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Britam Asset Managers

Britam Bond Plus Fund

Bond fund · Regulated by the CMA

What is this?

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.

The details that matter for this kind of plan

Yield shown13.73% for Jan–Aug 2024 — still what the page says in 2026
WithdrawalsOne free a month, then KES 750 each; money in 24–48 hours
First 14 daysLocked after you open the account
Tax15% withholding tax on interest, taken before you see it
Regulator"Regulated by the Capital Markets Authority", on the brochure

What does it cost you?

Yearly charge on your money2.5% a year
Charge for taking money outKES 750
Taken off each payment you makenot disclosed
  • · Neither the page nor the brochure says whether anything comes off a payment before it is invested.

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.

How openly does this company explain its charges?

BTells you most of it11 of 14 answered
  • What do they charge you every year?
    2.5% a year, taken from the value of the fund, each year.
  • What is taken off the money you pay in?
    Neither the page nor the brochure says whether anything comes off a payment before it is invested.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • 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 tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · 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.

Talk to them

Compared with the others

There are 2 other plans of this kind on the board. See all 3 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 1 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.

Where we got this