What Is A Growth (Balanced) Fund?

A Growth Fund (Balanced Fund) is a type of a Unit Trust. A Growth Fund is a medium risk investment that invests mainly in listed companies on the Nairobi Securities Exchange (NSE) and financial instruments that allow you to gain interest on your investment such as in fixed deposits and bonds. The Growth Fund is suitable for savers and investors seeking a balanced portfolio between liquidity (the ability to access your funds easily) and growing your capital.

As with any Unit Trust, you can access your funds at any time. However, because its performance as a medium risk investment is subject to market performance, there are no guarantees on returns. The Growth Fund is a less risky fund than the Equity and Bond Fund because your capital is invested in both secure and interest earning investments that vary subject to market forces. As such,with this fund, the probability of loss of your capital is reduced.

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The Growth / Balanced Fund is suitable for savers and investors seeking a balanced portfolio between liquidity (the ability to access your funds easily) and growing your capital.

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What Are The Benefits Of Our ICEA LION Growth Fund?

Affordability:

At ICEA LION, you can set up your Growth Fund for as little as KES 500 and top up with whatever amount you wish to save or invest at any time. There is a no minimum top up nor do we charge withdrawal fees. The interest or yield on your account is accrued on daily account balance. 

Ease of Access to Funds/Liquidity:

Also known as Liquidity, Unit Trust Funds offer you the opportunity to access your funds easily. There are no fixed periods par se so you can access your money whenever you need it in part or as a whole, with no penalties. At ICEA LION, for amounts less than KES 10,000 via mobile money, you can access your funds under 24 hours, whilst those above KES 10,000 can be sent to your bank account within 3 working days.

Monitor Your Investments Using One Platform:

Our Self Service portal allows you to update your profile, deposit, withdraw and view your transactions.

Transparency & Governance:

Unit Trusts are created by what is called a deed, which constitutes a contractual agreement that governs the relationship between you, the investor, the investment/fund manager, the trustees and Capital Markets Authority, who supervise and ensure the integrity of the investment plan for Unit Trusts. As a result, the investors rights are protected.

Economies of Scale:

The fact that your investment is pooled with others, gives you access to investments that would otherwise be unaffordable or inaccessible to you as an individual investor.

Professional Investment Management:

Your funds are managed by a team of qualified and experienced professionals who advise and guide you throughout your investment journey based on your goals, risk profile and your current financial position.

Diversification of Investments:

Unit Trusts take advantage of the pooled funds to give individual investors access to a variety of investment instruments. The economies of scale offer the opportunity for investment in diverse portfolios which you would otherwise not be able to enjoy as an individual. Further, the diversified range of assets reduces the risk you would face if you directly invested in only one asset class.

What other important information should I know about ICEA LION’s Growth (Balanced) Fund?

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What Can You Tell Me About ICEA LION’s Unit Trust Funds & Their Risk Levels?

Equity Fund

This fund invests primarily in listed companies on the Nairobi Securities Exchange (NSE).

It is suitable for savers and investors seeking long term capital growth.

Risk levels: High.

The interest to be earned is subject to market force, so there are no guarantee on return because the fund value varies day by day, based on market performance. An investor may therefore reap great rewards for suffer lose depending on when they cash in.

Growth (Balanced) Fund

This fund invests primarily in listed companies on the Nairobi Securities Exchange (NSE) as well as investment instruments that allow you to gain interest on your investment such as in fixed deposits and bonds. Suitable for investors seeking a balanced portfolio between liquidity (the ability to access your funds easily) and growing your capital.

Risk Level: Medium

This is a less risky fund than the Equity and Bond Fund because your capital is invested in both secure and interest earning investments that vary subject to market forces. As such, with this fund, the probability of loss of your capital is reduced.

Money Market Fund

This fund invests primarily in interest bearing assets like fixed deposits and short-term bonds. Suitable for investors seeking liquidity (the ability to access your funds easily), monthly income in the form of interest added onto your capital as well as preservation of your capital.

Risk Level: Low

It is considered the least risky fund because you never lose your invested capital however, interest varies from day to day depending on market performance.

Bond Fund

This fund invests primarily in a diversified portfolio of treasury and corporate bonds. Suitable for investors seeking to put their money in a diversified portfolio of bonds that offer regular or periodical income.

Risk levels: Medium-High.

This is because the interest to be earned is subject to market forces, so there are no guarantees on return due to the fact that the fund value varies day to day, based on market performance. An investor may therefore reap great rewards or suffer loss depending on when they cash in.

What Other Covers Are Available At ICEA LION?

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