No.1 Guide to CIC Money Market Fund [with 10 insider tips]
Introduction to CIC Money Market Fund
CIC Money Market Fund is one of the most popular money market funds in Kenya.
This is evident as its the largest money market fund in Kenya by Assets under Management (AUM).
CIC Money Market Fund reviews in Kenyan social media and Google are off the charts.
In fact, based on the latest report by the Capital Markets Authority of Kenya, CIC Asset Management Limited had a total market share of 40.46% of the Kenyan unit trust market.

CIC Money Market Fund Fact Sheet
CIC Money Market Fund Fact Sheet
Here is a table summary of the CIC Money Market Fund Fact Sheet
URL: https://nashthuo.com/cic-money-market-fund/
Establishment | Largest MMF in Kenya |
Online Application – No forms! | https://bit.ly/CICIndiv |
Ease of Access | Web portal & Mobile app |
Distribution | Daily interest, credited monthly |
Effective Annual Yield | 9.4% (net of management fee) |
Annual Management Fee | 2% |
Minimum Initial Investment | Kshs 5,000 |
Minimum Additional Investment | Kshs 1,000 |
Initial Fee | Nil |
Risk Profile | Low |
Launch Date | June 2011 |
Trustee | KCB (Tier 1 Bank) |
Auditor | PwC (Big 4 audit firm) |
Custodian | Co-operative Bank (Tier 1) |
Fund Manager | CIC Asset Management Ltd |
How to join CIC Money Market Fund

Here is a step by step guide on how to join CIC Money Market Fund.
No need to meet an agent or go to any offices (Process is fully online to save time and keep you safe).
Thus, you can get started with CIC MMF even when out of Kenya.
Total Time: 15 minutes
Download the applicable form(s)

Fill in the applicable CIC Money Market Fund application form as shared below.
Append signatures

The sections of the form requiring a signature are marked with two red stars**
Fill in the residential details

Add your Kenya residential details e.g. name of the office, apartment or estate and the nearest road or town. The Land Registration number is optional if don’t have one.
Read this article for the Nairobi postal code and the rest of the Kenya postal codes.
If abroad, use your parent’s or own Kenya residential details. Otherwise, provide a certified foreign utility bill showing your name and residential details on it.
Complete the risk assessment

Complete the risk assessment to calculate your risk profile. You can override the results of the assessment if need be.
For example, you can invest in a money market fund even if it suggests the CIC Equity Fund and so on.
Include KYC documentation

See section below on the Know Your Client (KYC) documents needed for each type of application form.
Send the completed forms & KYC documents

Send the completed application forms and KYC documents to nashthuo@gmail.com
Scanned copies or clear photos are also accepted.
Expect your CIC unit trust account to be created within a day of submitting the above!
Account creation

I will then send an email for the account creation and copy you in.
The email will also include a free CIC Beginners Guide to help in your investment journey!
Do not send any money to CIC until you have been allocated a member number.
This is because your member number needs to be included as a reference any time funds are deposited into the CIC Money Market Fund.
Your member number will be sent to the registered contacts filled in the form (email and SMS).
The message may take a day due to the volume of new accounts created.
However, if there are any significant delays let me know so I can push for you as well as check it in the system.
Get exclusive benefits

