Tax-Free Investments

At Nedgroup Investments, we understand the importance of planning. Opening a tax-free investment in South Africa is a simple and effective way to save while enjoying the benefits of not paying tax. With no interest, dividends or capital gains tax, our Tax-Free Investments solutions ensure that your contributions go directly towards securing your financial future. You can invest up to R46 000 per year and R500 000 in your lifetime, and watch your savings grow through the power of compounding.

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Frequently Asked Questions

What is a Tax-Free Investment?

A Tax-Free Investment (TFI) is a flexible, long-term savings product that lets you invest in professionally managed unit trusts without paying tax on interest, dividends, or capital gains. All growth within the annual and lifetime limits is tax free, making it an efficient way to build wealth for retirement or other long-term goals, while keeping access depending on the investment structure.

Frequently Asked Questions

What are the minimums and maximums?

South Africans are allowed to invest up to R46 000 per year tax-free, and a maximum of R500 000 over their lifetime. Investors can open a Nedgroup Investments Tax-Free Investment account and contribute from as little as R250 per month or begin with a minimum lump sum contribution of R10 000.

Frequently Asked Questions

Who can invest?

All South African investors are eligible to invest in a TFI. Parents may invest in a TFI on behalf of their minor children.

Frequently Asked Questions

Can I withdraw?

Yes, withdrawals from a TFI are allowed. However, the amount withdrawn cannot be replaced, which makes TFIs best suited for long‑term investing rather than excessive short‑term access.

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Frequently Asked Questions

Read these FAQs to learn more about Tax-Free Investment (TFI) accounts in South Africa.

What is a Tax-Free Investment?

What are the minimums and maximums?

Who can invest?

Can I withdraw?

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Low risk High risk

Bravata Worldwide Flexible Fund

Medium - High Risk

Fund Managers

R2.6bn

AUM

Investment objective

Aims to maximise total returns for investors over the long term.

Exposure to equity, bond, money or property markets locally and abroad.

The asset allocation will be actively managed, reflecting the portfolio managers' view of asset class valuations.

Flexible Income Fund

Low Risk

Fund Managers

R17.3bn

AUM

Investment objective

The fund aims to achieve 110% of the STeFI Call Index over time.

Aim to avoid capital loss over 6 month periods.

Suitable for investors seeking enhanced money market returns.

Active asset allocation between cash, bonds, property and other fixed interest asset classes.

Stable Fund

Low - Medium Risk

Fund Managers

R16.5bn

AUM

Investment objective

To achieve returns in line with SA inflation + 4% over rolling three year periods while protecting against capital losses over rolling one year periods. Returns are expected to be delivered through both income and capital growth.

Opportunity Fund

Medium Risk

Fund Managers

R11.1bn

AUM

Investment objective

The fund aims to achieve moderate levels of capital growth in excess of inflation over the medium to long term. A secondary objective is to protect capital over rolling two-year periods.

Balanced Fund

Medium Risk

Fund Managers

R16.4bn

AUM

Investment objective

A multi-asset fund with the main objective of achieving long term capital growth, while protecting against capital loss. Returns are expected to be delivered through capital growth and moderate levels of income distributions.

Contrarian Value Equity Feeder Fund

High Risk

Fund Managers

R191m

AUM

Investment objective

The Fund aims to provide investors with long-term capital growth through active stock selection in global equity markets with a focus on mid and large-cap companies across all geographies and sectors.

Core Accelerated Fund

Medium - High Risk

Fund Managers

R2.8bn

AUM

Investment objective

Suitable for investors seeking high (equity-like) capital growth.

Higher allocation to equities and listed property (around 90% of the fund) compared to a typical balanced portfolio.

Diversification across and within asset classes helps to reduce risk and volatility relative to a general equity portfolio.

Provides low cost exposure to a range of local and global asset classes.

Targets a return after fees of inflation plus 5% to 7% over rolling 7 year periods.

Core Bond Fund

Low - Medium Risk

Fund Managers

R8.8bn

AUM

Investment objective

Suitable for investors seeking specific exposure to the South African bond market as part of their overall investment strategy.

Core Diversified Fund

Medium Risk

Fund Managers

R34.6bn

AUM

Investment objective

Suitable for investors seeking moderate capital growth.

Diversification across and within asset classes helps to reduce risk and volatility relative to a general equity portfolio.

Provides low cost exposure to a range of local and global asset classes.

Targets a return after fees of inflation plus 4% to 6% over rolling 5 year periods.

Core Global Feeder Fund

Medium - High Risk

Fund Managers

R9.5bn

AUM

Investment objective

Suitable for investors seeking capital appreciation as their primary goal and who do not wish to make complex asset allocation decisions between equities, cash and bonds in global markets.

Investors should have a high tolerance for short-term market volatility in order to achieve long-term objectives.

Provides low cost exposure to a range of global asset classes.

Core Guarded Fund

Low - Medium Risk

Fund Managers

R15.5bn

AUM

Investment objective

Suitable for conservative investors seeking a reasonable level of capital protection.

Potential for capital growth through a low exposure to equity markets relative to the average prudential portfolio.

Provides low cost exposure to a range of local and global asset classes.

Targets a return after fees of inflation plus 2% to 4% over rolling 3 year periods.

