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Britam Asset Managers

Britam Bond Plus Fund

Bond fund · Regulated by the CMA

They quote
13.73% a year
their figure, after charges

A fund that lends your money through bonds, from KES 1,000. Britam takes up to 2.5% a year and quotes the yield after it. The page still shows 2024 yields; the current one goes out by email.

Hear when this changes

What it has actually paid

  • 202412.9%
  • 202511.68%

After the company's charges. Past periods are not a promise about future ones.

What to watch out for

  • The page's yields are for January to August 2024 and were still the only ones shown in August 2026. The brochure says the current yield is emailed daily and printed in newspapers.
  • Management fee is "a maximum of 2.5% per annum"; yields are quoted after it and before 15% withholding tax.
  • Funds are locked for the first 14 days after opening. One withdrawal a month is free; each further one costs KES 750.
  • The brochure says "Regulated by the Capital Markets Authority"; the website footer says the Insurance Regulatory Authority. The fund is run by Britam Asset Managers, a CMA licensee.

The details that matter for this kind of plan

Yield shown
13.73% for Jan–Aug 2024 — still what the page says in 2026
Withdrawals
One free a month, then KES 750 each; money in 24–48 hours
First 14 days
Locked after you open the account
Tax
15% withholding tax on interest, taken before you see it
Regulator
"Regulated by the Capital Markets Authority", on the brochure
Fund size
KES 25.4 billion

How to open this

  • Open with KES 1,000
  • top up from KES 1,000
  • your money is 2 working days away
  • locked in for 0.5 months

What does it cost you?

Yearly charge on your moneythe value of the fund, each year2.5% a year
Charge for taking money outeach withdrawal after the first in a calendar monthKES 750

What if you stop paying?

Nothing happens. There is no plan to keep up; top-ups are KES 1,000 when you choose.

What if you need the money early?

The first 14 days are locked. After that, one free withdrawal a month and KES 750 for each one after, paid in one to two working days.

Who this suits

It could work for you if

You want a bond fund you can start small and leave alone, and you will ask Britam for the current yield.

Think twice if

You dip in and out. Every withdrawal after the first in a month costs KES 750.

What they tell you

  • What do they charge you every year?
    2.5% a year, taken from the value of the fund, each year.
  • What is the smallest amount you can start with?
    KES 1,000.
  • How long is your money tied up?
    0.5 months.
  • Is the advertised return before or after their charges?
    After charges. The number you see is the number you get.
  • Do they warn you the return is not guaranteed?
    Yes, the warning is there.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

Compared with the others

There are 14 other plans of this kind on the board. See all 15 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 13.73% on this page is the rate Britam Asset Managers quoted, as at 2024-08-31 — over 2 years old.

The effective annual yield for January to August 2024, which is what the page still shows in August 2026 — stated net of fees and before withholding tax. Britam says the current daily yield goes out by email and in the newspapers; it does not put it on the page.

This is the most recent figure Britam Asset Managers publishes, not the most recent figure that exists. Ask them what the current rate is before you decide anything on the strength of it.

What the documents actually say

Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.

Where we got this