In its bid to create wealth, Galaxy capital, the investment subsidiary of the Galaxy Group has launched a new investment product.
The Galaxy Capital fund is geared towards meeting the needs of individual especially the middle and lower income earners in the country.
The fund according to the Chief Executive Officer of Galaxy Capital, Samuel Bright-Kaitoo is open to all and does not require high income to be able to invest.
‘‘This new Galaxy Capital fund is in two parts. The Galaxy Money Market fund which seeks to preserve capital and grow income; and the Galaxy Balanced Fund which seeks to achieve sustainable growth in capital and income by investing in equities and fixed income securities’’, he noted.
To be a part of this investment, Mr. Bright-Kaitoo indicated that an individual needs just GH¢50 to become a shareholder, with a minimum fee of GH¢10 every month.
“The money market fund is a short term investment fund, where we give people the opportunity to invest and hold their funds for a minimum of three months which is ninety one days. And then after, one can access his or her funds. There is no way an investor will lose his or her fund,” he added.
He stated that the fund among other things, seeks to preserve capital and grow income while providing liquidity by investing in a diversified portfolio of fixed income securities in the short term.
‘‘The fund is designed and structured to take full advantage of the tax incentive provided by the internal Revenue Act 2000(Act 592) to mutual funds and unit trusts. This is to allow the Fund as well as investors an opportunity to maximize their returns from their investment in the fund’’, he stated.
Mr. Bright-Kaitoo urged Ghanaians to take advantage of this opportunity to invest in the fund for a secured future.
Receiving agents of the Galaxy fund are Calbank and Zenith Bank Ghana Limited.