
Icea Money Market Redemption Form Fill Online, Printable


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People also ask
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What is the 7 day yield on a money market fund?
The 7-Day Yield represents the annualized fund yield based on the average income paid out over the previous seven days assuming interest income is not reinvested and it reflects the effect of all applicable waivers. Absent such waivers, the fund's yield would have been lower.
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What is the interest rate on the Icea money market fund?
ICEA Lion Money Market Fund (10.567%)
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How do I redeem my money market fund?
Like all mutual funds, money market funds are redeemable on demand. This means that investors can generally sell their shares back to a money market fund on any business day at the net asset value (or “NAV”) per share. The NAV per share is the per share value of a fund's assets minus its liabilities. Stable NAV.
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How can I withdraw money from my Britam money market account?
There are no lock-in periods for any money saved in the Money Market Fund. You can access the funds within 48 hours straight to M-Pesa.
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What is the average interest rate on a money market fund?
Even so, the national average interest rate for money markets is fairly low (0.60%, ing to the FDIC) compared to the top offers available.
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How do I withdraw money from my Icea money market fund?
There are no fixed periods per se so you can access your money whenever you need it in part or as a whole, with no penalties. At ICEA LION, for amounts less than Kes 10,000 via mobile money, you can access your funds under 24 hours, whilst those above Kes 10,000 can be sent to your bank account within 3 working days.
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What is the interest rate of Icea money market fund?
Top 15 Money Market Funds in Kenya: August 2023 No.Fund ManagerDaily Average rate % 12 Old Mutual Investment Group 10.745 13 African Alliance 10.684 14 Co-op Trust Investment Services Ltd. 10.612 15 ICEA Asset Lion Asset Management Ltd. 10.56711 more rows • Sep 8, 2023
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Is Icea Lion a good investment?
Our Money Market fund is a low risk investment that enables you to diversify your investment portfolio by introducing more stable returns to your portfolio. In short, we spread your risk to ensure minimal impact to your investments. Additionally, the unit trust in itself is diversified.
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