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Etica Capital

Etica Money Market Fund (KES)

Money market fund · Regulated by the CMA

Grows at
8.65% a year
after their charges

Your money is lent out short term, to banks and to the government. You can start with KES 100 and take it out when you want.

Hear when this changes

What it has actually paid

Year by year
  • 202316.03%
  • 202416.3%

After the company's charges, where it publishes both. Past periods are not a promise about future ones.

The last few quarters
  • 2025 YTD (through July)12.24%

After the company's charges, where it publishes both. Past periods are not a promise about future ones.

What to watch out for

  • Etica publishes a Key Investor Information Document listing each charge on its own. No other fund on this board does.
  • The management fee is "up to" 2%. That means it can be less, and Etica does not say what it is today.
  • Interest is taxed at 15%. Etica says its rate is quoted before that tax.
  • The fund started in February 2023, so it has a shorter record than most here.
  • Etica Capital is supervised 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 17,786
Tax takes
KES 13,482
You'd end up with
KES 376,400
If you stop after 2 years instead

You would have paid in KES 120,000 and get back KES 131,439.

  • · Based on paying KES 5,000 a month for 5 years.
  • · Their yearly charge is already taken out of the rate they advertise.
  • · 15% tax comes off the interest before you get it. Their rate does not include it, and they say so.
  • · 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

Every charge
Up to 2.34% a year
Who holds your money
Equity Bank Kenya, with The Co-operative Bank of Kenya as trustee
How long you are tied in
Not at all. The lock-in period is stated as none
Two rates, one fund
Etica publishes 17.55% and 10.18%
Every charge, itemised
2% management, 0.19% trustee, 0.15% custodial
Fund size
KES 11.3 billion

How to open this

  • Open with KES 100
  • top up from KES 100

What does it cost you?

Yearly charge on your moneythe value of the fund, each year2% a year
Paid to the trustee or custodian who holds the moneythe value of the fund, each year0.19% a year
Paid to the bank that holds the moneythe value of the fund, each year0.15% a year
Taken off each payment you makeyour payments. The initial fee is stated as nilNothing
Charge for taking money outyour withdrawals. The exit fee is stated as nilNothing

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 early. There is no lock-in and no exit fee. The fund does not say how long the money takes to reach you.

Who this suits

It could work for you if

You have a small amount to start with, and you want to see every charge before you sign.

Think twice if

You need to know how fast you can get your money out. That is the one thing Etica does not say.

What they tell you

  • 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?
    Nothing. You can take your money out with no penalty.
  • What is the smallest amount you can start with?
    KES 100.
  • How long is your money tied up?
    Not at all. You can take it out whenever you want.
  • Is the advertised return before or after their charges?
    After charges. The number you see is the number you get.
  • Are all their charges published?
    Yes, every charge they mention has a figure against it.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

  • Website: eticacap.com
  • If something goes wrong, the CMA is who supervises 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 10.18% on this page is the rate Etica Capital quoted, as at 2026-09-28 — current.

Etica shows two different yields for this fund on its own front page, 17.55% and 10.18%. The lower one is used here.

What has changed here

  • 28 September 2026
    • The quoted rate 10.45% a year → 10.18% a year
  • 28 August 2026
    • The quoted rate 10.76% a year → 10.45% a year

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

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