If you invest Ksh1m in Etica MMF,how much money will you earn? The interest per year is 13% to 18%. This means that you will earn Ksh 130,000 to Ksh200,000. The interest is compounded monthly,meaning that your interest each month will generate more income.
There is management fee of 2% and withholding tax of 15%.
So if you earn average of Ksh150,000 per year,tax will be Ksh 22,500(15%)
Management fee will be 2% of Ksh150,000, which is Ksh 3,000
Total deductions will be Ksh 25,500. Your net income will be Ksh 124,500.
