Etica Capital

Etica Money Market Fund (KES)

Money market fund · Regulated by the CMA

What is this?

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.

If you stop after 2 years instead

You would have paid in KES 120,000 and get back KES 134,422.

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
Every charge, itemised	2% management, 0.19% trustee, 0.15% custodial

Yearly charge on your money	2% a year
Paid to the trustee or custodian who holds the money	0.19% a year
Paid to the bank that holds the money	0.15% a year
Taken off each payment you make	Nothing
Charge for taking money out	Nothing

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

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.

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.

ATells you what it costs

12 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?
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.
Do they warn you the return is not guaranteed?
No warning appears next to the figure, even though it is not a promise.
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?
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.

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

· 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.

There are 9 other plans of this kind on the board. See all 10 side by side — what each one leaves you with, and which of them will not say.

The 10.76% on this page is the rate Etica Capital quoted, as at 2026-08-20 — current.

Etica states this is net of all fees but gross of withholding tax: every charge below has already come off, the 15% tax has not..

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.

“Key Facts ... Management Fee 2.0% p.a ... Min. Investment Amount KES 100.0”
Etica Money Market Fund (KES) page on eticacap.comthe company itselfread 2026-08-22