Etica Money Market Fund (EMMF) is one of Kenya’s top-performing investment funds, offering high-yield returns with a low minimum investment of just Ksh100. If you’re looking for a secure way to grow your savings, this guide will walk you through the registration process, benefits, and key details you need to know before investing.
Why Invest in Etica Money Market Fund?
Etica Capital Ltd manages this fund, which is ranked as Kenya’s best money market fund in 2024. Here’s why it stands out:
- High Returns: Offers up to 18.20% nominal interest rate (11.83% net after taxes and fees).
- Low Minimum Investment: Start with as little as Ksh100.
- Daily Compounding: Earnings grow faster compared to traditional savings accounts.
- Flexible Access: Withdraw funds anytime with no penalties.
Etica Money Market Fund vs. Bank Savings (2024 Comparison)
| Feature | Etica Money Market Fund | Typical Bank Savings Account |
|---|---|---|
| Interest Rate (p.a.) | 11.83% (net) | 3% – 7% |
| Minimum Deposit | Ksh100 | Ksh1,000 – Ksh5,000 |
| Compounding | Daily | Monthly/Annually |
| Liquidity | High (Withdraw anytime) | May have withdrawal limits |
Source: Etica Capital Ltd
Eligibility Requirements
Before joining, ensure you qualify:
- ✔ Kenyan residents (individuals, groups, or corporates)
- ✔ Non-Kenyans with valid identification
- ✔ Sole proprietorships and formal partnerships
How to Open an Etica Money Market Fund Account
Step 1: Visit the Official Website
Go to Etica Capital’s website and click “Open Account” from the homepage.
Step 2: Fill in Your Details
You’ll need:
- Full name
- Email address
- Phone number
- ID/Passport number
Step 3: Select EMMF as Your Investment Type
Choose “Etica Money Market Fund (EMMF)” under Application Type.
Step 4: Submit & Wait for Approval
Once submitted, you’ll receive a member number via email/SMS.
Step 5: Fund Your Account
Deposit money via:
- M-Pesa: Paybill 4096483 (Account = Your Member Number)
- Equity Bank: USSD *247# → Biller Code 919292
How Much Can You Earn?
If you invest:
- Ksh50,000: Expected net return after 1 year = Ksh56,300 (11.83% p.a.)
- Ksh100,000: Expected net return = Ksh112,600
Note: Returns vary based on market conditions.
Frequently Asked Questions (FAQs)
1. Is Etica Money Market Fund Safe?
Yes, it’s regulated by Kenya’s Capital Markets Authority (CMA) and invests in low-risk Treasury bills and bank deposits.
2. Can I Withdraw My Money Anytime?
Yes, withdrawals are processed within 1-2 business days.
3. Are There Hidden Fees?
No, only a 2% management fee and 15% withholding tax on interest.
Final Thoughts
Etica Money Market Fund is an excellent choice for investors seeking high liquidity and competitive returns. With a simple online registration and low entry barrier, it’s ideal for both beginners and experienced investors.
Ready to start? Visit Etica Capital’s website today and grow your money smarter!
