We will charge an annual management fee of less than 2% of assets under management. To illustrate, if you start with UGX 10,000 at the beginning of the year and this investment earns 20% (or UGX 2,000) return that year so that your ending balance is UGX 12,000. We will compute the average balance in the account that year to be 11,000 (= (10,000+12,000)/2). The total management fee will be UGX 220 for that year (i.e. 2% of UGX 11,000). This comes to roughly UGX 18.33 per month. Fees are exclusive of VAT.
What does it cost?
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