Personal Pension Fund: Ksh 21.8379 Balanced Fund: Buying Price: Ksh 9.5583 Selling Price: Ksh 9.2799 Previous Zimele Money Market Fund also known as Saving plan is a sure way to save and earn interest on all deposits. This interest is credited to your account on a monthly basis. The Account Name: Zimele Unit Trust Money Market Fund. Branch: Absa Towers. Sanlam Pesa+ Money Market Fund My stocks at nse are currently negative and am doing a structured loss mitigation, pulling out of nse and re investing in TB, T . Swift Codes . This is your ideal investment option if you are looking to build up your . As an investor, you have the rights to withdraw your funds on short notice at any given period. 1. Tip 5. At the time, banks were capped on the amount of yield they could pay out in a savings account at 5.25% per year. Coming fourth is the Madison Money market with a daily yield of 9.06 percent and an effective annual rate of 9.48 percent. Computations of Yield for Madison Money Market Fund in the month of September. We have learnt savings and investment basics and now we move to undertstanding banks, money market funds and Saccos..Follow . Cytonn Money Market Fund (KSH) is a product of Cytonn Asset Managers Limited (CAML), the regulated affiliate of Cytonn Investments Management Plc. Personally I made a kill from Zimele. Money Market Fund have higher expenses in terms of the various fees applied. This has forced many Kenyans to look for alternate ways to generate returns on their savings. CIC Home | CIC Kenya Home | CIC Kenya | CIC Insurance Kenya Below is a summary of the top money market funds in Kenya 2022 financial year. The principal amount in the Money Market Fund is not subject to fluctuations during the period of investment. 3. Related: Zimele Money Market Fund: Everything you need to know. How to Join The Zimele Money Market Fund. . Pension Account Login. The fund has never experienced a negative return over any calendar month since inception. Money market funds in Kenya are regulated by the Capital Markets Authority (CMA). 1. . ABSA BANK KENYA LIMITED. At the moment, short-term Treasury bills, with yields in the 0.85 to 1. . Stanbic IBTC Money Market Fund (SIMM) was launched in February 2010; The Fund invests a 100% of its portfolio in money market instruments (such as treasury bills, commercial papers, banker's acceptance e.t.c.) Old Mutual Money Market Fund. Zimele Money Market Fund. The first money market fund, called the Reserve Fund, was created in 1971. Account Number: 110-238-8815. 30 days minimum holding period; The penalty for redeeming within the minimum holding period is 20% on the accrued income Submit. The interest rate is dependent on the average interest rate of all assets under management at the time. The Nabo Africa and Zimele money market . This private institution will also help you get started with asset management, financial services . Also, Zimele Asset Management has been in the industry for over 20 years now. This year there are funds that have not gone below 10%, while others barely make it to 10%), which is better than a bank's two per cent. The fund aims to deliver a regular income and to outperform bank deposits over time, while preserving capital. CIC Money Market Fund Computations of Yield for Zimele Money Market Fund in the month of September. It is a low risk investment that gives an investor high interest returns. Click on the plus sign (+) in each of the panes below for more details. . Unit Trust Funds, "UTFs", are collective investment schemes that pool money together from many investors and are managed by professional Fund Managers, who invest the pooled funds in a portfolio of securities to achieve objectives of the trust. Investors can choose their risk-based level depending on their individual needs and goals. The parents or guardians name, ID/Passport and phone number. Zimele is famous for having the lowest minimum investment requirement at Kshs 250 for the unit trust. Tip 6. Nabo moved two positions up from previous month with an improved and constant rate of return of 9.7% average effective annual rate. Many money market funds usually earn an interest of over 10 per cent per year (fluctuating depending on the performance of the markets. Nabo Africa Money Market Fund - 9.5%. Zimele allows investors to invest in a flexible and convenient way. The Money Market Fund returned a gross yield of 0.9% in September 2022 and 11.3% over twelve months. Welcome to Kens MoneyMatters. A minimum of Ksh1000 for investment. Benefits. Go to the M-PESA menu and select Lipa na M-Pesa. The Zimele fund is flexible, convenient, and allows you to save according to the pace that you choose. Additionally, unlike in the case of government securities . An individual applicant has to fulfil the following to join the money market fund: Name, ID or passport number and email address of the applicant. Money market mutual funds receive that rate for funds held by the Fed overnight, so it functions as a rough floor on yields. If you would like to talk to us in person, you can call us on +254 719 071 999 