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Mutual Funds in Kenya: I need advice
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S.Mutaga III
#1 Posted : Saturday, October 13, 2012 12:18:01 PM
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Joined: 3/26/2012
Posts: 830
I have heard of Old Mutual Money Market Fund,I dont know much about the others.which mutual fund in kenya gives the highest return on investment monthly,because someone told me they pay the investors monthly...dont start criticisizing because I have said I know virtually nothing. I know you wazuans wont let me down,so kindly advise.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mwekez@ji
#2 Posted : Saturday, October 13, 2012 12:29:01 PM
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Joined: 5/31/2011
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Unless you have become too busy to manage your portfolio, dont look for a fund manager. The management cost will eat your returns big time yet they dont deliver much - My 2 cents
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S.Mutaga III
#3 Posted : Saturday, October 13, 2012 12:41:02 PM
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The only reason am thinking about a mutual fund is the monthly returns...the consistency...please advice on which has the most returns compared to its peers in kenya...I will not invest in it,but it is worth knowing.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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chiaroscuro
#4 Posted : Saturday, October 13, 2012 8:16:00 PM
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Joined: 2/2/2012
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Location: Nairobi
If you are in Kenya, you can easily track their performance from the daily reports in the newspapers - on the same page as the NSE table.

Decide what kind of fund you want: money market or equity or both

Money market is good for low-risk high[er] returns...most are currently earning higher than the 90-day T-Bill.

Highest returns now are available from Amana, CIC, Madison...in that order. I know who's behind CIC and Madison but I ha no clue who is behind Amana....

Equity Funds are rather poor performers; you are better off managing your own stocks - if you concentrate on blue chips, you will easily out-do the fund managers!
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mwekez@ji
#5 Posted : Monday, October 15, 2012 8:35:48 AM
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@chiaroscuro, what are the returns of those money market funds after deducting fund management costs?

For instance, old mutual money market fund generated 11.7% p.a. return in Septemeber while their service fee was 3% p.a meaning net return was 8.7% p.a. link... and we still havent factored the hidden costs
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maka
#6 Posted : Monday, October 15, 2012 8:54:43 AM
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Joined: 4/22/2010
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Location: Nairobi
mwekez@ji wrote:
@chiaroscuro, what are the returns of those money market funds after deducting fund management costs?

For instance, old mutual money market fund generated 11.7% p.a. return in Septemeber while their service fee was 3% p.a meaning net return was 8.7% p.a. link... and we still havent factored the hidden costs

...thats low especially when fixed income returns in form of coupon,out match that performance,even if u factor in witholding tax...
possunt quia posse videntur
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StatMeister
#7 Posted : Monday, October 15, 2012 9:39:11 AM
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What about STENDU Enterprises? Its a forex trading something that pays 30% per month, that's annualizes to 2229%.

Link http://www.wazua.co.ke/f...spx?g=posts&m=325174
A bad day fishing is better than a good day at work
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youcan'tstopusnow
#8 Posted : Monday, October 15, 2012 9:54:27 AM
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Location: Black Africa
Buffett should hire STENDU as his long-sought successorLaughing out loudly
GOD BLESS YOUR LIFE
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StatMeister
#9 Posted : Monday, October 15, 2012 10:14:32 AM
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youcan'tstopusnow wrote:
Buffett should hire STENDU as his long-sought successorLaughing out loudly


Somehow, some 'investors' believe in the model and buy in Pray Pray
A bad day fishing is better than a good day at work
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Aguytrying
#10 Posted : Monday, October 15, 2012 11:19:04 AM
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it is a well documented fact that mutual funds underperform indexes by the percentage of their management cost.
The investor's chief problem - and even his worst enemy - is likely to be himself
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eggnest
#11 Posted : Monday, October 15, 2012 2:32:57 PM
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Joined: 5/11/2011
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I think it's always important to have some money stashed away earning low interest but at least your sure when you need it,it will not have diminished. I think MMF is good for your emergency fund.that cash you can fall back on if all other sources of income stall for whatever reason...
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kaifastus
#12 Posted : Monday, October 15, 2012 3:44:34 PM
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Joined: 8/17/2011
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Kenyan proffessionals are becoming more and more finance survy.. Its easier to obtain cheap info and knowledge. investment is being demystified and less pple will seek expensive financial advise in future.I bet 80% of wazuans invest on their own.
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