How to Join and Invest with the Safaricom Money Market Fund Ziidi

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Safaricom PLC, Kenya’s leading telecommunications company, made its debut in the money market fund space through its subsidiary, Ziidi Money Market Fund. The fund, licensed by the Capital Markets Authority (CMA), offers an easy way for individuals to invest using the M-PESA platform.

What is Ziidi Money Market Fund?

Ziidi is a licensed individual investment fund that pools investor money into secure financial instruments, such as government securities like Treasury bills and interest-earning accounts. Interest rates on Ziidi investments vary daily and are calculated and credited daily.

Within 24 hours of depositing, your money begins earning interest, visible on the M-PESA App or by dialing *334#.

Key Features of Ziidi Money Market Fund

Management Fee: A 2% annual fund management charge is applied, but the displayed interest rate is net of this fee.
Taxation: Returns are subject to a 15% withholding tax, similar to other interest-earning investments.
Free Transactions: Deposits and withdrawals between Ziidi and your M-PESA wallet incur no transaction fees, making the platform cost-effective.
Minimum Investment: Start investing with as little as KES 100, while withdrawals can be made from KES 10.
Limits: There are no maximum investment limits, but M-PESA’s daily transaction cap of KES 500,000 and per-transaction limit of KES 250,000 apply.

Why Invest with Ziidi?

Convenience: Signing up is quick and paperless, accessible on any mobile phone.
Secure Transactions: Every transaction requires your M-PESA PIN, ensuring the safety of your funds.
Competitive Interest: Unlike dormant funds in your M-PESA wallet, Ziidi investments earn daily interest.
Zero Costs: Transactions and maintenance fees are zero-rated.
Transparency: Track your investments and daily earnings via the Ziidi mini-app or USSD.
Real-Time Withdrawals: Instantly transfer funds from Ziidi to your M-PESA account without delays or limits on withdrawal frequency.