When you think about building wealth that lasts for decades, not months, your strategy must shift from short-term gains to long-term compounding. The Arvocap Almasi Fixed Income Accumulation Fund is one of the few fixed-income products in Kenya engineered specifically for disciplined, patient investors who want their money to grow steadily, quietly, and consistently over time.
This fund differs from typical fixed-income products, which typically pay a monthly income. Instead, it reinvests every interest payment, every gain, and every return into the fund.
Nothing leaves the portfolio. Nothing slows down the compounding effect. This design makes it an ideal vehicle for investors seeking to build retirement wealth, create a legacy, fund education, establish trust funds, or achieve long-term financial goals in 2026 and beyond.
Powered by Arvocap Asset Managers — a regulated and research-driven investment firm — the Almasi Fund is built on transparency, risk discipline, and a strong commitment to long-term capital appreciation.
Whether you are a professional planning ahead, a parent building generational wealth, or an investor seeking a reliable conservative compounding vehicle, this 2026 guide breaks down exactly why this fund is worth considering.
What Is the Arvocap Almasi Fixed Income Accumulation Fund?
The Arvocap Almasi Fixed Income Accumulation Fund is a Kenya Shilling–denominated unit trust designed to build long-term wealth through investments in government bonds, treasury bills, term deposits, and qualifying corporate fixed-income products.
It is an accumulation fund, meaning all returns — including interest income — are automatically reinvested to drive continuous compounding.
The fund is suitable for investors who prioritize long-term growth over short-term returns and seek a conservative yet performance-focused fixed-income solution.
Fund Overview
| Key Item | Detail |
|---|---|
| Fund Name | Arvocap Almasi Fixed Income Accumulation Fund |
| Fund Inception | 3rd June 2024 |
| Base Currency | Kenya Shillings (KES) |
| Fund Type | NAV Fund |
| Unit Trust AUM (December 2025) | KES 8.04 Billion |
| Minimum Investment | KES 100,000 |
| Minimum Top-Up | KES 100,000 |
| Lock-In Period | 6 Months |
| Annual Target Return (Gross) | 24% |
| Year 2025 Return | 20.51% |
| Performance Since Inception | 42.49% |
| Annual Benchmark 2025 | 12.64% |
| Annual Management Fee | 1% |
| Initial Fee | 0.50% |
| Interest Compounding | Monthly |
| Performance Fee | 20% Above Hurdle Rate |
| Hurdle Rate | YTM of the Kenya Government 5 Year Bonds + 200bps (2%) |
| Risk Profile | Moderate |
| Fund Manager | Arvocap Asset Managers |
| Trustee | NCBA Trustees |
| Custodian | NCBA BANK PLC |
| Regulator | Capital Markets Authority |
| Auditor | King’ori Kamau & Company (CPAK) |
Portfolio Holdings: Government Bonds 80.51%; Corporate Bonds 10.71%; Term Deposits 7.98%; Cash 0.80%
This summary reflects a fund specifically designed for serious long-term investors in 2026, given its minimum investment threshold and its emphasis on capital accumulation.
Investment Objective and Strategy
The Arvocap Almasi Fund has a single, clear objective: to achieve long-term capital appreciation through disciplined fixed-income investing and consistent compounding.
To achieve this objective, the fund follows the following strategic pillars:
1. Heavy Allocation to Government Securities
Government bonds and treasury bills form the backbone of the portfolio, representing over 80% of holdings. These instruments are considered the safest fixed-income assets in Kenya due to government backing. They provide:
- Predictable interest payments
- Low credit risk
- Strong liquidity
- Stable price behaviour
This stability anchors the entire portfolio and limits downside volatility.
2. Qualifying Corporate Fixed-Income Investments
The fund also invests in:
- Corporate bonds (10.71% of portfolio)
- Commercial papers
- Term deposits (7.98% of portfolio)
These instruments are vetted to ensure creditworthiness and provide enhanced yields. They help the fund outperform standard government-only fixed-income portfolios without significantly increasing risk.
