USSD CODE : *778#

britam money market fund

Britam money market fund is suitable for investors who seek low risk , high interest portfolios, especially during times of high stock market volatility.

It offers capital stability and immediate liquidity since it invests in interest-bearing securities and other short term money market instruments.

KEY FEATURES

  • It is a low risk investment that gives an investor high interest returns

  • It provides capital preservation

  • Interest is earned daily

  • Ease of withdrawal of funds for investors.

FEES

Initial fee: Nil

Annual management fee: 2.5%

Minimum Investment: Ksh. 1,000

Minimum Additional Investment: Ksh. 1,000

FUND MANAGER

Fund managers are market professionals who promulgate analysis and research on capital markets securities, and advise investors on such securities at a commission.

They also manage portfolios of securities on behalf of clients pursuant to a contract.

Britam Asset Managers (Kenya) Limited,

5th floor, Britam Centre, at the junction of Mara Road and Ragati Road, Upperhill, Nairobi

Tel: 0703094091 or (020) 2833000

Email: clientservicesbaam@britam.com

TRUSTEE

A trustee has to be either a bank or financial institution. The trustee has to ensure that the custodian takes into custody all the CIS assets, and ensure it is well managed by the fund manager as per agreement of service.

KCB Bank Kenya Limited

KCB Tower, 7th Floor, Upper Hill

P.O. Box 30664-00100 Nairobi, Kenya

CUSTODIAN

The custodian must either be a bank or a financial institution and has to be approved by Capital Markets Authority ( CMA ) to hold in custody funds, securities, financial instruments or documents of title to assets registered in the name of local investors, East African investors, or foreign investors or of an investment portfolio.

The custodian appointed by Britam is:

Standard Chartered Bank of Kenya Limited

Standard Chartered Securities Services Kenya

Standard Chartered @ Chiromo, Level 5 48 Westlands Road

P O Box 40984-00100 Nairobi, Kenya

AUDITOR

Deloitte & Touche

Certified Public Accountants (Kenya)

Waiyaki Way, Muthangari

P.O. Box 40092- 00100 Nairobi, Kenya

APPLICATION FORMS

To open a money market fund account with Britam, download any of the forms below

APPLICATION REQUIREMENTS

1. Individual

  • Official Identification Document or current passport

  • Personal Identification Number certificate

  • Utility Bill (Electricity,water, proof of address letter not less than 3 months)

  • Proof of banking details (original cancelledcheque or certified letter from the bank orbank statement not more than three months old)

  • Investment cheque / deposit slip in correct fund)

  • Copy of birth certificate for minor (section 6)

  • Income Tax Exemption Certificate (If applicable)

2. Company

  • Certificate of Incorporation

  • Partnership – Partnership Agreement

  • Other Legal Entities – Constitution or other founding documents in terms of which legal person is created

  • Resolution/mandate authorizing the investment

  • Copy of PIN Certificate of the Organisation

  • Income Tax Exemption Certificate (if applicable)

  • Proof of Banking Details (Original cancelled cheque; or Bank statement (not more than three months);or Certified letter from the bank confirming account details, or Copy of ATM Card )

  • Investment Fund’s cheque or Deposit slip attached and in the correct fund

  • Official Kenyan identification document or, if not available current passport

  • Utility Bill (not more than three months old ); or-Lease/rental agreement; or-Electricity account; or-Water Bill

PAYMENT AVENUES

1. Bank Payment

  • Account Name: Britam Money Market Fund Inflow Account

  • Account Number: 0105016761600

  • Branch: CSC Head Office (Code 078)

  • Clearing Code: 02

2. MPESA Paybill Payment

Paybill number : 500005

STATEMENTS AVAILABILITY

Free account statements are sent monthly.

WITHDRAWALS

Withdrawal period is within 48 hours

CONTACTS

Britam Asset Managers (Kenya) Limited

Mara/Ragati Road Junction, Upper Hill 

P.O. Box 30375 – 00100,

E-mail: clientservicesbaam@britam.com NAIROBI, KENYA

Tel: +254 (020) 2833000, +254 703 094091, +254 703 094000

Mobile: +254 796 962 837