A unit trust fund is an investment scheme where money from many investors is pooled together for collective investments, and is invested towards a specified goal as stated in the investment objective of the fund.

 A unit trust scheme can be illustrated as a tripartite relationship between the manager, the trustee and the unit holders. This tripartite relationship is governed by a deed registered with the Securities Commission (SC). The manager of the fund is responsible for the management and operations of the trust fund, distribution of income and computation of unit prices. The trustee is appointed to act as the custodian for all the assets of the fund and to ensure that the manager adheres strictly to the provisions of the deed.