Facts About Britam Money Market Fund

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There are several factors you need to understand about Britam money Market Fund. Money Market Fund is one way of earning passive income through long-term investments.

  1. What is the Britam Money Market Fund?

The Britam Money Market Fund is a type of unit trust that invests in high yielding, low risk investments such as fixed deposit accounts, treasury bills, commercial papers and bonds.

  • Who can invest in a money market fund?

Anyone with an ID or Passport can invest in the Britam Money Market Fund.

  • What is the minimum that I can invest?

You can invest with as little as KShs. 1000 and the minimum top up amount is also KShs. 1000.

  • Are there any hidden costs?

There are no hidden costs. No penalties are incurred for withdrawal.

  • What interest do I earn?

Interest is earned and compounded daily. Average interest rate is *8.5 – 10% p.a.

  • Are there any lock-in periods for money invested?

There are no lock-in periods for any money saved in the Money Market Fund. You can access the funds within 48 business working hours and transfer the funds straight to M-Pesa.

  • What happens to the interest I have earned if I choose to withdraw my money?

No interest is forfeited with the Britam Money Market Fund as interest is earned daily.

How to Get Started

  1. Dial *778# and select Money Market Fund.
  • Enter your National ID or Passport No., KRA PIN, Residential Address and Occupation.
  • Accept the Terms and conditions.
  • A One Time Password (OTP) shall be sent you via SMS.
  • Dial *778# and use the OTP to log in. Reset your PIN.
  • Select Money Market Fund from the Menu.
  • Select how you were introduced to Britam (e.g. Britam Financial Advisor and enter the intermediary’s Phone Number).
  • Input the investment amount and M-Pesa PIN (Minimum initial investment KES 1,000).
  • You shall receive confirmation message from Britam.

Unit Trusts Payment Details

You can top – up your investment through MPESA Pay bill numbers below:

FUND PAYBILL NO.

Britam Money Market Fund—500005

Britam Bond Plus Fund—500006

Britam Balanced Fund—500007

Britam Equity Fund—500008

Money Market Fund (Short Term)

Britam Money Market Fund Benefits

• It is a low risk investment that gives an investor high interest returns

• It provides capital preservation

• Interest is earned daily

• Ease of withdrawal of funds for investors