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Why Money Market Fund

The CIC Money Market is a low-risk fund that invest in a diversified portfolio of short-term interest-earning instruments.

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.

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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:0% Per annum.
  • Minimum Investment: Kes 5,000.00.
  • Minimum Additional Investment: Kes 1,000.00.
  • Distribution: Monthly
  • 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 Board Endowment Plan

Board members hold key pillars in any company since they are the ones who make the decisions concerning major issues.

The Board Members Insurance Plan is an investment plan that pays cash benefit to the board member when the member leaves the Board through retirement or non-re-election. The policy term is 12 years.

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Frequently Asked Question on CIC Saving Solution

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

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.

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.

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