Old Mutual Money Market Fund- All You Need To Know About It In 2023

USSD CODE: *480#

old mutual money market fund

Old Mutual Money Market Fund’s guiding principles are to make investements that minimize losses while maximizing on returns through first class money market instruments spread between institutions of repute.


Initial fee: Nil

Annual management fee: 2%

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.

Old Mutual Investment Group (Kenya) Limited,

UAP Old Mutual Tower, Upper Hill Road,

P.O. Box 11589, 00400, Nairobi, Kenya.


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, Junction of Hospital and Kenya Road, Upper Hill,

P.O. Box 48400 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 Old Mutual is:

KCB Bank Kenya Limited,

KCB Tower, 7th Floor, Junction of Hospital and Kenya Road, Upper Hill,

P.O. Box 48400 Nairobi, Kenya


PricewaterhouseCoopers Limited

PwC Tower, Waiyaki Way/Chiromo Road, Westlands

Nairobi, Kenya

Application Forms

Application forms can be obtained by visiting any of the Old Mutual offices and fill in the application forms or request a financial advisor to visit you and guide you through the sign up process.

Application Requirements

Applications can be made via 2 options

  1. Mobile – Dial *480# and follow the prompts to set up the MMF account.

  2. Offline- Requires submission of various documents.

Payment Avenues

1. Bank Payments

Bank Deposits to the Unit Trust can be made through:

  • Bank: Kenya Commercial Bank

  • Branch: Custody Services Branch

  • Branch No. 04 Clearing Code: 01-133

  • Swift code: KCBLKENX

  • Account Name: Old Mutual Money Market Fund

  • Account No: 110-236-970-5

2. MPESA Payment

  • Go to Lipa na M-Pesa from your M-Pesa menu, then select Pay Bill.

  • Send your investment to Paybill Number 600500. 

  • The Fund Account Number will be your Account Number

Statements Availability

Statements are sent monthly


The fund allows one free monthly withdrawal, while every other withdrawal you make within the same month will attract a Kshs. 800.00 fee


UAP Old Mutual Tower, Upper Hill Road,

P.O. Box 43013 – 00100, Nairobi, Kenya.

Tel: +254 20 2850 000

Mobile: +254 711 065 000

Call Centre: +254 711065100 / +254 711010100


Categories: Money Markets

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  1. How To Invest In Money Markets And Build Wealth In Kenya [2021] – Konvigilante

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