Sanlam money market fund

Sanlam Money market fund ( PESA+) aims to deliver a higher level of income compared to average banks’ fixed deposits. Capital preservation is of primary importance and the fund offersimmediate liquidity.

The fund invests in a range of money market securities including higher yielding fixed and call deposits, treasury bills and investment grade commercial paper. The fund usually invests in money market instruments with a maturity of less than one year.

KEY FEATURES

This Fund offers:

  • Security: The Fund’s investment objective is capital preservation

  • Efficiency: Quick and easy access to funds. You can access your funds at any time.

  • Competitive interest: We have an experienced team of investment managers to achieve consistent returns while managing risk.

  • The Fund offers monthly compounding of interest that is calculated daily and distributed monthly into the client’s account

  • The Fund is an ideal investment option for individuals, corporates and joint investors

FEES

Initial fee: Nil

Annual management fee: 1.2%

Minimum Investment: Ksh. 2,500

Minimum Additional Investment: Ksh.

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.

Sanlam Investments Limited,

3rd Floor, Sanlam House, Kenyatta Avenue,

P.O. Box 7848-00100, Nairobi, Kenya.

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.

Stanbic Bank Kenya Limited

CfC Stanbic Center, Chiromo Road, Westlands

P.O. Box 30550-00100, Nairobi

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 Sanlam is:

Stanbic Bank Kenya Limited,

Stanbic Centre, 2nd Floor Chiromo Road, Westlands,

P.O. Box 72833-00200, Nairobi, Kenya.

AUDITOR

PricewaterhouseCoopers Limited

PwC Tower, Waiyaki Way/Chiromo Road, Westlands Nairobi, Kenya

APPLICATION FORMS

To open a money market fund account with Sanlam, Download your preferred forms below

APPLICATION REQUIREMENTS

1. Individual

  • Certified copy of national ID card or passport

  • Copy of PIN (tax) certificate

  • Certified copy of Passport photo

  • Certified proof of banking details. Certified Original bank statement for the last 6 months or certified copy of cancelled cheque or ATM.

  • Copy of utility bill in the name of the investor or residential address form

  • Completed risk assessment form

  • Proof of investment e.g. bank transfer, deposit slip or cheque

2. Joint

  • Certified copy of national ID card or passport

  • Copy of PIN (tax) certificate

  • Certified copy of Passport photo

  • Certified proof of banking details. Certified Original bank statement for the last 6 months or certified copy of cancelled cheque or ATM.

  • Copy of utility bill in the name of the investor or residential address form

  • Completed risk assessment form

  • Proof of investment e.g. bank transfer, deposit slip or cheque

3. Company

  • Certified copy of national ID card or passport for all signatories as follows:

    • Registered company: Board Chairman and Managing Director

    • Trust: Trustees

    • Partnership: Partners

    • Sole Traders: Principal Owner

    • Welfare group: Authorised signatories and officials (executive or management committee)

  • Copy of PIN (tax) certificate of all directors

  • Certified Certificate of Incorporation

  • Certified copies of passport size photos of all signatories

  • Completed risk assessment form

  • Audited financial statement for the last (1) year

  • Memorandum and articles of association

  • Proof of resolution (Minutes) to act on behalf of the company signing mandate and authorised signatories

  • Certified proof of banking details. Certified original bank statement for the last 6 months or certified copy of cancelled cheque or ATM.

  • Proof of residence utility bill (water / electricity) in the name of the corporate or residential address form

  • Proof of investment i.e. bank transfer, deposit slip or cheque

PAYMENT AVENUES

1. Bank Payment

  • Account Name: SANLAM UNIT TRUST

  • Bank: STANBIC BANK

  • Branch: KENYATTA AVENUE

  • Account No: 0100003738118

  • Swift Address: SBICKENX

  • Bank code: 31002

  • Currency: KES

2. MPESA Paybill Payment

Paybill Number: 888111

STATEMENT AVAILABILITY

All statements are sent monthly through email.

CONTACTS

Sanlam Investments East Africa

Africa Re Centre, 5th Floor, Hospital Rd,

P.O Box 67262, 00200 Nairobi, Kenya

Telephone: +254 (0)20 496 7000 | +254 719 067000 | +254 722 207 842 | +254 733 207 842

E-mail: info@sanlameastafrica.com