UAP Old Mutual Money Market Fund (How To Get Started)

The UAP Old Mutual money market fund invests in money market instruments such as fixed deposits and near-cash investments.

The fund aims at, providing a steady income growth, reasonable current income and stability for the capital invested.

Investors can join as either an individual or jointly.

The service is also available online via mobile services through the fund USSD code *480#.

How to Get Started With The UAP Old Mutual Money Market Fund

  1. Have a driving on goal and clear objective of why you want to invest in the fund.
  2. Know your risk appetite, for instance, the maximum risk you can endure when a fall happens before considering to pull out.
  3. Know how much time you need to reach your target goal.

How To Join UAP OLD Mutual Money Market Fund

Individual Application

An individual applicant has to fulfil the following  to join the money market fund:

  1. Name, ID or passport number and email address of the applicant.
  2. customers certified bank details and signatures.
  3. Indicate the investment details
  4. Give a copy of the KRA pin certificate
  5. Indicate a regular top op amount and payment method
  6. The minimum investment amount of KSH1000

Joint Application

For joint applications,  the  applicants must adhere to the requirements below:

  1. The names of people who want to invest jointly.
  2. ID or passport numbers, email addresses of the applicants.
  3. customers bank details and signatures.
  4. Indicate the investment details and preferred mode of receiving interests.
  5. Give the KRA pin certificate
  6. Indicate a regular top-up amount and payment mode.
  7. The minimum amount of Ksh1000.

Read also: The Britam Money Market Fund (How To Join)

How to Withdraw Funds From The UAP Old Mutual Fund.

Individual applicants withdraw their investments by writing an email instruction to the fund managers indicating the account details and the amount they wish to withdraw or by visiting any of branches.

Joint account holders can issue an email withdrawal instructions if either signatory has the right to instruct a withdrawal. Alternatively, both signatories can visit any of the branches and request a withdrawal.

Corporate clients must submit signed instructions via email or by visiting any of the fund’s outlets.

How to withdraw

Withdrawal instructions are sent by  [email protected]. Withdrawals to new accounts can only be done at the UAP Old mutual outlets.

Withdrawals are deposited to either bank or MPesa accounts.

Read also: The CIC Group Money Market Fund(Who Should Invest)

Benefits of The UAP Old Mutual Money Market Fund

The following are advantages that come with investing in the UAP Old Mutual money market fund:

Liquidity

Investors can withdraw funds on short notice at any given period. The fund pays you back without any service charge.

Investors can make one free monthly withdrawal and subsequent withdrawals charged Ksh800 only.

Investment Portfolio

The securities to be invested in the Old Mutual Money Market Fund and their book value limits are authorised and secure.

The fund has Securities issued by the government of Kenya up to 80 per cent. Securities listed on a stock exchange in Kenya are up to 80 per cent.

Also, investors have access to off-shore deposits of up to 10 per cent. The offshore deposits include debt securities held in Dollar, Euros or Pound currencies

They are as well eligible to near cash deposits of up to 10 per cent.

Risk Profile

This fund is perfect for investors who are keen on benefiting from yield interest earned.

It offers investors with a  conservative low-risk and safe parking place for their funds.

It is ideal during times of stock market volatility and uncertainty.  For better yields, clients ought to invest their money for at least a year.

Static Fund Prices

The fund prices of the Old Mutual Money Market Fund is KShs 1 and remains static.

The yield changes daily as well as the interest portion of the assets purchased by the fund for the investor which makes it a suitable product.

Interest earned is calculated daily and credited to the investor’s account monthly.

Distribution

The Old Mutual Money Market Fund distributes income every month.  The Income distributed in the Money Market Fund consists of interest accrued from the purchase assets of the fund

 

Get in Touch

Recommended

List of SACCOS in Kenya (2020)

In this article, we list all the best Saccos in Kenya in 2020. So you just got a job or started your business that you...

Recently Published

Leading Investment Companies in Kenya 2020

In today's world, it is very hard to easily rank the leading investment companies in Kenya. As there is very limited information out here about...

Top Fund Managers in Kenya

There are over 20 fund managers in Kenya. They include banks and insurance firms that oversee mutual funds, conduct research, and make investment decisions...

How to Survive a Bear Market

How can an investor survive a bear market in Kenya? We might be experiencing one of the fastest hitting bear markets as a result...

How to make a stable income on Forex

How to make a stable income on Forex is always considered an impossible thing to achieve by the newbies. However, it is very important to...

How to Invest in Kenya in 2020

Today, we are going to look at how to invest in Kenya. There are a variety of ways where one can earn significantly good...