WHAT IS Madison Money Market Fund

This is an excellent avenue for investment that offers you the opportunity to earn a competitive return as you save to meet your various financial needs. It is for individuals seeking to build up their savings or for those who want to keep their funds for a short period of time. The fund objective is to ensure that there are capital preservation and competitive returns to beat inflation whilst ensuring sufficient liquidity of withdrawal on short notice.  These include Treasury bills & bonds and also corporate financial instruments such as bank deposits and commercial papers.

BENEFITS

  • No entry or exit fee.
  • High liquidity – 2 working days notice
  • Competitive yields
  • Monthly compounding of interest.
  • Money market fund is not term-based and does not attract penalties on withdrawals.

how it works

  • The initial investment amount of minimum Kes 5,000, no maximum limit.
  • Minimum top-up Kes. 1,000.
  • Withdrawals are processed at T+2 working days.
  • You invest based on your savings plans, objectives, and availability of the funds.
  • Unlimited access to your money without losing your investment and interest gains with the option of reinvesting.
  • The interest is quoted net of management fee and published daily in the newspapers allowing ease of monitoring performance.
  • The funds are held in Equity Bank.
  • Custodial account and the activities of this fund are overseen by KCB Trustees.

You can also make an enquiry

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