Britam money market fund interest rates
A money market fund is a type of unit trusts that invests in low-risk investments with an element of guaranteed return such as fixed deposit accounts, treasury bills and commercial bonds. It invests in money market securities with a maturity of less than 12 months allowing for a higher than average rate of return as well as immediate liquidity. It invests in money market securities with a maturity of less than 12 months allowing for a higher than average rate of return as well as immediate liquidity. The income that the fund earns is accrued daily and distributed to the unit holders net of fund costs. The Britam Money Market Fund, seeks to provide investors with a competitive interest rate and capital preservation in the short term. The fund mainly invests in short term deposits which include: Government Treasury Bills, Treasury bonds, Commercial paper and bank deposits of less than 12 months maturity profile. With a minimum of Kshs. 1000, Britam’s Money Market Fund is considered one of the most affordable investment options in the Kenyan market. Previously, investors had to invest a Although the interest rate fluctuates, you get way better interest than you would in an ordinary bank savings account. Invest from as low as Kshs. 1,000. Earn Daily compounding interest (9-11%*) Ease of withdrawal - Within 48 hrs straight to M-Pesa; The Britam money market fund is your ideal investment option for cash you intend to use to meet
Money Market Fund Our Money Market Fund invests in high quality interest bearing investments, fixed deposits, and near cash holdings in the Kenyan market. This fund is recommended for the low-risk investor who prefers stability and security, and is especially ideal during times of stock market turbulence.
CBA Money Market Fund. This fund allows a minimum investment of Ksh. 5,000 and an additional investment of a similar amount. You will not be required to pay a joining fee, but you will be charged a 2 percent annual service fee. Money Market Rates Kenya . Money market rates in Kenya area very conducive for investors. Investors earn a daily compounding interest of 9- 11 per cent. The Britam money market fund is an ideal investment. The cash invested can meet short term goals, for instance, paying school fees, paying car, mortgage or land. The savings can pay for Chama or investment funds, family emergencies, welfares, weddings and other short-term projects. Moved Permanently. The document has moved here. And just like its counterparts in the financial services field, they also run a money market fund with no initial fee but a management fee of 2.5% p.a. They have also gone the extra mile of making the fund available on mobile by only dialing *778# BRITAM MONEY MARKET FUND. Suitable for investors who seek low risk, high interest portfolios; Offers capital stability and immediate liquidity . Capital is guaranteed. The fund invests in Money Market instruments i.e. Treasury Bills, Commercial Papers, Fixed Deposits Money Market Fund Our Money Market Fund invests in high quality interest bearing investments, fixed deposits, and near cash holdings in the Kenyan market. This fund is recommended for the low-risk investor who prefers stability and security, and is especially ideal during times of stock market turbulence.
8 May 2019 A money market account usually pays a higher interest rate than a bank savings account, but a slightly lower interest rate than a CD or the total
A money market fund invests mainly in fixed income securities with short investment duration and high credit quality. These fund aims to obtain a high level of
Asset Class Money Market; Geographical zone USA; Minimum recommended The exchange rates used to convert the benchmark and investment funds are the Interest-rate risk: The portfolio's weighted average maturity (WAM) remains
19 Feb 2018 Most Kenyans have embraced money market funds over the last 5 years, After the interest rate capping in 2017, banks have become more stringent on They include the likes of BRITAM insurance, CBA bank, Old Mutual, 26 Apr 2017 The Britam Money Market Fund will allow investors to invest from as low as returns from their investment by outperforming bank deposit rates. 4 May 2017 Britam Asset Managers, which is the Asset Management subsidiary of Britam Holdings Ltd is the latest to lower its money market fund investment amount especially after the interest rates capping law was passed last year. Money market investments in Kenya generally include trading in Treasury Bonds current interest rates of government securities, investors buying into the funds can however, the best options are Old Mutual, CIC, Britam and Amana Capital. 8 Jan 2020 USSD CODE : *778#Britam money market fund is suitable for investors who seek low risk , high interest portfolios, especially during times of A money market fund is a type of unit trusts that invests in low-risk investments with an element of guaranteed return such as fixed deposit accounts, treasury bills or in a commercial bonds. A money market fund invests mainly in fixed income securities with short investment duration and high credit quality. A money market fund is a type of unit trusts that invests in low-risk investments with an element of guaranteed return such as fixed deposit accounts, treasury bills and commercial bonds. It invests in money market securities with a maturity of less than 12 months allowing for a higher than average rate of return as well as immediate liquidity.
23 Sep 2019 Under this type of fund, funds are invested in liquid interest-bearing securities that have a The total AUM in Money Market Funds grew by an annualized rate of 23.2% to Kshs 56.5 bn in Britam Money Market Fund.
16 Dec 2019 The Market Fund seeks to provide investors with a competitive interest rate and capital preservation in the short term. The fund mainly invests in 10 Apr 2019 Before you settle for a money market fund, you need to ask questions to help you know if the product fits into your The daily interest rate is compounded and annualised. Britam Holdings Limited charges 2.5 per cent. 23 Sep 2019 Under this type of fund, funds are invested in liquid interest-bearing securities that have a The total AUM in Money Market Funds grew by an annualized rate of 23.2% to Kshs 56.5 bn in Britam Money Market Fund. Asset Class Money Market; Geographical zone USA; Minimum recommended The exchange rates used to convert the benchmark and investment funds are the Interest-rate risk: The portfolio's weighted average maturity (WAM) remains
And just like its counterparts in the financial services field, they also run a money market fund with no initial fee but a management fee of 2.5% p.a. They have also gone the extra mile of making the fund available on mobile by only dialing *778# CBA Money Market Fund. This fund allows a minimum investment of Ksh. 5,000 and an additional investment of a similar amount. You will not be required to pay a joining fee, but you will be charged a 2 percent annual service fee. Money Market Rates Kenya . Money market rates in Kenya area very conducive for investors. Investors earn a daily compounding interest of 9- 11 per cent. The Britam money market fund is an ideal investment. The cash invested can meet short term goals, for instance, paying school fees, paying car, mortgage or land. The savings can pay for Chama or investment funds, family emergencies, welfares, weddings and other short-term projects. Moved Permanently. The document has moved here. And just like its counterparts in the financial services field, they also run a money market fund with no initial fee but a management fee of 2.5% p.a. They have also gone the extra mile of making the fund available on mobile by only dialing *778# BRITAM MONEY MARKET FUND. Suitable for investors who seek low risk, high interest portfolios; Offers capital stability and immediate liquidity . Capital is guaranteed. The fund invests in Money Market instruments i.e. Treasury Bills, Commercial Papers, Fixed Deposits