3. Active Management of Duration and Holdings
The Almasi Fund does not passively hold bonds until maturity. Its managers:
- Actively trade government securities
- Adjust duration based on market trends
- Capitalize on yield opportunities
- Rebalance positions to maintain alignment with interest rate cycles
- Manage liquidity to ensure smooth fund operations
This active approach is a key driver behind the fund’s exceptional performance.
4. Full Accumulation Through Automatic Reinvestment
Unlike distribution-style funds, which pay out income to investors, the Almasi Fund reinvests every return into the portfolio. This leads to uninterrupted compounding, which accelerates long-term growth, especially for investors with longer investment horizons.
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Holdings and Portfolio Composition
The fund’s portfolio allocation as of December 2025 is extremely conservative and optimized for safety and accumulation.
| Asset Class | Allocation |
|---|---|
| Government Bonds | 80.51% |
| Corporate Bonds | 10.71% |
| Term Deposits | 7.98% |
| Cash | 0.80% |
This allocation offers a strong balance of:
- Stability
- Liquidity
- Consistent returns
- Low volatility
The dominance of government securities ensures that capital is protected while still yielding attractive interest rates, positioning the fund well for continued performance in 2026.
Performance Review
The Arvocap Almasi Fund has delivered exceptional performance since its inception in June 2024, significantly outperforming its benchmark and establishing itself as a top-tier fixed-income investment option entering 2026.
2025 Annual Return (Net of Fees): 20.51%
Performance Since Inception (June 2024 – December 2025): 42.49%
2025 Benchmark: 12.64%
This figure already reflects management and operational expenses. The fund has consistently exceeded its benchmark by a significant margin, highlighting the value of active management in the fixed-income space.
Growth Example
KES 1,000,000 invested on 1st January 2025 accumulated a gain of KES 205,100 by 31st December 2025, net of all fees.
This level of growth from a conservative fixed-income accumulation vehicle is impressive, particularly when compared to traditional fixed deposits or passive bond holdings.
Remarkable Achievement
The fund has significantly outperformed its benchmark throughout 2025. With the benchmark at 12.64% (YTM of Kenya Government 5-Year Bonds + 200bps), the fund’s 20.51% return represents an excess return of 7.87% above the hurdle rate, demonstrating the effectiveness of active management and strategic positioning.
Since inception, the fund’s 42.49% cumulative return represents exceptional wealth accumulation for patient investors who understand the power of compounding—a track record that positions it strongly for 2026.
Why the Arvocap Almasi Fixed Income Accumulation Fund Excels in Long-Term Wealth Accumulation
Below are the core reasons why this fund is powerful for long-term investors in 2026:
1. Full Compounding Without Interruptions
Since the fund reinvests all returns, investors benefit from the exponential effect of compounding.
This is critical in wealth-building because it ensures that each return generates additional returns in the future.
2. Active Bond Strategies That Capture Market Opportunities
By actively buying and selling government securities, the fund locks in gains, exploits yield spreads, and optimizes average returns.
This is a significant advantage over passive fixed-income investments, as evidenced by the 7.87% outperformance above the benchmark in 2025.
3. Conservative Structure That Minimizes Risk
With over 80% of its assets allocated to government securities, the fund offers stability and safety.
This structure protects investors from unexpected shocks and ensures steady progress even in volatile market conditions.
4. Competitive Fees That Enhance Net Returns
The fund charges:
- 1.0% management fee
- 0.5% initial fee
- Performance fee of 20% only when returns exceed the hurdle rate (Kenya Government 5-Year Bonds + 2%)
This means the fund prioritizes investor returns over internal gain. Even after fees, investors received a net return of 20.51% in 2025.
5. Professional Governance and Compliance
The fund is backed by NCBA Trustees, NCBA Bank as custodian, and operates under CMA oversight. Additionally, the fund is audited by King’ori Kamau & Company (CPAK), ensuring transparency and accountability.
This strong governance reduces operational risk and enhances investor confidence as we move into 2026.
