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ICEA LION Asset Management

ICEA LION Balanced Fund

Mixed fund · Regulated by the CMA

What is this?

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.

The details that matter for this kind of plan

Way inKES 500; no minimum top-up
Getting outAny time, no withdrawal fee — the page gives no number of days
ReturnsNot published on the page
Regulator"Regulated by the Capital Markets Authority", on the page

What does it cost you?

Charge for taking money outNothing
Yearly charge on your moneynot disclosed
Taken off each payment you makenot disclosed
  • · No management fee appears on the page. It says what you can start with and that withdrawals are free, and nothing about what the fund keeps each year.
  • · The page does not say whether anything comes off a payment before it is invested.

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.

How openly does this company explain its charges?

DHides more than it shows7 of 13 answered
  • What do they charge you every year?
    No management fee appears on the page. It says what you can start with and that withdrawals are free, and nothing about what the fund keeps each year.
  • What is taken off the money you pay in?
    The page does not say whether anything comes off a payment before it is invested.
  • 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 500.
  • 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?
    This product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This product does not advertise a return.
  • 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. 2 charges are 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 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.

Talk to them

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

Where we got this