CIC Money Market Fund
The CIC Money Market fund is a low-risk fund which invests in diversified near cash, interest-bearing instruments in the Kenyan market.
The fund invests in high-quality interest-bearing investments, fixed deposits, and near cash holdings in the Kenyan Market.
This fund is:
- For the investor looking for a safe parking place for their funds and with a low-risk appetite- preservation of capital.
Returns on the Money Market Fund.
Returns consist of interest from the various interest-bearing instruments and are credited monthly. It is recommended that the interest be reinvested into the fund so as to maximize return on investment through compounded growth. It is recommended that the funds be invested for at least 1 year.
The interest is credited to investor’s account monthly for investors who roll over credited to investors’ bank account for investors who need regular cash flow.
The interest rate will fluctuate with market dynamics. CIC endeavors to invest prudently and negotiate competitively to give its customers the best rates possible in the market taking investor’s security of their investment into consideration.
- The minimum investment amount is Kshs. 5,000. The minimum additional amount is Kshs. 1,000.
- NO initial fees are charged on the Money Market fund
- Access to your money is when required with a short notice of 2 – 4 working days.
- A monthly statement is sent.
Get more info and CIC money market forms here
APA insurance Money Market Fund
This fund aims to generate long-term capital growth through investment in quoted equities and by investing in a diversified range of e stocks across several sectors.
The fund is suitable for investors with a higher risk profile seeking long-term capital growth and is recommended for those with an investment horizon of at least 5 years.
The main investment in this fund is predominately in shares of companies, showing strong potential for growth, that is listed on the Nairobi Securities Exchange. The minimum initial investment is Kes.10,000 with additional top-ups of Kesh. 5,000 at the investor’s discretion. Regular voluntary top-ups can be made by cheque, direct cash deposit, direct debit order or standing order.
A 5 % one-off charge is known as an “initial/upfront fee” as well as a management fee of up to 2% annually.
The price of shares and the income therefrom is the collective investment scheme pays dividends, may go down as well as up: and investors are reminded that in certain specified circumstances their right to redeem their shares may be suspended.
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Britam Money Market Fund
A money market fund invests mainly in fixed income securities with short investment duration and high credit quality. These fund aims to obtain a high level of current income than most bank deposits while protecting investor’s capital. It invests in money market securities with a maturity of fewer than 12 months allowing for a higher than average rate of return as well as immediate liquidity. The income that the fund earns is accrued daily and distributed to the unitholders net of fund costs.
The Britam money market fund is your ideal investment option for cash you intend to use to meet your short term goals.
These may include:
- School Fees
- Deposit – Car/Mortgage /Land
- Chama/Investment Funds
- Family and Staff welfare funds – for weddings and burials etc.
- Wedding planning
- Construction/Project funds
- Holiday Planning, etc.
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