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Gencap Hela Imara Money Market Fund - Faqs

The GenCap Hela Imara Money Market Fund is a collective investment scheme offered by Genghis Capital that pools money from investors and invests it in low-risk, short-term instruments like treasury bonds and bills to generate returns. The minimum investment is KSh 500 and investors earn daily compound interest while maintaining liquidity. The fund aims to offer higher returns than bank savings accounts while preserving capital and providing diversification through professional fund management.

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Erick M'bwana
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586 views3 pages

Gencap Hela Imara Money Market Fund - Faqs

The GenCap Hela Imara Money Market Fund is a collective investment scheme offered by Genghis Capital that pools money from investors and invests it in low-risk, short-term instruments like treasury bonds and bills to generate returns. The minimum investment is KSh 500 and investors earn daily compound interest while maintaining liquidity. The fund aims to offer higher returns than bank savings accounts while preserving capital and providing diversification through professional fund management.

Uploaded by

Erick M'bwana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Hela IMARA

Fund
Money Market Investments

GenCap Hela Imara Money Market Fund - FAQs


What is a Money Market Fund?
A money market fund is a collective investment scheme (CIS) which pools funds from different
investors and invests them in low-risk, liquid and interest-earning instruments. These instruments
include treasury bonds & bills, corporate bonds & commercial papers, cash & call deposits, and
term deposits that have a short-term maturity. Each investor is allotted units in the fund based on
the value of the investment they put in.

What is the GenCap Hela Imara Fund?


The GenCap Hela Imara fund is the money market fund offered by the Genghis Capital asset man-
agement division. It is open to all investors looking to invest their money in an account that offers
greater returns than conventional bank accounts.

The minimum initial deposit and subsequent top-ups is KES 500 with no ceiling on how much an
investor can save.

What are the advantages of investing with the GenCap Hela Imara fund?
Investing/saving in Hela Imara has several benefits:
1. Capital Preservation and Investment Diversification: The pooled investments from individual
unitholders are put in various short-term secure (low risk) investments. For a relatively small
investment amount (KES 500 and above), an investor also gets access to the diversification of
the fund.

2. Liquidity: You can cash in all or part of your investments on any working day, as and when the
need arises, and the process will take only 2 – 4 working days without losing out on already
earned interest.

3. Flexibility: You can contribute moderately/ infrequently but still enjoy the benefit of being part
of a large and diversified portfolio with an attractive return.

4. Interest: The GenCap Hela Imara rate is published daily in local newspapers and on Genghis
Capital social media pages. The published rate is NET of management fees but gross of with-
holding tax. The rate is determined by the performance of the underlying assets on any given
day. In addition, the funds benefit from compounding interest that is computed daily and
credited to the client’s account monthly.

5. Professional Fund Management: As an investor in our money market fund, you benefit from
the services of professional fund managers and investment experts. This takes the hassle out
of investing that is typical of other forms of investment.

6. Safety: The GenCap Hela Imara fund is regulated by the Capital Markets Authority, a regulating
body charged with the prime responsibility of supervising, licensing and monitoring the activi-
ties of market intermediaries. In addition, a CIS has several parties who offer added safety
measures. They include the Trustee, Custodian and Auditors. The GenCap Hela Imara fund’s
trustee is Kenya Commercial Bank and their role is to safeguard the interests of the unitholders
and monitor compliance to the trust deed and investment memorandum. Stanbic Bank is the
fund’s custodian and they effectively hold and safeguard all the assets of the unit trust fund.

info@genghis-capital.com +254 709 185 000 | +254 730 145 000 www.genghis-capital.com
What is the difference between the daily yield rate and the effective annual yield?
The fund’s published rates are expressed in two different percentage rates: Daily Yield and Effec-
tive Annual Yield.

Daily yield is the annual rate of return that the funds' assets are generating at any particular point in
time.

The effective annual yield, on the other hand, is the rate of return that the funds will generate
assuming that an investor remains invested in the fund for one year, and the fund consistently
generates a given daily yield.

Effective annual yield is the daily yield plus the compounding effect of interest.

How can I invest in the GenCap Hela Imara fund?


Opening an account in the GenCap Hela Imara fund is a requirement and you can do so easily
using the G-Kuze app.

The app is available for Android devices on Google Play and iOS devices on Apple App store.
G-Kuze app will guide you to digitally submit the account opening information required. You can do
this from anywhere in the world! No office visit needed or paperwork.

G-Kuze account activation takes one working day from the submission and acceptance of complete
and correct information. You will receive an email with your new Hela Imara account number once it
is activated.

If you are unable to access the app, you can send a request for account opening to our team on
clientrelations@genghis-capital.com, call 0709 185 000, 0730 145 000 or visit our offices on 1st
Floor, Purshottam Place, Westlands Road, Westlands, Nairobi - Kenya.

How do I top up my Hela Imara account?


You have three convenient options:

1. In-app of G-Kuze via an M-Pesa STK push. Simply input the amount you wish to deposit in the
Buy section. Do ensure you have sufficient funds in your M-Pesa before initiating the process.

2. M-Pesa PayBill. Use the M-Pesa Paybill 819 392, and input your Hela Imara number as Account
No. Your Hela Imara account has the prefix GCL/CA/000000xxxx. You may also use your full
name

3. Bank Deposit/Pesalink transfer: Use the below to make a transfer. Kindly indicate your Hela
Imara account or Full name in the payment narrative/remarks
Bank: STANBIC BANK, Chiromo Branch
A/C Name: Gencap Hela Imara Fund
A/C No: 0100004723524

info@genghis-capital.com +254 709 185 000 | +254 730 145 000 www.genghis-capital.com
What are the charges for operating a Hela Imara account?
The GenCap Hela Imara fund charges a management fee of 2% per annum of funds under manage-
ment. This fee is typically funded by the return generated by the entire funds under management
and not the principal investment amount of unitholders. The yield rates published are net of the fee.

There is 15% withholding tax levied for residents and non-residents alike on the interest generated
and is paid to KRA monthly

You are not charged when making withdrawals from your Hela Imara account into your bank
account, and there are no operating charges.

How can I view my account balance?


Hela Imara account statements are sent to clients via email by the 5th of every month. In addition,
you can request to be sent a statement at any point in the month by reaching out to the client
relations team.

However, the most convenient way to watch your balance grow is via the G-Kuze app. Your account
balance is readily available under the Portfolio view whenever you wish to review.

Can I open a joint Hela Imara account or an account for a minor?


Joint accounts and accounts for minors are available. You will need to fill the specific form for this
type of account. Kindly reach out to the team on clientrelations@genghis-capital.com

How do I withdraw from my Hela Imara account?


In-app of G-Kuze, you can initiate a withdrawal request by using the ‘Sell’ function. The team will
receive the withdrawal notification and upon confirmation, the funds will be remitted to your
account within 2-4 working days.

You can also send email instructions to clientrelations@genghis-capital.com

info@genghis-capital.com +254 709 185 000 | +254 730 145 000 www.genghis-capital.com

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