Money Market Fund
Money Market Fund Money Market fund (MMF) is a form of Unit trusts, a collective investment scheme, which mostly invests in treasury bills, fixed deposits among other short-term investments. This fund is regulated by the Capital Market Authority, (CMA)
When thinking of investing in Kenya yet unsure of how and where to invest your money, money market funds is a good place you can keep your cash and get a return paid as interest which is much better than Bank Fixed deposits. Remember Money Market Fund does not fix your money. You can access the interest earned within short notice.
Money Market Fund account detailed
Money Market Fund mainly invests in secure avenues mostly; Government Treasury bills, Bank Fixed deposits, and a small percentage in highly credit worth short-term investments.
NO, you can access your investment within a short notice of 2-3 days upon withdrawal request from the Money Market account
Competitive Returns- Interest is earned daily, compounded to your Money Market account at the end of every month and a statement sent to your email.
Regulation- The Capital Market Authority, CMA, regulates the Fund Managers, Trustees and Custodians of the money market fund.
According to data from CMA, CIC Money Market Fund is the largest fund in Kenya with a market share of over 41%. The rate of return on interest average 9% per annum.
A money market account can be opened by individuals, chamas, churches, saccos, corporate, schools, joint members.
You can invest as low as 5,000/- , regular top ups as low as 1,000/- while there is no maximum. Some corporate have invested as high as a Billion.
- Treasury Bills
- Fixed Deposits
- Demand Deposits
- Corporate Bonds
- Commercial Papers
- CBK Treasury Bonds
Statutory Disclaimer: The rate of interest may change with the market change and past performance is not necessarily a guide to the future.
Money Market Fund Key Features
|Money Market Fund||Key Features|
|Minimum Investment||Ksh 5,000.00|
|Minimum Additional investment||Ksh 1,000.00|
|Fee||No entry or exit fee|
|Interest rates||Competitive rates, based on the market|
|Statements||Monthly statements on email|
|Liquidity||2-3 days you receive your funds upon request|
|Flexibility||Top up via Mpesa or Bank transfer|
Returns on this fund is reinvested to your account monthly. This interest comes from carefully and competitively negotiated investments that the fund managers allocates.
This enables us to give you the best rates possible in the market.
The interest made is reinvest in to the fund so as to maximize return on your investment through compounded growth.
To open a money market fund, FILL THE FORM BELOW and we will get back to you.
You can also download the application form attached below, fill it and send it to us by email.
Start earning competitive interest returns on your money by filling out the Money Market Fund form below.