Investment Advisory

Bencon Gratuity Fund – Gratuity is a benefit that an employee receives from its employer when employed under non-permanent and pensionable service. The Bencon Gratuity Fund is a pooled fund designed to administer and invests gratuity fund provisions for employers before they fall due. While many employers opt to make a provision for employees’ accrued gratuity, the Gratuity Fund provides for an instance where no liquid cash is available to immediately honour the obligation when gratuity falls due or a separation happens. It is prudent for employers to set aside funds as the employee liability materialises, usually every completed month of employment, leading to an increase in accrual. However, setting aside accrued gratuity on a month by month basis into our Gratuity Fund will help the employer avoid sudden payments of huge sums and lead to poor cash flow. It also helps maintain clean books of accounts for the employer. This make the Gratuity Fund a must have product for smart employers.