Cytonn Money Market Fund

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Stand to earn upto 28.0 % p.a

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Why Cytonn Money Market Fund?

We offer Capital Preservation

Ease of Transaction
of Funds

Interest is earned
daily

High interest returns on low-risk investment

Cytonn Money Market Fund

A money market fund mainly invests in short-term debt securities with high credit quality such as treasury bills and commercial paper. This fund is ideal for the conservative low-risk investor who leans towards stability and security for capital invested. Interest is calculated on a daily basis, and credited to the client's account net of costs.

Cytonn Money Market Fund (KSH)

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. This is your ideal investment option if you are looking to build up your savings or for cash you intend to use to meet your short term goals.

Features of CMMF KES:

No entry or exit fee is charged.
Interest earned is compounded on a daily basis.
Your capital will remain safe.
You will get competitive rates based on the market.
For first time investors, this would be the best starting point

You can download the application form here.

For more information on this product, Downloads our Brochure or SIGN UP TODAY and start earning competitive returns.

Cytonn Money Market Fund (USD)

Cytonn Money Market Fund (USD) is a product of Cytonn Asset Managers Limited (CAML), the regulated affiliate of Cytonn Investments Management Plc. CMMF (USD) invests in high-quality interest-bearing investments, fixed deposits, and near cash holdings in the Kenyan market. This is an ideal investment option for investors who wish to invest directly using the United States Dollar (USD) currency.

Features of CMMF USD:

No entry or exit fee is charged.
Interest earned is compounded on a daily basis.
Your capital will remain safe.
It provides a stable hedge against depreciation of the Kenyan Shilling.

You can download the application form here.

CMMF FAQs

What is the management fee for CMMF and at what point is the management fee charged?

The management fee for CMMF is currently at 2.0% Per Annum on the average Asset under Management of the Fund, and it accrues daily as such translating to a daily fee of 0.004%
How do I transfer money from my bank account to CMMF?
Via Direct Deposit:
1. Enter Cytonn’s Money Market Fund Account Number “1222 1595 46”
2. Enter the amount to deposit
3. Enter your client code under the narration or reason section.
You shall receive a business confirmation in 24 hrs.

Via Pesalink:

You can deposit to the CMMF account in your preferred bank channel: USSD, mobile app, ATM, internet, agent or branch)

Step 1: Select “Send to Account” on the Pesalink menu option

Step 2: Enter Cytonn’s Money Market Fund Account Number “1222 1595 46”

Step 3: Select KCB Bank from the provided list of banks

Step 4: Enter the amount to deposit

Step 5: Enter your client code under the narration or reason section.

Step 6: Go to your online account via web or mobile app, create a top-up of the same amount you did via pesalink and attach the proof of payment

You shall receive a business confirmation in 24 hrs.
Where does the fund manager invest the funds collected from Cytonn Money Market Fund?

The funds are invested in high-quality interest bearing assets such as the Fixed Income instruments and other short term money market instruments such as the fixed deposits
What is the withholding tax for Cytonn Money Market Fund and is the tax final? When is the tax submitted?

A withholding tax of 15% for both residents and non-residents is paid on the interest earned and is remitted by the 20^th day of each month. Yes, the tax is final since CMMF is a Collective Investment Scheme
What are the advantages of a Money Market Fund?
There are a number of advantages of investing in a Money Market Fund:
1. Professional Fund Management- as the fund is managed by investment experts
2. Diversification- With a relatively small investment, investment in a money market fund provides access to a broad spread of securities thus minimizes financial risk
- Potential for Higher returns- through pooling of funds and professional investment management, money market funds potentially provide superior returns than comparable products in the longer term
1. Flexibility- you are able to easily move funds between various other collective investment schemes like the Balanced and Equity Fund
2. Accessibility- the money market fund is liquid and easily accessible, meaning you can withdraw funds at short notice
3. Safety- the fund is regulated by the Capital Markets Authority and is also overseen by a dedicated trustee and custodian whose role is to ensure that the fund manager acts in the investors’ best interest and conforms to best practice

Cytonn Money Market Fund

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Cytonn Money Market Fund (USD)

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Cytonn High Yield Fund

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CMMF FAQs