USSD CODE : *778#
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.
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.
Initial fee: Nil
Annual management fee: 2.5%
Minimum Investment: Ksh. 1,000
Minimum Additional Investment: Ksh. 1,000
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
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
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
Deloitte & Touche
Certified Public Accountants (Kenya)
Waiyaki Way, Muthangari
P.O. Box 40092- 00100 Nairobi, Kenya
To open a money market fund account with Britam, download any of the forms below
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)
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
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
Free account statements are sent monthly.
Withdrawal period is within 48 hours
Britam Asset Managers (Kenya) Limited
Mara/Ragati Road Junction, Upper Hill
P.O. Box 30375 – 00100,
E-mail: firstname.lastname@example.org NAIROBI, KENYA
Tel: +254 (020) 2833000, +254 703 094091, +254 703 094000
Mobile: +254 796 962 837
Categories: Money Market