Once your account has been mapped under my financial advisor code 02581, use this form to generate your free customized PDF wealth compounding report
Uncover the top 9 reasons to join CIC Money Market Fund and why its so popular in Kenya.
Supply:
- CIC Money Market Fund Application Forms
Tools:
- PDF Editor
Materials: KYC Documentation
CIC Money Market Fund application forms
Please note you will have to request access to Google Drive Folder. The folder has the signed forms and member only guides.
I normally grant access to these exclusive folders within 3 hours from when access is requested.
How to get the CIC MMF Forms via WhatsApp or Telegram
- Chat with me via this WhatsApp link or this Telegram link.
- Save my contact as Nash Thuo for it to work.
- Send a message with the word “secret” to activate the bot.
- Follow the bot commands to get the forms and other information on CIC MMF.
The above also works with Instagram. Just DM me the word “secret” to activate the bot!
KYC Requirements
The following Know Your Client (KYC) documentation is required to join CIC Money Market Fund (preferably in PDF format).
Notes on the KYC requirements
Ensure you include both Top and Back sides of the ID card.
If using a Passport, then include the Bio data pages.
The bank details have to be for a Kenyan Bank operating in Kenya Shillings.
Acceptable bank detail documentation is:
The bank account number must be visible in the bank detail submitted.
It also has to match to the bank account number filled in the application form.
Never share the back side of the ATM card.
Unscrupulous people can use it to make fraudulent purchases.
Only share the top side which normally shows the bank account number.
Nash Thuo
If there is no official passport picture, a clear picture of the signatory is also acceptable.
The KYC requirements are also listed in the last page of each application form.
KYC documentation is a MUST and the account won’t be opened without it.
You can also get the forms by sending me a chat via this WhatsApp link or Telegram link.
CIC Money Market Fund Video Guides
Here is a video on how to complete the CIC Money Market Fund Application Form
Here is a video on how the CIC Money Market Fund return is calculated
Subscribe to the YouTube Channel for more video tutorials.
Check out the Money Market Fund Kenya Bot.
It has an in-built CIC Money Market Fund calculator and also the latest CIC MMF interest rate as of September 2022.
CIC Money Market Fund interest rates
10 insider tips for your CIC Money Market Fund
Here are 10 tips to make the best out of your investment with the CIC Money Market Fund:
CIC Bank and M-Pesa details

Learn about the New MPESA charges for sending or receiving money via phone, ATM or MPESA agent.
The guide includes a curated list of transactions that are FREE via MPESA!
How to deposit into CIC Money Market Fund for free!
This section is not relevant for those with Co-operative bank accounts. This is because transfers will be free and instant as you share the same bank with the CIC Money Market Fund.
However, for those with other banks and want to avoid Bank and M-Pesa charges, here is a way to deposit money to CIC Money Market Fund for free!
- Go to the M-PESA menu and select Lipa na M-Pesa
- Then, Pay Bill option and enter paybill number 400200
- Then, enter account number 01122190806600
- Add amount and then the M-Pesa PIN
- You will receive a confirmation SMS from M-Pesa and from Co-operative Bank
- Forward the two messages above to cic.asset@cic.co.ke
- Remember to include your member number in the email above. This ensures quick allocation of the deposit to your CIC MMF account.
Please note, unlike when you use the CIC Money Market Fund’s paybill (600118), this method doesn’t allow you to input your member number.
Therefore it is VERY IMPORTANT to share the proof of deposit as per the guidance above.
The method remains FREE as of the time of writing but this may change in the future.
Other Valuable Guides
Here are links to other valuable content on this blog:
- Complete step by step guide to PayPal in Kenya
- Here is the link to the Free Personal Finance Lessons for Kenyans. The first 10 free lessons are ready for your learning!
- The Comprehensive Guide on How to Earn Money in Kenya
- Easily get your TSC payslip online
- Below are some short and sweet personal finance and investing lessons. Watch. Learn. Enjoy. Share.
Useful links
Here are some useful links to learn more about money market funds in Kenya:
- Get started with money market funds in Kenya and fully understand them.
- This link answers frequently asked questions about money market funds in Kenya.
- This links goes into detail on the benefits of money market funds in Kenya and why you need one.
- If you want to diversify, Sanlam Money Market Fund is a great option for a second account.
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Outro
Hope you found this article helpful and got some valuable insights.
Feel free to share it with your family, colleagues or friends who would be interested in a CIC Money Market Fund account.
I will ensure their account is created within a day of receiving the required documents!
They will also get access to premium reports and guidance once their account is mapped under my code (02581).
Good info and insight. Would like to join your list and also CIC
Thanks for the great feedback. You can send me an email to nashthuo@gmail.com
If you send the filled forms and the required documents as per the last page of the form to the aforementioned email address, will ensure your account is created within a day of receiving the same!