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  1. Investments
  2. SC Shilingi Funds

SC Shilingi Funds

Enjoy the Power of Your Shilling

How much can I earn on SC Shilingi Funds?

Amount you want to invest today
KES
Investment Tenor
months
Enter deposit between 1000 & 30000000
Enter months between 1 & 300
Interest amount earned p.a if compounded
KES
Interest rate applied (indicative)
9 %
The effective annual yield is net of annual management fees by the fund manager and is gross of the with-holding tax and the admin charge by the bank. These calculations are approximate as annual yield is subject to change on a daily basis. Past performance is not an indication of future performance. Terms and Conditions apply*

A perfect way to save for short to medium term goals and manage your money

If you have side hustles and/or are looking to save every day, every week or every month then this is an ideal product for you!

3 easy steps to invest immediately

STEP 1

Download the SC Mobile Kenya App

STEP 2

Login to the SC Mobile Kenya App

STEP 3

Click on the Investments tab and choose SC Shilingi Funds

SC Shilingi Funds gives Power to your Shilling

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IPHONE AND ANDROID APPS

Open an Account anytime, anywhere with our award-winning iPhone and Android mobile banking apps.

Frequently Asked Questions

  • A unit trust pools contributions of many investors into one large fund (pooled fund), which can then be invested in a variety of financial products including money market, treasury and corporate bonds, shares and property. These funds provide a good investment option due to the nature of “collective investments”, which benefits from the expertise of fund management that diversifies your money and lowers the risk of losing your money. Unit trusts are regulated by the Capital Markets (Collective Investment Schemes) Regulations 2001 and an independent trustee who is the registered holder of the scheme’s underlying assets.

    • Quick access to funds (liquidity)
    • Diversification of investments
    • Returns are usually better than usual fixed deposits however the volatility maybe higher than fixed deposits
    • Experts managing the investments
    • Flexible and affordable investment
    • Cash withdrawal facility
    • Low/minimal investment costs
  • This fund is a low risk unit trust fund providing capital preservation while offering high levels of income. The fund invests in quality short-term securities – Treasury Bills, fixed deposit instruments, high-quality corporate commercial and near cash holdings. A good strategy is to buy unit trusts on a regular basis, topping up regularly.

  • Unit trusts invest in several asset classes and investment instruments, and the total value of shares in a unit trust investment portfolio form a small part of the portfolio.

  • You can place subscription (Buy) and redemption orders (Sell) and also view your transactions and also get statements.

  • Execution-only is a trading service that is restricted to only the execution of trades, without the client receiving any advice about the merits or risks of the investments or their suitability

  • While you can place your investment orders via our online Mutual Funds Platform 24 hours a day, only orders placed before the cut off time, 07.00am Kenya time will be processed the same working day. Orders received after this time will be processed on the next working day. It will take about 2 working days to complete the deal processing.

  • The bank’s process date is the date in which your order is placed with the fund house. The value date is the date in which the purchase of your units with the fund house are settled and it is from this day that you will start earning interest on your investment.

  • You can redeem your investment at any time. It takes about 2-3 working days once the redemption order is placed.

  • You can redeem the investment by completing the redemption journey on the SC Mobile app. You can click on your portfolio holdings and click on redeem.

  • Proceeds from a sale will normally be released in 2-3 business days once the fund house confirms.

  • Once you submit a subscription request via Online Mutual Funds, the order cannot be amended. You may however cancel your order by redeeming the investment as soon as it is processed and reflected in your portfolio holdings.

  • Yes, you can top up your account as many times as you wish. You can do it through a one-off contribution or through a recurring plan (weekly and/or monthly).

  • The minimum investment amount is ksh 1000 and the maximum is Ksh 1,000,000.

  • You may only use your Kenya Shilling Current Accounts for subscription and redemption instructions that are reflected on the investment platform.

  • Your account will be debited immediately you place the subscription request. Kindly review order status before confirming to ensure your order is placed correctly.

  • The initial investment fees will be clearly indicated on the mobile app and in addition there will be an annual management charge by the fund manager as indicated in their respective factsheet.

  • You will have to pay withholding taxes on the interest you earn on your income similar to a fixed deposit. With-holding taxes are deducted at source. Thus, you will be credited with the net interest after all with-holding tax deductions.

  • The withdrawal requests can only be placed through the mobile app once you log in with your log-in credentials. The investment redeemed is always sent to the bank account of the owner of the unit investment account holder. This is a safety measure to ensure the security of your funds.

  • The indicative Net Asset Value (NAV) is the indicative price with which you will be purchasing each unit of the fund.

  • Usually the interest is calculated on a daily basis depending on the indicative yield given by the fund house. The interest is then credited to your account every beginning of the month (within 3-5 days)

  • You can find orders not yet settled under Order Status for your tracking. Once we settle the orders, units will be allocated to your investment fund account; for redemption, proceeds will be credited to your current account.

    All settled orders will be displayed under Transaction History.

  • You will be able to view or download your confirmation notices and statements through the app under ‘Transactions and Advices’ and ‘ Monthly Statements’ respectively.

    1. In person: Visit the nearest standard chartered bank branch and the dedicated staff will receive and address your complaint
    2. Telephone: Call the 24-hour Client Centre where a team of agents are standing by to assist you; +254 20 3293900, +254 703 093 900, +254 732 143 900
    3. Video/Chat: Visit www.sc.com/ke where you can video call, audio call or chat with our team of agents
    4. Email us at ManagedInvestmentsKE@sc.com
  • Every complaint provides us an opportunity to delight you. You may raise a complaint by sending it to us on: Complaints.Ke@sc.com or through the channels above. Upon acknowledging receipt of a logged complaint, we shall investigate

Terms And Conditions

Disclaimer

Investment Products and Services are distributed by Standard Chartered Investment Services Ltd – a wholly-owned subsidiary of Standard Chartered Bank Kenya Limited, that is licensed by the Capital Markets Authority as a Fund Manager.