How to Join ZIMELE | Step-by-Step MMF Account Opening

Investing in a Money Market Fund (MMF) is a prudent way to earn competitive returns while maintaining liquidity and capital preservation. Zimele Asset Management offers a straightforward 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 Zimele’s MMF.

Step 1: Choose Your Preferred Onboarding Channel

Zimele provides multiple platforms for account opening:

• Online Application: Accessible via their official website.
• Mobile App: Available for Android devices.

Each platform is designed for a swift onboarding experience.

Step 2: Initiate the Account Opening Process

• Online Application:
  • Visit the Zimele Unit Trust Application Form.
  • Fill in the required details and submit the form.
• Mobile App:
  • Download and install the Zimele app from the Google Play Store.
  • Open the app and select “Create Account.”

Step 3: Select Account Type

Zimele accommodates various account types:

• Individual: A personal account for your goals.
• Joint: An account with a partner, relative, or friend.
• Junior: An account for your child to save for their goals like education or future.
• Group: An account for chamas, organizations, associations, groups, families, alumni, etc.

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.

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 Zimele’s Paybill number 501101 and your account number or ID number as the account reference.
  • Bank Transfer: Transfer funds directly to Zimele’s bank account.

Detailed payment options are available on Zimele’s website.

Step 8: Monitor and Manage Your Investment

With your account funded:

• Access real-time account information through the Zimele app or web portal.
• Monitor your investment’s performance and make additional contributions or withdrawals as needed.

Zimele’s platform ensures transparency and ease of management for your investments.

By following these steps, you can efficiently open a Zimele Money Market Fund account and begin your journey toward financial growth. Refer to Zimele’s FAQ section or contact their support team for further assistance.

For a visual walkthrough of the account opening process, you can watch the following video:

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