Orient Kasha Money Market Fund Explained 2024 (Must-Read!)

As of 7^th February 2024, the Orient Kasha Money Market Fund registered a daily yield rate of 12.11% and an effective annual yield rate of 12.8%. That, without a doubt, makes it one of the highest-yielding money market funds in the country.

In addition to being a high-yielding fund, the Kasha Money Market Fund is also an affordable choice. With a minimum investment of Ksh 5,000, one can join the money market fund and make periodic to-ups of at least Ksh 1,000.

The fund attracts an annual account maintenance fee of 2%, which isn’t a lot and doesn’t offer any lock-in period. Those are just a fraction of the fantastic benefits of becoming an investor in the Kasha Money Market Fund.

This guide shall walk you through everything to know about the Kasha Money Market Fund, especially the following:

What is the Kasha Money Market Fund?
How does the Kasha Money Market Fund work?
Why invest in the Kasha Money Market Fund?
Who should invest in the Kasha Money Market Fund?
How does the Performance of the Kasha Money Market Fund Compare to Other Funds?
What are the risks of investing in the Kasha Money Market Fund?
How can one join the Kasha Money Market Fund?
How do you deposit funds into your Kasha Money Market Fund account?
And how do you contact Orient Kasha?

Let’s dive in!

In a hurry? Below is an overview of the Kasha Money Market Fund by Orient Asset Managers;

Orient Kasha Money Market Fund Fact Sheet as of 7^th February 2023

Full Name	Kasha Money Market Fund
Fund Manager	Orient Asset Managers Limited
Daily Yield Rate	12.11%
Effective Annual Yield Rate	12.87%
Minimum Investment	Ksh 5,000
Minimum Top-Up	Ksh 1,000
Management Fee	2%
Lock-In Period	None
Regulator	Capital Markets Authority
Maturity Profile	Not more than 12 months
Underlying Securities	Government securities, term deposits, corporate papers, and cash

What is the Kasha Money Market Fund?

The Kasha Money Market Fund is a unit trust by Orient Asset Managers Limited that invests in short-term liquid assets and securities with a maturity profile that doesn’t exceed 12 months. The fund invests in government securities, term deposits, corporate papers, and cash.

How Does the Kasha Money Market Fund Work?

The objective of the Orient Kasha Money Market Fund is to invest in short-term but lucrative assets and securities. Investors are required to pool money – a minimum of Ksh 5,000, after which they can top up with Ksh 1,000. Usually, their investment equals the number of units or shares they hold, which translates to their possible return.

Funds earn interest, which is compounded, and unit holders can withdraw at any time as there’s no lock-in period.

Overall, the key player of the fund is the fund manager, Orient Asset Managers Limited. The fund manager manages the investment portfolio on behalf of the investors. The fund manager also advises the investors on potential investment opportunities and often makes investment opportunities on behalf of the investor.

Orient Asset Managers Limited, however, doesn’t work alone. The fund manager collaborates with the custodian, who keeps the funds under the trustee’s oversight.

Why Invest in The Orient Kasha Money Market Fund?

You may want to invest in the Kasha Money Market Fund for different reasons and among them are:

Good return – As I mentioned earlier, the average daily yield for the Kasha Money Market Fund as of 7^th February 2024 was 12.11% while the effective annual yield rate was 12.87%. That clearly shows that the money market fund has a good yield rate.
Affordability – The minimum deposit for the Kasha Money Market Fund is Ksh 5,000, which is affordable for most Kenyans. What’s more, you only need a minimum top-up amount of Ksh 1,000, which is also affordable.
Seamless sign-up – The sign-up process is pretty straightforward. As I’ll share later, it only takes minutes to do it online.
No lock-in period – Orient Kasha doesn’t impose a lock-in period on the money market fund. That means you can withdraw the funds anytime, making the fund such a convenient option for financial emergencies.
Safety – The fund manager, Orient Asset Managers Limited, is CMA-approved with license number 023, which means they strive to comply with the Capital Market Authority’s standard, making the fund safe.
Professional management – The fund manager applies a hands-on management approach to run the money market fund and has in-depth knowledge of financial management matters. With their guidance, the investors’ money is always in safe hands.
Saving culture – Given that the minimum top-up for joining the Kasha Money Market Fund is flexible and the yield rate is impressive, saving up for whatever goal becomes easy. We’ll talk about what you can save for in the next section.

Orient Kasha Money Market Fund Fact Sheet

Who Should Invest in The Kasha Money Market Fund?

The Kasha Money Market Fund is ideal for two sets of people. First is the cautious investor who wants to invest in low-risk, short-term securities. Second is the intelligent saver who wants a saving solution that promises a reasonable return rate, high liquidity, and capital preservation.