Core Income Fund

Low Risk

Fund Managers

R62.8bn

AUM

Investment objective

The fund aims to maximise interest income above STeFI Composite and money market funds.

Protecting capital is a core focus.

Provide liquidity to investors by investing in low duration fixed income instruments.

The fund is suited to stable or "core" cash, that may be required with 24 hour notice.

Core SA Equity Fund

High Risk

Fund Managers

R664m

AUM

Investment objective

The Nedgroup Investment Core SA Equity Fund's primary investment objective is long-term capital growth.

Suited for investors who require exposure to listed South African equity securities.

Core World Index Feeder Fund

High Risk

Fund Managers

R2.2bn

AUM

Investment objective

The fund aims to produce long term capital growth by investing in a broad range of listed developed market equity securities.

Entrepreneur Fund

High Risk

Fund Managers

R1.5bn

AUM

Investment objective

A specialist portfolio with a primary focus on domestic companies with a mid and small market capitalisation, carrying above average growth potential.

The portfolio may invest in established companies with sound recovery prospects.

Financials Fund

High Risk

Fund Managers

R498m

AUM

Investment objective

To achieve medium- to long-term capital growth via exposure to domestic and offshore equities in the financial sector.

Global Cautious Feeder Fund

Medium - High Risk

Fund Managers

R789m

AUM

Investment objective

A feeder fund invested in an underlying US dollar denominated low equity multi-asset fund, seeking to provide investors with steady medium to long-term capital growth and income, whilst at the same time controlling the level of downside risk.

Global Emerging Markets Equity Feeder Fund

High Risk

Fund Managers

R2.1bn

AUM

Investment objective

The fund aims to achieve long term capital growth by investing in a diversified selection of global emerging market equities while being highly focused on capital preservation.

Global Equity Feeder Fund

High Risk

Fund Managers

R13.0bn

AUM

Investment objective

The fund aims to produce long term capital growth by investing in a concentrated selection of high quality global equities primarily domiciled in developed markets.

Global Flexible Feeder Fund

Medium - High Risk

Fund Managers

R10.5bn

AUM

Investment objective

The fund is a fully flexible, globally diversified portfolio in respect of asset classes, regions and currencies, aiming to produce long-term capital growth.

Global Property Feeder Fund

High Risk

Fund Managers

R1.7bn

AUM

Investment objective

The fund aims to produce long term capital growth by investing in a concentrated selection of global real estate securities, primarily domiciled in developed markets.

Global Strategic Bond Feeder Fund

Medium - High Risk

Fund Managers

R364m

AUM

Investment objective

The fund aims to provide a combination of capital growth and income over the long-term by investing in multi-asset fixed income.

Managed Fund

Medium Risk

Fund Managers

R2.1bn

AUM

Investment objective

A multi-asset fund with the main objective of achieving long term capital growth, while protecting against capital loss. Returns are expected to be delivered through capital growth and moderate levels of income distributions.

Mining & Resource Fund

High Risk

Fund Managers

R1.4bn

AUM

Investment objective

A specialist portfolio focused on South African and Global listed equities within the basic materials and mining sector, carrying above average growth potential.

Since January 2025 the fund has been allowed to include non-SA listed equities, prior to this date the fund was purely domestic focused.

The primary investment objective of the fund is long-term capital growth.

Multi-Managed Future Focus Equity Fund

High Risk

Fund Managers

R437m

AUM

Investment objective

The Nedgroup Investments Multi-Managed Future Focus Equity Fund is a pure SA listed equity unit trust fund designed to maximise long-term capital growth, while prioritising transformation, inclusivity, and sustainability.

It seeks to transform the South African collective investment scheme industry with a future-focused approach, whereby transformed managers with a strong focus on diversity in thought, demonstrate that investing responsibly and incorporating sustainability into the investment process, does not compromise on investment performance.

Private Wealth Equity Fund

High Risk

Fund Managers

R1.4bn

AUM

Investment objective

The portfolio objective is to provide investors with capital growth by investing in equities.

Investors should be prepared for, and be comfortable with, market volatility in order to achieve long-term objectives.

The portfolio is suitable for investors seeking exposure to equity markets with maximum capital appreciation as their primary goal over the long term.

Property Fund

High Risk

Fund Managers

R1.2bn

AUM

Investment objective

The fund is a specialist portfolio aiming to provide an optimal overall yield comprising both income and long-term capital appreciation by investing primarily in real estate securities.

Rainmaker Fund

High Risk

Fund Managers

R6.6bn

AUM

Investment objective

The primary investment objective of the fund is long-term capital growth. The portfolio is ideal for investors requiring exposure to listed South African and global equities as part of their overall investment strategy, with capital appreciation as their primary goal over the long term.

SA Equity Fund

High Risk

Fund Managers

R5.9bn

AUM

Investment objective

The primary investment objective of the fund is long-term capital growth.

Suited for investors who require exposure to listed South African equity securities.

About Us

Our History

We partner with independent managers in each fund category to offer a range of expertly managed funds across all asset classes. Click here to learn more about us.

Our Awards

We have received consistent industry recognition over the years as one of South Africa’s top asset managers. Click here to read more about our awards over the years.
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