Moonstone Money Market Rates Report
 

Fedgroup banner 2023-03-06



Updated: 27-March-2023 Valid until: 31-March-2023


Participation Bonds

Company Product Nominal Rate Five-Year Rate on Maturity Min Inv Amount Initial Charges Management Cost
Fedgroup Secured Investment Growth Option 9.80% 12.58% * R 5 000 0.00% 0.00%
Fedgroup Secured Investment Income Option 9.80% Varies, based on income paid out R 5 000 0.00% 0.00%

* The rate is based on a five-year investment calculated at a fixed nominal rate of 9.80% p.a.
 

Money Market Funds

CompanyEffect RateInitial chargesMin Inv AmountManagement costNotes
Allan Gray7.780%0.000%R 20 000.000.290%5
Coronation7.720%0.000%R 10 000.000.250%4
Nedbank7.700%0.000%R 10 000.000.570%3
Old Mutual Unit Trust7.590%0.000%R 10 000.000.570%6
SYmmETRY7.540%0.000%R 10 000.000.570%1
Absa (Prudential MM)7.480%0.000%R 100 000.000.460%2
PSG7.280%0.000%R 25 000.000.570%7
  1. Symmetry Money Market Fund: Applicable to LISP clients only.
  2. Absa Prudential Money Market Fund: The fund is managed according to the guidelines set out in Regul ation 28 of the Pension Fund Act and Regulation 29 of the Medical Aid Schemes Act. The fund currently has an annual management fee holiday which will be lifted on 30 September 2021.
  3. Nedbank Money Market: The rolling 7-day yield,as at Friday 24 March 2023 was 7.70% p.a. This is the average return over the past 7 days, annualised, and calculated as an effective rate for a one-year investment. The nominal return for March 2023 (the latest figure available) was 7.49% p.a. These figures apply to all investments, irrespective of amount.They can now accept debit order with a minimum of R500 pm.
  4. Coronation Money Market Fund: The fund aims to obtain as high a level of current income as is consistent with capital preservation and liquidity. The fund's benchmark is the Alexander Forbes Short Term Fixed Interest (STeFI) Benchmark. Management fees of 0.25 % excluding VAT are calculated on an annual basis.
  5. Allan Gray Money Market Fund: A maximum initial charge of 3.42% (inclusive of VAT) is payable to the adviser as commission subject to restrictions when selecting an Annual Financial Adviser Fee ranging between 0%-1.14% (incl VAT). No initial charges are levied by the Fund. The Fund accepts monthly investments of R500 monthly (via debit order).
  6. Old Mutual Unit Trusts : A maximum initial charge of 0.68% (inclusive of VAT) is payable to the adviser as commission. No initial administration charge is levied