Nabo Africa Money Market Fund came in as the second-best performing Fund with a daily yield if 9.52 percent followed by Zimele Money Market Fund with a daily yield of 9.50 percent. 4. Sanlam Money Market Fund. Britam Money Market Fund. ABSA BANK KENYA LIMITED. Wrapping Up. Finally, there is a free Money Market Funds Kenya Bot that calculates how much you'll make from your investment and a number of other cool things that I will reveal later! To outperform the income yield available, we invest in interest-bearing securities and other short-term money market instruments. This makes it ideal for both short-term and long-term savings. Read More: Understanding Unit Trust Funds and Why It Matters to Investors. Interest is calculated every weekday, but compounded every month. CIC money market fund closed the top 5 in this category with an average of 9.6% for Q2 2020. 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. Welcome Back, , Kenya. Old Mutual Interest Plus Fund. Cytonn Money Market Fund. You will be a pro in no time! It is the second largest in total assets under management after CIC Money Market Fund. Enter your target savings below and see the monthly income it will generate Savings Monthly Income Total : 0.00 Enter your target savings below and see the monthly income it will generate Savings If a regulated fund (e.g. Cytonn Money Market Fund. * How long do you want to save? Zimele invests in Treasury bonds, Treasury bills and fixed deposits. Old mutual money market. Let us explain. Madison Money Market Fund Whether you want to save for their education, expenses, emergencies, cultivate a goal-based savings culture, or simply to secure their financial future, this is the plan for you. Cytonn Money Market Fund invests in high quality interest bearing . 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. CIC Money Market Fund had a daily yield of 9.02 percent. We look to deliver high level current income while at the same time safeguarding our investor's capital and liquidity. Other funds include: British American (10.7%), NCBA (10.4%), ICEA Lion (9.4%), Old Mutual (5.9%). Madison Money Market Fund Dial *828# The Fund is an excellent investment option that offers you the opportunity to earn competitive return as you save to meet your various financial needs. Just ask the over 150 Kenyans in the comments! 2. Tip 6. causes of huge splenomegaly in pediatrics; grey lateral file cabinet; what does the average person do everyday. 0.00 Note: This estimate assumes an average interest rate of 9% Open Account Zimele Income Calculator Calculate how much your savings can generate as a monthly income. With most Money Market Fund companies, you can get your money between 3-5 working days. The fund aims to deliver a regular income and to outperform bank deposits over time, while preserving capital. Tip 1 - 4. Nabo's vision is to be the leading truly African investment solutions provider in scale, innovation and profitability. Cytonn Money Market Fund. Money Market Fund - This fund invests in short-term debt securities with high credit quality such as treasury bills and commercial paper. It invests in high-yielding interest-bearing assets like treasury bonds, treasury bills and fixed deposits. Zimele Money Market Fund. With the fund, you get to earn between 8-10%* in interest as you build your savings. 3. Interest in the Money Market Fund is earned on a monthly basis and will vary from time to time based on conditions prevailing in the money market. Old Mutual Money Market Fund. Click on the plus sign (+) in each of the panes below for more details. 1.CIC money market fund. The scheme currently houses the Genghis money market fund: Hela Imara. It's Day Two of Valentines Week! They are highly suited for medium-term savings and investments. My money mkt fund invstmt had grown by sh890 my balanced fund has dropped to some figure above 4000.if u aren't a gifted stockmarket investor maybe the money mkt fund would do if u want assurance of gettn the 25k back, but if for long term, go for balanced Money Market Fund, Balanced Fund, Pension Funds: Website: https://www.zimele.co.ke: Zimele Asset Management Company Limited, also Zimele (from Zulu, independent), is a Kenyan investment company licensed by the Retirement Benefits Authority (RBA) and the Capital Markets Authority (CMA). M-Pesa option for deposits Around 2006 I made a kill (I think it was around about 80%) on their balanced fund when stocks were doing very well. Enter Your National ID Number for individual Accounts. This may seem low to you if you've read that the stock market averages much higher returns over the course of decades. Take advantage of the online calculator & estimate the amount you stand to gain from your investment. Zimele Money Market Fund. All deposits earn interest, currently at 9.56% per annum. You can save any amount starting from Ksh.100, at any frequency, and earn interest at 9.56% per year on all your deposits. Account Name: Zimele Unit Trust Money Market Fund. The Zimele Savings Plan (Money Market Fund) offers a secure and convenient platform for groups/chamas to save and grow their funds. You can easily re-invest your money and interest earned From your comfort zone, you can reinvest your money. closed for withdrawals) or business (such as a bank under receivership) is under a strain, funds may not be accessible. Go to the M-PESA menu and select Lipa na M-Pesa. Zimele Money Market Fund. Benefits of SIP. Features & Benefits Minimum deposit of Ksh.100 Deposit any amount starting from Ksh. Zimele Money Market Fund The Zimele fund is flexible, convenient, and allows you to save according to your choice. The Madison Money Market Fund invests in short term debt securities with maturities of less than 12 months. Guaranteed Pension Fund: 11.25% p.a. GenCapHela Imara Money Market Fund - 10.2% Zimele Money Market Fund - 9.9% Alphafrica Kaisha Money Market Fund - 9.7% Nabo Africa Money Market Fund - 9.5% 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 market funds compared to the returns on bank deposits. Some companies even allow free withdrawal once a month, and you get both your money and the interest earned. 