The National Mutual Fund Ltd. (NMF), an investment institution managing collective investments structured as Unit Trusts, started as a joint venture between local insurance companies and some government controlled companies in 1990.
With the aim of encouraging savings by the Mauritian population, NMF set up two funds, the NMF General Fund and the NMF Property Trust which are both constituted under the NMF Unit Trust. The latter is authorized under the Unit Trust Act 1989 and was established by a Trust Deed on 30 May 1990.
With these two funds under its belt, the company has been managing the money of a large, well-spread and loyal client base since its inception.
As of January 2010, Mauritius Union Assurance Company Limited (MUA) became the major shareholder of NMF Ltd, after acquiring 95.71% of the issued share capital and consolidating its initial 2.86% holding in the company. Following this transaction, the NMF Funds are now being managed by the in-house Investment Team, which already has experience in the management of MUA investment portfolios and of two unit-linked funds, branded as ‘Investment Plus’.
To invest, please click here.