Pension Products

{{ searchResult.length }} results in {{ index }}

{{ result.title }} {{ result.designation }} {{ result.author }} {{ result.category }}

View

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 Asset Managers Limited (CAML), is the regulated affiliate of Cytonn Investments Management Plc. CAML is registered and licensed as a fund manager by both the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA) in Kenya. Retirement Benefit Schemes provide the cornerstone of a financially secure retirement for employees through voluntary contributions for a period of time. At CAML we ensure that you get your safe and well-deserved retirement by offering these pension schemes:

Cytonn Personal Retirement Benefits Scheme
Cytonn Income Drawdown Fund
Cytonn Umbrella Retirement Benefits Scheme

Cytonn Personal Retirement Benefits Scheme

Cytonn Personal Retirement Benefits Scheme (CPRBS) is designed to enable individuals to save for their retirement by making regular contributions into this scheme during their working years and grow their retirement savings. The retirement age for this scheme is 60 years.

Benefits of CPRBS

Tax relief on contributions
Flexible arrangement in payments with low minimum contributions of Kshs 1,000 per month
Collateral for Mortgage – the scheme may be able to provide you with a Mortgage Guarantee of up to 60% of your accumulated contributions
High Returns – through the scheme, you shall have an opportunity to be part of an investment portfolio that is structured to optimize investment returns and offer the members above market average returns
Investment income in this scheme is tax-free and is compounded on a regular basis, and as such contributions grow faster

Who Should Join?

Professionals such as lawyers, doctors, engineers, etc. who don’t belong to a retirement benefits scheme
Self-employed individuals like businessmen, jua kali artisans, musicians, shopkeepers, etc.
Individuals whose employers don’t have a retirement benefits scheme, e.g. schools, church workers, NGO’s etc.

To join Cytonn Personal Retirement Benefits Scheme, fill the Application Form

Cytonn Income Drawdown Fund

The Cytonn Income Drawdown Fund (CIDDF) provides individuals and members of Retirement Benefits Schemes an option to access their retirement benefits as a regular income through an investment fund upon retirement rather than taking up an annuity.

Who should join?

Members who are retiring from Occupational as well as Individual Retirement Benefits Schemes
Self-employed individuals who would like to have a monthly income for themselves or their parents

Cytonn Umbrella Retirement Benefits Scheme

Cytonn Umbrella Retirement Benefits Scheme(CURBS) targets organizations that do not have an occupational retirement benefits scheme or do not have the capacity to start one. It gives members of their staff an opportunity to regularly save for their retirement.

For more information on our pension products, download our Brochure

Learn more about pensions

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

FEATURES

Cytonn Money Market Fund (USD)

FEATURES

Cytonn High Yield Fund

FEATURES

CMMF FAQs