through Level Africa from:
- Cornerstone
- ICEA
- SanlamAllianz
For example, the Cornerstone Income Fund reported a 15.27% effective annual yield for July 2026, while ICEA’s Money Market Fund reported 12.1% one-month performance.
But these figures aren’t all reported using identical methodologies.
Rather than simply choosing the highest percentage, compare:
Return + Risk + Liquidity + Investment Strategy + Currency + Investment Period
Old Mutual vs ICEA Money Market Fund
Investors specifically looking for a Money Market Fund can compare Old Mutual and ICEA.
| Old Mutual Money Market Fund | ICEA Money Market Fund | |
|---|---|---|
| Latest headline figure | 12.66% July yield | 12.10% 1-month performance |
| Minimum investment | UGX 100,000 | UGX 100,000 |
| Minimum top-up | UGX 100,000 | UGX 100,000 |
| Currency | UGX | UGX |
| Management fee | 2% | 2% |
| Benchmark | 91-Day Treasury Bill | 91-Day Treasury Bill |
The figures are not necessarily calculated using identical methodologies, so investors should avoid treating this as a pure percentage ranking.
Who Might Consider the Old Mutual Money Market Fund?
The Money Market Fund may be worth considering for investors prioritising:
Shorter-Term Investing
Old Mutual specifically describes the fund as an investment vehicle for short-term investments.
Liquidity
The July fact sheet states T+2 liquidity.
Capital Preservation
The fund’s objective includes protecting investor capital while generating current income.
UGX Investing
The fund is denominated in Uganda shillings.
Who Might Consider the Old Mutual Umbrella Trust Fund?
The Umbrella Trust Fund may be relevant for investors looking for:
Medium- to Long-Term Investing
Old Mutual explicitly positions the fund for a medium- to long-term investment horizon.
Income
The fund seeks to maximise current income.
Fixed-Income Exposure
Its portfolio invests across government and other fixed-income securities.
Capital Preservation
Preserving capital forms part of the stated investment objective.
How to Invest in Old Mutual Unit Trusts Through Level Africa
You can access the available Old Mutual Unit Trusts digitally through Level Africa.
1. Create & Verify
Create your Level Africa account and complete verification.
2. Fund Wallet
Add money to your Level wallet.
3. Choose Your Fund
Compare the Old Mutual Money Market Fund and Umbrella Trust Fund with the other Unit Trust opportunities available through Level Africa.
4. Invest & Track
Choose your investment amount, complete the investment and track it through your Level account.
Explore Old Mutual Unit Trusts
Compare the Old Mutual Money Market Fund and Umbrella Trust Fund with other Unit Trust opportunities available through Level Africa.
Frequently Asked Questions
What is the UAP Unit Trust interest rate in Uganda?
For July 2026, the Old Mutual Umbrella Trust Fund reported a 12.98% yield, while the Money Market Fund reported 12.66%.
What is the Old Mutual Unit Trust interest rate?
There isn’t one rate because Old Mutual has different Unit Trust funds. The July 2026 figures were 12.98% for the Umbrella Trust Fund and 12.66% for the Money Market Fund.
How much do I need to invest?
Both Old Mutual funds compared here have a minimum investment of UGX 100,000.
What is the minimum top-up?
Minimum top-up of UGX 100,000 on Level Africa
Which is better: Old Mutual Money Market or Umbrella Trust Fund?
They have different investment objectives. The Money Market Fund is positioned for shorter-term investing, while the Umbrella Trust Fund is positioned for medium- to long-term investing.
Are Old Mutual Unit Trust returns guaranteed?
No. Investment performance can change and past performance doesn’t guarantee future returns.
Can I invest online?
Old Mutual Unit Trust opportunities available through Level Africa can be accessed through Level Africa’s digital investment process, subject to onboarding requirements.
Can I withdraw my investment?
Both Old Mutual Unit Trust are T+3 liquidity, on Level Africa subject to the applicable redemption requirements.