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HFC Future Plan (F-Plan)

This is a hybrid collective scheme set up in June 2009. The fund invests in short and long term instruments on the Ghanaian and other African Markets. The fund aims to provide tax free real returns in the form of capital appreciation and income by investing in equities, quasi equities and fixed Income. The Trust will invest in a wide range of listed companies across the spectrum of the economy.  This will lower the risk of the portfolio, whilst maximizing returns. The manager of the HFC F-Plan is obliged to buy-back units on demand of the unit holder, thus providing substantial liquidity to investors. Being a large professionally managed portfolio, F-Plan Trust incur proportionately lower trading commissions than individuals, which can translate into significantly better investments returns.

Read Our F-Plan FAQs below

What is the HFC Future Plan (F-Plan)?

The HFC FUTURE PLAN TRUST is a long term collective investment scheme that has dual objectives.  Its primary objective is to cultivate in the youth the habit of investing, whilst serving as an alternate investment vehicle for parents and guardians themselves.  Secondly the F-Plan invests mobilized funds into fixed income securities, shares of listed companies on the Ghana Stock Exchange and organized African Markets.  HFC Investments, a wholly-owned subsidiary of HFC Bank, manages this fund as part of its family of funds.


How different is the HFC F-Plan from the existing funds in the family?

The existing funds are the HFC Unit Trust, the HFC REIT and the HFC Equity trust.  The HFC Unit Trust invests mainly in money market instruments; the HFC REIT invests directly in the real estate sector, while HFC Equity Trust invests on the Ghana Stock Exchange. The HFC Future Plan Trust on the other hand invests in fixed income securities and listed shares on the Ghana Stock Exchange and other African Markets.


How does the HFC F-Plan Trust operate?

The trust mobilizes savings from individuals, groups, churches, charities and corporate bodies into a pool and invests such funds on behalf of members.  The minimum initial investment is GH¢50.00.

How can I invest in the Trust?


The Trust is open to groups, churches, charities and individuals who can afford the required minimum contributions.  Parents can also invest in trust for their children and dependants.



What are the payment methods?

Cash payments at all the HFC Bank branches.  Cheques can also be made payable to HFC F-Plan Trust.  Clients can institute standing orders with their bankers for monthly investments, for clients with accounts at HFC Bank, no transfer fee will be charged.



How are the funds invested?

The funds are invested mainly in shares of companies listed on the Ghana Stock Exchange and other regulated stock markets. In selecting securities for the trust, the investment manager considers the following among others:

  1. The manager’s own evaluation of the market value, cash flow, earnings per share and other fundamental aspects of the underlying assets and business of the company.
  2. The potential for capital appreciation of the securities
  3. The interest or dividend income generated by the securities
  4. The price of the securities relative to other comparable securities
  5. The diversification of the portfolio of the Trust

Who decides on where my money should be invested?


The fund manager is responsible for the selection of assets and the management of the portfolio.



What type of returns can I make from my investment?


Members of the fund will receive both capital gains/losses and income as the total returns from investing in the Trust.  Capital gain/loss is the difference between the market price of the unit and the purchase price.  E.g. if you bought a unit at GH¢100.00 and the current price is GH¢120.00, the capital gain is the GH¢20.00 difference.



How can I get out of the Trust completely or redeem part of my money?


Complete a redemption form and submit it duly signed with the correct number of units to be redeemed clearly stated.  The manager is obliged to redeem the units and make payments for them within a maximum of five working days at the prevailing bid price on the actual day of disinvestment as displayed by the manager.  Redemption of units shall be allowed, free of any charges three years after each investment.  Any surrender before the end of this period will attract penalties of 3.5% - 1.5%.  Redemptions made before one year elapse after the investment will attract 3.5% penalty, less than two years will attract 2.5% penalty, and between two to three years will also attract a penalty of 1.5% on the amount being withdrawn.



Can the Trust investment objectives be achieved?


The Trust will seek to achieve its objective of capital growth and current income but like other trust there can be no guarantee that the investment objective of the trust or its corresponding portfolio will be achieved.



Why is HFC F-PLAN Trust the fund of choice?



  • Good corporate governance:


The HFC Group is a listed company on the Ghana Stock Exchange with a wide shareholder base.  This provides a form of security for your funds.  The confidence of having access to your fund at any time lowers default risk.


  • No entry charges


HFC F-Plan has no entry fee.  Unlike other funds, the manager is able to absorb this due to economies of scale and scope enjoyed through the management of the largest number of funds in varied sectors of the economy.


  • Access to banking services


The HFC F-Plan Trust and its sister funds are the only funds among the funds in Ghana that are backed by a bank.  HFC Bank, being part of the group will provide you access to all the banking services that it provides for its customers.  Cheques issued for redemption of units can be cashed on the same day and same premises.



Are there any risks associated with the Trust?


The Trust may be exposed to the following risks:


  • Market Risk


Volatility in the prices of securities is inherent in investing in securities due to changes in the financial conditions in the financial markets.  Generally, investment in stocks carries greater risk than investment in money market instruments like treasury bills.  Therefore, returns on the F-Plan investment could be commensurately high.


  • Interest Rate Risk


Interest rate risk is the effect of interest rate fluctuations that can affect the current income of the Trust.  Macroeconomic instability and poor economic management can have an adverse impact on the performance of the Trust’s portfolio and ultimately the fund value.


  • Foreign Exchange Risk


Unit holders who purchase units using foreign currency may be subject to fluctuations in the base currency of the Trust, the Ghanaian Cedi.



How do I get information on my investment?


Periodic statements on the Trust and the individual holdings will be sent to you.  Usage of our online facilities, Phone calls and contact with the manager of the Trust can assist in this regard.



How can I monitor the performance of my investment?


Regular publications of the unit price of the Trust will be made available in the press and on this website.  Additional information will also be provided in the semi-annual reports on the Trust.



Are there any charges associated with the trust?


The Trust charges a management fee of 2.5% of the Trust value per annum.  Additionally, all expenses related to the operation of the Trust shall be directly charged to the Trust.



Account Log-in

Cherished Customer, Kindly Click Here to Check Your Balance or View and/or Print Statement.

Applicable for any of our four(4) funds: F-Plan, Equity Trust, Unit Trust, or REIT.

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