6. Designed for Long-Term Investors Who Want Predictability
This fund is built for investors who value:
- Stability
- Safety
- Long-term consistency
- Passive compounding
- Professional oversight
It is not built for speculators or short-term traders. The 6-month lock-in period reinforces this commitment to long-term wealth building.
Investor Suitability – Who Should Invest in 2026?
The Arvocap Almasi Fund is ideal for individuals seeking to build long-term wealth and appreciate a disciplined investment approach.
This fund is perfect for:
- Retirement planners looking to build their nest egg throughout 2026
- Parents building education or generational funds
- Professionals with long-term savings goals
- Investors who prefer low-risk, high-consistency assets
- Individuals looking for stable, predictable growth
- Business owners investing surplus funds for future use
- People who understand the power of compounding
- Investors with a minimum 5-year investment horizon
This fund is not ideal for:
- Investors seeking monthly income payouts
- People who need short-term access to capital (within 6 months)
- High-risk investors seeking aggressive equity-like growth
- Individuals unable to meet the KES 100,000 minimum
This clarity helps investors align expectations with outcomes as they plan their 2026 investment strategy.
Risk Profile
The fund is classified as Risk Category 3 (Moderate) due to its exposure to fixed-income products and associated risks.
Primary Risks
- Interest Rate Risk: Rising interest rates can temporarily impact bond prices. The fund’s active management helps mitigate this through strategic duration adjustments.
- Credit Risk: Potential for losses from issuer defaults or credit rating downgrades. The fund mitigates this by investing primarily in government securities and high-grade corporate bonds.
- Market Liquidity Risk: Tight liquidity can slow down trading execution. The fund maintains adequate liquidity through cash and term deposits.
- Inflation Risk: Erosion of purchasing power due to rising inflation. The fund’s 20.51% return in 2025 significantly exceeded Kenya’s inflation rate.
However, because the fund focuses heavily on government securities (80.51%), these risks are well-managed. The fund’s proven track record of 42.49% growth since inception demonstrates effective risk management entering 2026.
How the Arvocap Almasi Fund Compares to Other Fixed-Income Funds in 2026
Here is a strategic, investor-friendly comparison:
| Fund | Type | Strategy | Return Level | Minimum Investment | Risk |
|---|---|---|---|---|---|
| Arvocap Almasi (Accumulation) | Fixed Income | Active, reinvesting | Exceptional (20.51% in 2025) | 100,000 | Low–Moderate |
| Jubilee Fixed Income Fund | Fixed Income | Conservative | Medium (~11%) | 5,000 | Low |
| Britam Bond Plus Fund | Fixed Income | Balanced | Medium (~11–12%) | 1,000 | Low–Moderate |
| Zimele Fixed Income Fund | Fixed Income | Conservative | Medium (~10–11%) | 100 | Low |
| Nabo KES Fixed Income Fund | Fixed Income | Government-heavy | High (~12%) | 100,000 | Low |
From this comparison, it is evident that:
- Arvocap Almasi is a premium product with exceptional returns
- It targets long-term compounding with proven results
- It demands discipline through a 6-month lock-in period
- It rewards patience with industry-leading performance
- It significantly outperforms most competitors in growth-focused fixed-income investing
As investors look ahead to 2026, the Almasi Fund’s track record provides confidence in its ability to continue delivering superior results.
How to Invest in the Arvocap Almasi Fixed Income Accumulation Fund
Investing is simple and structured.
Open an Arvocap Almasi Fund Account Here: https://shorturl.at/cpjsP
Investment Calculator: https://www.arvocap.com/calculators/almasi
Minimum investment: Ksh 100,000
Click the link to open your account and start investing.
Contact Information:
Phone: 0703472299 (Alex Mwangi)
WhatsApp: “ALMASI” on 0703472299 to get started
Email: centwarriors@gmail.com
Also Read:
Frequently Asked Questions
What is the Arvocap Almasi Fixed Income Accumulation Fund?
The Arvocap Almasi Fixed Income Accumulation Fund is a long-term investment fund that reinvests all earnings to grow investor capital steadily through fixed-income instruments. It is designed for wealth builders who value compounding over monthly income payouts. Its structure ensures that every return increases your long-term wealth potential.
