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CIC Money Market Fund: Daily Yield 10.11% Effective Annual Yield: 10.60% || CIC Fixed Income Fund: Buy 9.01 Sell: 9.24 || CIC Equity Fund: Buy 13.50 Sell: 14.21 || CIC Balanced Fund: Buy 13.03 Sell: 13.64 ||
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CIC MONEY MARKET FUND

This fund is for conservative investors looking for a safe parking place for their funds with the aim of capital preservation and minimal return in form of interest. This fund has a low risk profile and is ideal during times of stock turbulence.

Fees and Charges
No initial charges are applicable on entry into the Money Market Fund. A maximum of 1.5% per annum is levied on the daily market value for the fund portfolio.

Income Distribution:
The net income attributable to the fund is distributed to investors registered such as the last day of each month.

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CIC FIXED INCOME FUND

This fund is suitable for investors seeking medium term stability with moderate investment risk and a reasonable level of return from fixed income securities of various tenor bonds either issued by government or corporations.

Fees and Charges
A non-recurring initial charge of 2.5% is levied. This charge is represented by the difference between buying and selling price of the units.

Income Distribution:

The net income attributable to the fund is distributed to investors bi-annually.

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CIC BALANCED FUND

The fund seeks medium to long term stability, moderate investment risk and a reasonable level of income. The fund invests in quoted local and international shares and selected interest bearing investments like bonds, fixed deposits and commercial papers. The fund has a medium risk profile.

Fees and Charges
A non-recurring initial charge of 4.5% is levied. This charge is represented by the difference between buying and selling price of the units.

Income Distribution:

The net income attributable to the fund is distributed to investors quarterly.

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CIC EQUITY FUND

This fund is suitable for investors seeking long-term growth through capital appreciation. The fund is primarily and professionally invested in selected quoted shares in the Nairobi Securities Exchange. The Equity Fund has a high-risk profile but with high potential returns in the medium to long term.

Fees and Charges
A non-recurring initial charge of 5% is levied. This charge is represented by the difference between buying and selling price of the units.

Income Distribution:

The net income attributable to the fund is distributed to investors bi-annually.

Download Fact Sheet

What is a Unit Trust?

A unit trust is a portfolio made up of different securities. That allows investors enjoy the benefit of the portfolio i.e. shares from different counters unlike when you go direct to the market, you only gain exposure to the counters you have bought from. Unit trust funds allow you to pool your money with that of many other investors so that the trust fund can buy a wide range of investments managed by a professional. 

What is a unit?

 Your contributions to a unit trust are used to purchase units. Each unit represents an equal fraction of the total value of the pool of invested money. Units in the CIC Unit Trusts are bought from the fund manager, CIC Asset Managers Limited, and sold back to them in the event unit holders need to redeem their units. When you invest in a CIC Unit Trusts, the number of units you are allocated is calculated by dividing the amount you invest by the offer price at the time. As an example, if the offer price for each unit is Kshs 10, an investment of Kshs 250,000 will buy 25,000 units. The value of units moves in accordance with the performance of the unit trust’s assets.

Difference between unit trusts and the stock market?

Professional fund management-prospective investors benefit from expertise of our seasoned professionals
Diversification– Diverse investing mitigates market risks.
Choice– There are various unit trusts to choose from.
Easy Access– You can convert unit trusts easily to cash.
Flexibility– You can switch or transfer funds between the various funds.
Cost effective– A simple and effective way of investing small amounts.
Disciplined investing– Systematic investing pays back.
Higher returns– Potential to deliver excellent returns (inflation beating).
CIC Equity Fund
The CIC Equity fund invests in professionally selected securities listed in the Nairobi stock exchange. The fund is suitable for the investor, who is seeking medium to long-term growth through capital gains from the investments.
This fund is ideal for the institutions:

  • Seeking capital growth
  • Potential to beat inflation
  • With a long term focus on investment
  • Ready to take some amount of risk- due to volatility in the stock market

What is CIC Balanced Fund.

The objective of this fund is to provide medium return to the investor with a medium or an average outlook to risk. It is ideal for investors looking for a mixture of safety, income and capital appreciation while proving the investors with a fund that combines growth and income objectives by investing in the stocks of listed companies for growth and in interest bearing instruments for income. Such a diversification mitigates the effects of market down turns in the stock market without major value fluctuations.
This fund is ideal for organizations and individuals who are;

  • Seeking to invest in a balanced portfolio offering exposure to all sectors of the market (including offshore), but with a lower risk profile than pure equity funds.
  • Willing to accept some medium risk exposure
  • Want to beat inflation

How do I become a member of CIC Asset Management?

Simple, we only require our clients to fill out the application form and provide us with these additional documents:
Individual/ Joint applicants:
Copy of I.D or Passport
Copy of KRA PIN
Bank statement or Copy of ATM/ Bank card – to reflect A/c holder name & bank a/c no.
Passport picture
Corporate applicants (including Saccos & NGO’s) should additionally provide: (includes NGO’s)
Signed Minutes mandating investment of funds and authorized signatories.
Photocopy of registration/incorporation certificate.
Association/societies:
Resolution by board of trustees/letter from chairperson (where applicable) authorizing investment and giving mandate to signatories.
Certified photocopy of registration certificate.

How do I know my money is invested?

 You will receive an alert immediately the fund is created both on your mobile phone and email that will provide you with your account number and amount of money invested. 

How long before my money is invested?

This is done immediately the funds clear into our collection account. E.g. cheques take about 3 days to clear once banked while cash money is invested within 24 hours of receipt. 

What bank do I deposit money into?

ACCOUNT NAME: CIC UNIT TRUST COLLECTION A/C BANK : CO-OPERATIVE BANK. BRANCH : CO-OPERATIVE HOUSE A/C NO: 01122190806600

How much is the minimum initial investment amount?

The minimum is Kshs 5,000.

How often do I receive statements?

PStatements are sent to all our clients monthly within the first 5 working days at no cost if via email while postal statements are charged Kshs. 50/

How do I withdraw my money?

Unit Trusts are non- contractual and as such you can withdraw at any time. The monies will be redeemed and transferred into your bank account on record within 2 – 4 working days.

Do I have to withdraw all my money at the same time?

No. Partial withdrawals are possible at any time. However, important to note is that we will transfer the withdrawal fees to you if you withdraw more than once within the same month.

What is CIC Money Market Fund

The CIC Money Market fund is a low risk fund which invests in diversified near cash holdings, high quality interest bearing investments and fixed deposits in the Kenyan market.
This fund is: Conservative, For the investor looking for a safe parking place for their funds and with a low risk appetite- preservation of capital, Ideal during times of stock market turbulence.

What is CIC Fixed Income Fund

The CIC Fixed Income Fund is moderate to medium risk fund which invests in a well diversified portfolio of fixed income securities issued by the Kenyan government and corporations. The fund is suitable for investors seeking a reasonable level of current income and a steady growth of their capital. 
CONTACTS:

0703099313
0703099347
0202823313
0202823347

E-MAIL:

cic.asset@cic.co.ke

Call Us: 0202823000 and +254 735750885.


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