Updated: 06-July-2026 Valid until: 10-July-2026
Money Market Funds
| Company | Effect Rate | Initial charges | Min Inv Amount | Management cost | Notes |
|---|---|---|---|---|---|
| Allan Gray | 7.220% | 0.000% | R 20 000.00 | 0.290% | 4 |
| Nedbank | 6.990% | 0.000% | R 10 000.00 | 0.570% | 2 |
| SYmmETRY | 6.990% | 0.000% | R 10 000.00 | 0.570% | 1 |
| Coronation | 6.970% | 0.000% | R 10 000.00 | 0.250% | 3 |
| PSG | 6.690% | 0.000% | R 25 000.00 | 0.570% |
- Symmetry Money Market Fund: Applicable to LISP clients only.
- Nedbank Money Market: The rolling 7-day yield,as at Friday 3 July 2026 was 6.99% p.a (Excl. VAT). 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 July 2026 (the latest figure available) was 6.71% p.a. These figures apply to all investments, irrespective of amount.They can now accept debit order with a minimum of R500 pm.
- 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.
- 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).