What Is A Mutual Fund?
A mutual fund is a pool of money invested by people with similar investment objectives. People who invest
money become unitholders of the mutual fund (“Unitholders”). Unitholders share the mutual fund’s income,
expenses, and any gains or losses the mutual fund makes on its investments in proportion to the number of the
units they own.
The value of an investment in a mutual fund is realised by redeeming the units held. Where a mutual fund issues
more than one class, Unitholders share in the mutual fund’s income, expenses and any gains and losses allocated
to the Unitholders’ class generally in proportion to the units they own as of that date.
The GuyAm Bank’s SmartStart program is specially crafted to grow alongside your child. It allows parents or guardians to invest in Mutual Funds on behalf of their child. It is a long-term commitment that may play a crucial role in ensuring their financial independence.
At the age of 18, your child will be able to gain full access to these investments through a conversion process. The minimum amount required to start a Smart Start account is GYD 25,000, we wholeheartedly understand the significance of instilling solid money habits right from the beginning.
To open a SmartStart account, parents/guardians are kindly requested to provide the following documents:
+592-223-5193-5 | +592-698-8555
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