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    M&G Balanced Fund Tax-free

    Latest Price


    Who Should Invest

    This medium-risk fund is ideal for investors who want steady long-term growth of their capital and income from a diverse portfolio of actively managed South African and global assets, with all growth in the underlying investment fully exempt from any tax on interest, rental income, dividends or capital gains. The fund is Regulation 28 compliant, making it suitable for building up long-term retirement capital.  

    Risk Profile

    Medium Risk

    Investment Objective

    This fund aims to achieve steady long-term growth of capital and income by investing in a diversified combination of domestic and international assets, where the asset allocation is actively managed in the short term.

    • Tax Free
    • Medium Risk
    • Long-Term Growth



    All returns quoted are T-Class after fees and charges

    Min Lump Sum

    Investor Class (T): R10 000

    Min Debit Order

    Investor Class (T): R500 pm

    ASISA Category

    South African - Multi Asset - High Equity


    ASISA South African – Multi-Asset – High Equity Category Average

    Regulation 28 Compliant


    Inception Date

    02 August 1999

    Income Distributions

    Distributed bi-annually


    Date Unit Price


    Initial Fees (excl. VAT):

    No initial fees charged

    Annual Management Fees (excl.VAT):

    Tax-Free Class (T): 0.80%

    Additional underlying foreign fund fees are dependent on the fund and are included in the TER

    • Fund Return

    • Benchmark Return

    • Outperformance

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    Fund Management Approach

    This fund uses an active global asset allocation strategy and superior stock selection through a long-term valuation-based approach to beat its benchmark, with controlled risk exposure. The intended maximum limits are: Equity: 75%; Listed Property: 25%; Foreign: 30%; Africa (excl. SA): 5%

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