What is a Money Market Fund?
At Old Mutual, you can invest in a Kenya Shilling money market fund of USD (Dollar). Money Markert fund.
Regular Interest: Earn interest on your investment, calculated daily and allocated to your account monthly.
Investment Flexibility: Easily switch your investment between different funds offered by our company to adapt to your changing goals.
Fast and Easy Access: Enjoy quick and convenient withdrawals with options like M-Pesa and EFT.
Zero Entry Fees: Invest without any initial charges, making it easier to get started.
Ongoing Support: Receive monthly financial statements and access to valuable investment advice from our team.
Automated Investing: Set up a Cash Flow Plan to automate regular transfers from your money market fund to your designated account or other investments within our company.
Investment as Collateral: Utilize your money market fund account as security for a loan (subject to approval).
Multiple Access Points: Conveniently manage your account through USSD, web platform, and mobile app.
Low-Risk Investment: The money market fund invests in short-term securities, minimizing exposure to market fluctuations and interest rate risk.
Diversified Portfolio: Your investment is channeled into a well-diversified portfolio of low-risk assets, including:
Corporate and Treasury Bonds issued by reputable institutions
Fixed Deposits with a short maturity period
Treasury Bills issued by the Kenyan government
Investment Flexibility: There is no fixed investment term, allowing for easy access to your funds when needed.
Multiple Contribution Methods: Invest conveniently through direct debit, M-Pesa, cheques, or standing orders.
Free Withdrawal: Enjoy one free withdrawal per month. Additional withdrawals may incur fees.
- Minimum initial investment of Ksh 1,000.
- Subsequent top-up contributions of at least Ksh 1,000.
- Minimum age of 18 to participate, with no upper age limit.
- No maximum investment amount.
Money market funds are ideal for investors seeking a safe and liquid investment option with regular returns. They are a good starting point for new investors or those saving for short-term goals.
INVEST TODAY
USSD: By dialling *480# on your i-INVEST registered phone number and selecting the invest option.
Standing Order: Place a standing order by providing instructions to your bank to pay to your unit trust account.
M-PESA Pay: Pay via your mobile phone. The M-PESA Pay Bill number is 600500. The Account Number refers to your unit trust account number.
Bank Transfer: You can transfer funds from your bank account to our various Inflow Accounts at KCB provided:
KENYA COMMERCIAL BANK, CUSTODY SERVICE BRANCH
Old Mutual Money Market Fund
• Account Name: Old Mutual Money Market Fund
• Account No. 1102369705
Old Mutual Balanced Fund
• Account Name: Old Mutual Balanced Fund
• Account No. 1102370444
Old Mutual Equity Fund
• Account Name: Old Mutual Equity Fund
• Account No. 1102370754
Old Mutual Bond Fund
• Account Name: Old Mutual Bond Fund
• Account No. 1102400750
Old Mutual Dollar Money Market Fund
• Account Name: Old Mutual Dollar money market Fund
• Account No. 1318304717
Swift Code: KCBLKENX
KCB CUSTODY BRANCH CODE 01133
For any queries, contact us at clientservices@oldmutualkenya.com or call us on 0711 065 100.
You can start from the convenience of your mobile phone. Simply dial *480# or visit https://www.oldmutual.co.ke/investment/investment-portal/ to open an account. Start saving and watch your money grow.
For applications we will require the following attachments:
Copy of the ID or Passport
Certified bank statement or ATM card
Copy of PIN certificate
Note that, Corporate applicants have additional requirements as per the checklist on the form.
You can visit any of our offices and fill in the application forms or request a financial advisor to visit you and guide you through the sign up process.
Familiarise yourself with the fund information to make the right investment decision.