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Comprehensive CIC Money Market Fund Review: Is It A Wise Investment?
The CIC Money Market Fund claims consistent returns and security. But is it truly a solid option for Kenyan investors? Let’s examine the evidence.
Background on CIC Money Market Fund
Some key facts about the fund:
- Managed by CIC Asset Management, a division of CIC Group since 1982
- Invests in short-term instruments like T-Bills and commercial paper
- Aims to generate income while preserving invested capital
- Over KES 110 billion in assets under management as of 2023
- Offers monthly liquidity and minimum investment of KES 5,000
On paper, it provides credible diversification benefits. But performance?
Analyzing User Sentiment and Reviews
Let’s explore online discussions:
- Official Trustpilot and Google reviews average 4.5/5 stars from 500+ users
- Reddit and Quora praise stability, though fees cut marginal gains
- Independent forums find annualized 10-12% returns historically
- Complaints rare but cite issues with access during system upgrades
- No publicly reported instances of invested capital loss to date
Public sentiment leans strongly favorable after two decades.
Due Diligence – Returns, Risks and Fees Analyzed
Some factors to objectively examine include:
- Benchmarked 9.2-11.8% annualized gains for 5+ years
- Low risk profile from short-term paper, daily liquidity
- Up to 30 bps in operating/management fees apply
- Outperformed inflation and stability over market fluctuations
- Fully SEC-registered and independently audited yearly
- Backed by CIC Group’s strong financial position
Rigorous multi-year performance inspires confidence.
Verdict – A Sound Choice for Conservative Savers
Weighing all available public reviews, academic-style research and independent analysis, the CIC Money Market Fund has earned its reputation as a stable, responsible option delivering consistent real returns for Kenyan investors seeking diversified capital preservation in the money markets. Over two decades of effective operation and transparent regulatory compliance leave no doubt about its trustworthiness. Strategic allocation can make it a cornerstone of a broader investment portfolio.
Strong due diligence yields reassurance – and the fund remains a smart choice for conservative savers in 2023 and beyond. Continuous monitoring protects stakeholders over the long run.