Reserve Trusts are Savings Trusts for upwardly mobile people who want to set aside funds in a short-term Trust attached to a specific purpose or intended for specific beneficiaries. The minimum investment tenure is 6 months and it is interest bearing.
• It is a savings plan that doubles as a Trust.
• The savings/ contributions fund the Trust.
• It works like a mutual fund/ collective investment scheme.
• There is a minimum investment tenure of 6 months.
• The investment is interest-bearing.