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CIC Asset Management

CIC Fixed Income Fund

Bond fund · Regulated by the CMA

What is this?

A fund that lends your money to the government, mostly for five to fifteen years, and pays you monthly. You need KES 1,000,000 to start. It yielded about 10% in 2026, and 20.5% over the year to June once bond prices are counted.

If you put in KES 1,000,000 once, for 5 years

You pay in
KES 1,000,000
Charges take
KES 124,093
You'd end up with
KES 1,503,448
If you stop after 2 years instead

You would have paid in KES 1,000,000 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They do not publish what you would get back if you stopped early.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 putting in KES 1,000,000 once and leaving it for 5 years — the smallest way into this one.
  • · They never say whether their advertised return is before or after charges. We assumed before, which is the less flattering reading.
  • · The rate is not fixed. It can fall.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

Way inKES 1,000,000 to start, KES 100,000 a top-up
Yield, June 202610.20%; 10.54% average over 2025
Pays outMonthly
What it holds83% government bonds, the rest bank deposits; over half matures in 5 to 15 years
SizeKES 29.1 billion

What does it cost you?

Taken off each payment you makeNothing
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 100,000 when you choose.

What if you need the money early?

No lock-in or exit charge is stated. Bond prices move, so what you get back can be less than you put in if rates have risen.

Who this suits

It could work for you if

You have a large sum you will not need soon and want a monthly income from it.

Think twice if

You have less than a million shillings, or you may need it back in a hurry.

How openly does this company explain its charges?

CLeaves real gaps10 of 14 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?
    Nothing. They state there is no charge here.
  • 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 1,000,000.
  • 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

  • · The June 2026 fact sheet sets KES 1,000,000 to start and KES 100,000 a top-up. The web page still says KES 5,000 and KES 1,000; the fact sheet is the newer document.
  • · No initial fee; 2% a year. The sheet does not say whether the yield it prints is before or after that.
  • · Past performance is no guide, and the right to redeem units can be suspended in specified circumstances — 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 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 10.2% on this page is the rate CIC Asset Management quoted, as at 2026-06-30 — 2 months old.

The fund's yield for June 2026 on its own fact sheet; it averaged 10.54% over 2025 and 10.04% so far in 2026, each a little under its benchmark. Over the year to June 2026 the fund returned 20.50% against 10.03% for the benchmark. The sheet does not say whether the yield is before or after the 2% fee..

Where we got this