Investing your savings is a powerful way to secure your financial future, and if you’re looking for a low-risk, stable investment option in Kenya, the Old Mutual Money Market Fund might be exactly what you need. This fund offers individuals and businesses an excellent opportunity to preserve capital while earning predictable returns. Here’s everything you need to know about this money market fund and how you can start growing your savings today.
Old Mutual Money Market Fund Overview
The Old Mutual Money Market Fund is designed to help investors maintain capital stability while achieving reasonable returns. This is achieved through a diversified portfolio of Treasury bills, corporate notes, bank fixed deposits, and call deposits. It’s an ideal choice for individuals looking to begin their investment journey or build an emergency fund.
Key Features
- Minimum Investment: Varies by fund. Check the online portal for the specific details of each fund.
- Investment Type: Treasury bills, corporate notes, fixed deposits, and call deposits.
- Liquidity: Funds are accessible within a few days.
- Return Frequency: Monthly returns, with an option to reinvest to maximize growth.
- Risk Profile: Low-risk, focusing on capital preservation.
- Portfolio Management: Managed by professionals for steady growth.
Benefits of Investing in Old Mutual Money Market Fund
- Immediate Liquidity: Withdraw your funds within a few days if necessary.
- Low Risk: Designed to protect your initial capital while providing stable returns.
- Capital Stability: The fund aims to outperform inflation, ensuring the value of your investment grows steadily.
- Flexible Investment: You have the option to reinvest your returns or withdraw them directly to your bank account.
- Switch Between Funds: Optimize your investments by moving your funds across different Old Mutual funds for better diversification.
- Cash Flow Planning: You can set up a plan for your regular cash needs, ensuring your financial goals are met on time.
How the Fund Works
The Old Mutual Money Market Fund pools together the money of its investors into a well-diversified portfolio composed of high-quality, short-term financial instruments. These include:
- Government Securities: Such as Treasury bills, which are backed by the Kenyan government.
- Corporate Debt: Investment in well-rated corporate notes and bonds.
- Bank Deposits: Fixed and call deposits with reputable banks.
The daily income generated from these investments is accumulated and distributed monthly, allowing you to compound your returns over time. This makes the fund ideal for both short-term savings goals and as an emergency fund.
How to Start Investing in the Old Mutual Money Market Fund
Step 1: Open an Account
To start investing, visit the Old Mutual Investment Portal here or dial *USSD 480# on your i-INVEST registered phone.
Step 2: Submit KYC Documents
To complete your registration, submit the following documents:
- A copy of your National ID or Passport.
- A certified bank statement or ATM card.
- A copy of your PIN certificate.
(For corporate applicants, additional requirements are available on the application form.)
Step 3: Fund Your Account
You can fund your account in the following ways:
- USSD: Dial *480# and select “Invest”.
- M-PESA Paybill: Use Paybill number 600500, entering your unit trust account number.
- Bank Transfer: Use KCB Custody Service Branch accounts for various Old Mutual funds.
Step 4: Monitor Your Investment
You can track your returns and monitor your account performance through the Old Mutual Investment Portal or via the USSD service.
Fund Access and Withdrawals
- Funds can be withdrawn to your bank account at any time.
- There are no penalties for early withdrawals.
- Monthly distributions can either be reinvested or paid directly to your bank account.
- You also have the option to switch between other Old Mutual funds to ensure your investment strategy remains diversified and aligned with your financial goals.
Contact Information
- Phone: 0711 065 100
- Email: [email protected]
- Online Portal: Investment Portal
- Bank Details for Funding:
- KCB Custody Branch:
- Account Number: 1102369705
- Swift Code: KCBLKENX
Key Takeaways
- The Old Mutual Money Market Fund is perfect for those looking for a low-risk, capital-preserving investment.
- You can reinvest your monthly returns to maximize growth.
- The fund offers immediate liquidity, allowing you to access your funds quickly.
- It provides flexible access to funds and a professional management team that ensures steady performance.
By investing in the Old Mutual Money Market Fund, you can rest easy knowing that your savings are working for you with minimal risk and maximum growth potential.