2. This Fund offers: Security: The Fund's investment objective is capital preservation. Minimum contributions starting from Ksh.100. Then, enter account number 01122190806600. Branch: Absa Towers Those investing in the Balanced Fund. Zimele 4.Madison Money markets 5.NCBA money market fund 6. Zimele Money Market Fund; Zimele came in third with a steady return of 9.56% average daily yield and 9.91% average effective annual yield. Calculate the future value of your savings. In other terms, it's also called a 'savings plan.' Zimele pools members' contributions and invests them in safe high-yielding interest-bearing assets such as Treasury bills, Treasury bonds, and fixed deposits That said, regulated funds are not exactly immune to illiquidity. Welcome to Kens MoneyMatters. 11.0 % p.a. You can now setup your Money Market Fund online with only 500/-. This fund is more aggressive than the money market fund and its objective is to attain an enhanced level of return. The fund is licensed & regulated by Capital Market Authority ( CMA). ID Number. Add amount and then the M-Pesa PIN. Cytonn retained its position as the top money market fund in Kenya with a record annual average return of 10.56%. Old Mutual Money Market Fund. Money Market Account Calculator for Money Market Deposit Accounts This MMA calculator will calculate the compound interest earnings on money market deposit accounts given the interest rate, length of time, initial deposit, and periodic deposit amount -- plus display a year-to-year investment growth chart. 0 Britam Money Market Fund - The Britam Money Market Fund, seeks to provide investors with a competitive interest rate and capital preservation in the short term 2. Dividend funds Dividend funds are medium-risk investments with a moderate returns rate of about 12 to 15%. The fund has never experienced a negative return over any calendar month since inception. Interest is earned daily. Money markets funds, also known as money market mutual funds, are safe investment vehicles that can earn you a modest interest on short-term . SQLSTATE [HY105]: Invalid parameter type: -999 Parameter requires non-null valueSQLSTATE [HY093]: Invalid parameter number: -999 Invalid parameter name. Balanced fund depends on stock and therefore not doing that well currently. Zimele allows investors to invest in a flexible and convenient way. Money market funds in Kenya are regulated by the Capital Markets Authority (CMA). No worries about market timing or market crash: SIP investments are a good option for eliminating the worries of entering the market at the right time. Dashboard. A money market fund invests mainly in fixed income securities with short investment duration and high credit quality. account_circle. Let us amplify your Investment for a modern world. DigiTrust is LIVE! Britam Money Market Fund Benefits. I had 12,000 back in 08.Invested 6,000 in money mkt n balanced fund equally thru zimele.I went to check my statement last week. Computations of Yield for Zimele Money Market Fund in the month of September If you invest 100,000 shillings in Zimele at an interest rate of 9.56 daily you will earn 26.19 shillings Daily and 785.75 shillings Monthly. Infographic on benefits of Sanlam Money Market Fund. The Zimele money market fund interest rate in August 2022 was 8.7%. We are licensed fund managers tasked with the responsibility of managing Centum's QPE strategy. A money market fund is a type of unit trusts that invests in low-risk investments with an element of guaranteed return such as fixed deposit accounts,treasury bills or in a commercial bonds. Besides the interest being compounded quarterly, you only require a minimum top-up of Ksh 100. Pension Account Login. In no particular order, here is a list of the best money market funds in Kenya. The Sanlam MMF has moved up one position compared to the previous month recording average daily return of 9.10% and 9.37% average effective annual yield. Britam.7 Cytonn 8 Gencap Hela Imara 9. Risk adverse investors are prone to invest in Money Market Funds in times of high stock market volatility; 100, at your pace. Personal Pension Fund: Ksh 21.8379 Balanced Fund: Buying Price: Ksh 9.5583 Selling Price: Ksh 9.2799 Previous A money market fund mainly invests in short-term debt securities with high credit quality such as treasury bills and commercial paper. Submit. In other terms, it's also called a 'savings plan.' Zimele pools members contributions and invests them in safe high-yielding interest-bearing assets such as Treasury bills, Treasury bonds, and fixed deposits Invest, withdraw, and redeem to pay bills instan. Zimele MMF came in second, a position higher than the previous month. Launched in January 2006, Britam Money Market Fund is one of the oldest MMFs in Kenya. 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