Madison Money Market Fund Fact Sheet
Launch date |
|
Registered Office |
Madison House, 2nd floor Upper hill Close P.O. Box 20092-0100, Nairobi, Kenya |
Fund Manager |
Madison Investment Managers Ltd |
Trustee |
KCB |
Custodian |
Equity bank |
Auditor |
Delloite & Touche |
Interest Rate
|
9.5% |
Management Fee |
2% |
Initial Fee |
Nil |
Minimum Investment |
Ksh 5,000 |
Minimum Top-Up |
Ksh 1,000 |
Withholding Tax |
15% |
Statements |
Monthly |
Madison Money Market Registration
KYC Requirements
Individual/Joint
1. Copies of all applicants IDs/ Valid Passports
2. Utility bill (not more than 3 months old): or lease/rental agreement or fill residential confirmation form
3. Proof of banking details
4. Copy of KRA Pin or Tax Exempt certificate (if not taxable)
5. A passport size photo for all applicants
6. Proof of Funds for Individuals/Joint Applicants investing 1 million and above
Corporate
1. Certificate of incorporation/Registration
2. Copy of Signatories ID
3. KRA PIN Certificate for Company (Tax Exemption Certificate Where Applicable)
4. KRA PIN Certificate for Signatories
5. Passport size photo for each signatory.
6. Board resolution to open the account & appoint the signatories for the account.
7. Utility bill e.g. lease/rental agreement or Business Permit
8. Proof of bank details
9. CR12 and CR13 or Memorandum and Articles of Association
10. Proof of Funds for companies/institutions investing 5 million and above
Account Opening Options
USSD Code
1. Dial *828#
2. Select option 2: Make Investment
3. Select option 1: Invest in money market fund
4. Enter any key to proceed
5. Enter your full names
6. Enter your national ID number
7. Enter your investment minimum amount of Ksh5,000
8. Confirm the details by pressing 1
Online Service Portal
1. Navigate to the Madison self service portal
2. Choose your preferred joining type i.e. Individual, Joint or Corporate
3. Complete the required sections and attach the relevant KYC documents
Application Forms
Fill in the Madison Unit Trust Account Opening Form and attach the relevant KYC documents and send as an email to madisoninvestmentmanagers@madison.co.ke
Madison Money Market Deposit/TopUp Options
M-Pesa Paybill
| Paybill No. | Account No. |
| 653039 | Your membership number |
Bank Transfer
|
Equity Bank
|
Account Name: | Madison Money Market Fund Collection Account |
| Account No. | 0810296649521 | |
| Branch: | Equity Centre | |
| Branch Code: | 68081 | |
| SWIFT Code: | EQBLKENA |
USSD Code
1. Dial *828#
2. Choose option 2: Make Investment
3. Choose option 2: Top Up
4. Select option 1: Via M-Pesa
5. Enter minimum amount of Ksh1,000
6. Your account summary will be displayed thus press 1 to confirm and bring up the M-Pesa STK menu requiring your M-Pesa PIN to effect the transaction
Madison Money Market Withdrawal Options
Withdrawal Form
Complete the withdrawal form and send it to the email address madisoninvestmentmanagers@madison.co.ke
Madison Money Market View Statement Options
USSD Code
1. Dial *828#
2. Select option 4: View statement
3. Select option 1: Money Market Fund
4. You can choose to either view balance or last 5 transactions by selecting option 1 or 2 respectively
5. Proceed and enter your member number
Madison Money Market Application Forms
Madison Unit Trust Individual/Joint/Corporate Joining Form – Download
Madison Unit Trust Withdrawal Form – Download
Madison Money Market Contact Details
Physical Address |
|
madisoninvestmentmanagers@madison.co.ke
|
|
Madison House,
2nd floor Upper hill Close P.O. Box 20092-0100, Nairobi, Kenya |
||
Phone |
0202864500 | |
| 0741 135 660 | ||
Categories: Money Markets
