CIC Money Market Fund – Full Guide To Investing In 2024

CIC Money Market Fund Fact Sheet

Launch date

2011

Registered Office

CIC Plaza,
Mara Road, Upperhill
Nairobi, Kenya

Fund Manager

CIC Asset Management Ltd

Trustee

KCB

Custodian

Co-op bank

Auditor

PwC Kenya

Interest Rate

9.2%

Management Fee

2%

Initial Fee

Nil

Minimum Investment

Ksh 5,000

Minimum Top-Up

Ksh 1,000

Witholding Tax

15%

Statements

Monthly
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CIC Money Market Fund Registration

KYC Requirements

Individual

1. Copy of I.D or Passport
2. Copy of KRA PIN
3. Passport picture
4. Copy of bank details (cancelled cheque, ATM card copy or bank statement)

Corporate

1. Copy of I.D or Passport of signatories
2. Copy of company KRA PIN
3. Certificate of Incorporation
4. Copy of bank details(cancelled cheque, ATM card copy or bank statement)
5. Passport pictures of signatories
6. Board resolution or excerpt of minutes

Account Opening Options

Online Service Portal

1. Navigate to the CIC Online Service Portal
2. Click on ‘Invest’ tab and use the drop-down menu to choose your preferred joining type i.e. Individual, Joint or Corporate
3. Under individual registration, there are eight sections to fill in which include; personal info, risk assessment, bank details, documents upload, beneficiaries, general details, terms & conditions and indemnity
4. Under joint registration, there are seven sections to be completed which include; personal info, risk assessment, bank details, joint members, beneficiaries, general details and indemnity
5. Under corporate registration, there are six sections to be filled in accurately which are group info, risk assessment, bank details, signatories, general details and indemnity
6. Upon completion, submit and await response from CIC with your membership details

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Application Forms

Fill in the CIC Unit Trust Account Opening Form and attach the relevant KYC documents and send as an email to cic.asset@cic.co.ke

CIC Money Market Fund Deposit/Top Up Options

M-Pesa Paybill

Paybill No. Account No.
600118 Membership No.

Bank Transfer

Co-op Bank
Account Name: CIC Unit Trust Collection Account
Account No. 1122190806600
Branch: Co-operative House
Branch Code: 11
SWIFT Code: KC00KENA

Mobile App

1. Login to the CIC Asset App ( Android / iOS )
2. On the app’s dashboard, click on ‘Top Up’
3. Enter a minimum amount of Ksh 1,000
4. Select an account to Top-up i.e. Money Market
5. Select payment method i.e. M-Pesa
6. Enter a valid phone number
7. Input your M-Pesa PIN after the STK Push to complete payment

Online Service Portal

1. Login to your account via the CIC Online Service Portal
2. On the left menu, click on ‘Accounts’
3. Click on ‘Top Up’
4. Under the ‘Funds Top Up’ page, confirm the accuracy of your phone number
5. Proceed and enter the deposit amount and click on ‘Top Up’
6. An M-Pesa STK will pop up on your phone requiring that you input your M-Pesa PIN for the transaction to complete.

CIC Money Market Fund Withdrawal Options

Mobile App

1. Login to the CIC Asset App ( Android / iOS )
2. On the app’s dashboard, click on ‘Withdraw’
3. Enter minimum withdrawal amount of Ksh 1,000
4. Choose an account to debit i.e. Money Market
5. Select a payout method i.e. bank transfer

CIC Money Market View Statement Options

Online Service Portal

1. Login to the CIC Online Service Portal using your member number and password
2. Enter the 4-digit OTP sent to you via SMS and click verify OTP
3. In your dashboard, tap on ‘Accounts’ located at the left menu
4. Click on ‘View Statement’ to generate your statement in PDF format

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CIC Money Market Application Forms

CIC Unit Trust Individual Joining Form – Download

CIC Unit Trust Joint Joining Form – Download

CIC Unit Trust Corporate Joining Form – Download

To register online without the PDF versions, click on the relevant account type options below;

Individual / Joint / Corporate

CIC Money Market Fund Contact Details

Physical Address
Email
cic.asset@cic.co.ke
CIC Plaza,
Mara Road, Upperhill
Nairobi, Kenya
Phone
020 282 3000
0703 099 322
0703 099 120

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9 Responses

  1. Morning, I want to start investing in money market. How do I go about it.

    • Susan says:

      Hi Daniel, kindly reach me on [email redacted] . I work with Madison Investment Managers. I can walk you through the investment process of money market.

  2. Writer Dog says:

    Does this fund have a lock period? If i invest today, when is the earliest i can withdraw??

  3. Muthoni says:

    I wish to start investing here. How do i go about it

  4. edith muthoki nzyoka says:

    I WISH TO BE A MONEY MARKET AGENT..WHAT ARE THE REQUIREMENTS

  5. Cyprian Macharia says:

    Sincerely interested!

  1. October 26, 2021

    […] How To Join CIC Money Market Fund […]

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