Madison Money Market Fund Daily Yield: 11.73%
Effective Annual Yield: 12.44% Madison Fixed Income Fund Daily Yield: 13.19%
Effective Annual Yield: 14.10% Madison Wealth Special Fund Weekly Average Daily Yield: 12.71%
Weekly Average Effective Annual Yield: 13.56%
Madison Money Market Fund focuses on capital protection and growth through diversification of securities and offering high returns whilst meeting your liquidity needs. The fund invests in high-quality, short-term money market instruments, including bank deposits, government securities, and corporate instruments, in compliance with CMA guidelines for collective investment schemes.
Who is it ideal for?
The fund is suitable for salaried individuals, professionals, entrepreneurs, SACCOs, learning institutions, NGOs, Churches, Law firms, and SMEs, catering to needs like:
- Emergency funds and school fees funds
- Short-term savings goals
- Property and construction funds
- Group and welfare investments
- Business cash flow management
- No entry or exit fee
- No tenor restrictions
- Withdrawals processed in T+1 working day
- Monthly interest distribution
- Initial minimum investment: Kes 5,000 and Minimum top-up: Kes 1,000
Why Choose Madison Money Market Fund?
- Competitive Returns: Achieve consistent and stable returns to meet your short-term financial goals faster.
- Low-Risk Investments: Focus on high-quality fixed-income securities with short durations.
- Liquidity & Flexibility: Access your funds without long-term commitments.
- Professional Management: Benefit from expert fund management for optimal performance and growth.
How to Get Started:
How to Get Started:
- Sign Up:
- Download the application form here.
- Use the Madison Self-Service Portal: https://ssp.madison.co.ke/
- Contact Us:
- Email: madisoninvestmentmanagers@madison.co.ke
- Dial: *828# (Airtel/Safaricom)
- WhatsApp: 0741135660
- Invest: Start with as little as Kes 5,000 and monitor your growth online.
Madison Money Market Fund FAQS:
What is a Money Market Fund?
It is an investment vehicle that helps you to preserve and grow your capital at competitive returns while at the same time meeting your liquidity needs.
Where is the money invested?
Short-term debt securities that do not exceed 13 months. (Treasury Bills, bonds bank deposits, and commercial papers).
Initial Investment Amount
Kes 5,000
How often can I top up
Any time with a minimum of Kes 1,000
Is there an initial fee?
No there are no fees.
What are your rates and are they guaranteed?
Money Market rates are not guaranteed; they fluctuate on a daily basis depending on the financial market performance. Our rates range from 12%-15%. Note the funds earn interest on a daily basis and are compounded monthly.
What is the Withdrawal process?
You can send your withdrawal request by email, or Self Service Portal. Once we receive withdrawal instructions, we process the request within 2 working days. The funds will be credited to your bank account.
Are there any penalties for withdrawals?
There are no penalties for withdrawals. You can access your funds at any time.
Do you make payments via Mpesa?
Currently, all withdrawal payments are sent to the Bank, we are working to have Mpesa payments as one of our payment modes.
How do I register:
Head to our self-service portal https://ssp.madison.co.ke/ to register, alternatively, you may fill in the attached application form. We shall only require A copy of your ID, passport picture and proof of Bank details, this can either be an ATM, Bank statement, or a cancelled cheque and KRA PIN.
Statutory Disclaimer: The Capital Markets Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard. Past performance is not an indicator of future performance as the price of units may rise or fall. In certain specified circumstances, the right to redeem units may be suspended.
