Unit Trust Funds FAQs

This an investment channel that allows one to invest in Treasury Bills, government bonds corporate bonds through funds known as; Money Market Fund, Bond Fund, Balanced fund and Equity Fund. As your Fund Manager, we invest on your behalf through pooling funds with other investors to realise the growth in your savings you desire.

There are four types of Unit Trust funds you can choose from and invest in. 

These are;

1. Old Mutual Bond Fund 

2. Old Mutual Balanced Fund 

3. Old Mutual Equity Fund 

4. Old Mutual Money Market Fund 

Start investing today and watch your money grow. 

1. Have a goal or target in mind

2. Know your risk appetite/profile (What is the maximum drop (fall) in value you can endure on your savings in One Year before considering to pull out your investment?)

3. How much much time do you have to reach your goal (Investment horizon)

Answering these 3 questions will then determine the best investment vehicle for you. 

Now begin...

You can set up a Unit Trust account as an individual or a jointly with another person/people.

On your mobile

Simply dial *480# on your mobile phone to open an account, and start saving and watch your money grow.

Offline

You can get in touch with an investment advisor to guide you through.

For applications we will require the following attachments; Copy of the ID or Passport, Certified bank statement or ATM card, Copy of PIN certificate. Note that, Corporate Applicants have additional requirements as per the checklist on the form.

You can visit any of our offices and fill in the application forms or request a financial advisor to visit you and guide you through the sign up process.

Yes, you are allowed to make withdrawals at any time. 

Single applicants can withdraw their investments by simply writing an email instruction to us indicating their account number and the amount they wish to withdraw or by visiting any of branches.

Joint account holders can also issue email withdrawal instructions if either signatory has the right to instruct a withdrawal. Alternatively the signatories can visit any of our branches and request for a withdrawal. 

Corporate clients must submit signed instructions via email or by visiting any of our branches.

How to withdraw

Withdrawal instructions should be sent to clientservices@oldmutualkenya.com. All email withdrawal instructions have to be sent from the email address on record. If you are making the withdrawal to a new account, you'll have to visit any of our offices.

Currently, we have two options where we can deposit your withdrawals. 

• Bank Account – Withdrawals can be made to a bank account in your name. 
• M-Pesa – For single and joint applicants, we allow for deposit of withdrawals their M-Pesa account (i.e. phone number registered in account holder's name).  

Note that: 1. We do not allow withdrawals to third party bank account(s) 

                  2. Corporate clients do not qualify for M-Pesa withdrawals

We allow you to make one free monthly withdrawal, while every other withdrawal you make within the same month will attract a Kshs. 800.00 fee.

Yes! It is possible to switch funds and it's a pretty convenient and quick process. 

Single applicants can switch funds by simply writing an email instruction indicating their account number and amount to be switched or by visiting any of our branches.

Joint account holders can issue email fund switch instructions if either signatory has the right to instruct a switch of funds. Alternatively, the signatories can visit any of our branches and submit a fund switch instruction.

Corporate clients must submit signed instructions via email or by a visit to any of our branches

Note that: Fund switch instructions are sent to clientservices@oldmutualkenya.com. All instructions have to be sent from the email address on record.

Nothing much. We'll just need you to notify us when you make this change.

Whether you are a Single, Joint or Corporate Applicant, you will be required to visit any of our offices and sign a bank details change form and provide either a certified bank statement, ATM Card or cancelled cheque as proof of your banking details.

For a change in contact details you will be required to visit any of our offices and fill and sign a change of details form

Note that: For Joint and corporate applicants ALL signatories must sign, to show approval of change      

MPESA

To top up your savings, we made it simple via M-Pesa.

Just follow the steps shown below.

1. Go to Lipa na M-Pesa from your M-Pesa menu, then select Pay Bill.

2. Send your investment to Paybill Number 600500. 

3. The Fund Account Number will be your Account Number .

Bank Payments

Bank Deposits to the Unit Trust can be made through:

Bank: Kenya Commercial Bank

Branch: Custody Services Branch

Branch No. 04 Clearing Code: 01-133

Swift code: KCBLKENX

The account Numbers for the various funds are as follows:

Account Name: Old Mutual Money Market Fund

Account No: 110-236-970-5

Account Name: Old Mutual Equity Fund

Account No: 110-237-075-4

Account Name: Old Mutual Balanced Fund

Account No: 110-237-044-4

Account Name: Old Mutual Bond Fund

Account No: 110-240-075-0 

Note that, the fund account number has to be indicated as the payment reference in all bank deposits