Description

The money market fund is a short term investment option ideal for creating an Emergency fund. It consists of high quality interest bearing money market and short-term debt instruments with the objective of achieving a higher level of current income while preserving your capital. It is suitable for low risk investors.

A Money Market Fund is a type of a Unit Trust. A Unit Trust is a type of investment where people with common savings and investment goals join a collective investment scheme that is managed by a professional investment/fund manager. The key advantage of this arrangement is that all investors, big or small benefit from the economies of scale the pooled funds provide. In Kenya, Unit Trusts are regulated by the Capital Markets Authority (CMA).

A Money Market Fund is considered the least risky fund of all unit trusts because you never lose your invested capital. However, you should note that the interest rate (yield) varies day to day depending on market performance

It is important to note that a management fee is applied to your account balance daily to an equivalent to 2% per annum.

Key Benefits & Features

• Liquidity – The Investor is able to their funds at a short notice without any penalty or fees.
• Flexibility – The investor is able to switch or transfer the funds to any other funds he/she manages.
• Professionalism – The fund is managed by qualified  investment managers whose core business is investments.
• Security & Transparency – The fund is regulated by the Capital Markets Authority (CMA).
• Initial  Investment Amount – Minimum Kshs 500.00 with a 0% fees charged
• Average return Rate -7-14 % per annum
• Investor Classes –  Individuals, Groups, Organizations

Other unit trust investments to look out for apart from the money market fund  include the following:

• Equity Fund
• Bond Fund
• Growth Fund

What you need to start investing

• A filled up application form (Physical or Online)
• Copy of your National Indentity card
• KRA PIN
• Bank Setails Confirmation
• Initial Investment Amount

Start your investment Journey here

https://invest.icealion.com/?ref=04675