Conserving saving, you can save for any of these reasons:

Emergency fund – Since there is no lock-in period, you can open a Kasha Money Market Fund and use it as your emergency fund. In addition to being highly liquid, the money will also accrue interest and grow, which is a huge advantage.
College fund – Since the fund invests in short-term securities, you can quickly save for school fees for your kids and cash out within a year. It’s much safer.
Large purchase – This could be land, a house, or a car. You can save for it, or at least the deposit amount, using the Kasha Money Market Fund and watch your money grow over a given period.
Large expense – You can use the Kasha Money Market Fund to save for a considerable cost, such as a wedding, trip, or vacation and watch your money grow.
Business capital – If you want to raise funds to start a business or buy expensive machinery, you can use the Kasha Money Market Fund to save up for the money quickly.

Orient Kasha Money Market Fund Performance Compared to Others

While the Kasha Money Market Fund isn’t Kenya’s highest-yielding money market fund, its performance is impressive.

Let’s consider last year, for instance;

As of 4^th August 2023, the Kasha Money Market Fund had an effective annual yield rate of 9.63%, which only ranked it 22 out of 25. Of course, the rate and the ranking don’t indicate a good performance overall. The top 3 then were the Enwealth Money Market Fund (12.42%), the Lofty-Corban Money Market Fund (12.39%), and the Cytonn Money Market Fund (12.37%).

Towards the end of the month, 25^th August 2023, to be precise, Kasha Money Market Fund’s effective annual yield rate improved to 10.2% even though its ranking did. The top 3 also changed as follows: Gen Africa Money Market Fund (13%), Enwealth Money Market Fund (12.6%), and Cytonn Money Market Fund (12.5%).

As of 29^th September 2023, the Kasha Money Market Fund’s effective annual yield averaged 11.0%, which shows its impressive steady growth. It also moved one position up to 21. The top three, however, stayed put even though they also registered improved yield rates as follows: Gen Africa Money Market Fund (14.2%), Enwealth Money Market Fund (13.9%), and Cytonn Money Market Fund (13.8%).

Table Comparison

Now, here’s a table comparison of the above:

Timeline	Kasha Money Market Fund’s Effective Annual Yield and Ranking	Top 3 Money Market Funds and Their Effective Annual Yield
4^th August 2023	9.63% (Position 22/25)	Enwealth Money Market Fund (12.42%), Lofty-Corban Money Market Fund (12.39%), and Cytonn Money Market Fund (12.37%)
25^th August 2023	10.2% (Position 22/25)	Gen Africa Money Market Fund (13%), Enwealth Money Market Fund (12.6%), and Cytonn Money Market Fund (12.5%)
29^th September 2023	11.0% (Position 21/24)	Gen Africa Money Market Fund (14.2%), Enwealth Money Market Fund (13.9%), and Cytonn Money Market Fund (13.8%)

Remember, however, that the effective annual yield rate for the Kasha Money Market Fund as of 7^th February 2024 was 12.87%, confirming the fund’s steadily rising curve.

What Are the Risks of Investing in The Kasha Money Market Fund?

Like every other, the Kasha Money Market Fund has risks just as much as benefits. The most widespread risk is the risk of market unpredictability.

Yes, the curve might show steady growth over the past year, but no one can predict what will happen to the yield rate in the next two or three months. There are just no guarantees in money market funds in Kenya regarding the yield rate, which means this is a risk you may have to take.

How Can One Join the Orient Kasha Money Market Fund?

Orient Asset Managers allows you to sign up for the Kasha Money Market Fund online quickly. Here are the steps to doing it:

Visit the website
Go to the ‘Our Services’ tab and tap’ Our Solutions.’
Scroll slightly downwards to identify the ‘Apply Here’ button under ‘Kasha Money Market Fund’ and tap on it
Wait for an application form to pop up, which you should fill out
Indicate your name, email, mobile contact, subject, and message and send

How Do You Deposit Funds into Your Kasha Money Market Fund Account?

You can deposit funds into your Kasha Money Market Fund account via MPESA as follows:

Go to MPESA and then Lipan Na MPESA on your phone
Use the pay bill number 214 257
Enter your full name as the account number
Input the amount you wish to deposit and MPESA Pin
Confirm the details and send

Orient Kasha Money Market Fund Contacts

You can contact Orient Asset Managers to inquire about the Kasha Money Market Fund using any of these contact information:

Physical Address: 4^th Floor Capitol Hill Towers, Cathedral Road, Nairobi
Postal Address: 34530-00100 Nairobi, Kenya
Email Address: jambo@orientasset.co.ke
Mobile: +254 726 559 882 / +254 733 559 822

Concluding Thought:

Above is everything you should know about the Orient Kasha Money Market Fund. This money market fund undoubtedly has some fantastic benefits, which include good yield and affordability, and you want that from your next investment vehicle.

For more information about money market funds in Kenya and other investment vehicles and solutions on debt payment, budgeting, and financial planning, visit our online store today. We have wealthy resources you’ll find helpful.