or book a call. The Account Name: Zimele Unit Trust Money Market Fund. Zimele Money Market Fund. Group/Joint Account Login. The fund is licensed & regulated by Capital Market Authority ( CMA). Money market rates in Kenya area very conducive for investors. Zimele invests in Treasury bonds, Treasury bills and fixed deposits. Zimele Money Market Fund is an ideal investment option if you want to save for emergencies, build savings for a group, or are planning to save money for a long-term project. They will allow you to access your funds subject to a 3-5 day notice period and withdrawals attract a charge of between 1-1.5%. Zimele dropped one position to 3rd amongst the top 5 funds, having recorded no changes on its average daily yield and average annual yield postings to close the month with an average daily yield of 9.56% and an average effective annual yield of 9.91% same as November 2019. However, for those with other banks and want to avoid Bank and M-Pesa charges, here is a way to deposit money to CIC Money Market Fund for free! Copy of ID or a current passport. Interest is earned daily. Old Mutual Interest Plus Fund. Zimele is legit and controlled by the Capital Markets Authority (CMA). The Zimele money market fund is one of the firms that provide the easiest ways to save and accumulate money. Zimele Money Market Fund. CIC has a team of investment managers who are competent to deliver the best advantage for investors. A Money Market Fund is considered the least risky fund, of all unit trusts, because you never lose your invested capital. 2.Liquidity. Cytonn Money Market Fund invests in high quality interest bearing . It has the largest market share by holding over 41% of the total assets under management in the Kenyan market. You can join by filling in the membership or online through the link: https://zimele.co.ke/join/ CIC Money Market Fund; CIC is the largest money market fund manager in Kenya with a market share of 41.4% in H1 2019 as reported by a report by Cytonn Investments https: . It has one of the lowest initial investment and top-up amounts. CIC Money Market Fund Zimele dropped one spot to 3rd amongst the top 5 funds, having recorded no changes on its average daily yield and average annual yield postings to close the month with an average daily yield of 9.56% and an average effective annual yield of 9.91% throughout Q1'2020. The Sanlam Money Market Fund is suitable for customers who wish to invest their money over a short period (1-12 months) through regular or once-off savings. Interest is calculated every weekday, but compounded every month. Zimele Money Market Fund is also known as a savings plan. Deposit via Absa. Categories . There are three ways to join the Zimele money market fund: Children's savings plan; To join this fund, you need to present the child's full names, date of birth and birth certificate or passport. Cytonn Money Market Fund Cytonn has consistently remained at the top of the money market funding offering an average daily return of 10.12% and an average annual effective rate of 10.65%, which is an . Bond yields in Kenya edged up by an average of 25 basis points across the yield curve in Q3 2022. The Britam Money Market fund will help you plan your financial goals whether it be setting up an emergency fund, saving for school fees, or saving up for a business project. Once you invest your cash, you can reap by earning interest income credited directly to the account. Minimum deposit of Ksh.100. Alphafrica Kaisha Money Market Fund - 9.7%. Infographic on benefits of Sanlam Money Market Fund. Tip 1 - 4. Zimele Money Market Fund. It is a convenient saving plan that . There is a management fee and withdrawal fee when withdrawing your money, and transfer fee. Ease of withdrawal of funds for investors. Zimele money market fund interest rates are around 9%. Britam Money Market Fund Benefits. Higher expenses are incurred. Best Money Market Funds in Kenya by Yield. 2. As of November 12, 2021, CMMF posted an effective annual rate of 10.58 percent according to data from Capital Markets Authority. ID Number. Between 2007 and now made a loss of about 25% on balanced fund before I ran to money market fund. Zimele Money Market Fund is designed to meet the needs of different types of investors. Top Money Market Funds to Invest With In Kenya 1. It's Day Two of Valentines Week! Cytonn Money Market Fund - 10.6%. Money Market Fund (Savings Plan) : 9.56% p.a. 4. Before you join the CIC Money Market Fund, you need to fill in an application form. Simply fill the form below to join. The Balanced Fund should therefore be considered as a medium to long term investment. 