The Cytonn market fund is a product of the Cytonn Asset Managers Limited (CAML). The company is an affiliate of the Cytonns Investments PLC.
The money market fund invests in high-quality interest-bearing investments such as fixed deposits and near cash.
It is ideal for the risk-averse investors who lean towards stability and security for capital invested.
The main objective of the fund is to, obtain a high level of current income while protecting the investors capital and liquidity.
The funds are a powerful way to secure your financial future. Ranging from the relatively high levels of investment security and rates of return, the low investment risk, zero-entry fees and benefits of professional management.
Cytonn Money market Fund Features
There are no entry or exit fees applied. Investors are at free will to join or leave the investment.
Interest is calculated on daily basis and credited to the client’s account
Like an investor, you are guaranteed competitive rates based on the market.
The minimum investment amount is KSh1000 with no minimum top-up applied.
Only a 2 per cent annual management fee is applied.
The client can invest via MPesa playbill 775093 through a client code given by the fund.
You can invest or withdraw up to an amount of KSh70,000 on a 24-hour system USSD code *809#
The fund provides capital preservation for investors.
Read also: The CIC Group Money Market Fund (Who Should Invest)
How to Join The Cytonn Money Market Fund
You can join as an individual or joint application.
Below is a list of requirements you ought to fulfil to join the fund.
For individual application, the following is required:
- Personal information- this includes Name, contact details, ID/passport number and residence.
- Your employment status- this includes the present occupation and employer’s name or for the self-employed, state the business sector you are in.
- Select your preferred mode of contact and payment.
- Ksh1000 for investment.
A joint application applies for two or more people. The following are requirements to join the fund as joint investors.
- Personal information, this includes the names of both applicants, email addresses, ID/Passport, gender, physical location and contact details.
- Employment information for both applicants
- Explain the source of funds to invest.
- Give out bank details, payment and withdrawal method.
- Identify the fund you want to invest in as well as the investment period.
- Disclose optional email indemnity.
- Do a risk assessment test
- Select signatories.
- Give financial advisor details.
Benefits of The Cytonn Money Market Fund
1. Low risk
Most importantly, the goal of planning for your future is. To create a favourable balance between the safety of the principal investment and generating an adequate return from it.
The key features of the Cytonn money market fund are that the principal is relatively secure. Unlike other investment avenues such as equities that are typically high risk, a money market fund bears the low risk which makes it more secure.
2. High returns
The Cytonn money market funds offer high returns on investments.
The fund compounds investors interest daily which translates to competitive returns on investment.
The fund generated an average return on investments of about 11.0 Per cent per annum over the last 12 months.
3. Economies of scale
The fund pools money from several investors
It puts money in different investments that would otherwise be out of reach for individuals. Thus, they benefit from the economies of scale created.
4. Professional management
Professional fund managers control the money market. They provide expert information that benefits investors for instance, on how to secure future financial stability.
Professional fund management relieves investors of the burden of research and decision-making. That then leaves the investors free to concentrate on other pursuits.
Money market funds are typically highly liquid.
The money you invest in the fund goes to trading in securities that are in fairly high demand.
This means as an investor, you can get your money within a few business days as well as buy and sell them with comparative ease
6. Funds Preservation
As a low-risk fund, It seeks to preserve the Investors capital.
They as well get above-average returns a outperforms the yield on all available money markets instruments like Treasury bills and fixed deposits.
Through this, they are able to maintain a healthy diversified portfolio.