How to Invest in the Stanbic Bank Kenya MMF

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The Stanbic Bank Kenya Unit Trust has emerged as a top-performing investment fund, recording an impressive 621% growth in assets under management.

In just three months, from September to December 2024, the fund’s portfolio expanded from KSh 338.1 million to KSh 2.4 billion, making it one of the fastest-growing investment options in the country.

Stanbic Money Market Fund

The Stanbic Money Market Fund is designed to provide stable income generation and capital preservation. It achieves this by investing 100% of its assets in a diversified portfolio that includes treasury securities, corporate debt instruments, and fixed deposits in the Kenyan market.

This fund is an excellent option for individuals looking to begin their investment journey or build an emergency fund, typically covering three to six months’ worth of expenses.

It is also ideal for corporates and individuals seeking to grow their capital while managing investment risks effectively.

Stanbic Money Market Fund Key Features and Benefits

Investing in the Stanbic Money Market Fund comes with several advantages:

Attractive Returns: The Stanbic Bank mmf offers a daily interest rate of 8.67% and an annual return of 9.05%, though these rates are subject to daily market fluctuations.
Low Entry Barrier: The minimum investment amount is just KSh 1,000, making it accessible to a wide range of investors.
Convenient Transactions: Investors can seamlessly manage their funds through Stanbic’s online platforms and USSD services.
Diversification: The fund employs a strategic asset allocation approach to mitigate investment risks.
Flexibility: Investors can easily subscribe to and redeem their investments as needed.
Security: The fund benefits from Stanbic Bank’s robust banking infrastructure, ensuring the safety of investments.

Read: Stanbic Bank Signs MOU to Strengthen Capacity-Building Programs for Entrepreneurs

Stanbic Money Market Fund Investment Requirements

To open a Stanbic Kenya MMF investment account, applicants must provide the following documentation:

For Individuals or Joint Accounts:

Copy of National ID or passport
Recent passport-size photo
KRA PIN certificate
Proof of banking details (bank statement, debit card copy, or canceled cheque)

For Companies:

Certificate of incorporation
Memorandum and Articles of Association
CR12 document
KRA PIN certificate for the company and all directors
Board resolution authorizing the account opening
Proof of banking details

For Partnerships, Trust Funds, and Other Entities:

Registration documents (e.g., partnership agreement or trust deed)
KRA PIN certificates
Proof of authorized signatories and resolutions
Passport-size photos and ID copies of all key individuals

How to Start Investing in the Stanbic Money Market Fund

Interested investors in the Stanbic Money Market Fund should:

Dial *208# to access the investment platform.
Fill out the application form and submit it via email to assetmanagementke@stanbic.com or drop it at the nearest Stanbic Bank branch.
Visit any Stanbic Bank branch for in-person assistance.

How to Redeem Your Stanbic Bank MMF Investment

Investors can redeem their Stanbic Money Market funds at any time through two main options:

Via USSD: Dial *208#, select menu option 9, and complete the redemption process. Funds will be transferred to the nominated bank account within two working days.
In-Person Redemption: Fill out a redemption form and submit it at any Stanbic Bank branch. Funds will be credited within two working days.

Please note that online redemptions are available only to individual and joint account holders, while institutional subscribers (such as corporations and NGOs) must redeem their investments through formal branch submissions.