Ziidi Money Market Fund is the latest Money Market Fund in Kenya. This is the best MMF in Kenya at the moment and among the best performing MMF. To start investing, you need a capital of Ksh100. The Minimum Additional Investment amount is Ksh 100 only.
Interest rate is calculated daily and compounded monthly. It’s usually between 9% and 18%. On average, the interest will be 13% per year.
The good thing about Ziidi is that they don’t charge transaction cost. When saving Ksh100 or any other amount, you won’t be charged any money. Another advantage is that it’s available for small, medium and high-income earners. You can save even Ksh1 billion and be sure that your money will be safe.
How to join Ziidi Money Market Fund
Download Safaricom App, then dial *334#, select financial services and select Ziidi. You will then be able to start investing after registration.
Ziidi MMF advantages and reviews
Easy to join—once you have downloaded your App, you will follow the procedure outlined above and join. It’s easier to join compared to other MMF in Kenya. It also takes the least amount of time to join.
High interest rate—the interest rate is 9% to 18% which is higher than fixed deposit account interest rates for Kenyan banks.
Trusted MMF—Safaricom is a trusted company, meaning that when investing in their MMF, your money will not be lost. You will therefore invest without any fear.
No hidden charges—The only charges is the 15% tax and 2% annual management fee. You will not be charged for anything apart from the two things.
No transaction charges—You will be sending money to the fund through Mpesa Paybill. Unlike other companies which charge you transaction fee, Safaricom MMF does not charge you any fee.
Wealth creation—you will be creating wealth that will help you in future.
You can withdraw any time—Instead of saving your money in Savings account without interest, Ziidi Money Market Fund will pay you interest of 10%-18%, which is decent. You can withdraw any time you wish after earning the interest.
Conclusion: Ziidi is among the few best MMF in Kenya. If you want to create wealth,join them today. Alternatives are CIC Money Market Fund,Old Mutual Money Market Fund ,APA Money Market Fund and Madison Money Market Fund.
