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CIC Asset Management

CIC Money Market Fund

Money market fund · Regulated by the CMA

Grows at
5.15% a year
after their charges

Your money is lent out short term, mostly to banks and to the government. You can add to it or take it out when you want. It grows slowly and steadily.

Hear when this changes

What to watch out for

  • Interest from a money market fund is taxed at 15%. That tax is taken before the money reaches you, and the rate on the page is quoted before it.
  • The rate is not fixed. It moves with what the fund earns, and can fall.
  • CIC Asset Management states on this page that it is regulated by the Capital Markets Authority.
Try your own numbers
How

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

You pay in
KES 300,000
Charges take
KES 16,722
Tax takes
KES 10,509
You'd end up with
KES 342,832
If you stop after 2 years instead

You would have paid in KES 120,000.

They do not publish what you would get back if you stopped early.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.
  • · 15% tax comes off the interest before you get it. They do not say if their rate already allows for it, so we took it off.
  • · 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

Smallest amount
KES 5,000 to start
Yearly charge
2% of your money
Interest is paid
Every month
Fund size
KES 85 billion

How to open this

  • Open with KES 5,000
  • top up from KES 1,000

What does it cost you?

Yearly charge on your moneythe fund2% a year
Taken off each payment you makethe money you pay inNothing

What if you stop paying?

Nothing happens. There is no set payment to keep up. Your money stays in the fund and keeps earning.

What if you need the money early?

There is no fixed term, so there is no early. The page does not say how long a withdrawal takes to reach you.

Who this suits

It could work for you if

You want your money safe and easy to reach, and you may need it back soon.

Think twice if

You want to know what you will be charged. CIC prints the rate but not the cost.

What they tell you

  • What do they charge you every year?
    2% a year, taken from the fund.
  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • What is the smallest amount you can start with?
    KES 5,000.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

Compared with the others

There are 24 other plans of this kind on the board. See all 25 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 8.43% on this page is the rate CIC Asset Management quoted, as at 2026-08-20 — 2 months old.

The page calls this the Current Effective Annual Rate, beside a Current Daily Rate of 8.12%. It does not say whether the fund's own charges have already been taken off, and it does not mention the 15% tax deducted from interest.

What has changed here

  • 28 August 2026
    • Smallest lump sum to start is now KES 5,000, and was not published before
    • Yearly charge on your money is now 2% a year, and was not published before
    • Taken off each payment you make is now 0%, and was not published before
    • Smallest top-up is now KES 1,000, and was not published before

We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.

Where we got this