How to Successfully Invest in GenAfrica’s Money Market Fund

How to Successfully Invest in GenAfrica's Money Market Fund

GenAfrica’s Money Market Fund (MMF) has emerged as a star performer in Kenya’s investment landscape, attracting a growing base of investors seeking a secure and rewarding place for their money.

Launched in December 2022, GenAfrica’s money market fund Kenya has experienced impressive growth, surpassing Ksh 921 million (approx. USD 7.7 million) in assets under management within just four months. This surge is attributed to its attractive yields and its focus on catering to low-risk investors, making it the best money market fund in Kenya.

Balancing Security and Returns

GenAfrica’s MMF stands out by prioritizing capital preservation and easy liquidity. It achieves this by strategically investing in short-term debt instruments, cash, and cash equivalents.

This approach offers a buffer against market volatility while still generating returns that are demonstrably higher than those offered by traditional savings accounts.

The GenAfrica money market fund interest rate is 16.76% annually, and 15.5% daily. It is therefore considered the best performing money market fund in Kenya 2024, significantly outperforming benchmark interest rates.

Investor-Friendly Features

The GenAfrica Money Market Fund targets goal-based savers who range from individuals, SACCOs, religious institutions, schools, investment groups, corporations, and retirement schemes.

The minimum deposit for GenAfrica money market fund is Ksh 500,000 (approx. USD 4,200), making it accessible to a broader pool of investors compared to some alternative investment options.

Additionally, GenAfrica’s MMF offers several features that enhance its appeal:

  • No Entry Fees: Investors can begin their journey with the fund without incurring any upfront charges.
  • Flexible Withdrawals: Unlike fixed deposits, GenAfrica’s Money Market Fund offers investors the flexibility of GenAfrica money market fund withdrawals whenever needed.
  • Transparent Management: The fund is overseen by GenAfrica Asset Managers, a reputable investment firm with a proven track record. Furthermore, the Capital Markets Authority regulates the fund, ensuring adherence to strict financial standards. Security is further bolstered by the involvement of Standard Chartered Bank as custodian, KCB Bank Kenya Limited as trustee, and PWC Kenya as auditor.
  • Convenient Online Management: GenAfrica Unit Trust’s online portal streamlines the investment process. Investors can sign up, make additional investments (top-ups), and monitor their accounts easily through this user-friendly platform. [For a GenAfrica money market fund login, visit the GenAfrica Unit Trust portal]
  • Monthly Income Distribution: The fund distributes income to investors on a monthly basis through the issuance of new units, offering a steady stream of returns. Investors also have the flexibility to choose how they receive their earned interest, with options for periodic or automatic payouts.
  • Regular Updates: GenAfrica provides you with regular monthly statements delivered straight to your inbox. This transparency allows you to stay informed about your investment performance and make confident decisions about your financial future.

Getting Started

To invest in GenAfrica’s MMF, follow these steps:

  1. Visit GenAfrica Unit Trust Portal: Locate the online portal for GenAfrica Unit Trust.
  2. Explore Investment Options: Once you access the portal, navigate to the section dedicated to investment options.
  3. Choose GenAfrica MMF: Select GenAfrica’s Money Market Fund from the available investment options.
  4. Review Fund Details: Carefully review the fund’s details, including minimum investment, fees, and returns.
  5. Complete the Online Application: Fill out the online application form accurately.
  6. Fund Your Investment: Once your application is approved, proceed to fund your investment with at least Ksh 500,000.

The GenAfrica’s money market fund is expected to surpass Ksh 1B within Q2, fueled by the current economic climate with rising interest rates on Treasury bonds and fixed deposits. This emphasizes the fund’s potential to deliver on its promise of consistent and secure returns for investors.

Read Also : 6 Ways to Build an Elaborate Savings and Investments Plan

A GenAfrica money market fund review would highlight its potential for risk-averse investors seeking a well-rounded investment opportunity.

While past performance is not necessarily indicative of future results, the fund’s strong showing since its inception and its alignment with current market trends suggest it is well-positioned for continued growth.

The fund does not currently have a GenAfrica money market fund app. However, the GenAfrica Asset Managers Investment App is available on the Google Play store. The app allows users to take control of their investments and wealth.

As always, consulting with a financial advisor is recommended before making any investment decisions!!

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