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ICEA LION Asset Management

ICEA LION Money Market Fund

Money market fund · Regulated by the CMA

Your money is lent out short term, mostly to banks and to the government. You can add to it or take it out when you want. It grows slowly and steadily.

Hear when this changes

What to watch out for

  • The page advertises the fund without printing a rate, a charge, or how long a withdrawal takes.
  • Interest from a money market fund is taxed at 15%, taken before the money reaches you.
  • ICEA LION Asset Management is supervised by the Capital Markets Authority.

The details that matter for this kind of plan

What it takes to start
KES 500
Smallest amount
KES 500 to start
Interest is paid
Every month
Fund size
KES 20.9 billion

How to open this

  • Open with KES 500

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 fixed term, so there is no early. The page does not say how long a withdrawal takes to reach you.

Who this suits

It could work for you if

You have a small amount to start with. KES 500 opens an account.

Think twice if

You want to compare returns. This page prints no rate at all.

What they tell you

  • What is the smallest amount you can start with?
    KES 500.
  • 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 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.

Where we got this