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Best Money Market fund in Kenya
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marko
#111 Posted : Thursday, February 04, 2016 7:49:52 AM
Rank: Member

Joined: 1/7/2007
Posts: 838
PeterReborn wrote:
washiku wrote:
PeterReborn wrote:
Any reviews on Pan Africa Pesa Plus?I am sourcing for a good money market fund when I can deposit some amount every month.The returns on pesa plus looks attractive during this bear.


I recently received a Product brief from a "Wealth Manager" who changed jobs from my current fund to Cynton. This is a summary of what she wrote:

"The CMS is a product that seeks to give clients higher returns than they would otherwise get on their own due to economies of scale by providing a platform for consolidation of funds from various investors and accessibility to the most attractive opportunities. We invest in a diversified range of products such as bank deposits and real estate-backed commercial papers hence the high yields.

The current rate is

For KES
1 Month: 18% (p.a)
3 Months: 18% (p.a)
6 Months: 18% (p.a)
12 Months: 18% (p.a)"

http://www.cytonn.com/

Haven't tried them yet but that rate sounds good.smile

Thanks Washiku.I spoke to them and they said the minimum investment is 1 m.It is not therefore optimal for me as I need a fund I can contribute to every month.

Try Zimele-link
WHO DARES WINS
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jgithige
#112 Posted : Thursday, February 04, 2016 2:43:40 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
Something interesting about the return rates declared some of them are gross before deductions such as commissions and some levies not forgetting Njiraini.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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nashx
#113 Posted : Thursday, April 28, 2016 10:20:14 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
PeterReborn wrote:
Any reviews on Pan Africa Pesa Plus?I am sourcing for a good money market fund when I can deposit some amount every month.The returns on pesa plus looks attractive during this bear.

I have been their client for 6 months. Highly recommend it. Great service including an online portal and customer service follows up on all queries no matter how small. The rates are also very competitive
Offering my personal finance knowledge for free
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instinct
#114 Posted : Thursday, April 28, 2016 10:57:08 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
nashx wrote:
PeterReborn wrote:
Any reviews on Pan Africa Pesa Plus?I am sourcing for a good money market fund when I can deposit some amount every month.The returns on pesa plus looks attractive during this bear.

I have been their client for 6 months. Highly recommend it. Great service including an online portal and customer service follows up on all queries no matter how small. The rates are also very competitive


its good
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Kili
#115 Posted : Friday, April 29, 2016 3:30:31 PM
Rank: Member

Joined: 12/10/2015
Posts: 103
Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500
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Impunity
#116 Posted : Friday, April 29, 2016 7:17:17 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Kili wrote:
Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500


If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day?

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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kimanimsc
#117 Posted : Friday, April 29, 2016 7:41:30 PM
Rank: Member

Joined: 5/4/2015
Posts: 241
Location: Kahno
Impunity wrote:
Kili wrote:
Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500


If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day?


Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it.
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Impunity
#118 Posted : Monday, May 09, 2016 9:16:52 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
kimanimsc wrote:
Impunity wrote:
Kili wrote:
Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500


If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day?


Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it.


Is Pan Africa Asset Management owned by Pan african Insuarance?
Which is their custodian bank?
Where are their offices, in town and in outskirts, if any?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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nashx
#119 Posted : Monday, May 09, 2016 9:39:12 AM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Owned by Sanlam (south African company)..same guys who own majority of pan Africa insurance
Custodian is CFC Stanbic
Kenyatta Avenue pan africa life house 3rd floor...I can send you forms via gmail if you're interested
Offering my personal finance knowledge for free
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Impunity
#120 Posted : Monday, May 09, 2016 10:34:43 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
nashx wrote:
Owned by Sanlam (south African company)..same guys who own majority of pan Africa insurance
Custodian is CFC Stanbic
Kenyatta Avenue pan africa life house 3rd floor...I can send you forms via gmail if you're interested


2008impunity (at) gmail dot com.

Thanks
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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