The NCBA Money Market Fund (MMF) is one of the best investment options for investors in Kenya looking for smart, low-risk ways to grow their money as it comes with competitive interest rates, highly liquid, and investors are assured of daily compounding returns.
For starters, unlike stocks and real estate, a money market fund is a low-risk investment option that gives investors access to high value securities with short maturity periods. The NCBA MMF is open to both individuals and businesses and promises better returns than a fixed deposit account or a savings account.
What is the NCBA Money Market Fund?
The NCBA MMF is a low-risk unit trust fund managed by NCBA Investment Bank and regulated by the Capital Markets Authority (CMA). An individual or business can choose to put money into the MMF daily , monthly or one-off. The bank then pools these money together and invests it into a secure short-term instruments such as:
- Treasury bills
- Government bonds
- Fixed deposits
- Commercial papers
The NCBA MMF ensures that its assets are very liquid so investors can access the money any time they feel like. Like all the MMF’s, its main goal is to preserve capital, offer daily interest, and allow quick access to your money.
Who Can Invest & How Much Can They Invest?
Any individual or business can invest in the NCBA MMF as long as they are after better returns than a regular savings account, an individual or business with idle cash at hand needing short-term investment and flexibility or an investor looking for a short-term goal like rent, fees, emergencies, travel, holiday or Friday night out.
To start investing in the NCBA MMF, one needs as little as KES 5,000 as their initial deposit. After that, the minimum top-up amount: KES 1,000. NCBA MMF has no entry or exit fees and users can withdraw within 2–3 business days. The fund currently offers around 12% annual return, with interest compounded monthly.
How to Open an NCBA Unit Trust Account
To open an account:
- Download and fill out the NCBA Unit Trust application form — available online or at any NCBA branch.
- Submit a copy of your ID or passport, KRA PIN, and passport photo.
- Attach proof of payment (bank transfer or M-Pesa payment).
- Email or drop off the form and documents at an NCBA Investment Bank branch or their official email.
Invest or Withdraw On-The-Go
For NCBA Bank customers, one can invest in the MMF directly from the NCBA NOW App then monitor their MMF balance in real time, top up or withdraw funds, access statements and manage their investments alongside their bank accounts.
Interest is calculated daily and compounded monthly and users get regular statements via their mobile app or from NCBA Investment Bank Portal.
With just KES 5,000, the NCBA Money Market Fund is a great way to save for a short-term goal or build an emergency fund, and anyone can invest in the fund including students, startups and businesses to earn solid returns while maintaining liquidity and peace of mind.
The NCBA Money Market Fund is a Kenya Shilling denominated Fund is suitable for investors who want to preserve capital while generating a regular interest income. Investors can invest and liquidate their investments with ease. Funds are invested in short-term instruments including Treasury bills and bonds, fixed deposits and other interest-earning assets. The fund allows for daily withdrawals or investment of a minimum of KES 1,000.
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