9 Top Reasons to join CIC Money Market Fund
Why invest with CIC Money Market Fund
Here are 9 top reasons to join CIC Money Market Fund:
- Consistent returns
- Compounding
- Ease of investment
- Ease of top ups
- Ease of withdrawal
- Ready access to information
- Professional fund management
- Flexibility
- Tax benefits
We will go over each in detail below.
Click on the plus sign (+) to see what is underneath each pane:
The CIC Money Market Fund is known for offering competitive and consistent returns in the Kenyan Market.
You can find the latest CIC Money Market Fund interest rates in the section below as well as through the Money Market Kenya Bot.
Consistent returns are great for your financial planning efforts and taking advantage of the power of compound interest.
CIC Asset Management will calculate the interest on your investment daily and compound it automatically every month.
Read about using the power of compound interest to grow your wealth in Kenya.
Otherwise, watch a video tutorial on the power of compounding.
I recommend you reinvest the interest earned so as to maximize the power of compound interest.
You should also invest for a long period to allow compounding to grow your money.
At the very least, plan to invest for at least an year in the CIC Money Market Fund.
Your investment journey with CIC Money Market Fund is easy on your pockets!
You only need a minimum initial investment of Kshs 5,000 to get started.
There are no initial fees charged to join CIC Money Market.
The minimum top up to the CIC money market fund is Kshs 1,000.
Please note there is no requirement to top up your account.
You can also top up with any amount and as frequently as you want as long as it is Kshs 1,000 and above.
CIC money market fund withdrawal is super easy and fast!
You can withdrawal via the online portal or by sending an email to the address I will share when we create your account.
You will receive your funds within 3 days or less!
You can log into the CIC Money Market Fund portal and access your daily and monthly statements as well as the latest performance data.
You get access to the largest money market fund manager in Kenya and the accompanying wealth of experience
You can start off with a money market fund and then diversify to the other CIC unit trusts that are riskier but could potentially offer higher returns.
The other CIC Asset Management Limited unit trusts available are:
- CIC Wealth Fund
- CIC Fixed Income Fund
- CIC Equity Fund
- CIC Balanced Fund
Income earned by the CIC Money Market Fund is tax exempt.
This allows it to pass on the benefits to its unitholders in form of higher returns.
Further, the underlying investments compound tax free.
However, interest accrued to the individual is taxed at a preferential rate of 15% withholding tax.
This is also a final tax i.e. you won’t pay any other tax on the interest earned from CIC MMF.
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