Investing in a Money Market Fund (MMF) is a prudent way to earn competitive returns while maintaining liquidity and capital preservation. Etica Capital offers a seamless process to open an MMF account, allowing investors to start with as little as KES 100. Here’s a step-by-step guide to joining Etica’s Money Market Fund.
Step 1: Choose Your Preferred Onboarding Channel
Etica Capital provides multiple platforms for account opening:
- Mobile App: Available for both iOS and Android devices.
- iOS Users:
- Android Users:
- Web Application: Accessible via any web browser.
Each platform is designed for a swift onboarding experience, typically taking around 3 minutes.
Step 2: Initiate the Account Opening Process
- Mobile App:
- Download and install the Etica app from the respective app store.
- Open the app and select “Create Account.”
- Web Application:
- Visit the Etica Investments Platform.
- Click on “Create Account.”
Step 3: Select Account Type
Etica accommodates various account types:
- Local Individual: For Kenyan residents.
- Foreign Individual: For non-residents.
- Minor: Accounts for individuals under 18, managed by a guardian.
- Sole Proprietorship: For single-owner businesses.
- Joint Account: For multiple individuals managing a single account.
- Self-Help Groups: For registered or unregistered groups.
- Partnership: For business partnerships.
- Corporate: For registered companies.
Choose the account type that best fits your needs.
Step 4: Complete the Registration Form
Fill in the necessary details, which may include:
- Personal Information: Full name, date of birth, and contact details.
- Identification Documents: National ID or passport.
- Tax Information: Kenya Revenue Authority (KRA) PIN.
- Bank Details: For linking your bank account.
- Beneficiary Information: Nominate individuals who will benefit from the account.
- Risk Assessment: Answer questions to determine your risk profile.
Ensure all information is accurate to facilitate a smooth verification process.
Step 5: Upload Required Documents
Depending on the account type, you’ll need to upload:
- Identification Document: Clear copy of your National ID or passport.
- KRA PIN Certificate: For tax purposes.
- Passport-Sized Photo: Recent colored photograph.
For minor accounts, include the child’s birth certificate and the guardian’s identification documents.
Step 6: Review and Submit
After completing the form and uploading the necessary documents:
- Review all entered information for accuracy.
- Agree to the terms and conditions.
- Submit your application.
You’ll receive a confirmation email upon successful submission.
Step 7: Fund Your Account
Once your account is active, you can make your initial deposit:
- Minimum Investment: KES 100.
- Payment Methods:
- M-Pesa: Use Etica’s Paybill number 4096483 and your client code as the account number.
- Bank Transfer: Transfer funds directly to Etica’s bank account.
- Equity Agents: Deposit cash at any Equity Bank agent.
Detailed payment options are available on Etica’s website.
Step 8: Monitor and Manage Your Investment
With your account funded:
- Access real-time account information through the Etica app or web portal.
- Monitor your investment’s performance and make additional contributions or withdrawals as needed.
Etica’s platform ensures transparency and ease of management for your investments.
By following these steps, you can efficiently open an Etica Money Market Fund account and begin your journey toward financial growth. For further assistance, refer to Etica’s FAQ section or contact their support team.
For a visual walkthrough of the account opening process, you can watch the following video:
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