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ICEA LION Asset Management

ICEA LION Balanced Fund

Mixed fund · Regulated by the CMA

A fund that mixes shares and interest-paying assets, from KES 500, with no minimum top-up and no withdrawal fee. The page publishes no return and no yearly charge.

Hear when this changes

What to watch out for

  • The page publishes no return, no management fee and no payout time. It states KES 500 to start, no minimum top-up and no withdrawal fee.
  • The page says the fund is regulated by the Capital Markets Authority.

The details that matter for this kind of plan

Way in
KES 500; no minimum top-up
Getting out
Any time, no withdrawal fee — the page gives no number of days
Smallest amount
KES 500 to start
Fees either way
Nothing to take money out
Returns
Not published on the page
Regulator
"Regulated by the Capital Markets Authority", on the page
Fund size
KES 409 million

How to open this

  • Open with KES 500
  • top up from KES 0

What does it cost you?

Charge for taking money outthe money you take outNothing

What if you stop paying?

Nothing happens. There is no plan to keep up.

What if you need the money early?

You can take money out any time, free. The page does not say how many days it takes.

Who this suits

It could work for you if

You want to start with very little and are happy to ask what the fund keeps each year.

Think twice if

You want the charges and the track record in writing before you start. Neither is on the page.

What they tell you

  • What is the smallest amount you can start with?
    KES 500.
  • How long is your money tied up?
    Not at all. You can take it out whenever you want.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

  • Website: icealion.co.ke
  • If something goes wrong, the CMA is who supervises them.

Compared with the others

There are 11 other plans of this kind on the board. See all 12 side by side — what each one leaves you with, and which of them will not say.

Where we got this