GCIB Fixed Income Fund rate today

Questions people ask about GCIB Fixed Income Fund

What is the current GCIB Fixed Income Fund rate?

GCIB Fixed Income Fund is quoting 10.16% gross. Fructa records the rate every weekday, so this figure is the most recent one published rather than an annual average.

How much do you actually keep from GCIB Fixed Income Fund?

Kenyan money market fund interest carries 15% withholding tax, deducted at source. The advertised 10.16% is therefore 8.64% in practice. On KES 100,000 that difference is about KES 1,524 a year.

What is the minimum investment for GCIB Fixed Income Fund?

GCIB Fixed Income Fund requires a minimum of KES 1,000 to open. Minimums vary widely between Kenyan funds, from a hundred shillings to six figures, and a higher minimum does not reliably buy a higher yield.

Who manages GCIB Fixed Income Fund?

GCIB Fixed Income Fund is managed by Gulfcap Unit Trust Funds, a fund manager licensed by the Capital Markets Authority. Fructa tracks every CMA licensed collective investment scheme that publishes a rate.

Is GCIB Fixed Income Fund better than Mayfair Fixed Income Fund or Nabo KES Fixed Income Fund?

Today GCIB Fixed Income Fund pays 10.16%, Mayfair Fixed Income Fund 16.56% and Nabo KES Fixed Income Fund 13.67%, all gross. Compare every fund on the rates page.

Is GCIB Fixed Income Fund a good place to keep money?

That depends on what you are comparing it against and what you need the money for. The yield matters, but so do the minimum, the fee, how quickly you can withdraw, and whether the return beats inflation once tax is taken. Fructa shows gross, net and real side by side for every fund so the comparison is like for like.

Other fixed income funds in KES

All KES fixed income funds today

• Mayfair Fixed Income Fund16.56%
• Nabo KES Fixed Income Fund13.67%
• Etica Fixed Income Fund13.30%
• Zimele Fixed Income Fund12.27%
• ICEA LION Fixed Income Fund KES12.12%
• Kuza Fixed Income Fund KES11.30%