Money market funds
Low cost of investment, high returns, high liquidity, safety, diversification, strong regulatory compliance, monthly compounding of interest
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WHY MONEY MARKET FUNDS?
Investments are suitable for people who are willing to accept more risk in exchange for better potential long-term performance. At Assurein Insurance, we have the tools and experience to help you put together a financial planning strategy that is appropriate for your risk tolerance and goals.
A money market fund (MMF) is a kind of mutual fund or unit trust that invests in low-risk, highly liquid, near-term instruments with an element of guaranteed returns. These instruments include cash and cash equivalent securities, fixed deposit, treasury bills, commercial papers, government and corporate bonds with a short-term maturity period.
The fund is suitable for investors seeking an alternative to a fixed bank deposit. The minimum lump sum investment is KES 5,000 and additional top-ups of minimum KES 1,000 can be made thereafter. Regular voluntary top-ups can be made by cheque, direct cash deposit, direct debit order or standing order.
If you are looking for a place to keep your savings and earn above-inflation-level interest while still being able to withdraw your money whenever you need it, Money Market Funds must have interested you.
MMF targets 1. Investors who are seeking capital preservation whilst not seeking long-term capital growth. 2. Investors who have a high degree of capital stability and who are strictly risk averse. 3. Investors looking for a short-term parking bay for surplus fund particularly in times of market volatility.