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ICEA LION Asset Management

ICEA LION Fixed Income Fund

Bond fund · Regulated by the CMA

What is this?

A fund that holds government bonds, including long infrastructure bonds, from KES 500 with top-ups from KES 100. Money comes back within 3 business days. The page publishes no yield and no charge.

The details that matter for this kind of plan

Way inKES 500; top up from KES 100
Getting outAny time; money within 3 business days
ReturnsNot published on the page
What it holdsGovernment bonds, including infrastructure bonds of 5 to 25 years
RiskMedium to high, by the page's own words

What does it cost you?

ICEA LION Asset Management does not publish what it charges. We looked for 3 charges and found no figure for any of them:

  • · The page gives a 3-business-day payout and says nothing about a charge for it.
  • · No management fee appears on the page.
  • · 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; it arrives within 3 business days. Long bonds move in price, and the page calls the fund medium to high risk.

Who this suits

It could work for you if

You want bond returns with a small start and quick access.

Think twice if

You want the yield and the charges in writing first. Neither is on the page.

How openly does this company explain its charges?

DHides more than it shows8 of 14 answered
  • What do they charge you every year?
    No management fee appears on the page.
  • 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. 3 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 yield and no charge. It states KES 500 to start, KES 100 top-ups, no lock-in, and payout within 3 business days.
  • · The page calls the fund medium to high risk: it holds long bonds whose prices move.

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