Money Market Fund

Characteristics

  • Fund invests in short-term interest bearing securities
  • An alternative to bank deposits but with relatively higher returns
  • Low risk
  • Suitable investment for both short and long periods
  • Withholding tax of 15% on interest earned

Money market through Britam

  • Minimum initial amount is Kshs. 10,000
  • Minimum top-ups of Kshs. 2,000
  • Withdrawals effected within 4 days
  • Optional top-ups and withdrawal via Mpesa
  • Annual management fee of 2% p.a. on the fund

Money market through Genghis Capital

  • Minimum initial amount of Kshs. 500
  • Withdrawals effected within 4 days
  • Optional top-ups and withdrawal via Mpesa
  • Annual management fee of 2% p.a. on the fund

Documents Required

» Britam

Individual

  • ID or passport
  • PIN certificate or Tax exemption certificate
  • Proof of banking details – original cancelled cheque, certified letter from bank or bank statement
  • less than 3 months old
  • Utility bill less than 3 months old; or signed address verification form

Corporate

  • Founding documents e.g. Certificate of Incorporation
  • PIN certificate
  • Proof of banking details – bank statement, original cancelled cheque, etc
  • Resolution authorizing investment
  • Authorized representatives:
    • ID or passport
    • Utility bill less than 3 months old

» Genghis


Individual

  • Passport size photograph
  • ID or passport
  • PIN certificate or Tax exemption certificate
  • Proof of banking details – original cancelled cheque, bank transfer confirmation, direct deposit slip, etc
  • Proof of residential address e.g. Recent utility bill, current lease agreement, or signed address verification form
  • Cheque or deposit slip
Make regular deposits to steadily grow your investment.

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