Is the Arvocap Almasi Fixed Income Accumulation Fund safe?
The fund is classified as Category 3 (moderate risk) due to its significant allocation to government securities and strict adherence to CMA regulations. It employs strong governance through NCBA Trustees and NCBA Bank as custodian. While all investments carry some risk, the fund’s conservative structure minimizes volatility and protects capital while pursuing growth.
What returns has the Arvocap Almasi Fixed Income Accumulation Fund delivered?
The fund delivered a 20.51% net return in 2025 and has achieved a cumulative return of 42.49% since inception in June 2024. This significantly exceeds the benchmark of 12.64% and demonstrates the effectiveness of active management. A KES 1 million investment on January 1, 2025 grew by KES 205,100 by December 31, 2025, net of all fees.
What is the minimum investment for the Arvocap Almasi Fixed Income Accumulation Fund?
The minimum investment is KES 100,000, positioning the fund as a premium long-term investment product. Additional top-ups also require KES 100,000, helping investors maintain focus on accumulation and quality participation.
Does the Arvocap Almasi Fixed Income Accumulation Fund pay a monthly income?
No. The fund is strictly an accumulation vehicle. All interest and returns are automatically reinvested into new units to maximize long-term compounding. This makes it ideal for investors who prefer wealth growth over immediate cash flow.
What is the lock-in period?
The fund has a 6-month lock-in period for all new investments. This means you cannot redeem your investment within the first 6 months. This policy encourages long-term thinking and allows the fund manager to optimize investment strategies without pressure from short-term withdrawals.
Who is the Arvocap Almasi Fixed Income Fund best suited for?
It is best suited for long-term investors with a 5+ year horizon, including professionals, parents building education funds, retirement planners, and anyone creating generational wealth. Its conservative structure also makes it appropriate for risk-sensitive investors who want stability with attractive returns.
How liquid is the Arvocap Almasi Fixed Income Accumulation Fund?
The fund maintains sufficient liquidity through cash reserves and term deposits. However, it is designed for long-term investment (recommended 5+ years), not frequent withdrawals. You can redeem units after the 6-month lock-in period on any business day when banks are open in Nairobi.
What is the hurdle rate for performance fees?
The hurdle rate is the Yield to Maturity (YTM) of the 5-year Kenya Government Bond + 200 basis points (2%). The fund only charges a 20% performance fee on returns exceeding this hurdle, ensuring that fees are only paid when the fund delivers exceptional performance.
How is the fund regulated?
The fund is established under the Capital Markets (Collective Investment Schemes) Regulations 2023 and is regulated by the Capital Markets Authority of Kenya. Arvocap Asset Managers holds license number 190. The fund also has independent oversight from NCBA Trustees and NCBA Bank PLC as custodian.
Can I add more money after my initial investment?
Yes, you can make additional top-ups at any time. The minimum top-up amount is KES 100,000, and you can contribute as frequently as you wish. Regular top-ups enhance the compounding effect and accelerate your wealth accumulation.
What benchmark does the fund use?
The fund’s benchmark is the Yield to Maturity (YTM) of the Kenya Government 5-year bond. This benchmark reflects the fund’s focus on medium-term fixed-income instruments and provides a relevant performance comparison.
Conclusion
The Arvocap Almasi Fixed Income Accumulation Fund stands out as one of the most effective long-term wealth-building tools in the Kenyan fixed-income market. Its combination of conservative holdings, active management, disciplined reinvestment, strong governance, and proven performance creates a powerful foundation for stable and predictable capital growth.
If your goal is long-term financial security, retirement planning, legacy building, or disciplined wealth accumulation with a 5+ year horizon, the Arvocap Almasi Fixed Income Accumulation Fund deserves a primary place in your investment portfolio.
It rewards consistency. It rewards patience. And most importantly, it rewards the commitment to grow wealth the right way—through the power of compounding, professional management, and disciplined investing.
Ready to start your wealth accumulation journey?
Get started with the Arvocap Almasi Fixed Income Fund today!
