USSD CODE: *809#

Cytonn money market fund

Cytonn Money Market Fund (Ksh) is a product of Cytonn Asset Managers Limited (CAML), the regulated affiliate of Cytonn Investments Management Plc.

CMMF invests in high-quality interest-bearing investments, fixed deposits, and near cash holdings in the Kenyan market.

Advertisements

FEATURES

The CMMF has no entry or exit fee, interest earned is compounded on a daily basis at competitive rates based on the market while maintaining your capital.

FEES

Advertisements

Initial fee: Nil

Annual management fee: 1.5%

Minimum Investment: Ksh100

Minimum Additional Investment: Ksh100

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.

Advertisements

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

Cytonn Asset Managers Limited

3rd Floor, Liaison House State House Avenue,

P.O. Box 20695 – 00200

Nairobi, Kenya

+254 (0)20 4400420

info@cytonn.com

Advertisements

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.

The Co-operative Bank of Kenya Limited

Co-operative House Haile Selassie Avenue

P.O. Box 48231 – 00100

Nairobi, Kenya

Tel: +254 703 027 000

Email: customerservice@co-opbank.co.ke; custodial@co-opbank.co.ke

CUSTODIAN

Advertisements

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.

KCB Bank Kenya Limited,

KCB Tower, 7th Floor,

Junction of Hospital and Kenya Road, Upper Hill,

P.O. Box 48400

Nairobi, Kenya

APPLICATION PROCEDURE

One can apply for the CMMF via 2 processes

APPLICATION REQUIREMENTS

1. Individuals / Joint

  • Copy of ID or Passport
  • Copy of PIN (TAX) certificate
  • Copy of tax exemption certificate (where applicable)
  • Passport picture
  • Proof of banking details- RTGS, EFT or any other electronic funds transfer instructions document containing your bank details/ Cheque/ Bank Statement (not more than 3 months old) or certified letter confirming bank account details.
Advertisements

2. Corporate

– Founding Documents:

  • Companies – Certificate of Incorporation or
  • Partnership – Partnership Agreement or
  • Other legal entities – Constitution or other founding documents

– Other Documents:

  • Resolution mandate authorizing the investment by the entity,officers authorized to transact on behalf of the entity and their signing mandate.
  • Companies – Certificate of Incorporation or
  • Copy of PIN (TAX) certificate
  • Copy of tax exemption certificate (where applicable)

– Documents from Authorized Representative:

  • Copy of ID or Passport

– Proof of banking details shall be any of the following:

  • RTGS, EFT or any other electronic funds transfer instructions document containing your bank details or Cheque or Bank Statement (not more than 3 months old) or certified letter confirming bank account details.
Advertisements

PAYMENT AVENUES

1. Bank

  • Account Name: Cytonn Unit Trust Collection A/C
  • Account No: 1222 1595 46
  • Bank & Branch: KCB bank kenya Ltd KCB custody or KCB investor services.
  • Clearing code: 01133

2. M-PESA

  • Paybill No: 597745
  • Account No: (Clients name for first time remittance after which the client is to use client code as will be assigned)
Advertisements

CONTACTS

Cytonn Asset Managers Limited3rd Floor, Liaison House State House Avenue,

P.O. Box 20695 – 00200 Nairobi, Kenya

+254 (0)20 4400420

info@cytonn.com