2. Hence, if you put 30,000 into the fund today, you'll earn that daily rate per day. Zimele Money Market Fund - 9.9%. Zimele Money Market Fund. You can join by filling in the membership or online through the link: https://zimele.co.ke/join/ CIC Money Market Fund; CIC is the largest money market fund manager in Kenya with a market share of 41.4% in H1 2019 as reported by a report by Cytonn Investments https: . It is a product of Cytonn Asset Managers Limited, an affiliate of Cytonn Investments. It is ideal for building savings for emergencies, investment groups, businesses, short term and long-term goals. One of the ways they do this is through money market funds offered and controlled by various institutions. Money Market Funds (MMFs) in the recent past have gained popularity in Kenya, with one of the main reasons is the higher returns from money . Add amount and then the M-Pesa PIN. With the fund, you get to earn between 8-10%* in interest as you build your savings. 3. Also referred to as the Savings Plan is one of the investment avenues under the Zimele Unit Trust Scheme. Tip 7. Your active bank details which comprise of a bank statement not more than three months old, a cheque leaf or a certified letter from the bank confirming the provided bank details are valid. Following the release of Unit Trust Fund Managers' results for Q1'2020, we examine the performance of Unit Trust Funds, especially Money Market . If you top up or withdraw by selling some units, the same flow applies. Sanlam Money Market Fund CMMF invests in high-quality interest-bearing investments, fixed deposits, and near cash holdings in the Kenyan market. Previous article. However, you should note that the interest rate (yield) varies day to day depending on market performance. Zimele Money Market Fund has been around since 1998 and is worth over Ksh 1 billion. To join as an individual investor in the money market fund you need a filled-in the individual application form. Cytonn posted an average daily return of 10.42% and an average annual effective rate of 10.53% in October 2021, a drop from the previous month. The company offers financial products and services such as unit trusts, pension funds, fund management services, and investment advice. Zimele Money Market Fund. 4. Zimele MMF came in second, a position higher than the previous month. Zimele had a consistent month and retained second position with an average annual return of 9.91%. The . In no particular order, here is a list of the best money market funds in Kenya. The Central Bank of Kenya (CBK) re-opened a 10 . Read also: Zimele Money Market Fund (What You Need To Know) Benefits of The CIC Money Market Fund 1.Professional investment management. They include the likes of BRITAM insurance, CBA bank, Old Mutual, Madison, ICEA Lion, Amana and many more. 1. Over the last couple of years, some money market funds have consistently offered better rates compared to the popular 90-day Treasury Bill. Zimele have been around for quiet some time. 2. Invest, withdraw, and redeem to pay bills instan. Top Money Market Funds in Kenya. Read a comprehensive guide on money market funds in Kenya updated for FY 2021/2022 and beyond:https://nashthuo.com/money-market-funds-kenya/In this video, I . Then, enter account number 01122190806600. As promised, in this video I did some research and came up with the top money market funds in Kenya based on a number of factor. CIC Home | CIC Kenya Home | CIC Kenya | CIC Insurance Kenya Enter Your National ID Number for individual Accounts. account_circle. 2 Disadvantages Of Investing In Money Market Fund In Kenya. Zimele Money Market Fund - 9.90%. a) Zimele Money Fund . CIC Money Market Fund This percentage cannot be compared to the amount you earn in bank-saving accounts and platforms such as Mswari lock saving. Money market funds pay interest of between 4% and 10% annually depending on the fund manager. Account Number: 0105-016-758900. 3. Zimele Money Market Fund. This is around 0.028% per day. Zimele Money Market Fund. The Income distributed in the Money Market Fund consists of interest accrued from the purchase assets of the fund. Guaranteed Pension Fund: 11.25% p.a. You can either join Zimele using the mobile app or the website. Click here to open a Joint Account. Depending on the fund manager, the interest rate ranges from 5% to over 10%. The money saved in the Trust Unit is channelled into various investments. CIC Money Market Fund. You can either fill out the application form for a registered chama or a form for a group, trust fund, or NGOs. It invests in high-yielding interest-bearing assets like treasury bonds, treasury bills and fixed deposits. Am still in in Money market fund. GenCapHela Imara Money Market Fund - 10.2%. Then, Pay Bill option and enter paybill number 400200. Zimele Market Fund is the second-best performing money market fund with an effective annual rate of 9.91 percent followed by Nabo Money Market Fund with an effective annual rate of 9.70 percent. Investing in a good money market fund can only translate to more money in your pockets. Old Mutual Money Market Fund. Through the use of short-term treasury bills and commercial paper, money market funds were able to offer much juicier yields, in the 8-9% range, which were . Madison Money Market Fund. Sanlam Money Market Fund - 9.60%. The daily rates are then published in newspapers. Nabo Capital Money Market Fund. Zimele saving plan starts from a minimum of kes 100 at any frequency and earn an interest of 9.56% p.a on all deposits.