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.
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
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