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CIC Asset Management

CIC Equity Fund

Share fund · Regulated by the CMA

What is this?

A fund that buys Kenyan shares, most of them banks. You start from KES 5,000. CIC takes 2.5% off each payment and 2% a year. It returned 44.9% in the year to June 2026 and 13.4% a year over five.

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 42,702
You'd end up with
KES 1,019,724
If you stop after 2 years instead

You would have paid in KES 120,000 and get back not disclosed.

They do not publish what you would get back if you stopped early. You would have to ask them.

  • · Based on paying KES 5,000 a month for 5 years.
  • · They never say whether their advertised return is before or after charges. We assumed before, which is the less flattering reading.
  • · The value goes up and down. This is not a promise.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

Last year44.94% to June 2026; 13.43% a year over five
What it holds77% Kenyan shares, over half of that in banks; 22% bank deposits
RiskHigh, by the fact sheet's own label
Pays outTwice a year

What does it cost you?

Taken off each payment you make2.5%
Yearly charge on your money2% a year
Charge for taking money outnot disclosed
  • · The fact sheet lists an initial fee and a management fee and nothing on withdrawal.

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?

No lock-in or exit charge is stated. Shares fall as well as rise, so you can get back less than you put in.

Who this suits

It could work for you if

You can leave the money for years and accept big swings on the way.

Think twice if

You may need the money within a few years, or a 2.5% charge on every payment bothers you.

How openly does this company explain its charges?

CLeaves real gaps9 of 13 answered
  • What do they charge you every year?
    2% a year, taken from the value of the fund, each year.
  • What is taken off the money you pay in?
    2.5%, taken from every 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 5,000.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • Is the advertised return before or after their charges?
    They never say. So you cannot tell what you would actually keep.
  • 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

  • · 2.5% comes off every payment before it is invested, and 2% a year after that.
  • · The returns on the sheet are to June 2026 and are not a guide to the future; the right to redeem can be suspended — the sheet's own disclaimer.
  • · CIC Asset Management states on the sheet that it is regulated by the Capital Markets Authority.

Talk to them

Compared with the others

There is 1 other plan of this kind on the board. See all 2 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 44.94% on this page is the rate CIC Asset Management last declared, as at 2026-06-30 — 2 months old.

What the fund returned over the year to June 2026, from its own fact sheet; 34.83% a year over three years and 13.43% a year over five. The sheet does not say whether these are before or after its 2% a year. Shares go down as well as up, and the sheet says so..

Where we got this