The CIC Money Market is a low-risk fund that invest in a diversified portfolio of short-term interest-earning instruments.
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Why Money Market
The principal investments are Call and Fixed deposits with financial institutions regulated by the Central Bank of Kenya, Treasury bills, Government securities, and credit rated or publicly approved Commercial papers with a maximum weighted average tenure of 13 months. It offers capital preservations and interest income credited monthly.
FOR INVESTORS WHO :
- Capital preservation.
- A high degree of stability.
- A short term parking bay for surplus fund particularly in times of market volatility.
Key Features
- Initial fee: Nil
- Annual Management Fee: 2% Per annum.
- Minimum Investment: Kes 5,000.00.
- Minimum Additional Investment: Kes 1,000.00.
- Distribution:
- Risk profile: Low.
BENEFITS
- Liquidity: The client is able to withdraw their funds at short notice.
- Flexibility: The client is able to switch or transfer funds to another fund that he/she may have with CICAM.
- Security: The fund invests in low risk and liquid instruments.
- Competitive Returns: Interest is calculated daily and credited at the end of each month. As an institutional investor, the fund benefits from placing deposits in large sums and as such is able to negotiate for competitive rates.
- Professional fund management: Prospective investors benefit from the expertise of our seasoned professionals.
Trustee: KCB Bank Kenya Limited.
Custodian: The Co-operative Bank of Kenya Limited.
Auditors: PwC Kenya
Why Fixed Income Fund
The CIC Fixed Principal investments are; bonds issued by the Kenyan government and investment-grade corporate bonds with more than 60% allocation. Income is a medium to low-risk fund that invests in a diversified bonds portfolio.
A portion of the portfolio is invested in cash and cash equivalents to meet the liquidity needs of the fund. The fund offers semiannual dividends and conservative capital movements.
FOR INVESTORS WHO :
- To invest over the medium to long-term.
- Fixed streams of income.
- Seek a reasonable return from a well-diversified portfolio of bonds.
Key Features
- Management Fee: 1.50%
- Commissions: 0.50%
- Total Management Fees: 2.00%
- Trustee Fee: 0.15%
- Custody Fee: 0.10%
- Total Fees and Expenses: 2.25%
BENEFITS :
- Liquidity: The client is able to withdraw their funds at short notice.
- Flexibility: The client is able to switch or transfer funds to another fund that he/she may have with CICAM.
- Security: The fund invests in government and investment grade corporate bonds.
- Competitive Returns: Historical performance that is above set benchmarks and low transactional costs.
- Professional fund management: Prospective investors benefit from the expertise of our seasoned Investment Managers.
Trustee: KCB Bank Kenya Limited.
Custodian: The Co-operative Bank of Kenya Limited.
Auditors: PwC Kenya.
Why Dollar Fund
CIC Dollar Fund is suitable for clients who prefer US dollars denominated investments with a short to medium-term horizon. The fund generates return through investing in a diversified portfolio of high-quality money market and fixed income instruments with a maturity profile that ensures adequate liquidity is available to meet the withdrawals.
Principal investments are Treasury bills, Treasury bonds, Secure commercial papers, High-quality Corporate bonds, and High-quality Fixed and Call deposits denominated in US dollars both in the Kenyan markets and Offshore. It offers capital preservations and returns are in form of monthly interest.
FOR INVESTORS WHO :
- To invest over the short to medium term in US dollars.
- Capital preservation.
- Competitive return above the set benchmark.
Key Features
- Initial fee: Nil
- Annual Management Fee: 1.2% Per annum.
- Minimum Investment: USD 1,000.00.
- Minimum Top-Up: USD 100.00.
- Distribution: Monthly.
- Risk profile: Low.
BENEFITS
- Liquidity: The client is able to withdraw their funds on a short notice.
- Flexibility: The client is able to switch or transfer funds to another fund that he/she may have with CICAM.
- Security: The fund invests in a diversified portfolio of interest earning instruments denominated is US dollars.
- Competitive Returns: Interest is calculated daily and credited at the end of each month. As an institutional investor, the fund benefits from placing deposits in large sums and as such is able to negotiate for competitive rates.
- Professional fund management: Prospective investors benefit from the expertise of our seasoned Investment managers.
Trustee: KCB Bank Kenya Limited.
Custodian: The Co-operative Bank of Kenya Limited.
Auditors: PwC Kenya
Why Wealth Fund
CIC Wealth Fund is a low to moderate risk fund which invests in diversified high-yielding interest-bearing instruments. This fund is more aggressive than the money market fund. The objective is to attain an enhanced level of return.
The Fund manager uses a robust risk management framework to preserve invested capital. The investor can choose fixed placement tenure, which ranges from 3, 6, and 12 months.
FOR INVESTORS WHO :
- Capital preservation.
- Enhanced level of return with slightly elevated risk profile compared to Money market.
- Ideal for short term cash management.
Key Features
- Initial fee: Nil
- Annual Management Fee: below 5.0% Per annum.
- Minimum Investment: Kes 5,000,000.00.
- Minimum Additional Investment: Kes 1,000,000.00.
- Investment Periods: 3, 6, 12 Months.
- Risk profile: Low-Medium.
BENEFITS
- Liquidity: The client is able to withdraw their funds at short notice with no penalty fees.
- Flexibility: The client is able to switch or transfer funds to another fund that he/she may have with CICAM.
- Security: The fund invests in a diversified short term interest earning instruments.
- Competitive Returns: Enhances level of return within a robust risk management framework.
- Professional fund management: prospective investors benefit from the expertise of our seasoned investment managers.
Trustee: KCB Bank Kenya Limited.
Custodian: The Co-operative Bank of Kenya Limited.
Auditors: PwC Kenya
Frequently Asked Questions on CIC Investment Solution
What is the minimum investment for the Equity Fund?
The minimum investment amount is kshs.5, 000 and minimum top ups of kshs.1, 000. It is always recommended that you invest in lump sum amounts to benefit from the funds.
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.
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.
