CIC Money Market Fund Fact Sheet
Launch date |
2011 |
Registered Office |
CIC Plaza, Mara Road, Upperhill Nairobi, Kenya |
Fund Manager |
CIC Asset Management Ltd |
Trustee |
KCB |
Custodian |
Co-op bank |
Auditor |
PwC Kenya |
Interest Rate
|
9.2% |
Management Fee |
2% |
Initial Fee |
Nil |
Minimum Investment |
Ksh 5,000 |
Minimum Top-Up |
Ksh 1,000 |
Witholding Tax |
15% |
Statements |
Monthly |
CIC Money Market Fund Registration
KYC Requirements
Individual
1. Copy of I.D or Passport
2. Copy of KRA PIN
3. Passport picture
4. Copy of bank details (cancelled cheque, ATM card copy or bank statement)
Corporate
1. Copy of I.D or Passport of signatories
2. Copy of company KRA PIN
3. Certificate of Incorporation
4. Copy of bank details(cancelled cheque, ATM card copy or bank statement)
5. Passport pictures of signatories
6. Board resolution or excerpt of minutes
Account Opening Options
Online Service Portal
1. Navigate to the CIC Online Service Portal
2. Click on ‘Invest’ tab and use the drop-down menu to choose your preferred joining type i.e. Individual, Joint or Corporate
3. Under individual registration, there are eight sections to fill in which include; personal info, risk assessment, bank details, documents upload, beneficiaries, general details, terms & conditions and indemnity
4. Under joint registration, there are seven sections to be completed which include; personal info, risk assessment, bank details, joint members, beneficiaries, general details and indemnity
5. Under corporate registration, there are six sections to be filled in accurately which are group info, risk assessment, bank details, signatories, general details and indemnity
6. Upon completion, submit and await response from CIC with your membership details
Application Forms
Fill in the CIC Unit Trust Account Opening Form and attach the relevant KYC documents and send as an email to cic.asset@cic.co.ke
CIC Money Market Fund Deposit/Top Up Options
M-Pesa Paybill
| Paybill No. | Account No. |
| 600118 | Membership No. |
Bank Transfer
|
Co-op Bank
|
Account Name: | CIC Unit Trust Collection Account |
| Account No. | 1122190806600 | |
| Branch: | Co-operative House | |
| Branch Code: | 11 | |
| SWIFT Code: | KC00KENA |
Mobile App
1. Login to the CIC Asset App ( Android / iOS )
2. On the app’s dashboard, click on ‘Top Up’
3. Enter a minimum amount of Ksh 1,000
4. Select an account to Top-up i.e. Money Market
5. Select payment method i.e. M-Pesa
6. Enter a valid phone number
7. Input your M-Pesa PIN after the STK Push to complete payment
Online Service Portal
1. Login to your account via the CIC Online Service Portal
2. On the left menu, click on ‘Accounts’
3. Click on ‘Top Up’
4. Under the ‘Funds Top Up’ page, confirm the accuracy of your phone number
5. Proceed and enter the deposit amount and click on ‘Top Up’
6. An M-Pesa STK will pop up on your phone requiring that you input your M-Pesa PIN for the transaction to complete.
CIC Money Market Fund Withdrawal Options
Mobile App
1. Login to the CIC Asset App ( Android / iOS )
2. On the app’s dashboard, click on ‘Withdraw’
3. Enter minimum withdrawal amount of Ksh 1,000
4. Choose an account to debit i.e. Money Market
5. Select a payout method i.e. bank transfer
CIC Money Market View Statement Options
Online Service Portal
1. Login to the CIC Online Service Portal using your member number and password
2. Enter the 4-digit OTP sent to you via SMS and click verify OTP
3. In your dashboard, tap on ‘Accounts’ located at the left menu
4. Click on ‘View Statement’ to generate your statement in PDF format
CIC Money Market Application Forms
CIC Unit Trust Individual Joining Form – Download
CIC Unit Trust Joint Joining Form – Download
CIC Unit Trust Corporate Joining Form – Download
To register online without the PDF versions, click on the relevant account type options below;
Individual / Joint / Corporate
CIC Money Market Fund Contact Details
Physical Address |
|
cic.asset@cic.co.ke
|
|
CIC Plaza,
Mara Road, Upperhill Nairobi, Kenya |
||
Phone |
020 282 3000 | |
| 0703 099 322 | ||
| 0703 099 120 |
Categories: Money Markets
Morning, I want to start investing in money market. How do I go about it.
Hi Daniel, kindly reach me on [email redacted] . I work with Madison Investment Managers. I can walk you through the investment process of money market.
Does this fund have a lock period? If i invest today, when is the earliest i can withdraw??
I wish to start investing here. How do i go about it
I WISH TO BE A MONEY MARKET AGENT..WHAT ARE THE REQUIREMENTS
Hi Edith, to do so you will need to meet the eligibility requirements outlined by Capital Markets Authority inorder to be provided a license to operate.
A good place to begin will be through the CMA portal https://portal.cma.or.ke
Hi Edith, kindly contact me to be an agent for money market at Madison Investment Managers. [Email redacted]
Sincerely interested!