Madison Money Market Fund – Full Guide To Investing In 2023

Madison Money Market Fund Fact Sheet

Launch date


Registered Office

Madison House,
2nd floor Upper hill Close
P.O. Box 20092-0100, Nairobi, Kenya

Fund Manager

Madison Investment Managers Ltd




Equity bank


Delloite & Touche

Interest Rate


Management Fee


Initial Fee


Minimum Investment

Ksh 5,000

Minimum Top-Up

Ksh 1,000

Withholding Tax




Madison Money Market Registration

KYC Requirements


1. Copies of all applicants IDs/ Valid Passports
2. Utility bill (not more than 3 months old): or lease/rental agreement or fill residential confirmation form
3. Proof of banking details
4. Copy of KRA Pin or Tax Exempt certificate (if not taxable)
5. A passport size photo for all applicants
6. Proof of Funds for Individuals/Joint Applicants investing 1 million and above


1. Certificate of incorporation/Registration
2. Copy of Signatories ID
3. KRA PIN Certificate for Company (Tax Exemption Certificate Where Applicable)
4. KRA PIN Certificate for Signatories
5. Passport size photo for each signatory.
6. Board resolution to open the account & appoint the signatories for the account.
7. Utility bill e.g. lease/rental agreement or Business Permit
8. Proof of bank details
9. CR12 and CR13 or Memorandum and Articles of Association
10. Proof of Funds for companies/institutions investing 5 million and above

Account Opening Options


1. Dial *828#
2. Select option 2: Make Investment
3. Select option 1: Invest in money market fund
4. Enter any key to proceed
5. Enter your full names
6. Enter your national ID number
7. Enter your investment minimum amount of Ksh5,000
8. Confirm the details by pressing 1

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Online Service Portal

1. Navigate to the Madison self service portal
2. Choose your preferred joining type i.e. Individual, Joint or Corporate
3. Complete the required sections and attach the relevant KYC documents

Application Forms

Fill in the Madison Unit Trust Account Opening Form and attach the relevant KYC documents and send as an email to

Madison Money Market Deposit/TopUp Options

M-Pesa Paybill

Paybill No. Account No.
653039 Your membership number

Bank Transfer

Equity Bank
Account Name: Madison Money Market Fund Collection Account
Account No. 0810296649521
Branch: Equity Centre
Branch Code: 68081


1. Dial *828#
2. Choose option 2: Make Investment
3. Choose option 2: Top Up
4. Select option 1: Via M-Pesa
5. Enter minimum amount of Ksh1,000
6. Your account summary will be displayed thus press 1 to confirm and bring up the M-Pesa STK menu requiring your M-Pesa PIN to effect the transaction

Madison Money Market Withdrawal Options

Withdrawal Form

Complete the withdrawal form and send it to the email address

Madison Money Market View Statement Options


1. Dial *828#
2. Select option 4: View statement
3. Select option 1: Money Market Fund
4. You can choose to either view balance or last 5 transactions by selecting option 1 or 2 respectively
5. Proceed and enter your member number

Madison Money Market Application Forms

Madison Unit Trust Individual/Joint/Corporate Joining Form – Download

Madison Unit Trust Withdrawal Form – Download

Madison Money Market Contact Details

Physical Address
Madison House,
2nd floor Upper hill Close
P.O. Box 20092-0100, Nairobi, Kenya
0741 135 660
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