Etica Money Market Fund is one of the best MMF in Kenya. It offers you a chance of saving money and earning interest. Etica Money Market Fund pays interest on daily basis which range between 13% and 18% per year. Minimum investment amount is Ksh 100.The interest is compounded daily.
Etica Money Market Fund Contacts
Phone Number: +254-769-999-666
Email: info@eticacap.com
Postal Address:P.O Box 3245 – 00621, Nairobi, Kenya.
Office location
Allamano Centre, Inside Consolata Shrine, 4th Floor, Suite 4E, Westlands, Nairobi, Kenya.
Monday – Friday: 0900 – 1700 Hours
Saturday – Sunday: By appointment.
Etica Money Market Fund Payment Methods
Mpesa Paybill
M-Pesa Paybill: 4096483
A/C number: Put your client code e.g. 1019M
Equity Agent
Via Agent’s STK Business number: 919292 Bill number: Put your client code e.g. 1019M OR
Via Agent’s POS
Tell agent to use Etica Biller code 919292 together with your client code (in one line with a space between biller code and your client code)
e.g. 919292 1019M
Equity USSD
Business number / Equity Paybill: 919292
Bill number: Put your client code e.g. 1019M
Equity Mobile
Business number / Equity Paybill: 919292
Bill number: Put your client code e.g. 1019M
USD Deposit
USD Unit Trust Funds deposit via M-Pesa:
M-Pesa paybill 247247
Account: 0180285106666
N/B – Please note the bank will convert to USD using their exchange rate for that day.
How to deposit money to Etica Money Market Fund via Airtel
On airtel linedial *222#, select option 6 (Paybill & Till Payments), select option 5 (m-pesa paybill), then put Etica’s mpesa paybill 4096483, and then next the part for account number part you will put your Etica client code e.g. 1555M
You will receive a message that the money has been received.
How to deposit money from your Ksh bank account to the USD account?
You can do a bank transfer from your KES account and deposit to Etica’s USD account below (the bank will convert to USD using the conversion rate they have for that day):
Bank: Equity Bank (Kenya) Limited
Branch: Community Supreme
A/C Name: Etica Unit Trust Collection Account – EQUITY NOMINEES LIMITED
A/C No: 0180285106666
Swift Code : EQBLKENA
Branch Code: 018
How to deposit money from MPESA to the USD account
For MMF USD deposit via mpesa, you can use the below (the bank will convert to USD using the conversion rate they have for that day):
M-pesa Paybill 247247
Account: 0180285106666
Once done share confirmation message to Etica WhatsApp line 0769999666 or email it to fundops@eticacap.com for the company to check and update your account.
Withdrawal process, charges and duration (Bank or m-pesa)
For Bank – Withdrawal to bank is free and is paid within 2 working days.
For M-pesa – You can withdraw up to KES 100,000 to Mpesa instantly in a few seconds as a daily limit. More than that e.g. KES 100,001 onwards is paid within 2 working days.
Withdrawal to Mpesa has Safaricom charges between KES 4/= to KES 30/= based on amount but it will show you before you complete the process (e.g. highest is KES 30/= charge if withdrawing KES 250,000).
To withdraw money through the bank, write and email to Etica Money Market Fund and request for the withdrawal. Remember to indicate your member number.
How much money to earn from Etica Money Market Fund
The amount of money to earn depends on the interest earned daily. In a year, the interest ranges between 13% and 18%. On average, the annual interest is 16%.
If you invest Ksh 1 million, you will earn interest of Ksh 160,000 per year. The interest can be as high as Ksh 180,000. If you invest Ksh 100,000, you will earn interest of Ksh 16,000 to Ksh 18,000 per year.
Is Etica Genuine or a scam?
Etica is relatively new company in Kenya. Since many people have never heard about the company, they always question whether it’s real or a scam. To know that it’s genuine, confirm whether it’s registered to operate in Kenya. The company is indeed registered and regulated by the Capital Markets Authority. This implies that you stand no chance of losing your money.
It’s also linked to Cooperative Bank, which is a bank that your money will be deposited to. This is a reputable bank which won’t be allowed to be used by scammers to steal money.
There are also no complaints in regards to the company’s Money Market Fund products. Depositing and withdrawing the money is done efficiently.
